SBI Life Smart Shield Plus: Features of the New Term Plan
Why in the news
SBI Life brought out a term plan for changing protection needs, giving life cover alone.
Key facts
- Type: individual, non-linked, non-participating, pure risk.
- Whole life up to age 100 or limited term; cheaper premiums for female lives.
| Option | How cover works |
|---|---|
| Level Cover | Fixed sum assured |
| Increasing Cover | Rises 5% yearly, capped at 200% |
| Future Proofing | Raise cover at marriage or childbirth, no medical underwriting |
Exam angle
- Product: Smart Shield Plus by SBI Life.
- Maximum whole-life cover age: 100.