SBI Life Launches Smart Shield Plus: A Flexible Term Insurance Plan for Evolving Needs

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

• Level Cover: Fixed sum assured throughout the policy term

• Increasing Cover: Sum assured increases by 5% yearly (up to 200% max)

• Level Cover with Future Proofing: Increase coverage at key life stages (marriage, child’s birth) without medical tests

2. Flexible Death Benefit Payout

• Lump-sum payment

• Instalments (monthly/quarterly/yearly)

• Combination of both

3. Optional Add-Ons

• Better Half Benefit: Spouse gets ₹25L or 50% of sum assured

• Accidental Death Benefit

• Critical Illness Rider

4. Easy Purchase & Documentation

• Available online & offline

• Minimal paperwork

Who Should Buy This Plan?

• Young professionals (future-proofing for life milestones)

• Growing families (increasing coverage as responsibilities rise)

• High-risk individuals (accident/critical illness riders available)

Exclusions: Suicide within 1 year of policy inception, pre-existing diseases (if undisclosed)

How to Apply?

1. Visit SBI Life’s website or branch

2. Choose your coverage type

3. Select add-ons (if needed)

4. Submit KYC documents (Aadhaar, PAN)

Pro Tip: Use the “Future Proofing” option if you anticipate major life changes.

Why Choose Smart Shield Plus?

• Adapts to life stages without extra medical checks

• Affordable premiums (from ~₹500/month for ₹50L cover)

• 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