Understanding SBI Life Insurance 5-Year Plan Benefits

SBI Life Insurance offers various short-term plans, including 5-year life insurance policies, that provide financial security and peace of mind. Whether you’re looking for term insurance, endowment plans, or investment-linked policies, SBI Life has tailored options to meet different financial goals. Let’s learn the benefits of SBI Life Insurance 5-year plans, their features, and why they are a great choice.

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₹1 Crore Life cover starting from ⁺

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Key Benefits of SBI Life Insurance 5-Year Plans:

Here are some of the key benefits of 5 year plan offered by SBI Life Insurance:

Short-Term Financial Security

A 5-year life insurance policy ensures that your family is financially protected in case of unforeseen circumstances. Life insurance plans offer a lump sum payout in the event of the policyholder’s demise.

Affordable Premiums

Short-term plans often come with low premium rates, making them budget-friendly for policyholders who want life coverage without long-term commitments.

Tax Benefits

Policyholders can avail tax deductions under Section 80C of the Income Tax Act, and the maturity benefits are tax-free under Section 10(10D).

Flexible Payment Options

SBI Life Insurance and SBI Term insurance plans offer multiple premium payment modes, including monthly, quarterly, and yearly, allowing customers to choose according to their financial convenience.

Maturity Benefit

On maturity, you will receive the maturity amount per the plan's terms and conditions. This lump sum can be used to achieve your short-term financial goals.

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⁺

Who Should Consider an SBI Life Insurance 5-Year Plan?

Individuals with short-term financial goals.
Those seeking a blend of investment and life coverage.
Risk-averse individuals looking for guaranteed returns (where applicable).
Tax-conscious individuals looking to maximize their savings.

Why Should You Choose an SBI Life 5-Year Insurance Plan?

Short-term commitment with significant benefits.
Ideal for working professionals seeking risk coverage with savings.
Customizable plans to fit different financial needs.
Reliable and trusted insurer with a strong claim settlement ratio.

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

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How can you buy SBI Life Insurance Plans from Policybazaar?

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.

Important Considerations Before Buying SBI Life Insurance 5-Year Plan

Carefully review the policy terms and conditions before purchasing.
Understand the guaranteed returns (if applicable) and any associated charges.
Ensure the life coverage amount aligns with your family's financial needs.

Wrapping Up

SBI Life Insurance’s 5-year plans offer financial security, affordability, and quick returns, making them a great option for individuals seeking short-term coverage. Whether you seek term insurance, wealth growth, or guaranteed returns, these plans ensure peace of mind while protecting your loved ones.

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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

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