SBI Life Smart Shield Plus Plan 2025 – Features, Benefits, and FAQs
SBI Life – Smart Shield Plus is a comprehensive life insurance policy that offers financial security and peace of mind for you and your loved ones. As a pure protection plan, it ensures that your family remains financially stable even in your absence. With flexible options, affordable premiums, and lifelong coverage, this plan is designed to suit your protection needs at every stage of life.
Discover SBI Life Smart Shield Plus – a pure protection term plan offering flexible cover options, life protection up to 100 years, tax benefits, and optional rider benefits.
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| SBI Life Smart Shield Plus Plan 2025 – Features, Benefits, and FAQs |
🌟 What is SBI Life – Smart Shield Plus?
SBI Life – Smart Shield Plus (UIN: 111N150V01) is an Individual, Non-Linked, Non-Participating, Pure Risk Life Insurance Product.
This means it’s a pure protection plan that focuses solely on providing life cover and does not have any investment or market-linked components.
It’s ideal for individuals who want simple, affordable, and long-term protection for their families without the complexity of investment-linked insurance.
🔑 Key Features of SBI Life – Smart Shield Plus
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Affordable Life Protection
The plan provides high-value life insurance coverage at an economical cost, making it accessible to most families. -
Three Plan Options to Choose From
SBI Life offers flexibility through three unique plan options:-
Level Cover Benefit: The sum assured remains constant throughout the policy term.
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Increasing Cover Benefit: The sum assured increases every year to keep pace with inflation and your growing responsibilities.
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Level Cover with Future Proofing Benefit: You can increase your life cover at key milestones such as marriage, childbirth, or home purchase.
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Optional Better Half Benefit
With this feature, you can extend the protection to your spouse under the same plan, ensuring complete family security. -
Life Cover Till 100 Years
Choose between Whole Life coverage (up to age 100) or limited coverage (up to 79 years) depending on your financial goals. -
Flexible Premium Payment Options
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Regular Pay: Pay premiums throughout the policy term.
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Limited Pay: Pay for a specific period while enjoying coverage for the entire policy term.
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Single Pay: Pay just once and enjoy life cover for the selected duration.
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Discounts and Special Benefits
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Lower rates for higher sum assured.
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Lower premium rates for female policyholders.
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Enhanced Protection with Optional Rider
You can boost your protection by adding the SBI Life – Accident Benefit Rider#, which provides additional coverage in case of accidental death. -
Tax Benefits*
Avail tax deductions on premiums paid and benefits received under the Income Tax Act, 1961, as per prevailing norms.
🧩 Plan Options Explained in Detail
1️⃣ Level Cover Benefit
The sum assured remains fixed throughout the policy term.
Ideal for individuals who want predictable coverage without any fluctuations.
Example: If your sum assured is ₹50 lakh, it stays ₹50 lakh for the entire duration.
2️⃣ Increasing Cover Benefit
Here, the sum assured increases at a fixed rate (for example, 10% per year) until it doubles the base amount or reaches a pre-defined limit.
Perfect for those who expect their financial obligations to grow with time.
3️⃣ Level Cover with Future Proofing Benefit
This unique option allows you to increase your life cover at specific life events such as:
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Marriage
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Birth or adoption of a child
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Purchase of a new home
This ensures your life cover always matches your evolving responsibilities.
❤️ Better Half Benefit
This optional feature extends life cover to your spouse after your demise.
It ensures that your spouse continues to enjoy life insurance protection, even when you are no longer around.
Key Highlights:
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Provides peace of mind for dual-income or dependent families.
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Helps in ensuring continued financial stability for the surviving partner.
💰 Premium Payment Options
SBI Life – Smart Shield Plus offers three flexible ways to pay your premium:
| Payment Type | Description |
|---|---|
| Regular Pay | Pay premiums regularly throughout the policy term. |
| Limited Pay | Pay for a limited duration (for example, 10 or 15 years) but enjoy full-term protection. |
| Single Pay | One-time payment that covers the entire policy term. |
This flexibility helps you align your premium payments with your financial capabilities and goals.
📈 Additional Benefits
1. Lower Premiums for Higher Sum Assured
If you opt for a higher life cover, SBI Life rewards you with lower premium rates per lakh of coverage.
2. Special Discounts for Women
Female policyholders get additional premium discounts, recognizing their essential contribution to family well-being.
3. Accident Benefit Rider#
Add this optional rider for enhanced protection.
It provides an additional sum assured in case of death due to an accident.
🧮 Example Scenario
Let’s understand with an example:
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Age: 35 years
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Policy Term: 20 years
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Sum Assured: ₹50 lakh
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Plan Option: Level Cover Benefit
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Premium Payment: Regular Pay
Based on these details, the premium would be affordable and competitive, providing a strong safety net for the insured’s family.
📜 Eligibility Criteria
| Parameter | Details |
|---|---|
| Entry Age (Minimum) | 18 years |
| Entry Age (Maximum) | Varies by option (up to 65 years) |
| Maximum Maturity Age | Up to 100 years (Whole Life) or 79 years (Other Plans) |
| Minimum Sum Assured | ₹25,00,000 |
| Policy Term | As per chosen plan (varies) |
| Premium Payment Options | Single, Limited, or Regular Pay |
(Exact eligibility details depend on the plan variant chosen.)
💸 Tax Benefits
Under Section 80C of the Income Tax Act, 1961, premiums paid toward this policy are eligible for deduction.
Additionally, the benefits received under Section 10(10D) are tax-free, subject to conditions.
(Tax laws are subject to change as per government regulations.)
🏦 Why Choose SBI Life – Smart Shield Plus?
✅ Comprehensive Coverage: Life cover up to 100 years.
✅ Flexible Options: Choose the plan and payment method that fits your needs.
✅ Optional Benefits: Add riders and spouse coverage for total protection.
✅ Affordable Premiums: Cost-effective protection for your family.
✅ Trusted Brand: Backed by SBI Life – one of India’s leading and most trusted insurers.
⚠️ Important Notes
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#The Accident Benefit Rider is optional and available at an additional cost.
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Tax benefits are subject to changes in prevailing tax laws.
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Please read the sales brochure and policy document carefully before investing.
❓ FAQs – SBI Life Smart Shield Plus
1. What type of plan is SBI Life Smart Shield Plus?
It is a pure protection term insurance plan that offers only life cover without any investment component.
2. Can I get life cover till 100 years?
Yes, under the Whole Life option, you can get coverage up to 100 years of age.
3. What are the available premium payment options?
You can choose Single Pay, Limited Pay, or Regular Pay as per your convenience.
4. Is there any maturity benefit in this plan?
No, as this is a pure protection plan, there is no maturity or survival benefit.
5. What is the Better Half Benefit?
This optional feature provides life cover to your spouse after your demise, ensuring continued protection for your family.
6. Can I enhance my coverage later?
Yes, under the Future Proofing Benefit, you can increase your sum assured at major life events.
7. Is there any tax benefit?
Yes, you can claim deductions on premiums under Section 80C, and benefits are exempt under Section 10(10D) as per prevailing laws.
🧭 Final Thoughts
SBI Life – Smart Shield Plus is an excellent term insurance option for those looking for affordable, flexible, and long-term financial protection.
With multiple plan choices, life cover up to 100 years, and additional rider benefits, it ensures that your loved ones remain financially secure — no matter what life brings.
Backed by the trust of SBI Life Insurance, this plan is a perfect combination of simplicity, reliability, and value.
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