SBI Life Insurance has introduced Smart Shield Plus, a future-ready term plan designed to adapt to policyholders’ changing financial responsibilities. This non-linked, non-participating, pure risk life insurance product offers customizable coverage options with flexible death benefits and add-on riders.
Key Features of SBI Life Smart Shield Plus
1. Three Coverage Options
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Level Cover: Fixed sum assured throughout the policy term
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Increasing Cover: Sum assured increases by 5% yearly (up to 200% max)
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Level Cover with Future Proofing: Increase coverage at key life stages (marriage, child’s birth) without medical tests
2. Flexible Death Benefit Payout
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Lump-sum payment
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Instalments (monthly/quarterly/yearly)
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Combination of both
3. Optional Add-Ons
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Better Half Benefit: Spouse gets ₹25L or 50% of sum assured
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Accidental Death Benefit
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Critical Illness Rider
4. Easy Purchase & Documentation
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Available online & offline
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Minimal paperwork
Who Should Buy This Plan?
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Young professionals (future-proofing for life milestones)
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Growing families (increasing coverage as responsibilities rise)
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High-risk individuals (accident/critical illness riders available)
Exclusions: Suicide within 1 year of policy inception, pre-existing diseases (if undisclosed)
How to Apply?
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Visit SBI Life’s website or branch
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Choose your coverage type
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Select add-ons (if needed)
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Submit KYC documents (Aadhaar, PAN)
Pro Tip: Use the “Future Proofing” option if you anticipate major life changes.
Why Choose Smart Shield Plus?
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Adapts to life stages without extra medical checks
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Affordable premiums (from ~₹500/month for ₹50L cover)
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Tax benefits under Section 80C & 10(10D)
Verdict: A strong choice for those seeking long-term, adjustable coverage with family protection benefits. Planning to buy? Compare premiums first! #SBILife #TermInsurance