SBI Life Insurance 20-Year Plan: A Smart Choice for Long-Term Financial Security

SBI Life Insurance offers a variety of life insurance plans designed to provide financial protection and long-term stability. If you are looking for a comprehensive policy with a 20-year tenure, SBI Life's 20-year plans can be an excellent choice. These plans ensure that your family remains financially secure in your absence while also offering savings and investment benefits.

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₹1 Crore Life cover starting from ⁺

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What is the SBI Life 20-Year Plan?

An SBI Life Insurance 20-year plan is a life insurance policy that provides coverage for a fixed term of 20 years. These plans offer various benefits, including life cover, maturity benefits (for eligible plans), tax advantages, and additional rider options. They are ideal for individuals seeking a balance between financial security and long-term wealth creation

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 20-Year Plans

Long-Term Coverage – Ensures financial protection for your family for 20 years.
Affordable Premiums – Choose from multiple premium payment options to suit your budget.
Maturity Benefits – Select SBI Life plans to provide a maturity payout at the end of 20 years.
Tax Benefits – Avail tax savings under Sections 80C and 10(10D) of the Income Tax Act.
Flexible Payout Options – Choose between a lump sum, monthly income, or a combination.
Additional Riders – Enhance your coverage with riders like Accidental Death Benefits, Critical Illness, 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 20-Year Plan

Comprehensive Financial Protection: In case of an unfortunate event, your nominee receives the sum assured, ensuring their financial stability.
Wealth Creation & Savings: Endowment and investment-linked plans offer a savings component along with life insurance.
Flexibility in Premium Payment: Choose between single, regular, or limited premium payment terms to match your financial planning.
High Claim Settlement Ratio: SBI Life is known for its high claim settlement ratio, making it a reliable choice for policyholders.
Customized Plans with Riders: Get additional coverage for critical illnesses, accidental death, and premium waivers in case of disability.

Popular SBI Life 20-Year Plans

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

How to Buy SBI Life 12-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.

Summing It Up

An SBI Life 20-year plan is an excellent financial tool for securing your family's future while providing potential savings and investment benefits. Whether planning for retirement, your child's education, or simply want to ensure financial stability for your loved ones, this plan can help you achieve your goals.

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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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