🏦 SBI Term Insurance Plan 2025 – Premium Calculator, Benefits & Comparison

If you’re planning to secure your family’s financial future, the SBI Term Insurance Plan from SBI Life Insurance is one of the most trusted and affordable options in India.

It is offering high coverage at low cost, multiple payout options, and tax benefits under the Income Tax Act, thus, it is making an ideal choice for protection-focused individuals.

🔍 What Is the SBI Term Insurance Plan?

The SBI Term Insurance Plan (also known as SBI Life Term Plan) is a pure protection policy that provides your nominee with a lump-sum payment in case of your unfortunate death during the policy term.
It ensures your loved ones remain financially secure even in your absence.

Why It’s Popular

• Backed by SBI Life Insurance, a top insurer in India
• Affordable premiums for high coverage
• Trusted claim settlement ratio of 95%+

⭐ Key Features of SBI Life Term Insurance

💡 Pro Tip: Choose a term that matches your retirement age for the best long-term protection.

💰 SBI Term Insurance Premium Calculator

Before buying, always use the SBI Term Insurance Plan Calculator to get an instant estimate of your premium.

The calculator considers:

• Age & Gender
• Policy term
• Smoking habit
• Sum assured

Example Premium Table (Approximate):

*Estimated values; actual premiums may vary.

👉 Use the SBI Term Insurance Calculator Now

⚖️ SBI Term Insurance vs Other Providers

🔹 SBI remains one of the most value-for-money term plans considering its reliability and affordability.

👉 Try the SBI Term Insurance Calculator Here

💡 Pro Tip: Adding a calculator widget improves user engagement and helps people compare the best SBI Life Insurance Term Plan for their budget.

📌 Eligibility Criteria

🧮 SBI Term Insurance Plan Variants (2025)

1. SBI Life eShield Next – Flexible online plan with level or increasing cover
2. SBI Life Smart Shield – Ideal for high-income earners needing large coverage
3. SBI Life Poorna Suraksha – Covers critical illness + life protection
4. SBI Life Saral Jeevan Bima – Standard affordable term plan

💡 Benefits of SBI Term Insurance

• ✅ Financial Security – Family gets lump-sum or monthly benefit
• ✅ Affordable Premiums – Pure protection, no investment cost
• ✅ Flexible Riders – Choose add-ons for extra coverage
• ✅ Online Application – Instant approval without paperwork
• ✅ Tax Savings – Up to ₹1.5 L under Section 80C + tax-free payout u/s 10(10D)

🧾 Claim Settlement Process (Step-by-Step)

1. Inform SBI Life via website, email, or branch visit
2. Submit documents (policy copy, death certificate, ID proof)
3. Verification and approval by SBI Life claims team
4. Claim payout directly to nominee’s bank account

💬 SBI Life’s average claim settlement time: within 15 working days (as per FY 2024–25).

📢 Frequently Asked Questions (FAQs)

1️⃣ What is the claim settlement ratio of SBI Term Insurance Plan?

SBI Life’s claim settlement ratio is 95%+, showing a high level of trust and reliability.

2️⃣ Can I buy the SBI Life Term Plan online?

Yes. You can buy the SBI eShield Next plan directly online with instant premium calculation.

3️⃣ What’s the difference between pure term and endowment plans?

A pure term plan provides only death benefit, whereas endowment plans combine savings + life cover.

4️⃣ Does SBI Term Insurance cover COVID-19?

✅ Yes, SBI Life term policies include death coverage due to COVID-19 as per policy terms.

5️⃣ Is SBI Term Plan better than LIC Term Plan?

SBI offers lower premium and more flexible riders, while LIC has slightly higher claim ratio. Choose based on your budget and trust preference.

🏆 Conclusion

The SBI Term Insurance Plan 2025 offers an excellent balance of affordability, reliability, and coverage. With easy online purchase, tax benefits, and a 95%+ claim ratio, it remains one of the best term insurance plans in India.

✅ Before buying, use the SBI Term Insurance Calculator to compare premiums and find the ideal coverage for your family.