SBI Smart Shield Term Insurance Premium Calculator

SBI Smart Shield Term Insurance

SBI Smart Shield Term Insurance is an individual, non-participating, non-linked pure risk protection plan that meets all your insurance requirements. The plan is specially designed for those who want financial security at low premium costs so that your loved ones stay protected, even when you are not around. 

Note: Now that you know that what is SBI Smart Shield Term Insurance, you should also get to know about what is term insurance to buy a term plan for your loved ones.

Key Features of SBI Smart Shield Term Insurance Plan 

Below are some of the key features of SBI Smart Shield Term Insurance Plan: 

• 2 plan options- Level term insurance and increasing term assurance, are available that gives you complete freedom from liabilities 

• Discounts on Large sum assured amounts 

• Plan rewards you for maintaining a good lifestyle 

• Customization option is also available by selecting from a number of additional benefits such as Accidental total and permanent disability benefit rider, Accidental death benefit rider. 

• In case of death of the policyholder, effective sum assured amount as on the date of death will be paid to the nominees/beneficiary 

• Get Tax benefits as per the prevailing laws of the Income Tax Act, 1961. 

Introduction To SBI Smart Shield Term Insurance Premium Calculator

SBI Smart Shield Term Insurance Premium Calculator is an easy to use and freely accessible online tool that helps compute the premium amount that a buyer is required to pay for the chosen insurance coverage and plan benefits. A term calculator takes different factors into consideration such as age, income, health conditions, number of dependents, and marital status to offer you the right estimate on the premium amount that rightly fits your requirements and life objectives. 

How to Use SBI Smart Shield Term Insurance Calculator 

SBI Smart Shield Term Insurance Premium Calculator is comparatively hassle-free and easy to understand. One can simply determine the premium payable during the policy term within a couple of clicks. Customers can make an online premium payment on the official website of SBI and buy the plan from the comfort of their houses by using the SBI Smart Shield Term Insurance Premium Calculator. 

Steps to Use the SBI Smart Shield Term Insurance Premium Calculator

Following are the steps to use the SBI Smart Shield Term Insurance Premium Calculator: 

• Visit the official website of SBI Life 

• Then, on the home page, click on the individual plan present under the product option 

• Click on the SBI Smart Shield Term Insurance plan 

• You will be redirected to the new page where you can get all the information related to plan 

• Click on the tab to calculate the premium amount 

• Once the premium calculator opens, enter the required details such as the desired sum assured, policy term, premium paying term date of birth, gender, smoking habits, etc. 

• After submitting all the correct details, click on calculate the premium 

• The estimated premium of the plan will be displayed on the screen

Benefits of SBI Smart Shield Term Insurance Premium Calculator

SBI Smart Shield Term Insurance Premium Calculator offers the following number of benefits: 

1. Saves a lot of time 

   With SBI Smart Shield Term Insurance Premium Calculator, customers can save a lot of time. A customer can buy an SBI Smart Shield term insurance plan in a few clicks by checking the plan features and benefits. It eliminates the need to visit the bank branch or stand in long lines. 

2. Cost-saving 

   The customer can use the SBI Smart Shield Term Insurance Premium Calculator free of cost on the company’s website. It offers a hassle-free experience to the customer. Also, you can avail of the highest possible term cover amount that suits your requirements. 

3. Comparison of different term plans 

   Customers can compare features and benefits of the SBI Smart Shield term insurance plan with other term plans at one go. 

4. Choose the Right amount of Term cover 

   SBI Smart Shield Term Insurance Premium Calculator gives you an estimate of the term cover amount that helps cover your family’s financial requirements and liabilities and the premium payable under the SBI term plan. The selection of coverage depends on various parameters such as existing liabilities, annual income, number of dependents, marital status, and several other parameters. 

5. Instant Results

   The calculator offers accurate and prompt results, which is unlikely when it is done manually

6. Helps in Financial Planning 

   Once the buyer gets an idea of the premium amount that is expected to pay regularly, he/she can plan their budget accordingly.

   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.