Top 9 SBI Life Insurance Policy / Plans in India

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Friends, let us know today 9 Best SBI Life Insurance Policy in India. Friends, no matter how much you earn in life. All that money is always less for you. Because the expenses are too much to fulfill the shank. But if you want to live a better life then you must learn to save or invest along with expenses. Today we want to tell you about SBI Life Insurance in this article. SBI Life’s Bachat plan gives an individual the motivation to move forward.

Under this SBI insurance, your life insurance cover is also linked together. That’s why this SBI Life Insurance is a very good and reliable insurance. After getting this insurance, you want to travel for your child’s education, for your business or for building your dream home or wherever.

For that, this SBI Life Insurance will help you a lot. So today we are going to tell you some special things about SBI Life Saving Plans in this article.

9 Best SBI Life Insurance Policy in India

Given below is the 9 best SBI Life Insurance Plans List, you can take any of these SBI Life Insurance Plans

  1. SBI Life – Smart Women Advantage 
  2. SBI-Smart Swadhan Plus
  3. SBI Life Smart Humsafar 
  4. SBI Smart Money Planner 
  5. SBI Life-Flexi Smart Plus
  6. SBI Life-Smart Guarantee Saving Plan 
  7. SBI Child Plans 
  8. Smart Champ Insurance 
  9. Smart Scholar

1. SBI Life – Smart Women Advantage

1st Top 9 SBI Life Insurance Policy: Friends, State Bank of India Life Insurance is better for most women. You should understand it like this that this scheme has been made keeping women in the center. Hence the name of this scheme is Smart Women Advantage. SBI has introduced this scheme recently. Due to this scheme, women get life insurance cover whatever they want to invest or the serious diseases seen in women.

This SBI Life Insurance will help in all of them. Even SBI Life has said that it is going with the traditional Advament plan based on individual benefit. In which the concept related to health has been included. Such as when women are pregnant and the complications they have to face at that time or the serious diseases that occur at that time. Or other than that they have other problems.

In that this SBI Life Insurance will give them the benefit. Apart from this, the income tax section which has been fixed for both health benefits as well as life insurance cover under this policy. That is 80D and 80C. Whatever benefits are there under this section, they will be given to women.

Read Also: Has your life insurance policy lapsed? Know when to renew

2. SBI-Smart Swadhan Plus

Now the next plan that we are telling you has 2 benefits, the first advantage is that it will give you safety throughout your life and according to the second planning, it will keep you alive as long as you are alive. Till then it will refund you 100% of the total Basic Amount paid during the entire period as a free amount.

Apart from this, there is another benefit of this plan that the person will also get tax benefit on his premium payment due to section 80C. Apart from this, due to section 10, he will also be given maturity money.

3. SBI Life Smart Humsafar

SBI Life Insurance’s Smart Humsafar Joint Non Linked Participating Endowment Plan is also very good for everyone and especially it is the best scheme for couples. In this, the benefits of savings and insurance cover will be available for the married couple i.e. both husband and wife. This is the first time that such a plan has been found in which both husband and wife will get the benefits of this planning together.

Otherwise, whenever an insurance scheme comes out, both husband and wife have to take separate plans. But under this plan, both husband and wife will get benefits together. The first advantage is that the minimum bonus in this plan is 2.50% for the first 3 years.

And if either of the spouses dies or there is an accident, then at the end of the maturity of this policy, the surviving or surviving partner will be given full amount.

4. SBI Smart Money Planner

Now we are going to talk about the next SBI Life Insurance plan. That is, whatever your family’s regular income is inside it, along with it, you will get the benefits of both security under this plan.

Along with this benefit Endowment Assurance Plan offers the facility of full life cover, regular income on full time benefit payment. Apart from this, it also gives you life cover with it for free without paying any premium.

5. SBI Life-Flexi Smart Plus

Now let’s talk about Flexi Smart Plus plan of SBI Life Insurance. This plan helps you to give height to your dreams and it will also give you full benefits as per the ever changing needs.

The minimum bonus interest rate of 1.00% p.a. is guaranteed for the entire tenure. Apart from this, whatever will be the interim bonus interest rate will be declared at the end of the year and whatever interest will be declared at the end of the year. He will be covered under this policy and the best advantage is that whenever you need money you can withdraw that money from this policy.

6. SBI Life-Smart Guarantee Savings Plan

6th Top 9 SBI Life Insurance Policy: Whatever you save or whatever you invest in Smart Guaranteed Savings Plan. He gets a lot of benefits and along with this benefit, this policy gives you another advantage that insurance cover for your entire family is also included in this plan. If you get this savings policy, then you get many benefits inside it.

Like at the end of every year according to the premium amount, you will get a boost under this policy and the biggest thing is that the person who gets this policy will have to pay the premium only for a limited period of 7 years.

7. SBI Child Plans

We have talked about many plans of life insurance, now let’s talk a little about all the child plans too. All the children also have insurance plans for the children so that they do not get left behind in future due to their congratulations and money in their career.

So one by one we will know about all the child insurance plans. Everyone has two insurance plans for children, let’s know about them in detail.

8. Smart Champ Insurance

Smart Champ Insurance is a non-linked savings plan which is useful for the future studies of your survivor. This plan provides life insurance cover as well as benefits in 4 annual installments (after attaining the age of 18 years).

Major Features

Unfortunate event cover: If the insured person dies before maturity, then his family members are given the sum insured which is 105% of the sum insured.

  • Security: Some amount is provided to your family to meet any immediate calamity.
  • Entry Age: Life Insured: 18-50, Child: 1 to 13
  • Policy Term: 21 – Entry age left.
  • Sum Assured: 100000 to 1cr

9. Smart Scholar

This plan is an individual unit linked plan that helps in securing the future as well as the returns of the financial market.

Major Features

This policy offers dual benefits to survive in your absence. Insured shoom and inbuilt premium payment.

  • Accident Benefit: Sudden Death Benefit, and Permanent Disability Benefit.
  • Premium Paying Term: 5 to 25 years
  • Policy Term: 8 to 25 years
  • Entry Age: 0 to 17

SBI Term Plan Insurance

Let us now also know about some term plans which can give you good benefits if you choose the plan wisely. Everyone has only one term plan.

1. SBI Life– eshield

This plan comes with an individual non linked, non participating pure risk. If you are concerned about the financial protection of your family then this plan is perfect for you. Check SBI Life eShield

  • Level Cover Benefit
  • Increasing Cover Benefit.

Accelerated Terminal Illness benefit is available in both the plans.

2. Level Cover Benefits

  • Under this, the sum assured of the policy remains the same throughout the policy term.
  • You also get protection against terminal illness.
  • If unfortunately death occurs due to the policy or diagnosis of terminal illness, whichever is earlier. So you get the insured amount and the policy will lapse.

3. Increasing Cover Benefit

  • Under this structure the sum assured will increase every 5 years at 10% simple interest rate.
  • Here too you get terminal illness protection.

4. Maturity Benefit

  • Under the eshield term insurance plan, you do not get maturity benefit.
  • Entry age: I 18 years old.
  • Maturity age: 80 years for level cover, 75 for increasing cover.
  • Basic Sum Assured: 350000( Multiple of 100000)
  • Premium payment mode: yearly, half-yearly, quarterly, monthly.

5. Advantages

  • If you do not smoke, you also get a discount on the premium.
  • Medical second opinion

6. Simplicity

You can buy this policy online sitting at home.

7. Security

Provides financial security for your family.

8. Flexibility

You get two structures within one plan. You can choose according to your need.

Learn more these article:

Some FAQs

Q. What is an insurance term plan?

Ans. Term insurance is the simplest and purest form of life insurance. … With term insurance, you can get a life cover (ie sum assured) of a large amount at a relatively low premium rate. In case of death of the Life Assured during the term of the policy, the benefit amount is paid to the nominee.

Q. How good is SBI term insurance?

Ans. SBI Life Term Insurance Plan is one of the complete insurance plans I have taken. The policy is good in service and can be bought online as well. The web service is awesome and the premium is 5% less for women. Policy coverage and claims are high.

Q. SBI Life Smart Shield Plan

Ans. Increasing Term Assurance – An option under which the Sum Assured chosen at the time of inception of the SBI Term Insurance policy increases @ 5% every year and on the death of the Life Assured during the SBI Term Insurance plan term, the Sum Assured as on the date of death is paid Nominated person.

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