SBI Life | SBI Life Insurance Plans

About SBI Life: SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif. SBI owns 74% of the total capital and BNP Paribas Cardif the remaining 26%. SBI Life Insurance has an authorized capital of Rs. 2,000 crores and a paid up capital of Rs 1,000 crores.

New Plan Launched By SBI in 2013

SBI life Eshield online Term plan

Various Products offered by SBI Life

Protection Plan

1. SBI Life-Smart Shield : Is a plan that offers a life cover at low cost. It is a traditional pure risk policy.
2. SBI life-Swadhan : Is a traditional Term Plan which provides protection and a refund either part / total premium at the end of the duration of the policy to the policyholder.
3. SBI Life Saral Shield : Saral Shield provides cover for your family and ensures that a proper safety net is created.
4. SBI Life Smart Income Protect:A saving plan with added advantage of life cover and regular cash inflow at the time you need.

Saving Plan

1. SBI Life-Sanjeevan Supreme : Is a plan with a Life Insurance cover and a guaranteed money back scheme at various intervals. Benefit of this plan is you pay the premium for a specific period of the term only and rest of the term you do not have to pay.
2. SBI Life-Money Back : Is a saving plan where you get a cover and also funds at various intervals during the policy.
3. SBI Life - Shubh Nivesh : Shubh Nivesh is an Endowment product with an option of Whole Life coverage. The basic purpose is to provide Savings, Income and Protection to you and your family.
4. SBI Life Flexi Smart Insurance : It gives you flexibility to adapt to your ever-changing needs, while assuring guaranteed benefits to take care of your savings.

Unit Linked Products

Type of life insurance where the cash value of a policy varies according to the current net asset value of the underlying investment assets. It allows protection and flexibility in investment.
1. SBI Smart Performer : It offers the double benefits of 'Higher than the Highest' of the daily NAV Guarantee and the view of market upside.
2. Unit Plus Super : It offers you guaranteed additions and choice of payment options, giving you far superior value.
3. Saral Maha Anand : Twin Benefit of Market linked returns & insurance cover.
4. SBI Life Smart Elite : It gives you flexibility to pay premium(s) for limited term or single premium, with the freedom to stay invested and protected for long term.
5. SBI Life Smart Scholar : Its provide you with a unique, flexible and all-encompassing solution through our SBI Life - Smart Scholar Plan.

Health Plans

1. SBI Life – Group Criti9 : This plan provides protection against 9 critical illnesses where Sum Assured is paid in lump sum on diagnosis of any one of covered critical illnesses.
2. SBI Life – Hospital Cash : It is a comprehensive plan that covers not only hospitalization expenses but also other incidental costs

Child Plan

1. SBI Life Scholar II : I SBI Life - Scholar II has guaranteed benefits which are payable at the regular intervals during the term of the policy.

Pension Products

A type of retirement plan, usually tax exempt, wherein an employer makes contributions toward a pool of funds set aside for an employee's future benefit
1. SBI Life-Lifelong Pension : This plan helps to satisfy your needs after retirement. Although retired you still have the finance to fulfill your desires. It is a regular pension product.

Group Products - Group Protection Plans

Corporate Office:
SBI Life Insurance Co. Ltd, "Natraj",
M.V. Road & Western Express Highway Junction,
Andheri (East), Mumbai - 400069

Contact Number (Toll- Free Number):
For any general enquiries please call on toll free number 1800-22-9090 or 1800-425-9010M, from 9am to 9pm on all days.

Disclaimer: Please note that the information provided is collected from sources publicly available & we believe to be reliable. The website doesn’t warrant the accuracy, reliability & absolute information available on the website. Participation by site visitors or registered customers is on a voluntary basis. The policies are offered by various life Insurance & non-life insurance offering companies and Bimadeals does not seek to, either directly or indirectly, advise, offer, solicit or recommend that any person who is or proposes to become its member should purchase the Policy.
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