SBI Life 15 Years Plan: Benefits, Features and Eligibility

SBI Life Insurance offers various life insurance plans to secure your financial future. If you're looking for a long-term protection plan, the SBI Life 15-year plan is an excellent choice. This plan provides comprehensive coverage, financial stability, and additional benefits tailored to your needs.

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₹1 Crore Life cover starting from ₹478/month⁺

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What is SBI Life 15 Years Plan?

The SBI Life 15-Year Plan is a long-term life insurance policy that provides financial security and comprehensive coverage for a tenure of 15 years. It offers benefits such as life cover, maturity benefits (in select plans), tax savings under Section 80C and 10(10D), and flexible premium payment options. Policyholders can also enhance their coverage with riders like accidental death benefits and critical illness coverage. This plan is designed to ensure peace of mind by securing the future of your loved ones while also serving as a smart financial planning tool.

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 Features of SBI Life 15-Year Plan

Long-Term Coverage: Provides life insurance protection for 15 years, ensuring financial security for your family.
Affordable Premiums: Life insurance plans offer flexible premium payment options that fit different budgets.
Maturity Benefits: Some SBI Life 15-year plans offer maturity benefits if the policyholder survives the tenure.
Tax Benefits: Eligible for tax deductions under Section 80C and tax-free payouts under Section 10(10D) of the Income Tax Act.
Flexible Payout Options: Lump sum or monthly payouts for better financial planning.
Additional Riders: Enhance coverage with add-ons like accidental death benefit, critical illness rider, and disability cover.

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₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

Benefits of SBI Life 15-Year Plan

Financial Security for Family

With this plan, your loved ones receive a death benefit in case of an unfortunate event, ensuring they stay financially secure.

Guaranteed Maturity Payouts

Some SBI Life 15-year plans offer maturity benefits, returning the sum assured or premium payments at the end of the term.

Premium Payment Flexibility

Depending on your financial preferences, choose from single, limited, or regular premium payment options.

High Claim Settlement Ratio

SBI Life has a high claim settlement ratio, ensuring a hassle-free claim process for beneficiaries.

Customizable Plans with Riders

Enhance your coverage with additional riders like accidental death benefits, waiver of premium, and critical illness coverage.

Popular Plan for SBI Life 15 Year Plan

SBI Life Insurance Plans	Entry Age	Maturity Age
SBI Life Smart Shield Premier	18 years	85 years
SBI e-shield next	18 years	65 years

How to Buy SBI Life 15-Year Plan?

You can buy SBI Life insurance plan online by following the below-mentioned steps:

Step 1: Visit Policybazaar and go to ‘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.

Wrapping Up

The SBI Life 15-year plan is an ideal life insurance policy for individuals seeking financial protection, tax benefits, and long-term security. Whether you’re securing your family’s future or planning for retirement, this plan offers multiple benefits that align with your financial goals. Compare different SBI Life plans today and choose the best one that suits your needs!

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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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