SBI Life Insurance 50000 Per Year Plan For 10 Years

SBI Life Insurance offers various insurance plans that help you safeguard your family’s future by paying Rs. 50,000 as an annual premium for a span of 10 years. SBI Life Insurance plans for 10 years offer a combination of life insurance along with a savings option that helps you save for your long-term goals as per your loved ones requirements. The life insurance cover ensures financial security for your family in case of your untimely demise.

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

Here are the benefits of buying an SBI Life insurance 50000 per year plan 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.
Future 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 benefit of maturity or survival shall be payable as per the terms and conditions of the policy.
Tax Benefits: You may enjoy the tax benefits for the premiums paid and benefits derived as per the Income-tax Act 1961.
Build Wealth: You can create wealth to fulfill your child’s dreams and aspirations like higher education or marriage, by investing 50000 regularly in the SBI Life policy for 10 years.

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 premium paying term under the SBI Life Smart Platina Plus.

Sum Assured	Income Period	Policy Term	Premium Payment Term	Annual Premium
Rs.5,50,000	15 Years	23 Years	10 Years	Rs.50,000

Note: The sample premium rates mentioned above are for a 35 year old, non-smoking female who wants to secure her daughter’s future. You can make use of a life insurance calculator to accurately estimate the premium rate applicable to your lifestyle.

A 10-year premium term gives you a good balance between affordable yearly payments and a meaningful corpus, but it isn't the only option. If 10 years feels too long a commitment, you can also look at an SBI Life insurance 50,000 per year plan for 7 years.

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SBI Life Insurance 50,000 Per Year Plan for 7 Years

If you want to finish paying sooner, you can look at an SBI Life insurance 50,000 per year plan for 7 years. Several SBI Life savings plans offer limited premium payment options, so you pay for a shorter period and stay covered for longer. A 7-year payment term means a shorter commitment, but your total premium paid is lower, so maturity and survival benefits are usually smaller than in a 10-year plan. Compare the benefit illustration for both terms before you choose.

Who should Think about the SBI Life Insurance 10-Year Plan?

Salaried individuals who want affordable premiums for a specific period of time.
Couples planning to secure their child’s future education and other bigger life ambitions.
Self-employed people looking for a comprehensive plan with both insurance and savings options.
Anyone wanting to invest their money in a systematic way to protect against any future uncertainties.

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

To buy an SBI Life plan with a ₹50,000 annual premium, keep these documents ready:

Proof of Identity: Aadhaar Card / PAN Card
Proof of Address: Aadhaar Card, passport, utility bill, or rent agreement
Proof of Income: Recent pay slip, Form 16, ITR
Additionally, you can keep a passport size photo of the policy buyer available.

How To Buy SBI Life Insurance Plans Online From Policybazaar?

You can buy a 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, SBI Life Insurance will verify your policy form and will issue your policy.

Is SBI Life Insurance 50000 Per Year Plan for 10 Years Worth It?

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 unfortunate event, 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 the best investment plan 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

What is an SBI 50000 per year policy?

Ans: SBI Life insurance plan with an annual premium payment of Rs.50000 is SBI 50000 per year policy. Further, your chosen plan decides your cover amount, savings benefits and even returns at maturity. You can also find SBI Life 50000 plan details on SBI Life official website.
What is the SBI Life insurance 10-year policy?

Ans: SBI Life plan with a 10-year policy term is called the SBI Life insurance 10-year policy. The policy term is 10 years so the policyholder is protected against any uncertainties for 10 years, given that all premiums are duly paid and the policy is in-force. Potential policy buyers can also find SBI Life insurance 50 000 per year plan for 7 years.
How much is a 50000 life insurance policy?

Ans: If you pay ₹50,000 annually, your life cover can be as high as Rs.50 Lakh depending upon your age, plan type, tobacco status, health condition, etc.
How to use the SBI Life Insurance 50000 per year plan for 10 years calculator?

Ans: Open SBI Life website and find the premium and benefits calculator. Then, enter all the mandatory personal and policy details very carefully. In this case, the policy term is 10 years and the premium amount is Rs.50000. The SBI Life insurance 50000 per year plan for 10 years maturity calculator will present your expected life cover, maturity values, and benefits on your screen.
What is SBI Life insurance 50000 per year plan for 10 years review: is it a good choice?

Ans: SBI Life insurance 50,000 per year plan for 7 years review says that it suits people who want a short payment commitment, for example those nearing a career change or retirement. If you can pay for longer, a 10-year plan usually builds a bigger corpus. Compare the benefit illustrations for 7 and 10 years on SBI Life's website before deciding.

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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 Insurance Brokers Private Limited 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

+On the basis of your profile

+Rs. 410/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. 410/month (Rs.14/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 rounded off to nearest 10

+Rs. 245 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.

+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. 15/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. 504/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. 494/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. 636/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. 918/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. 1,286/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.

+Rs. 453/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.582/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. 786/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. 1,592/month 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.

+Rs. 525/month is the starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age.

+Rs. 668/month is starting price for a 2 crore term life insurance for an 25 year-old male, non-smoker, with no pre-existing diseases, cover upto 45 years of age.

+Rs. 1,200/month is starting price for a 2 crore term life insurance for an 35 year-old male, non-smoker, with no pre-existing diseases, cover upto 55 years of age.

+Rs. 410/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.

+Rs. 577/month is starting price for a 1 crore term life insurance for an 18 year-old Male, self employed, 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. ₹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

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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