SBI Life - Saral Shield
SBI Life - Saral Shield is a traditional non-participating pure term Insurance plan. At an affordable cost, SBI Life Saral Shield provides cover for your family and ensures that a proper safety net is created. Thus, it guarantees that there will be no compromise on your dreams and ambitions for your loved ones.
- Hassle-free, convenient and easy issuance.
- Financial Security.
- Freedom from your liability by choosing one of the following plan options:
Special premium discounts for women
Large sum assured rebates.
Tax benefits* as per prevailing norms under the Income Tax Act, 1961.
- Level Term Assurance;
- Decreasing Term Assurance (Loan Protection);
- Decreasing Term Assurance (Family Income Protection)
- Death Benefit.
- Maturity Benefit: No survival benefit available at the end of the term.
|Age at Entry
||Min: 18 years
Max: 60 years
|Age^ at Maturity
||Max: 65 years
||Level Term Assurance
|Sum Assured (x 50,000/-)
||Min: Rs. 7,50,000
Max: Rs. 24,00,000
||Min: 5 years
Max: 30 years
|Premium Paying Term
||Regular Premium - pay premium till the chosen policy term
Single Premium - pay premium once for coverage till the chosen policy term
||Yearly / Half-yearly / Quarterly / Monthly