SBI Life Smart Swadhan Plus Term Plan

SBI Life Smart Swadhan Plus Term Plan

SBI Life – Smart Swadhan Plus is an individual non-linked, non-participating term insurance plan designed to meet all your insurance needs at an affordable cost. It offers comprehensive coverage with an additional benefit of returning your premium amount on survival. The plan also comes with flexible options to pay premiums suiting your requirements.

SBI Life Smart Swadhan Plus Term Plan Features

  • SBI Life – Smart Swadhan Plus offers life coverage against any uncertainty.
  • It offers maturity benefit by returning the paid premiums on survival of the policy term.
  • It provides the flexibility to pay premiums by opting through various options – single payment, a limited period (5,10,15 years), or for the entire policy term.
  • The minimum entry age is 18 years, and the maximum is 65 years.
  • The maximum age at maturity is 75 years.
  • The minimum basic sum assured is Rs 5 lakh, and there is no limit for the maximum sum assured subject to Board approved underwriting policy.
  • The plan offers flexibility to choose your preferred policy term – 10 to 30 years as per your needs.
  • It offers a discount on premium rates for opting higher level of life coverage.
  • Tax benefits are available as per the prevailing norms of the Income Tax Act 1961.

What will my family receive if I am not around anymore?

In case of unfortunate demise of the life assured, the death benefit amount is paid to the policy beneficiary, where the sum assured is higher of the following: 

For Single premium policies

  • Basic Sum Assured
  • 1.25 times of Single Premium

For Limited Premium Payment Term 

  • Basic Sum Assured
  • 10 times of the Annualized premium
  • 105% of the total premiums received up to date of death.


The basic sum assured is the amount of benefit chosen by the insured at the inception of the policy.

Annualized premium is the premium amount payable in a year chosen by the policyholder, excluding the applicable taxes, underwriting extra premiums, and loading of modal premiums, if any.

Why should you choose the SBI Life – Smart Swadhan Plus Term Plan?

  • To ensure that your family’s needs are met during uncertain times.
  • To avail maturity benefit by getting back the premiums invested.
  • To opt for your preferred policy term ad premium payment options as per your convenience and requirements.
  • To get the benefit of a complete protection plan through the easy and hassle-free application process.

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