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SBI Life offers term, savings, retirement and child insurance plans in India with flexible coverage options to protect your family and secure your financial.
SBI Life Insurance is a joint venture between State Bank of India and BNP Paribas Cardif. Smart Shield Plus offers 98.3% claim settlement with the widest branch network in India — 947 offices.
8 plans available — compare coverage, premium, and key features.
98.3% claim settlement with SBI's 22,000+ branch network — best for those who want offline support.
Key Features
Step-by-step claim process for SBI Life.
Call 1800-267-9090 or visit any SBI branch. SBI's 22,000+ branches make claim initiation very accessible.
Submit claim documents at any SBI branch — unique advantage over digital-only insurers. Online submission also available.
Claims processed within 30 days. SBI branch managers provide personal assistance for follow-ups.
Claim credited directly to nominee's SBI account — instant for SBI account holders. Other bank transfers in 5 working days.
SBI Life's 947 offices and SBI's 22,000+ branches give unmatched physical access. Best for those who prefer offline support and trust the SBI brand.
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Smart Shield Plus is available at SBI branches with agent support. eShield Next is the online-only variant with a lower premium — same coverage, same SBI trust, lower cost.
SBI Life has a claim settlement ratio of 98.3% as per IRDAI Annual Reports — slightly lower than top private insurers but still very reliable.
Yes — this is SBI Life's biggest advantage. You can submit and track claims at any of SBI's 22,000+ branches across India — unmatched by any other insurer.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official SBI Life website before purchasing.
Participating whole-life savings plan with survival income and cash bonuses
Key Features
High-cover pure term plan with level or increasing cover and flexible premium payment options.
Key Features
Digital-first plan with a pure term option and a term with return of premium option.
Key Features
Standard term plan with simple, easy-to-understand terms and multiple premium payment options.
Key Features
Return of premium plan with cover from ₹25 lakh and no upper limit, 10 to 30 year terms, and your premiums returned if you survive the term.
Key Features
Return of premium plan for smaller covers of ₹5 lakh to ₹24.9 lakh, with 15 to 30 year terms and a choice of premium payment options.
Key Features
Simple online return of premium plan with ₹25 lakh to ₹50 lakh cover and regular or limited pay options.
Key Features
Yes — SBI Life Grameen Bima is specifically designed for rural India with very low premiums starting at ₹200/yr. Available through SBI's rural branch network.
Yes — eShield Next is SBI Life's online term plan with lower premium than the branch-based Smart Shield Plus. Available at sbilife.co.in.