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SBI Life Insurance 50000 per year Plan for 10 years

SBI Life Insurance company offers a comprehensive range of life insurance plans that you can purchase for your whole life by paying an annual premium amount of Rs. 50,000 per year for 10 years. This way you can get a long-term life cover and secure your family in case of your unfortunate death. SBI Life insurance plans also provide you a chance to create corpus in the long run and plan your finances in a better way. Let us take a look at some of the SBI Life Insurance 50000 per year plans for 10 years that you can purchase online. 

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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

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

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

Here is the best SBI Life Insurance 50,000 per year plan for 10 years policy term that you can avail for 6 Crore life cover in India:

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.

SBI Life eShield Next

This life insurance plan offers death benefits in case of the policyholder’s death during the policy term.
Benefits

  • Get inbuilt terminal illness with all the plan options

  • Choose from 3 plan options as per your requirements: level cover, increasing cover, and level with future-proofing benefit cover:

  • Add accidental death benefit rider or accidental total permanent disability rider to the base plan to enhance coverage

  • Choose for the death benefits to be paid in monthly installments, lump sum, or lump sum + monthly installments

  • Plan’s Better Half Benefit allows you to secure your spouse within the same plan

one crore term plan

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Term Plan Starting @ ₹449/month+

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Compare 40+ plans from 15 Insurers

+Standard T&C Applied

Other Life Insurance Plans for Rs. 50000 for 10 years

Here is a list of some life insurance plans other than the SBI Life insurance 50,000 per year plan for 10 years that provide you with 6 crore life cover and similar benefits at comparable premiums:

Life Insurance Plans for 50,000 for 10 years Entry Age Maturity Age Annual Premium
ICICI Pru iProtect Smart 18 - 65 years 99 years Rs. 32, 372
HDFC Click 2 Protect Super 18 - 65 years 85 years Rs. 38, 295
Max Life Smart Secure Plus 18 - 60 years 85 years Rs. 34, 404
Tata AIA Sampoorna Raksha Supreme 18 - 60 years 100 years Rs. 34, 239
Bajaj Allianz Life eTouch 18 - 55 years 85/99 years Rs. 17, 683
  1. ICICI Pru iProtect Smart

    This ICICI term insurance plan provides coverage against death, terminal illness, and disability.

    Benefits

    • Get cover against women-specific cancers like breast and cervical cancers

    • Choose to receive the benefit as lump sum, as monthly income, or as a combination of both

    • Pay the premiums in single, limited, or regular policy tenure

    • Get tax benefits as per the prevailing tax laws

    • Lower premiums for non-smokers and female customers

  2. HDFC Click 2 Protect Super

    This HDFC term insurance plan offers coverage against 19 critical illnesses and the option of renewing the plan at the maturity of the policy.

    Benefits

    • Choose from 3 cover options: Life, Life Plus, or Life Goal

    • Receive premiums back at the end of the policy term 

    • Option to receive increasing death benefits upto 200 percent

    • Get a waiver of premiums on critical illness and total and permanent disability

    • Choose to receive terminal illness coverage till 80 years of age

  3. Max Life Smart Secure Plus

    The plan has an inbuilt terminal illness cover that pays the sum assured in advance on the diagnosis of a terminal illness

    Benefits

    • Choose between regular or increasing life cover options

    • The accelerated critical illness benefit will offer a benefit amount on the diagnosis of any of the 40 critical illnesses

    • The company offers a premium break option where you can skip premium payment for a year every 10 years

    • Option to exit the plan early and receive all the premiums paid back at the termination of the policy

    • Choose to receive the premiums paid back at the end of the policy term

  4. TATA AIA Sampoorna Raksha Supreme

    The plan offers an inbuilt accelerator benefit that pays 50% of the basic sum assured on the diagnosis of a terminal illness.
    Benefits

    • You get the flexibility to choose policy and premium paying term

    • You can increase the sum assured through top-ups

    • Choose to receive income payouts at 55, 60, or 65 years onwards

    • Choose from 4 death benefit options: Life option, life plus option, life income option, and credit protect option

    • Increase life cover with changes in the life stages

  5. Bajaj Allianz Life eTouch

    This Bajaj Allianz term insurance offers large life cover at affordable premiums along with other benefits.

    Benefits

    • The plan has an inbuilt terminal illness benefit and waiver of premium cover

    • You can choose to receive premiums back at the end of the policy

    • Option to add accidental death benefit payout rider to the base plan

    • Choose to exit the plan early and receive back all the premiums

    • Get tax benefits as per the prevailing tax laws

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.


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