SBI Life Saral Shield | Key Features

SBI Life – Saral Shield is a traditional non-participating pure term plan, At a nominal cost, Saral Shield provides cover for your family and ensures that a proper protection net is created. Thus, it guarantees that there will be absolutely no compromise on your dreams and ambitions for your loved ones, at all times.

Key Features:

• Hassle-free, suitable and easy issuance.

• Complete Financial Security at truly lower costs.

• Wide varieties of plan options to give you complete freedom from your liabilities.

Attractive large sum assured rebates.

• Enhance your protection by availing two riders- Accidental Death Benefit Rider and Accidental Total and Permanent Disability Rider.

• Tax benefits as per prevailing norms under the Income Tax Act, 1961

Product Snapshot:

Age at Entry	Min: 18 years	Max: 60 years
Age at Maturity	Max: 65 years
Plan Options	Level Term Assurance Decreasing Term Assurance (Loan Protection) Decreasing Term Assurance (Family Income Protection)
Sum Assured(x 50,000/-)	Min: Rs. 7,50,000 Max: Rs. 24,00,000
Policy Term	Min: 5 years Max: For Level Term Assurance and Decreasing Term Assurance (Family Income Protection) – 30 years For Decreasing Term Assurance (Loan Protection) – Equal to the outstanding loan term subject to maximum of 30 years
Premium Paying Term	Same as policy term
Premium Modes	For Level Term Assurance: Single Premium (SP), or Regular Premium(RP) (Yearly / Half-yearly / Quarterly / Monthly^#) For Decreasing Term Insurance (Loan Protection) & Decreasing Term Insurance (Family Income Protection) : Single Premium
Min Premium Amounts	Regular Premium: Yearly Rs. 2,000/- Half-yearly Rs. 1,100/- Quarterly Rs. 600/- Monthly Rs. 250/- Single Premium: Rs. 10,000/-

All the references to age are age as on last birthday.
^#For convenience, monthly mode of premium, is payable through Electronic Clearing System (ECS), Salary Savings Scheme or Standing Instructions (where payment is made either by direct debit of bank account or credit card).

Instant Premium Reckoner^{## -}

Age of Life Assured (years)	For SA - Rs. 10 Lakhs				For SA - Rs. 20 Lakhs
	Policy Term (in years)/ Premium (in Rs)				Policy Term (in years)/ Premium (in Rs)
	10	15	20	25	10	15	20	25
25	2,052	2,052	2,188	2,413	3,442	3,442	3,713	4,163
30	2,197	2,409	2,711	3,132	3,731	4,157	4,759	5,602
35	2,778	3,204	3,775	4,459	4,893	5,745	6,888	8,255
40	3,726	4,483	5,350	6,379	6,791	8,304	10,038	12,096
45	5,421	6,556	7,866	NA	10,179	12,449	15,070	NA

Note: ^## The above annual level term assurance premiums are for a standard, healthy male life and are inclusive of service tax as well as high sum assured rebate, wherever applicable.

SA: Policy Sum Assured. NA: Not Available for this combination.

Possibly Related Posts:

Tags: Insurance, SBI Life Insurance, term plan