The top SBI Life Insurance Plans Are Described Here

Term plans from SBI are a very sought after and popular choice. These protection plans are tailored to provide financial relief and security to a policyholder’s family in the unfortunate event of their demise. The term plans from SBI offer only death benefits but also provide riders that offer additional cover such as accidental death benefits.

Top SBI Life Insurance Plans

Here's a list of the top SBI term plans available: 

SBI Life eShield

Age of Entry: Minimum age is 18 years as at last birthday and maximum age is 65 years as at last birthday. Age at Maturity is 70 years. Policy Term: Minimum Term 5 years and Maximum term 30 years. Sum Assured is minimum sum assured is Rs 25,00,000 and there is no maximum sum assured limit. Premium payment terms are equal to policy terms. Premium payment modes: Yearly, Half-yearly, quarterly and monthly. The plan comes with following riders: Accidental Death Benefit, Accidental total and Permanent Disability and Accelerated critical Illness Cover. The Policy offers Death benefits. The SBI Life policy offers Surrender benefits for single premium policies. There is no survival benefit or paid up value. 

SBI Life - Saral Shield

Age of Entry: Minimum age is 18 years as at last birthday and maximum age is 60 years as at last birthday. Age at Maturity is 65 years. Premium payment terms are equal to policy terms. Premium payment modes: Yearly, Half-yearly, quarterly and monthly for level term assurance. Single premium for decreasing term assurance. Riders available are: Accidental Death Benefit, Accidental total and Permanent Disability and Accelerated critical Illness Cover. The Policy offers Death benefits. 

SBI Life - Grameen Bima

Age of Entry: Minimum age is 18 years as at last birthday and maximum age is 50 years as at last birthday. The policy term is 5 years. Premium payment mode is single. The Policy offers Death benefits equal to the sum assured. The policy offers surrender benefits from the second year onwards. 

SBI Life - Saral Swadhan+

Age of Entry: Minimum age is 18 years as at last birthday and maximum age is 55 years as at last birthday. Age at Maturity: minimum age of maturity is 28 years and maximum age of maturity is 70 years. Policy Term: minimum term 10 years and maximum term 15 years. Premium payment terms are 10 years. Premium payment modes are yearly. The policy offers death benefits. The policy offers maturity benefits. The policy offers paid up value. 

Conclusion

Anyone who has ever taken an insurance policy would know that the insurer sometimes asks you to submit a medical report as proof of good health and insurability. This is done by the insurer to ensure that the applicant is not suffering from any serious or critical illness which may be life threatening, which in turn drives up the risk factor greatly. However, not every insurer offering a term plan would require you to submit a medical report for the purpose of applying and purchasing an insurance policy.

Also Read: Why Is It Advantageous To Purchase Term Insurance Policy Online?