SBI Life Insurance 40000 per year Plan for 10 years

A SBI Life Insurance 40,000 per year Plan for 10 years is a life insurance plan offered by SBI Life Insurance that provides a life cover at a premium of Rs. 40,000 payable annually for a limited premium payment term of 10 years. The benefit of these life insurance plans is that they provide life cover for a long term (up to 100 years of age) while the premium payment term ends in 10 years.

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What is the SBI Life Insurance 40,000 per year plan for 10 years?

SBI Life 40,000 per year for 10 years usually refers to term or savings‑cum‑insurance plans where you pay 40,000 annually for 10 years, get life cover during the term, and may receive maturity or return‑of‑premium benefits depending on the specific product chosen.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Benefits of SBI Life Insurance per year plan for 10 years

Let us take a look at the benefits of purchasing an SBI life insurance 10 year plan:

Financial protection: The life insurance plan from SBI financially protect the family of the policyholder against any eventuality.
Higher Returns: You have to pay premiums for a limited term of 10 years and receive higher returns for your whole life.
Long-term Security: You have to pay for only 10 years and stay covered under the plan till 85/100 years of age.
Death Benefit: The benefit will be payable to the family of the policyholder in case of the policyholder’s untimely death
Tax Benefits: You can avail of tax benefits as per the prevailing tax laws of the Income Tax Act of 1961.
Maturity Benefits: In case TROP is selected, the premiums paid throughout the policy term will be returned at the end of the policy term as maturity benefits.
Wealth Creation: SBI Life insurance plans give you a chance to create a corpus to beat inflation or fulfill any lifelong goals.

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Best SBI Life Insurance Plans for Rs. 40, 000 per year

Here is a list of all the life insurance plans that you can purchase for Rs. 40, 000 per year for a 10 year premium payment term.

Plan Name	Entry Age	Maturity Age	Premium Payment Term	Sum Assured	Annual Premium
SBI Life eShield Next	18 - 65 years	85 years	10 years	Rs. 75 Lakhs	Rs. 39,262
IndiaFirst Guaranteed Protection Plus	18 - 65 years	99 years	10 years	Rs. 75 Lakhs	Rs. 45, 224
TATA AIA Sampoorna Raksha Supreme	18 - 65 years	100 years	10 years	Rs. 75 Lakhs	Rs. 47, 407
ICICI Pru iProtect Smart	18 - 65 years	99 years	10 years	Rs. 75 Lakhs	Rs. 51, 337

Note: The sample premium rates mentioned above are for an 18-year-old non-smoker male. You can use a life insurance premium calculator to estimate the accurate premium rate for yourself.

How to Choose the Best SBI Life Insurance Plan?

When you think about your long-term needs instead of just the premium amount, it's easier to choose the right SBI Life Insurance plan for 10 years. The tips below can help you choose wisely.

Find out what you need financially
Look at what you have to do right now and what you want to do in the future. Think about things like your family's bills, any loans you still owe, your kids' education, and your retirement plans. Choosing the right SBI Life Insurance plan is much easier once you know what you need.
Look at the different types of plans that are available
SBI Life Insurance has a lot of different plans to choose from, like term plans, endowment plans, and ULIPs. They all have different uses. Term plans are only about protection, but endowment plans and ULIPs offer both savings and investment benefits. You can choose the plan that best fits your financial goals if you know how each one works.
Select a Premium That Works for Your Budget
Always choose a plan with a premium amount that you can easily pay over the term you choose. SBI Life Insurance lets you choose how to pay your premiums, which makes it easier to find a policy that protects you while still being affordable.
Choose the Right Length of Policy
The length of the policy should match your age and financial responsibilities. Look at the lengths of different policies and pick one that gives your family enough coverage during the years when they need your income the most.
Check out Riders and Other Benefits
Riders and add-ons can make your coverage much better. You can add extra protection to your policy by choosing options like critical illness cover, accidental death benefit, or waiver of premium, depending on your own risk profile.

Final Thoughts

A SBI Life Insurance 40000 per year Plan for 10 years can secure your family financially for a long term, create wealth for your future, and save on your yearly taxes as per the prevailing tax laws. You can purchase the most suitable plan by comparing plans online from the comfort of your home in just a few minutes.

Note: Check out the best term insurance policy in India and choose one that suits your requirements.

Note: You should also check the benefits of term insurance if you are planning to purchase the term insurance plan.

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FAQs

Q: What is SBI Life Insurance ₹40,000 per year?

Ans: It isn’t a single official product name. People use this phrase to talk about SBI Life plans where you pay about ₹40,000 yearly as your premium, typically for a limited period like 10 years, and get life cover until ages like 85 or 100. One example many compare is SBI Life eShield Next, where a premium close to ₹39,000 a year gives high sum assured with a 10-year pay term.
Q: Which insurance plan offers ₹40,000 per year?

Ans: No plan is called exactly “₹40,000 per year”. It’s a way to describe plans you can buy if your budget is around ₹40,000 annually. SBI Life’s eShield Next fits that budget for a limited-pay term, and there are similar protection or savings options around that range.
Q: What is the SBI insurance plan for 10 years?

Ans: SBI Life has a few plans where you pay premiums for 10 years but coverage goes on much longer. A common one is SBI Life eShield Next with a 10-year premium pay term and life cover up to age 85. Other savings or income plans might also let you choose 10 years of premium payment.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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