Insurance

Life Smart Shield Premier

An individual, non-linked, non-participating pure-risk term plan offering level or increasing life cover with optional accident protection.

Policy typeIndividual, non-linked, non-participating pure-risk term insurance Entry agesMinimum entry age 18 years; maximum entry age 60 years. Maximum maturity age is 85 years.InsurerSBI Life Insurance Company Limited

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✓ Manually checked 30 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 Premier as an individual, non-linked, non-participating life-insurance pure-risk product.

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

Open official source ↗

Premium rangeMinimum premium: ₹9,500 yearly, ₹4,500 half-yearly or ₹800 monthly. Maximum premium is not capped on the page and is subject to Board-approved underwriting. Half-yearly premium is 51% of annualised premium; monthly is 8.50% of annualised premium.View source

The official premium table lists ₹9,500/₹4,500/₹800 minimums and the modal-premium formulas.

Source: Life Smart Shield Premier
Page / section: Who Can Buy — Premium table
Accessed: 29 Aug 2026
Confidence: high

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Entry agesMinimum entry age 18 years; maximum entry age 60 years. Maximum maturity age is 85 years.View source

The official table gives age at entry 18–60 and maximum maturity age 85.

Source: Life Smart Shield Premier
Page / section: Who Can Buy — Age at Entry and Maximum Age at Maturity
Accessed: 29 Aug 2026
Confidence: high

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Key coverageLevel Cover keeps the original sum assured level; Increasing Cover adds 10% at the end of every 5th policy year up to 100% of the original sum assured, stopping after age 71. Death benefit is payable during the in-force policy term. No maturity benefit is payable. Optional SBI Life Accident Benefit Rider offers accidental-death and accidental-partial-permanent-disability options.View source

The page sets out the level/increasing options, no maturity benefit and optional Accident Benefit Rider.

Source: Life Smart Shield Premier
Page / section: Features, Plan Benefits and Rider
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

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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Policy termMinimum policy term 10 years; maximum is 85 years minus age at entry. Regular premium term equals the policy term. Limited premium options are 5, 10, 15, 20 or 25 years, with policy-term combinations constrained by the published table.View source

The official table publishes a 10-year minimum, an 85-minus-entry-age maximum and limited-pay terms of 5–25 years.

Source: Life Smart Shield Premier
Page / section: Who Can Buy — Policy Term and Premium Payment Term
Accessed: 29 Aug 2026
Confidence: high

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Sum insured / coverMinimum sum assured is ₹2,00,00,000 in ₹1,00,000 multiples. The maximum is not fixed on the product page and is subject to the Board-approved underwriting policy. Sum Assured on Death is the highest of the absolute amount assured, 11 × annualised premium or 105% of total premiums paid; increasing cover rises by 10% at the end of every 5th policy year up to 100% of the original sum assured, with no further increase after age 71.View source

The live table publishes a ₹2 crore minimum in ₹1 lakh multiples and the benefit section sets the death-benefit formula and increasing-cover schedule.

Source: Life Smart Shield Premier
Page / section: Plan Benefits and Who Can Buy — Sum Assured
Accessed: 29 Aug 2026
Confidence: high

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Waiting periodNo separate general medical or claim waiting period is published in the reviewed product page or policy document. The only time-based claim restriction published is the 12-month suicide exclusion from commencement of risk or revival; normal cover applies once risk starts and the policy is in force.Effective 2 Sept 2024View source

The full official page and policy source set contains no general waiting-period clause; it specifies only the 12-month suicide exclusion.

Source: Life Smart Shield Premier — reviewed official source set
Page / section: Customer Information Sheet pages 6–8; Part C clause 9.2, page 26; product page Exclusions
Accessed: 29 Aug 2026
Confidence: high

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Key exclusionsSuicide within 12 months from commencement of risk or revival is excluded from the death benefit; the claimant receives the higher of 80% of total premiums paid or the Unexpired Risk Premium Value, provided the policy is in force. The pure-risk policy has no other general exclusion list on its product page; the optional Accident Benefit Rider has separate terms and exclusions.View source

The official page publishes the 12-month suicide rule and directs customers to separate rider documents for rider exclusions.

Source: Life Smart Shield Premier
Page / section: Exclusions — Suicide Exclusion
Accessed: 29 Aug 2026
Confidence: high

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Grace period30 days from the premium due date for yearly and half-yearly frequencies; 15 days for monthly frequency. The policy remains in force during the grace period; non-payment after it causes lapse.Effective 2 Sept 2024View source

The policy states 30 days for yearly/half-yearly and 15 days for monthly payment modes.

Source: Life Smart Shield Premier Policy Document
Page / section: Customer Information Sheet page 7; Part C clause 5, page 23
Accessed: 29 Aug 2026
Confidence: high

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Free-look period30 days from receipt of the policy document. A written cancellation request with reasons is required and no claim may have been made; the refund deducts proportionate risk premium, stamp duty and medical expenses where applicable.Effective 2 Sept 2024View source

The policy provides 30 days and publishes the cancellation and refund deductions.

Source: Life Smart Shield Premier Policy Document
Page / section: Welcome letter page 1; Part C IV clause 1, page 26
Accessed: 29 Aug 2026
Confidence: high

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Revival periodA lapsed 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, health declaration/medical underwriting and SBI Life acceptance.Effective 2 Sept 2024View source

The policy states five consecutive complete years for revival and requires dues, interest and continued insurability.

Source: Life Smart Shield Premier Policy Document
Page / section: Customer Information Sheet page 7; Part D clause 7, pages 24–25
Accessed: 29 Aug 2026
Confidence: high

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Surrender benefitRegular-premium policies acquire no surrender value. Limited-premium policies may surrender after premiums have been paid in full for at least the first two policy years and receive an Unexpired Risk Premium Value calculated under the policy formula; surrender ends all cover and rider benefits.Effective 2 Sept 2024View source

The policy differentiates regular and limited premium surrender values and requires two full paid policy years for limited pay.

Source: Life Smart Shield Premier Policy Document
Page / section: Customer Information Sheet page 6; Part D clause 6.3, pages 24–25
Accessed: 29 Aug 2026
Confidence: high

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Policy chargesThere are no charges under the base Smart Shield Premier policy. Premiums, applicable taxes and optional rider premiums remain payable.Effective 2 Sept 2024View source

Clause 11.1 states that there are no charges under this policy.

Source: Life Smart Shield Premier Policy Document
Page / section: Part E clause 11, page 28
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Claim documentsDeath claims require the policy document, valid death certificate, claimant KYC, valid bank-account proof, claimant statement and prescribed claim forms; hospital or medical records, police/FIR report for accidents and other supporting documents may be requested. Surrender requires the policy document, KYC, bank-account details and discharge form.Effective 2 Sept 2024View source

The claims and surrender sections enumerate the required core documents and conditional records.

Source: Life Smart Shield Premier Policy Document
Page / section: Customer Information Sheet pages 7–8; Part C III and claim clauses, pages 26–27
Accessed: 29 Aug 2026
Confidence: high

Open official source ↗

Geographic limitsLevel Cover keeps the original sum assured level; Increasing Cover adds 10% at the end of every 5th policy year up to 100% of the original sum assured, stopping after age 71. Death benefit is payable during the in-force policy term. No maturity benefit is payable. Optional SBI Life Accident Benefit Rider offers accidental-death and accidental-partial-permanent-disability options.View source

The manually reviewed product record states: “Level Cover keeps the original sum assured level; Increasing Cover adds 10% at the end of every 5th policy year up to 100% of the original sum assured, stopping after age 71. Death benefit is payable during the in-force policy term. No maturity benefit is payable. Optional Life Accident Benefit Rider offers accidental-death and accidental-partial-permanent-disability options.”.

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

Open official source ↗

Benefits and features

Level or increasing cover
Optional Accident Benefit Rider

Eligibility

Minimum entry age 18 years
Maximum age and underwriting are option-specific

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

Documents the bank lists

policy document
death certificate
claimant
claimant bank-account proof
claimant statement and claim forms
hospital/medical records where applicable
police/ report for accident
other documents requested by Life
bank-account details
discharge form

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

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Parameter

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

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

Source: Smart Shield Premier — Life Insurance · Who Can Buy; Features; Plan Benefits; 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 · 9 rows · 2 columnsSBI Life Smart Shield Premier — published termsTerm-plan premium, cover, age, 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 Premier — published terms
Parameter	Published detail
Product type	Individual, non-linked, non-participating pure-risk term insurance.
Premium	Minimum ₹9,500 yearly, ₹4,500 half-yearly or ₹800 monthly. Maximum is not capped on the page and remains subject to board-approved underwriting.
Entry / maturity age	Entry age 18–60 years; maximum maturity age 85 years.
Sum assured	Minimum ₹2,00,00,000 in ₹1,00,000 multiples; maximum is under board-approved underwriting. Sum Assured on Death is the highest of absolute sum assured, 11× annualised premium or 105% of total premiums paid.
Cover options	Level cover or increasing cover; increasing cover adds 10% at the end of every fifth policy year up to 100% of original sum assured, stopping after age 71. Optional Accident Benefit Rider is available.
Policy term / payment term	Minimum policy term 10 years; maximum 85 years minus entry age. Regular premium equals policy term; limited-pay choices are 5, 10, 15, 20 or 25 years under the published combinations.
Charges / policy loan	No charges under the base policy; taxes and optional rider premiums remain payable. No policy loan is available.
Grace / free look / revival	30 days for yearly and half-yearly premiums; 15 days for monthly. Free look is 30 days. Lapsed policies may be revived within five complete years, subject to dues, health evidence and acceptance.
Claims / suicide	Claims require policy, death certificate, claimant and bank proof; medical or police records may be requested. Suicide within 12 months pays the higher of 80% of premiums paid or unexpired risk premium value.

Smart Shield Premier — Life Insurance · Who Can Buy; Features; Plan Benefits; Exclusions; linked policy document · accessed 31 Aug 2026Open official source ↗

Life Smart Shield Premier

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Life-cover needs estimate

Find the exact published value

Complete rates, limits and schedules

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