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SBI Life · 111N150V01

SBI Life Smart Shield Plus

SBI Life Smart Shield Plus (IRDAI UIN 111N150V01) is a term life insurance plan for people aged 18 to 65 at entry, with cover up to age 100.

Premiums depend on age, cover, city, health and the options you choose. Where the insurer published a premium, the figure shown is for the exact profile stated next to it; your premium will differ. Comparezi does not sell insurance or give advice: check the insurer's prospectus and policy wording, which prevail.

In short

SBI Life Smart Shield Plus is a term life insurance plan from SBI Life. Key specifications: maximum entry age 65 years, maximum maturity age 100 years, death claims settled (insurer) 98.34%. Among term life insurance here it fits best for cover to an older age.

Sample premium ₹19,634 a year*

*For: Brochure 'Sample Premium Rates' (indicative annual premiums): Level Cover/Level Cover with Future Proofing Benefit, Regular Premium, Sum Assured Rs 2 crore, healthy non-smoker male, age 30, term 30 years: Rs 19,634. Brochure notes individual life policies are exempt from GST w.e.f. 22 Sep 2025. NOTE: SA Rs 2 crore (no Rs 1 crore figure published).. Your premium will differ.

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Maximum entry age
65 years
Maximum maturity age
100 years
Death claims settled (insurer)
98.34%

Pros

  • Cover can run to age 100, later than 81% of the 27 term life insurance plans on Comparezi that state it

Who should buy it

  • Best for Cover to an older age · What matters most? (pick any) #1 of 29 term life insurance for this

Full specifications

Eligibility

Minimum entry age 18 years
Maximum entry age 65 years
Maximum maturity age 100 years
Policy term Other than whole life: 5 to (79 less age at entry) years for Single/Regular Pay (minimum 10 years for Increasing Cover); Limited Pay 10/15/20/25: 15/20/25/30 to (79 less age at entry); Whole life (Limited Pay only): 100 less age at entry
Minimum sum assured ₹25,00,000
Maximum sum assured No limit; as per the Board approved Underwriting Policy

Plan

Plan options Level Cover Benefit, Increasing Cover Benefit, Level Cover with Future Proofing Benefit; optional Better Half Benefit
Premium payment Single Pay, Regular Pay (same as policy term), Limited Pay (10, 15, 20 or 25 years); Single, Yearly, Half-yearly & Monthly modes
Return of premium option No
Death benefit payout Lumpsum; installments every month/quarter/half-year/year for 5/10/15/20 years; part lumpsum and rest in installments (chosen by nominee)
Riders SBI Life - Accident Benefit Rider (UIN 111B041V01): Option A Accidental Death Benefit, Option B Accidental Partial Permanent Disability Benefit

Premium

Sample annual premium ₹19,634
Sample premium is for Brochure 'Sample Premium Rates' (indicative annual premiums): Level Cover/Level Cover with Future Proofing Benefit, Regular Premium, Sum Assured Rs 2 crore, healthy non-smoker male, age 30, term 30 years: Rs 19,634. Brochure notes individual life policies are exempt from GST w.e.f. 22 Sep 2025. NOTE: SA Rs 2 crore (no Rs 1 crore figure published).

Insurer

Death claims settled (insurer) 98.34%
Claims figures for FY 2024-25: individual death claims paid out of claims decided and pending, by number, computed from IRDAI Handbook on Indian Insurance Statistics (Table 15)
IRDAI UIN 111N150V01

About the Smart Shield Plus

SBI Life Smart Shield Plus (IRDAI UIN 111N150V01) is a term life insurance plan for people aged 18 to 65 at entry, with cover up to age 100. It is one of 29 term life insurance plans on Comparezi, from SBI Life.

Information only. Comparezi does not sell insurance, does not give advice and is not paid by insurers. The policy wording issued by the insurer prevails over this summary.

Eligibility and cover

  • Entry age: 18 to 65 years
  • Maximum maturity age: 100 years
  • Policy term: Other than whole life: 5 to (79 less age at entry) years for Single/Regular Pay (minimum 10 years for Increasing Cover); Limited Pay 10/15/20/25: 15/20/25/30 to (79 less age at entry); Whole life (Limited Pay only): 100 less age at entry
  • Minimum sum assured: ₹25,00,000
  • Maximum sum assured: No limit; as per the Board approved Underwriting Policy

Plan options

  • Options: Level Cover Benefit, Increasing Cover Benefit, Level Cover with Future Proofing Benefit; optional Better Half Benefit
  • Premium payment: Single Pay, Regular Pay (same as policy term), Limited Pay (10, 15, 20 or 25 years); Single, Yearly, Half-yearly & Monthly modes
  • Return of premium: Not covered
  • Death benefit payout: Lumpsum; installments every month/quarter/half-year/year for 5/10/15/20 years; part lumpsum and rest in installments (chosen by nominee)
  • Riders: SBI Life - Accident Benefit Rider (UIN 111B041V01): Option A Accidental Death Benefit, Option B Accidental Partial Permanent Disability Benefit

How it compares on Comparezi

Of the 27 term life insurance plans on Comparezi with a stated maximum maturity age, none has a longer one and 4 have the same.

Premium

It depends on your age, cover, city and options. SBI Life's own published premium table gives ₹19,634 a year for this profile: Brochure 'Sample Premium Rates' (indicative annual premiums): Level Cover/Level Cover with Future Proofing Benefit, Regular Premium, Sum Assured Rs 2 crore, healthy non-smoker male, age 30, term 30 years: Rs 19,634. Brochure notes individual life policies are exempt from GST w.e.f. 22 Sep 2025. NOTE: SA Rs 2 crore (no Rs 1 crore figure published). Your premium will differ; get a quote from the insurer.

About the insurer

SBI Life paid 98.34% of individual death claims in FY 2024-25 (by number of claims, computed from IRDAI's published claim counts).

Similar plans from other insurers

Other term life insurance plans from SBI Life

Sources

Checked 6 November 2026. Values the documents do not state are left out rather than estimated. See how Comparezi checks data.

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Head to head

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Questions

Smart Shield Plus FAQs

It depends on your age, cover, city and options. SBI Life's own published premium table gives ₹19,634 a year for this profile: Brochure 'Sample Premium Rates' (indicative annual premiums): Level Cover/Level Cover with Future Proofing Benefit, Regular Premium, Sum Assured Rs 2 crore, healthy non-smoker male, age 30, term 30 years: Rs 19,634. Brochure notes individual life policies are exempt from GST w.e.f. 22 Sep 2025. NOTE: SA Rs 2 crore (no Rs 1 crore figure published). Your premium will differ; get a quote from the insurer.

111N150V01. The UIN identifies the exact product version filed with IRDAI; check it on your policy documents.

From 18 years to 65 years; limits can differ by plan option.

Up to age 100 at most; the limit can differ by plan option.

No. It is a pure term plan without a return-of-premium option.

98.34% of individual death claims were paid in FY 2024-25, by number of claims, computed from IRDAI's published claim counts. It is an insurer-wide figure, not one for this plan.

SBI Life - Accident Benefit Rider (UIN 111B041V01): Option A Accidental Death Benefit, Option B Accidental Partial Permanent Disability Benefit.

Data sources

  • Manufacturer official pages

Last updated

Product details

Disclosure

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