SBI Life Insurance has launched ‘SBI Life – Smart Shield Plus’, a future-ready term insurance plan aimed at addressing the changing protection needs of today’s consumers. The individual, non-linked, non-participating, pure risk product offers flexible options such as Level Cover, Increasing Cover, and Level Cover with Future Proofing Benefit, enabling policyholders to align their cover with life’s milestones.
The Increasing Cover option boosts the sum assured at 5% annually, up to 200%, while the Future Proofing Benefit allows increases during major events like marriage or home purchase without medical tests. Additional features include the Better Half Benefit, ensuring ₹25 lakh or 50% of the sum assured for a surviving spouse, and accident benefit riders for enhanced financial security.
With growing awareness around financial security and rising household responsibilities, especially among young professionals and business owners, demand for adaptable insurance solutions has been increasing. Industry experts say the flexible cover options and milestone-based adaptability of Smart Shield Plus can attract both salaried families and small entrepreneurs. M. Anand, President and Chief Distribution Officer of SBI Life, said the plan empowers individuals to take proactive financial decisions while offering long-term protection. With options for whole life cover up to 100 years, multiple premium payment terms, and availability through digital and physical channels, SBI Life aims to expand accessibility across all income groups.
Click on the link to know more about the product: https://www.sbilife.co.in/en/individual-life- insurance/protection-plans/smart-shield-plus
