SBI Term Insurance Plan – Features, Benefits, Premium & Calculator

If you’re looking for a reliable and affordable way to secure your family’s financial future, the SBI Term Insurance Plan is one of the most trusted options in India. Backed by SBI Life Insurance, this plan offers comprehensive coverage, affordable premiums, and flexible policy terms.

🔎 What is SBI Term Insurance Plan?

The SBI Term Insurance Plan (also called the SBI Life Insurance Term Plan) is a pure protection policy. It ensures your family receives a lump sum amount (sum assured) in case of the unfortunate death of the policyholder during the policy term.

This makes it one of the best term insurance plans offered by SBI for financial security and peace of mind.

⭐ Key Features of SBI Life Insurance Term Plan

• ✅ High coverage at low premiums
• ✅ Flexible policy terms (10 – 30 years)
• ✅ Multiple payout options (lump sum, monthly income, or both)
• ✅ Tax benefits under Section 80C and 10(10D)
• ✅ Option to enhance coverage with riders (critical illness, accidental death, etc.)

If you’re looking for a pure term insurance plan from SBI, this product is designed to cover only risk protection without any maturity benefits.

💰 Benefits of SBI Term Insurance

1. Financial Security – Ensures your family is protected financially even if you’re not around.
2. Affordable Premiums – One of the lowest-cost plans compared to competitors.
3. Flexibility – Choose coverage that fits your income and family needs.
4. Tax Savings – Get tax benefits on premiums and maturity as per IT Act.

📊 SBI Term Insurance Plan Calculator

Before buying, most customers use the SBI Term Insurance Plan Calculator.

This calculator helps you estimate your premium instantly based on:

• Age
• Sum assured
• Policy term
• Lifestyle habits (smoker/non-smoker)

👉 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 for SBI Life Term Insurance

• Minimum Entry Age: 18 years
• Maximum Entry Age: 65 years
• Policy Term: 10 to 30 years
• Minimum Sum Assured: ₹20 Lakhs
• Maximum Sum Assured: No upper limit (subject to underwriting)

⚖️ Why Choose the Best Term Insurance Plan from SBI?

• Backed by SBI Life Insurance, one of the largest insurers in India
• Claim settlement ratio above 95%
• Easy online purchase without paperwork
• Strong trust factor with SBI brand

📢 Frequently Asked Questions (FAQs)

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

SBI Life has a claim settlement ratio of 95%+, making it one of the most reliable insurers.

2. Can I buy the SBI Life Insurance Term Plan online?

Yes, you can purchase directly online with quick approval and minimum documentation.

3. What is the difference between a Pure Term Insurance Plan from SBI and other plans?

A pure term insurance plan offers only death benefit without maturity or investment benefits, making it more affordable.

4. Does SBI Term Insurance cover COVID-19?

Yes, most SBI Life term insurance policies cover death due to COVID-19, subject to policy terms.

🏆 Conclusion

The SBI Term Insurance Plan is an excellent choice for individuals seeking affordable life coverage and financial protection for their family.

With easy online purchase, flexible options, and a strong claim settlement record, SBI Life remains a top pick for customers searching for the best term insurance plan from SBI.

👉 Don’t forget to use the SBI Term Insurance Plan Calculator before buying to find the right premium for your needs.