ABSLI Life Shield Plan Vs SBI Life Sampoorn Suraksha Plan

ABSLI Life Shield Plan
Premium starts ₹637/month
Claim Settlement Ratio
98.9%
VS
SBI Life Sampoorn Suraksha Plan
Premium starts from ₹670/month
Claim Settlement Ratio
98.3%
₹1 Crore Life cover starting from +
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Know More About Plans

ABSLI Life Shield is a term insurance plan with 8 distinct plan options to choose from. 100% of the premiums are returned to the policyholder at the time of maturity. This term insurance plan allows you to add your spouse to the same plan. You can also cover your spouse under the same policy. Your family can receive the death benefit as a lump sum, or as a lump sum plus an annual income for 10 or 15 years, either fixed or increasing every year.

Here are some key features of this plan:

8 plan options
Joint Life Cover for Spouse
Terminal Illness Benefit Built In
3 Death Benefit Payout Options
Cover Increase at Marriage and Childbirth
Return of Premium Option

SBI Life Sampoorn Suraksha Plan plan is a group term insurance plan purchased by a group for its members rather than by an individual. It is a one-year renewable plan for 10 or more members, with no medical exam up to the Free Cover Limit. Members can be covered from age 16 to 79, riders add accident, disability and critical illness cover, and nominees can take the death benefit in instalments.

Here are some key features of this plan:

One-year renewable group cover
Minimum Group of 10 Members
No Medical Exam up to Free Cover Limit
Optional Spouse Cover for Groups of 250+
Death Benefit in Instalments
Riders for Accident, Disability and Critical Illness

Comparison

Comparison between Plans
ABSLILIFEABSLI Life Shield Plan
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SBILIFESBI Life Sampoorn Suraksha Plan
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About Plan (9 Key Differences)
Key Features
  • 8 plan options to choose from
  • Spouse can be included in the same policy
  • Option to enhance cover at key milestones
  • Yearly renewable life insurance
  • Sum assured payable on death of member
  • Premiums payable in advance
Plan Entry Age
For plan variants 1, 3, 5, 7: 18 to 65 years
For plan variants 2, 4, 6, 8: 18 to 50 years
16 - 79 years
Minimum Group Size
Individual
10 members
Plan Maturity Age
85 years
80 years
Plan Policy Term
Plan variant 1 - 6: 10 - 55 Years
Plan variant 7 & 8: 20 - 55 years
12 months
Premium Paying Term
Single Pay
Limited Pay – 6, 8, 10 Years
Regular Pay
Advance payments
Plan Variants
  1. Level Term Assurance
  2. Level Term Assurance with Waiver of Premium (WOP) Benefits
  3. Increasing Term Assurance
  4. Increasing Term Assurance with Waiver of Premium (WOP) Benefits
  5. Decreasing Term Assurance
  6. Decreasing Term Assurance with Waiver of Premium (WOP) Benefits
  7. Return of Premium
  8. Return of Premium with Waiver of Premium (WOP) Benefit
Not Available
Plan Sum Assured
Minimum: Rs. 25,00,000
Maximum: No Limit
Minimum: Rs. 10,000 per member
Maximum: No Limit
Premium Paying Frequency
Monthly, Quarterly, Half-yearly, Yearly
Monthly, Quarterly, Half-yearly
Terminal Illness Sum Assured
50% of Sum Assured on Death is paid on diagnosis and all future premiums are waived off
Maximum TI: 2.5 crore
Not Available
Payout Options
Lump sum, Installments
Lump sum, Installments
Maturity Benefit
Variants 1-6: No maturity
Variants 7 & 8: Return of premiums paid
Not Available
Claim Settlement Ratio (2025-26)
98.86% (2025-26)
96.81% (Q1 FY 27)

Rider of Different Plans

ABSLI Critical Illness Rider

Get a lump sum benefit on diagnosis of any specified critical illness.

ABSLI Hospital Care Rider

Receive ICU benefits and daily cash benefits along with a lump sum amount for hospital recovery.

ABSLI Surgical Care Rider

Get paid a surgery benefit to cover your surgical costs.

ABSLI Accidental Death Benefit Rider Plus

Add this rider for added protection against accidental death.

ABSLI Accidental Death and Disability Rider

An accidental death or disability amount is payable in case of accidental permanent disability or accidental death.

SBI Life - Group Rider - Accidental Death

The rider sum assured is paid if the member dies due to an accident.

SBI Life - Group Rider - Accidental Total Permanent Disability

The rider sum assured is paid if the member is totally and permanently disabled due to an accident

SBI Life - Group Rider - Accidental Partial Permanent Disability

The rider sum assured is paid if the member is partially, permanently and irreversibly disabled due to an accident.

SBI Life - Accelerated - Core Critical Illness

Get the added payment on diagnosis of specific critical illness

SBI Life - Accelerated - Extended Critical Illness

The additional benefit is paid on diagnosis or earlier death

SBI Life - Additional - Core Critical Illness

Full basic sum assured is paid on subsequent death of the life assured.

SBI Life - Additional - Extended Critical Illness

Get an additional payment on surviving 30 days after contracting a critical illness.

˜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

+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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˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.


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