SBI Life Insurance 7-year Plan Maturity Calculator

An SBI life insurance can not only help you create a corpus in the long term but also secure your family’s financial future. You can also save on your premiums paid and benefits received as per the prevailing tax laws. Therefore you should always use an SBI Life Insurance 7-year Plan Maturity Calculator to make accurate estimations about the maturity amount you can expect from a 7-year policy term.

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What is an SBI Life Insurance 7-year Plan Maturity Calculator?

An SBI Life Insurance 7-Year Plan Maturity Calculator is an online tool that shows you how much money you will receive upon maturity of a 7-year policy term. You enter basic details, such as your premium, policy term, and plan type, and the tool estimates your maturity payout.

What is the purpose of the SBI Life Insurance Surrender Calculator?
Its main purpose is to help you understand the financial outcome of the SBI Life Insurance before you buy it. Instead of guessing the final payout, the calculator gives you a clear projection based on the inputs you choose. This makes it easier to plan your budget and shortlist suitable plans.

Why is it beneficial?
An SBI Policy maturity calculator saves time, helps you compare multiple SBI Life plans instantly and removes uncertainty. You can adjust the premium, see how the maturity benefit changes, and select the option that best fits your goals. It also helps you avoid under- or over-estimating your returns, which keeps your long-term planning realistic.

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⁺

Features and Benefits of SBI Life Insurance 7-year Plan Maturity Calculator

Here is a list of all the features and benefits of using an SBI life insurance maturity calculator:

Time and Energy-efficient: The SBI life maturity calculator saves the time you would need to spend to manually calculate the maturity amount. Since this is an online tool, you can use it 24x7 without visiting the insurance company, thus saving energy and time.
Accurate Results: The SBI Life Insurance 7-year plan maturity calculator will provide accurate results every time you use the tool. You just need to provide the required data and the software will compute the estimated maturity amount.
Helps in Finance Management: Since you will have a better understanding of how much to expect from the SBI 7 year life insurance you can plan your finances better. It allows you to have a better understanding of the expected returns and make an informed decision about the plan you should invest in.
Saves Money: The SBI life insurance maturity calculator is a free-of-cost tool and you do not have to register or log in to use it. It also saves on any brokerage charges you might have to pay when buying a life insurance plan from an agent.
Easy to Use: The SBI life maturity calculator is very convenient and user-friendly. You can use the SBI Life maturity calculator by just entering the premium amount you are willing to pay and the policy term.

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What is the Information Required to use the SBI Life Insurance Maturity Calculator?

Let us take a look at all the information required to use an SBI Life insurance 7 year plan calculator:

Personal Details: You need to fill in your name, age, gender, contact information, and marital status
Financial Details: Enter if you are a salaried individual or self-employed and your yearly income
Health information: You need to fill in if you are a frequent smoker/tobacco user and alcohol drinker
Premium Amount: Fill in the suitable premium amount that is feasible for you to pay regularly

How to Calculate Maturity Amount of SBI Life Policy?

You can calculate the maturity amount using an SBI life insurance 7 years plan calculator by following the below steps:

Step 1: Go to the Life Insurance Calculator page
Step 2: Enter your age, gender, annual income, marital status, and number of kids
Step 3: Fill in the type or name of the policy, policy tenure of 7-years, premium payment term, the suitable premium amount, and add-on riders you want to add, and check out the estimated maturity amount

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⁺

Key Factors That Affect Your SBI Life 7-Year Maturity Amount

Maturity value is not fixed for every policyholder. It changes based on several inputs you provide while using the SBI Life Insurance plan maturity calculator. Understanding these factors helps you get more accurate estimates and choose the right plan.

Age of the policyholder
Your age directly impacts the maturity amount. Younger applicants usually get higher projected returns because insurers consider them lower risk.

Chosen premium
When you pick a higher premium, the maturity value goes up. The calculator uses your premium amount to figure out the bonuses and savings part, which make up the final payout.

Type of SBI Life plan
Different SBI Life plans follow different benefit structures. For example, participating plans may offer bonuses, while guaranteed plans offer fixed maturity benefits. The plan you choose has a significant impact on the final number the calculator displays.

Enhanced protection with riders
Riders enhance coverage but can slightly reduce the maturity amount because a part of your premium is used to pay for the extra protection. The calculator adjusts the maturity value based on the riders you select.

Payment frequency
Whether you pay premiums monthly, quarterly or annually affects the final estimate. Annual premiums often result in better maturity projections because they have lower overall charges.

Wrapping It Up!

An SBI Life Insurance 7 year plan maturity calculator is an easy and convenient tool to save time while estimating the maturity amount of an SBI life insurance plan. You can use the calculator to easily make comparisons about the SBI life plans that offer the most suitable maturity at affordable premium rates.

Note: Check all the best term insurance plan in India.

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

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FAQ's

Q. How do you figure out the SBI Life Insurance maturity amount?

Ans: The SBI Life maturity calculator can help you figure out how much your SBI Life Insurance plan will be worth when it matures. Enter your age, the amount of your premium, the type of policy you have, the length of time you have to pay your premium, and the 7-year term. The tool then uses guaranteed benefits, bonuses (if any), and any riders you add to figure out how much you will get at maturity. Before you buy the policy, this gives you a clear idea of what to expect.
Q. Can I use the SBI Life maturity calculator for free?

Ans: Yes. The SBI Life Insurance 7-Year Maturity Calculator is free to use. You don't have to sign up, log in, or share private files to use it.
Q. Is the amount of maturity taxable?

Ans: Section 10(10D) says that life insurance maturity benefits may not be taxed, but this depends on the current tax laws and the terms of the policy. Before you make a choice, always check the most recent tax rules.

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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. 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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