SBI Life
Saathi Apni Zindagi Ka
SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif. Being backed by India's largest bank, SBI Life offers accessible insurance solutions.
2001
Founded
98.71%
Claims Ratio
7
Insurance Plans
4.8★
Customer Rating
Term Insurance Plans
Digital term plan from India's most trusted bank
SBI Life eShield
Buy online from SBI - trusted by millions of Indians
₹17/Day
Premium
Up to ₹1 Crore
Coverage
10-40 Years
Policy Term
₹25 Lakh
Min Sum Assured
Benefits
Key Features
- Online term plan - buy instantly
- Level cover or increasing cover option
- Return of premium option
- Critical illness rider
- Accidental death benefit
- Terminal illness benefit
Available Riders
Endowment Plans
SBI's guaranteed savings with life protection
SBI Life Smart Wealth Builder
Build wealth smartly with SBI's trusted endowment plan
₹130/Day
Premium
Guaranteed Maturity Benefit
Coverage
10-30 Years
Policy Term
₹3 Lakh
Min Sum Assured
Benefits
Key Features
- Guaranteed additions every year
- Terminal bonus for loyalty
- Loan facility available
- Tax benefits under Section 80C & 10(10D)
- Paid-up value available
- Surrender value after 3 years
Available Riders
Money Back Plans
Regular returns with SBI's banking strength
SBI Life Smart Money Back Plan
Money back plan powered by SBI's trusted network
₹80/Day
Premium
₹10 Lakh + Bonus
Coverage
15-25 Years
Policy Term
₹1 Lakh
Min Sum Assured
Benefits
Key Features
- 20% of Sum Assured every 5 years
- Bonus participation throughout
- Loan facility after 3 years
- Critical illness rider
- Tax benefits under Section 80C & 10(10D)
- Flexible premium payment modes
Available Riders
ULIP / Investment Plans
Market-linked growth with SBI's financial expertise
SBI Life Future Plus
Future plus your wealth with SBI's financial strength
₹120/Day
Premium
Market Linked Returns
Coverage
10-30 Years
Policy Term
10x Annualized Premium
Min Sum Assured
Benefits
Key Features
- Multiple fund options
- Loyalty boosts from year 5
- Fund switching facility
- Partial withdrawals from year 5
- Top-up facility
- Systematic Withdrawal Plan
Available Riders
Pension / Retirement Plans
Secure retirement with SBI's guaranteed pension plans
SBI Life Annuity Plus
Annuity plus - guaranteed pension backed by SBI's trust
₹150/Day
Premium
Guaranteed Pension for Life
Coverage
Whole Life
Policy Term
Based on purchase price
Min Sum Assured
Benefits
Key Features
- Guaranteed lifelong pension
- Multiple annuity options
- Joint life for spouse
- Return of purchase price
- Immediate pension from next month
- Tax benefits under 80CCC
Health Insurance Plans
Health protection powered by SBI's network
SBI Life Health Insurance
Health insurance with SBI's vast hospital network
₹22/Day
Premium
₹5 Lakh - ₹50 Lakh
Coverage
1 Year (Renewable)
Policy Term
₹5 Lakh / ₹10 Lakh / ₹25 Lakh
Min Sum Assured
Benefits
Key Features
- Cashless claims at 8000+ hospitals
- No claim bonus
- Pre & post hospitalization
- Day care procedures
- Ambulance cover
- Restoration benefit
Available Riders
Child Plans
SBI's child plans for secure education future
SBI Life Smart Scholars
Smart scholars plan for your child's bright future
₹55/Day
Premium
₹12 Lakh + Bonus
Coverage
Child's age 25 years
Policy Term
₹2 Lakh
Min Sum Assured
Benefits
Key Features
- Guaranteed additions every year
- Premium waiver on proposer's death
- Bonus participation
- Loan facility
- Tax benefits under 80C & 10(10D)
- Flexible payout options
Available Riders
Why Choose SBI Life?
High Claim Settlement
SBI Life has a claim settlement ratio of 98.71%, ensuring your family gets the benefits when they need it most.
Trusted Brand
With a legacy since 2001, SBI Life is one of the most trusted insurance brands in India.
Innovative Products
SBI Life offers 7 innovative insurance solutions across 7 categories tailored to your needs.
Need Help Choosing the Right SBI Life Plan?
Our AI-powered advisor can help you find the perfect SBI Life plan from 7 options based on your financial profile and needs.