Archive · 14 Aug 2025
SBI Life Launches 'Smart Shield Plus' Term Insurance
SBI Life has introduced a new term insurance plan called 'Smart Shield Plus'.
This plan offers different options, including one where the amount of money covered increases over time.
There's also an option to increase the coverage when important life events happen, like getting married or buying a house.
The plan provides flexibility in how the money is paid out, such as in one lump sum or in installments.
It also has extra features, like extra money for your spouse if something happens to you, and coverage for accidents.
SBI Life has launched 'SBI Life - Smart Shield Plus,' a flexible term insurance plan.
The plan offers Level Cover, Increasing Cover, and Level Cover with future-proofing.
Increasing Cover Benefit increases the sum assured by 5% annually, up to 200%.
Policyholders can increase their sum assured upon major life events.
Optional features include a 'Better Half Benefit' and Accident Benefit Riders.
- Who
- SBI Life
- What
- SBI Life launched a new term insurance plan called 'SBI Life - Smart Shield Plus'.
- When
- The launch was announced in a statement.
- Where
- N/A
- Why
- To address the evolving protection needs of today’s consumers.
- Product Name
- SBI Life - Smart Shield Plus
- Plan Options
- Level Cover, Increasing Cover, Level Cover with future-proofing
- Increasing Cover Benefit
- 5% annual increase, up to 200%
- Future-Proofing Events
- Marriage, Childbirth, Home Purchase
- Death Benefit Payout
- Lump sum, installments, or both
- Better Half Benefit
- Additional life cover for the surviving spouse
- Optional Riders
- SBI Life - Accident Benefit Riders