Insurance

Life Smart Shield Plus

An individual, non-linked, non-participating pure-risk term plan with level, increasing and future-proofing cover options.

Policy typeIndividual, non-linked, non-participating pure-risk term insurance Published premium floorSingle premium from ₹12,000; other premium modes from ₹2,500 annually, ₹1,275 half-yearly or ₹210 monthly, before taxes Entry ageMinimum 18 years for non-whole-life cover and 45 years for whole-life cover; maximum varies by option and payment mode

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✓ Manually checked 23 Aug 2026 · active

Offered byState Bank of India

India, subject to Life underwriting and policy terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Policy typeIndividual, non-linked, non-participating pure-risk term insuranceView source

Life describes Smart Shield Plus as an individual, non-linked, non-participating life-insurance pure-risk product.

Source: Life Smart Shield Plus
Page / section: Product overview
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Published premium floorSingle premium from ₹12,000; other premium modes from ₹2,500 annually, ₹1,275 half-yearly or ₹210 monthly, before taxesView source

The official product page publishes the minimum premium for each available payment frequency, excluding applicable taxes and underwriting extras.

Source: Life Smart Shield Plus
Page / section: Who Can Buy — Premium Amount
Accessed: 23 Aug 2026
Confidence: high

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Entry ageMinimum 18 years for non-whole-life cover and 45 years for whole-life cover; maximum varies by option and payment modeView source

The official eligibility table gives separate minimum ages for whole-life and other-than-whole-life options and publishes option-specific maximum ages.

Source: Life Smart Shield Plus
Page / section: Who Can Buy — Age at Entry
Accessed: 23 Aug 2026
Confidence: high

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Key coverageLevel cover, increasing cover (sum assured increases 5% each year) or level cover with future-proofing; optional Better Half Benefit and Accident Benefit Rider; cover option up to age 100View source

The product page lists the three cover options, Better Half Benefit, accident rider and whole-life cover option.

Source: Life Smart Shield Plus
Page / section: Features and plan options
Accessed: 23 Aug 2026
Confidence: high

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InsurerSBI Life Insurance Company LimitedView source

Life's official catalogue lists these individual and group products under Life Insurance Company Limited.

Source: Life online plans and group insurance catalogue
Page / section: Life plan catalogue
Accessed: 23 Aug 2026
Confidence: high

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Sum assuredMinimum sum assured ₹25 lakh, in multiples of ₹1 lakh; maximum has no fixed limit and is subject to SBI Life's Board-approved underwriting policy.Effective 28 Aug 2026View source

Minimum ₹25,00,000; maximum no limit, subject to the Board approved Underwriting Policy.

Source: Life Smart Shield Plus
Page / section: Who Can Buy — Sum Assured
Accessed: 28 Aug 2026
Confidence: high

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Policy termSingle or regular pay: 5 years to 79 years less age at entry; limited pay: 15–30 years for other-than-whole-life cover depending on payment term, or whole-life cover up to age 100. Increasing Cover requires at least a 10-year policy term.Effective 28 Aug 2026View source

The official table lists 5 years to 79 less age at entry for single/regular pay, 15 years to 79 less age at entry for 10-year limited pay and longer minimum terms for longer limited-pay options; increasing cover requires at least 10 years.

Source: Life Smart Shield Plus
Page / section: Who Can Buy — Policy Term / Premium Payment Term
Accessed: 28 Aug 2026
Confidence: high

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Key exclusionsSuicide claim provision: if death due to suicide occurs within 12 months from commencement of risk or from revival, the nominee or beneficiary receives 80% of total premiums paid to the date of death or the unexpired risk premium value at death, whichever is higher, provided the policy is in force.View source

The current product page publishes the 12-month suicide window and the higher-of 80%-of-premiums or unexpired-risk-premium-value payment rule.

Source: Life Smart Shield Plus — official product page
Page / section: Exclusions — Suicide Claim provision
Accessed: 28 Aug 2026
Confidence: high

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Grace period30 days from the premium due date for yearly and half-yearly modes, and 15 days for monthly mode. This applies to regular- and limited-pay policies; cover remains in force during the grace period, subject to the policy's recovery terms.View source

The policy publishes 30-day yearly/half-yearly and 15-day monthly grace periods and explains that the policy remains in force during grace.

Source: Life Smart Shield Plus Policy Document ( 111N150V01)
Page / section: Customer Information Sheet page 6; Part C clause 9, pages 27–28
Accessed: 29 Aug 2026
Confidence: high

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Free-look period30 days from receipt of the policy document, subject to the policy's cancellation and refund conditions.View source

The customer information sheet and policy definitions provide a 30-day free-look period from receipt of the policy document.

Source: Life Smart Shield Plus Policy Document ( 111N150V01)
Page / section: Customer Information Sheet page 6; Part C IV clause 1
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Revival periodA lapsed regular- or limited-pay policy may be revived within five consecutive complete years from the first unpaid premium and before policy expiry, subject to payment of overdue premiums with interest and acceptance by SBI Life. Single-pay policies do not lapse.View source

The policy states five consecutive complete years for revival and distinguishes single-pay from regular/limited-pay lapse treatment.

Source: Life Smart Shield Plus Policy Document ( 111N150V01)
Page / section: Customer Information Sheet page 6; Part C clauses 10–12, pages 27–30
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Surrender termsRegular-pay policies: no surrender benefit. Single-pay policies: surrender is allowed during the policy term and pays Unexpired Risk Premium Value equal to 70% of single premium multiplied by unexpired policy term divided by original policy term. Limited-pay policies: surrender is available after premiums have been paid in full for at least the first two policy years, with the applicable Unexpired Risk Premium Value formula.View source

The policy's non-forfeiture section sets different surrender treatment for regular, single and limited pay options and publishes the single-pay formula.

Source: Life Smart Shield Plus Policy Document ( 111N150V01)
Page / section: Customer Information Sheet page 6; Part C clause 11, pages 28–29
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Geographic limitsLevel cover, increasing cover (sum assured increases 5% each year) or level cover with future-proofing; optional Better Half Benefit and Accident Benefit Rider; cover option up to age 100View source

The manually reviewed product record states: “Level cover, increasing cover (sum assured increases 5% each year) or level cover with future-proofing; optional Better Half Benefit and Accident Benefit Rider; cover option up to age 100”.

Source: Life Smart Shield Plus — official product page
Page / section: Published product metadata
Accessed: 23 Aug 2026
Confidence: high

Open official source ↗

Benefits and features

Three term-cover options
Optional Better Half Benefit
Optional Accident Benefit Rider

Eligibility

Minimum entry age depends on whole-life selection
Maximum entry and maturity ages vary by plan and payment mode

Passing a listed condition does not mean the bank will approve an application.

Try the numbers

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Life-cover needs estimate

See whether your current cover and savings may leave a gap for your family. This does not calculate an insurance premium.

Yearly household income to replaceThe income your family may need to replace.₹ten lakh rupees₹1,00,000₹1,00,00,000Years of income neededHow long your family may need that replacement income. years1 years30 yearsLoans still to be paidHome loans and other debts the cover may need to clear.₹twenty lakh rupees₹0₹5,00,00,000Cover and savings already availableExisting life cover and money already set aside for the family.₹five lakh rupees₹0₹5,00,00,000

Possible cover gap₹1,15,00,000one crore fifteen lakh rupees

Income your family may need₹1,00,00,000one crore rupees

Cover and savings already counted₹5,00,000five lakh rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Parameter

Product type · Published detailIndividual, non-linked, non-participating pure-risk term insurance.

This value is copied from Life Smart Shield Plus — published terms. Check the table notes before relying on it.

Source: Smart Shield Plus — Life Insurance · Features and plan options; Who Can Buy; Exclusions; linked policy document Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 8 rows · 2 columnsSBI Life Smart Shield Plus — published termsTerm-plan cover, premium, entry rules, options and policy conditions from SBI Life's product page and policy document.View tableHide table

Scroll sideways to view every column

SBI Life Smart Shield Plus — published terms
Parameter	Published detail
Product type	Individual, non-linked, non-participating pure-risk term insurance.
Premium	Single premium from ₹12,000; other modes from ₹2,500 annually, ₹1,275 half-yearly or ₹210 monthly, before taxes.
Entry / sum assured	Minimum entry age 18 for non-whole-life cover and 45 for whole-life cover. Minimum sum assured ₹25 lakh in ₹1 lakh multiples; maximum is under board-approved underwriting.
Cover options	Level cover, increasing cover (sum assured rises 5% each year) or level cover with future-proofing; optional Better Half Benefit and Accident Benefit Rider; cover option up to age 100.
Policy term	Single or regular pay: 5 years to 79 years less age at entry. Limited pay: 15–30 years for non-whole-life or whole-life cover up to age 100; increasing cover needs at least a 10-year term.
Grace / free look	30 days for yearly and half-yearly modes; 15 days for monthly. Free-look period is 30 days from receipt of the policy document.
Revival / surrender	Regular or limited pay may be revived within five consecutive complete years. Regular-pay policies have no surrender benefit; single-pay and fully paid limited-pay policies follow the published unexpired-risk-premium rules.
Policy loan / suicide	No policy loan. Suicide within 12 months of commencement or revival pays 80% of premiums paid or the unexpired risk premium value, whichever is higher, while the policy is in force.

Smart Shield Plus — Life Insurance · Features and plan options; Who Can Buy; Exclusions; linked policy document · accessed 31 Aug 2026Open official source ↗

Life Smart Shield Plus

What the official sources publish

Benefits and features

Eligibility

Related official documents

Try the numbers

Life-cover needs estimate

Find the exact published value

Complete rates, limits and schedules

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