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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.

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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.

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⁺

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	-

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.

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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₹1 CRORE

Term Plan Starting @ ₹449/month⁺

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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 best suited for your needs.