SBI Term Insurance Plans Comparison Chart 2025

Choosing the right SBI Term Insurance plan in 2025 can secure your family’s financial future with affordable premiums and robust coverage. SBI Life Insurance, a trusted name backed by the State Bank of India, offers a variety of term plans tailored to diverse needs, from high coverage like ₹1 crore to flexible options with return of premiums. This comparison chart breaks down five popular SBI Term Insurance plans—eShield Next, Smart Shield, Saral Shield, Saral Swadhan Plus, and Poorna Suraksha—highlighting their features, eligibility, premiums, and benefits to help you make an informed decision.

Why Compare SBI Term Insurance Plans?

SBI Term Insurance plans are designed to provide financial protection at affordable costs, with a high claim settlement ratio of 99.20% in FY 2023-24. Whether you’re a young professional seeking long-term coverage or a parent planning for your family’s future, comparing plans ensures you select one that aligns with your budget and goals. Key factors to consider include sum assured, policy term, premium flexibility, and additional riders for enhanced protection.

SBI Term Insurance Plans Comparison Chart

Below is a detailed comparison of five SBI Term Insurance plans, focusing on key parameters to simplify your decision-making process.

Plan Name	eShield Next	Smart Shield	Saral Shield	Saral Swadhan Plus	Poorna Suraksha
Plan Type	Non-Linked, Non-Participating, Pure Risk	Non-Linked, Non-Participating, Pure Risk	Non-Linked, Non-Participating, Pure Risk	Non-Linked, Non-Participating, Savings with Return of Premium	Non-Linked, Non-Participating, Term with Critical Illness
Sum Assured	₹50 lakh - ₹25 crore	₹25 lakh - No upper limit	₹5 lakh - ₹50 lakh	₹5 lakh - ₹50 lakh	₹25 lakh - ₹25 crore
Policy Term	5–50 years (up to age 100 with Whole Life option)	5–40 years	5–40 years	10–30 years	10–30 years
Entry Age	18–65 years	18–60 years	18–60 years	18–50 years	18–50 years
Premium (₹1 crore, 30-year term, 30-year-old non-smoker)	~₹6,500/year (Level Cover)	~₹7,000/year (Level Term)	~₹6,800/year (Level Term)	~₹8,500/year	~₹9,000/year (with CI cover)
Premium Payment Options	Single, Limited (5/10 years), Regular	Regular, Limited (5/10 years)	Single, Regular	Single, Limited (7/10/15 years), Regular	Regular
Key Benefits	- Whole life cover up to 100 years - Three variants: Level Cover, Increasing Cover (10% every 5 years), Future Proofing Benefit - Terminal Illness Benefit - Better Half Benefit (spouse coverage)	- Two variants: Level Term, Increasing Term (5% yearly) - High sum assured discounts - Optional riders	- Three variants: Level Term, Decreasing Term (Loan/Family Protection) - Simple enrollment - Affordable premiums	- Return of 100% premiums on survival - Fixed life cover - Tax benefits under Sections 80C, 10(10D)	- Covers 36 critical illnesses - Life stage rebalancing - Terminal Illness Benefit - Waiver of premium on CI diagnosis
Riders Available	- Accidental Death Benefit - Accidental Partial/Total Permanent Disability	- Accidental Death Benefit - Accidental Total/Permanent Disability	- Accidental Death Benefit - Accidental Total/Permanent Disability	None	- Critical Illness Rider - Accidental Death Benefit
Maturity Benefit	None	None	None	100% of total premiums paid	None
Unique Feature	Future Proofing Benefit increases sum assured for life events (e.g., marriage, childbirth)	Increasing Term option adjusts for inflation	Decreasing Term for loan protection	Return of premiums on survival	Combines term insurance with critical illness cover
Best For	Young professionals, long-term planners	Budget-conscious buyers seeking flexibility	First-time buyers, loan holders	Those wanting premium refunds	Individuals seeking health + life cover

Note: Premiums are indicative and vary based on age, health, smoking status, and riders. Use SBI Life’s online premium calculator for accurate quotes.

Key Features of SBI Term Insurance Plans

SBI Life eShield Next

• Overview: A new-age online term plan with whole-life coverage up to age 100, ideal for comprehensive protection.
• Variants: Level Cover, Increasing Cover (10% increase every 5 years), Level Cover with Future Proofing Benefit (increases sum assured for life events like marriage).
• Unique Perk: Better Half Benefit extends coverage to the spouse under the same plan.
• Best For: Those seeking long-term, customizable coverage with high sum assured.

SBI Life Smart Shield

• Overview: A flexible, affordable plan with options for level or increasing coverage to combat inflation.
• Variants: Level Term Assurance (fixed sum assured), Increasing Term Assurance (5% annual increase).
• Unique Perk: High sum assured discounts make it cost-effective for large coverage.
• Best For: Budget-conscious individuals needing adjustable coverage.

SBI Life Saral Shield

• Overview: A simple plan designed for ease of enrollment, offering both level and decreasing term options.
• Variants: Level Term Protection, Decreasing Term (Loan Protection or Family Protection).
• Unique Perk: Ideal for covering loans with a decreasing sum assured option.
• Best For: First-time buyers or those with loan liabilities.

SBI Life Saral Swadhan Plus

• Overview: A pure protection plan with a return of premium feature if the policyholder survives the term.
• Unique Perk: Returns 100% of premiums paid, making it appealing for those wanting savings alongside protection.
• Best For: Individuals seeking term insurance with maturity benefits.

SBI Life Poorna Suraksha

• Overview: Combines term insurance with critical illness coverage for 36 listed conditions.
• Unique Perk: Life stage rebalancing adjusts coverage as needs change; premiums are waived if diagnosed with a critical illness.
• Best For: Those wanting dual protection for life and health risks.

Eligibility Criteria for SBI Term Insurance

• Minimum Entry Age: 18 years across all plans.
• Maximum Entry Age: 50–65 years, depending on the plan (e.g., 65 for eShield Next, 50 for Poorna Suraksha).
• Policy Term: Ranges from 5 years (Saral Shield) to whole life (eShield Next).
• Medical Requirements: May be required for high sum assured or based on health/age; Saral Jeevan Bima often skips medicals for lower sums.
• Sum Assured: Starts at ₹5 lakh (Saral Swadhan Plus) to no upper limit (Smart Shield).

Claim Process for SBI Term Insurance

The claim process for SBI Term Insurance is straightforward and efficient, with a 99.20% claim settlement ratio in FY 2023-24. Steps include:

• Notify SBI Life: Inform within 15 days via www.sbilife.co.in, a branch, or helpline (1800-267-9090).
• Submit Documents:
  • Death certificate.
  • Policy document.
  • Nominee’s ID proof and bank details.
  • Claim form (available online).
  • Medical records (if applicable).
• Processing: Claims are reviewed and settled as a lump sum, monthly income, or both, based on the plan.

Why Choose SBI Term Insurance in 2025?

SBI Term Insurance plans are backed by SBI Life’s reputation, with 947 offices and a AAA/Stable rating from CRISIL. Key advantages include:

• Affordability: Premiums as low as ₹449/month for ₹1 crore coverage.
• Flexibility: Options for single, limited, or regular premium payments.
• Customization: Riders like Accidental Death Benefit and Critical Illness enhance coverage.
• Tax Benefits: Deductions under Sections 80C and 10(10D) of the Income Tax Act, 1961.
• Digital Convenience: Buy and manage plans online with ease.

Conclusion: Find Your Ideal SBI Term Insurance Plan

SBI Term Insurance offers a range of plans to suit every need, from the comprehensive eShield Next to the savings-focused Saral Swadhan Plus. Use the comparison chart above to evaluate features, premiums, and benefits, and select a plan that aligns with your financial goals. For precise premium quotes or to explore more details, visit www.sbilife.co.in or use the SBI Term Insurance Premium Calculator. Secure your family’s future today—compare plans and take the first step toward peace of mind!