SBI Life
Saathi Apni Zindagi Ka
SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif. Being backed by India's largest bank, SBI Life offers accessible insurance solutions.
2001
Founded
98.71%
Claims Ratio
8
Insurance Plans
4.8★
Customer Rating
Term Insurance Plans
Pure risk term plans from India's most trusted bank
SBI Life Smart Shield Plus
UIN: 111N145V01 - Pure risk term plan starting ₹210/month with 3 flexible cover options
₹210/Month
Premium
Up to ₹1 Crore
Coverage
10-50 Years
Policy Term
₹25 Lakh
Min Sum Assured
Benefits
Key Features
- 3 cover options: Level Cover, Increasing Cover, Level Cover with Future Benefit
- Flexible premium payment - Monthly, Quarterly, Half-yearly, Annual
- High sum assured discount up to 15%
- Terminal illness benefit - early payout of sum assured
- Critical illness rider available with 36 critical illnesses
- Accidental death and disability benefit rider
Available Riders
SBI Life Smart Shield Premier
High coverage pure risk plan building a strong financial foundation for your family
₹350/Month
Premium
Up to ₹2 Crore
Coverage
10-50 Years
Policy Term
₹50 Lakh
Min Sum Assured
Benefits
Key Features
- High coverage pure risk term plan for enhanced protection
- Flexible premium payment - Annual, Half-yearly, Quarterly, Monthly
- Option to receive death benefit in lump sum or monthly installments
- Waiver of premium on permanent disability
- Critical illness cover with 36 critical illnesses covered
- Terminal illness benefit for early claim settlement
Available Riders
Endowment / Savings Plans
Guaranteed returns and wealth creation with SBI's trust
SBI Life Smart Platina Supreme
Guaranteed returns savings plan with structured payouts and tax benefits under 80C
₹150/Day
Premium
Guaranteed Returns + Life Cover
Coverage
12-30 Years
Policy Term
₹3 Lakh
Min Sum Assured
Benefits
Key Features
- Guaranteed returns throughout the policy term
- Structured payouts at regular intervals
- Guaranteed additions accrued every year
- Terminal bonus for long-term policyholders
- Loan facility available up to 80% of surrender value
- Paid-up value and surrender value options
Available Riders
SBI Life Smart Lifetime Saver
Long-term savings with guaranteed additions combining life cover and wealth creation
₹180/Day
Premium
Guaranteed Additions + Life Cover
Coverage
Whole Life
Policy Term
₹5 Lakh
Min Sum Assured
Benefits
Key Features
- Guaranteed additions every year throughout the policy term
- Long-term savings with life cover for the whole life
- Wealth creation with compounded guaranteed additions
- Flexible death benefit payout options
- Loan facility available after 3 years
- Guaranteed maturity benefit at end of premium paying term
Available Riders
Money Back Plans
Regular money back payouts with life cover
SBI Life Smart Money Back Plus
Regular money back payouts during policy tenure providing periodic cash flow + life cover
₹100/Day
Premium
₹15 Lakh + Bonuses
Coverage
15-25 Years
Policy Term
₹2 Lakh
Min Sum Assured
Benefits
Key Features
- Regular money back payouts every 5 years during policy tenure
- Periodic cash flow to meet financial goals
- Reversionary bonuses declared annually
- Final bonus for long-term policyholders
- Loan facility available after 3 years
- Paid-up value and surrender value options
Available Riders
ULIP / Investment Plans
Market-linked growth with SBI's financial expertise
SBI Life Smart Fortune Builder
12 unit-linked fund options with guaranteed additions at maturity and market-linked returns
₹150/Day
Premium
Market Linked Returns + Life Cover
Coverage
10-30 Years
Policy Term
Higher of 10x Annualized Premium or Sum Assured chosen
Min Sum Assured
Benefits
Key Features
- 12 unit-linked fund options to choose from
- Guaranteed additions at maturity for enhanced returns
- Fund switching facility - move between equity and debt
- Partial withdrawals available from year 5
- Top-up facility to increase investments systematically
- Loyalty additions from year 5 for regular premium payers
Available Riders
Pension / Retirement Plans
Secure retirement with SBI's guaranteed pension plans
SBI Life Smart Annuity Income
Post-retirement income with guaranteed annuity and flexible immediate/deferred options
₹200/Day
Premium
Guaranteed Annuity for Life
Coverage
Whole Life
Policy Term
Based on purchase price
Min Sum Assured
Benefits
Key Features
- Guaranteed annuity income for life after retirement
- Immediate annuity - pension starts from next month
- Deferred annuity option to start pension at a later date
- Joint life annuity for spouse continuation
- Multiple annuity options to choose from
- Return of purchase price option for nominees
Child Plans
SBI's child plans for secure education future
SBI Life Smart Future Star
Child education planning with guaranteed returns, premium waiver, and flexible payout at milestones
₹75/Day
Premium
₹15 Lakh + Guaranteed Returns
Coverage
Child's age 25 years
Policy Term
₹3 Lakh
Min Sum Assured
Benefits
Key Features
- Guaranteed returns for child's education planning
- Premium waiver benefit if proposer passes away
- Flexible payout at educational milestones (12th, Graduation, Post-graduation)
- Guaranteed additions every year during the policy term
- Bonus participation throughout the policy term
- Loan facility available after 3 years
Available Riders
Why Choose SBI Life?
High Claim Settlement
SBI Life has a claim settlement ratio of 98.71%, ensuring your family gets the benefits when they need it most.
Trusted Brand
With a legacy since 2001, SBI Life is one of the most trusted insurance brands in India.
Innovative Products
SBI Life offers 8 innovative insurance solutions across 6 categories tailored to your needs.
Need Help Choosing the Right SBI Life Plan?
Our AI-powered advisor can help you find the perfect SBI Life plan from 8 options based on your financial profile and needs.