SBI Life Insurance 1 Lakh per year

SBI life insurance for 1 Lakh per year is an insurance plan that offers financial protection to your family and gives you a chance to create wealth in the long run. With these plans, you can beat inflation in the long run, build wealth for your family and save on your yearly taxes. These plans have an average annual premium of over 1 Lakh and are thus suited for HNIs and UHNIs who can afford such plans. Let us look at some of the SBI life insurance 1 Lakh per year plans suited for UHNIs.

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What are SBI Life Insurance 1 lakh per year Plans?

SBI life insurance offers a comprehensive range of insurance products to cater to various financial needs of the customer. These plans help HNIs, UHNIs, and other individuals secure their and their family’s future. You can choose from their wide range of plans and select the most suitable plans as per your requirements.

Benefits of Buying SBI Life Insurance 1 Lakh per Year

Here is a list of benefits you can claim with SBI Life insurance 1 Lakh per year:

Comprehensive Plans: SBI life insurance plan offers various life and term insurance plans that offer comprehensive coverage and benefits to suit the needs of customers from all walks of life.
Financial Security: These plans help you secure your loved ones financially in the event of your unfortunate demise during the policy term.
Wealth Creation: With SBI life insurance 1 lakh per year, you can create wealth in the long run by investing in different funds through these plans and gaining benefits.
Online Purchase: SBI life insurance allows you to purchase these plans online at affordable premiums and track the updates of the policy at your convenience.
High CSR: SBI life insurance has a high CSR of 95% for FY 2022-23, which indicates that the insurer settled most of the claim requests received by the company and is thus a reliable insurer from which to buy life insurance plans.

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⁺

SBI Life Insurance Plans for 1 Lakh Per Year

Here is a list of all the SBI life insurance 1 lakh per year in India:

SBI life insurance 1 lakh per year	Entry Age	Maturity Age	Policy Term	Sum Assured
SBI Life eShield Plan	18 - 65 years	85/100 years	5 - (85 - Entry age) years	75 Lacs - 10 Crores
SBI Smart Swadhan Plus	18 - 65 years	23 - (70 - Entry age) years	5 - 35 years	20 Lacs - 10 Crores
SBI Life Smart Privilege	8/13 - 55 years	18 - 70 years	5/10 - 30 years	-

* You can use the SBI life insurance 1 lakh per year maturity calculator to get an estimate of the maturity benefits you will receive with the desired cover.

SBI Life eShield Plan

This SBI life insurance 1 lakh per year plan is suited for individuals who have a high net worth like the UHNIs. This is a pure protection plan that offers the death benefit to the nominee of the policy in case of the policyholder's death during the policy term.

Benefits
- This term insurance plan provides life cover at an affordable premium for long tenure
- The plan offers 4 plan options from which you can choose the most suitable option
- You can choose to avail of accidental death benefit cover with this plan
- The plan rewards you for maintaining a healthy lifestyle
- You can get tax benefits as per the prevailing tax laws
SBI Smart Swadhan Plus

This life insurance plan is pure risk cover that provides the chance to receive the premiums paid at the end of the policy. This SBI life insurance 1 Lakh per year offers the following benefits:

Benefits
- This SBI term insurance plan can be purchased for housewives as well
- You can pay the premiums in a single, limited, or regular premium payment term
- The limited premium payment term under the plan is of 5, 10, and 15 years
- The plan can only be purchased by individuals between the age of 18 to 65 years
- You can claim term insurance tax benefits as per the prevailing tax laws
SBI Life Smart Privilege

This is a ULIP plan that offers the chance to create wealth in the long term while protecting your loved ones during the policy tenure. These plans are the most suitable life insurance for HNIs or UHNIs.

Benefits
- You can choose from 11 different fund options
- This life insurance plan offers loyalty additions and no premium allocation charges from 6th policy year
- You can pay the premiums in a single go, limited or regular premium payment term
- There will be no administrative charges throughout the policy term
- You can claim tax benefits as per the prevailing tax laws of the IT Act, 1961

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Wrapping it Up!

The SBI life insurance 1 lakh per year is one of the most suitable for HNIs and UHNIs. This is because these plans have an annual premium of Rs 1 Lakh per year, which can usually be afforded by high net worth individuals. You can go through the list of above plans and choose the one suited for your needs.

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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˜Top plans are based on annualized premium, for bookings made through https://www.policybazaar.com in FY 25.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

+Rs. 487/month (Rs.16/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 38 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.

+Rs. 820/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 38 years of age.

+Rs. 1,443/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 38 years of age.

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