Prices Increasing soon Prices Increasing Soon

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 best suited for HNIs and UHNIs who can afford such plans. Let us look at some of the best SBI life insurance 1 Lakh per year plans best suited for UHNIs.

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
6.7 Crore
Registered Consumers
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:-

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

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. 

one crore term plan

Term Plans


Life Cover

@ Starting from ₹ 16/day+


Life Cover

@ Starting from ₹ 8/day+


Life Cover

@ Starting from ₹ 12/day+

Best 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 -
  1. SBI Life eShield Plan

    This SBI life insurance 1 lakh per year plan is best 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.


    • 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

  2. 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:


    • 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

  3. 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.


    • 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

one crore term plan

Secure Your Family Future Today


Term Plan Starting @ ₹449/month+

Get an online discount of upto 10%+

Compare 40+ plans from 15 Insurers

+Standard T&C Applied

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 best suited for your needs.

Premium By Age

Term insurance articles

  • Recent Article
  • Popular Articles
07 May 2024

Term Insurance for 45K Salary Individuals

In life, unpredictability looms large, and while you may

Read more
07 May 2024

Term Insurance for 30K Salary Individuals

Turning your dreams into reality, like owning your home and car

Read more
11 Apr 2024

Government Term Insurance Schemes 2024

The Government of India is committed to the welfare and

Read more
03 Apr 2024

How Policybazaar Helps With Dedicated Claim Assistance

Mr. Kumar has been working with a Public sector bank in Delhi.

Read more
19 Mar 2024

Kotak Term Insurance Login

Kotak Life Insurance is one of the leading insurers offering a

Read more
20 Aug 2014

Term Insurance for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more
03 Dec 2020

What Is Saral Jeevan Bima

Saral Jeevan Bima (SJB) is a simple term insurance plan that offers financial protection for policyholder’s

Read more
13 Apr 2021

2 Crore Term Insurance Plan

2 Crore term insurance provides cover amount of 2 Crore as death benefit to your family in the event of your

Read more
07 Mar 2023

TATA AIA Smart Sampoorna Raksha Param Rakshak Plus

TATA AIA Smart Sampoorna Raksha Param Rakshak Plus is a comprehensive life insurance policy for individuals

Read more
20 Sep 2021

Term Insurance for Diabetics

A lot of people suffer from diabetes in India and one of the most common challenges they face is getting suitable

Read more
Need Help? Request Callback
View Plans
Download the Policybazaar app
to manage all your insurance needs.