SBI Life Insurance 50000 per year Plan for 10 years

SBI Life Insurance offers a wide range of plans that allow you to secure lifelong protection by paying an annual premium of Rs 50,000 for 10 years. This way you can get long-term life cover while ensuring your family remains financially protected in case of an untimely death. With SBI Life Insurance plans for 10 years, you can easily secure the financial future of your loved ones and also save money for your future goals.

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Benefits of SBI Life Insurance 50000 per year Plan for 10 years

Let us take a look at the benefits of purchasing an SBI life insurance of Rs. 50000 per year for 10 years

Limited premium payment term: Pay the premiums for only a limited period of 10 years and receive policy coverage for the whole life
Financial Security: The family of the policyholder will be financially secure in the event of the policyholder’s unfortunate death
Better Financial Planning: As you will have a better understanding of how much you need to invest in the SBI life insurance plan, you can manage your finances efficiently
Death benefit: The death benefit will be payable in case the policyholder dies within the policy term
Maturity Benefit: The maturity or survival benefits will be paid as per the policy’s T&Cs
Tax Benefits: You can avail of the tax benefits on the premiums paid and the benefits received as per the Income Tax Act of 1961.
Build Wealth: You can build wealth to fulfill your child’s dreams and aspirations by paying for their marriage or higher education

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⁺

SBI Life Insurance 50,000 per year Plan for 10 Years

Here is the SBI Life Insurance 50,000 per year plan for 10 years policy term:

SBI Life insurance 50,000 per year plan for 10 years	Entry Age	Maturity Age	Annual Premium
SBI Life eShield Next	18 - 65 years	85 years	Rs. 53,150

Note: The sample premiums rates mentioned above are for an 18-year-old non-smoker male. You can make use of a life insurance calculator to accurately estimate the premium rate applicable to your lifestyle.

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Who Should Think About the SBI Life Insurance 10-Year Plan?

People who work for a salary and want to pay a low premium for a short time
Parents who are saving for their children's future education or wedding costs
Self-employed people who want both insurance and savings
Anyone who wants to invest in a disciplined way and protect their life

What are the Documents Required to Buy SBI Life 10-Year Plan

You need to send in a few basic documents to prove your identity and income in order to apply for an SBI Life ₹50,000 per year plan. When you apply online or offline, keep these close by:

A PAN Card or an Aadhaar Card as proof of identity.
Aadhaar, a passport, a utility bill, or a rent agreement as proof of address.
The most recent pay slip, Form 16, or ITR as an income proof
A recent picture the size of a passport

How To Buy SBI Life Insurance Plans Online From Policybazaar?

You can buy term plan insurance online by following the steps:

Step 1: Visit Policybazaar and go to the ‘SBI Life insurance’ plan
Step 2: Enter your name, gender, contact number, and date of birth
Step 3: Fill in your smoking habits, educational qualifications, occupation type, and annual income
Step 4: Select the most suitable SBI Policy and proceed to pay.
Step 5: Once the first premium is paid, SBILife Insurance will verify your policy form and will issue your policy.

Final Thoughts

An SBI Life Insurance 50000 per year Plan for 10 years allows you to create a corpus by investing in the life insurance plan for just 10 years, secure your family against any eventuality, and save on taxes. You can purchase any of the plans mentioned above by comparing their premium rates, policy terms, sum assured, and benefits offered online.

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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What is Term Life Insurance

FAQs

What is an SBI 50000 per year policy?

It refers to an SBI Life insurance plan where you pay ₹50,000 every year as the premium. Depending on the plan you choose, this amount can give you life cover, savings benefits or returns at maturity.
What is the SBI Life insurance 10-year policy?

This is an SBI Life plan with a 10-year policy term. You stay covered for 10 years, and some plans also offer maturity benefits or bonuses upon the end of the term.
How much is a 50000 life insurance policy?

If you pay ₹50,000 per year, your life insurance coverage can vary significantly based on your age, plan type, and health status. In term plans, it can be as high as ₹50 lakh or more, but in savings plans, the cover is usually lower.
How to use SBI Life Insurance 50000 per year plan for 10 years calculator?

Visit the SBI Life website, open the premium or benefits calculator, enter your annual premium (₹50,000), policy term (10 years), age and basic details. The tool will instantly display your expected life cover, maturity value, and benefits.
How to use the SBI Life Insurance 50000 per year plan for 10 years calculator?

Go to the SBI Life website, open the premium or benefits calculator, and enter your basic information, including your age, annual premium (₹50,000), and policy term (10 years). The tool will show you your expected life cover, maturity value, and benefits right away.
What is SBI Life Insurance for 10 years?

SBI Life Insurance for 10 years refers to life insurance plans where the policy term or premium payment term is 10 years. These plans can be term insurance, savings plans, or ULIPs, depending on the objective. In a 10-year plan, you either pay premiums for 10 years, stay covered for 10 years, or both. Such plans are suitable for people who want medium-term protection, disciplined savings, or goal-based planning while keeping the commitment period limited.

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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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