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SBI Life · 111N140V02

SBI Life Smart Swadhan Supreme

SBI Life Smart Swadhan Supreme (IRDAI UIN 111N140V02) is a term life insurance plan for people aged 18 to 60 at entry, with cover up to age 75.

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 Swadhan Supreme is a term life insurance plan from SBI Life. Key specifications: maximum entry age 60 years, maximum maturity age 75 years, death claims settled (insurer) 98.34%.

Sample premium ₹22,284 a year*

*For: Brochure Illustration I: female (Miss Sharma), age 30, Sum Assured Rs 1,00,00,000, policy term 30 years, premium payment term 30 years, yearly, base policy instalment premium Rs 22,284 (Waiver of Premium Rider extra Rs 1,064). Smoker status not stated; brochure notes GST exemption for individual life policies w.e.f. 22 Sep 2025. NOTE: FEMALE profile; no male figure published.. Your premium will differ.

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Maximum entry age
60 years
Maximum maturity age
75 years
Death claims settled (insurer)
98.34%

Pros

  • Return-of-premium option available

Cons

  • Cover ends earlier than 85% of the 27 term life insurance plans on Comparezi that state it (age 75)

Who should avoid it

  • Not ideal for Cover to an older age · What matters most? (pick any) #24 of 29

Full specifications

Eligibility

Minimum entry age 18 years
Maximum entry age 60 years
Maximum maturity age 75 years
Policy term RP: 10 to 30 years; LPPT-7 & 10: 15 to 30 years; LPPT-15: 20 to 30 years
Minimum sum assured ₹25,00,000
Maximum sum assured No Limit, subject to Board Approved Underwriting policy

Plan

Premium payment Regular Premium or Limited Premium Payment Term of 7, 10 or 15 years; Yearly, Half-Yearly and Monthly
Return of premium option Yes
Death benefit payout Lumpsum
Riders SBI Life - Accident Benefit Rider (UIN 111B041V01), SBI Life - Waiver of Premium Rider (UIN 111B048V01)
Waiver of premium Optional SBI Life - Waiver of Premium Rider (UIN 111B048V01)

Premium

Sample annual premium ₹22,284
Sample premium is for Brochure Illustration I: female (Miss Sharma), age 30, Sum Assured Rs 1,00,00,000, policy term 30 years, premium payment term 30 years, yearly, base policy instalment premium Rs 22,284 (Waiver of Premium Rider extra Rs 1,064). Smoker status not stated; brochure notes GST exemption for individual life policies w.e.f. 22 Sep 2025. NOTE: FEMALE profile; no male 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 111N140V02

About the Smart Swadhan Supreme

SBI Life Smart Swadhan Supreme (IRDAI UIN 111N140V02) is a term life insurance plan for people aged 18 to 60 at entry, with cover up to age 75. 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 60 years
  • Maximum maturity age: 75 years
  • Policy term: RP: 10 to 30 years; LPPT-7 & 10: 15 to 30 years; LPPT-15: 20 to 30 years
  • Minimum sum assured: ₹25,00,000
  • Maximum sum assured: No Limit, subject to Board Approved Underwriting policy

Plan options

  • Premium payment: Regular Premium or Limited Premium Payment Term of 7, 10 or 15 years; Yearly, Half-Yearly and Monthly
  • Return of premium: Covered
  • Death benefit payout: Lumpsum
  • Riders: SBI Life - Accident Benefit Rider (UIN 111B041V01), SBI Life - Waiver of Premium Rider (UIN 111B048V01)
  • Waiver of premium: Optional SBI Life - Waiver of Premium Rider (UIN 111B048V01)

How it compares on Comparezi

Of the 27 term life insurance plans on Comparezi with a stated maximum maturity age, 23 have a longer one and 3 have the same.

Premium

It depends on your age, cover, city and options. SBI Life's own published premium table gives ₹22,284 a year for this profile: Brochure Illustration I: female (Miss Sharma), age 30, Sum Assured Rs 1,00,00,000, policy term 30 years, premium payment term 30 years, yearly, base policy instalment premium Rs 22,284 (Waiver of Premium Rider extra Rs 1,064). Smoker status not stated; brochure notes GST exemption for individual life policies w.e.f. 22 Sep 2025. NOTE: FEMALE profile; no male 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.

Alternatives

Alternatives to the Smart Swadhan Supreme

All term life insurance →

Aditya Birla Sun Life

Super Term Plan

  • 65 years Maximum entry age
  • 85 years Maximum maturity age
  • 98.65% Death claims settled (insurer)
Sample premium ₹19,400 a year*

Ageas Federal Life

iSecure Plan

  • 65 years Maximum entry age
  • 85 years Maximum maturity age
  • 98.52% Death claims settled (insurer)
Sample premium ₹14,640 a year*

Similar cover

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Head to head

Compare the Smart Swadhan Supreme

Questions

Smart Swadhan Supreme FAQs

It depends on your age, cover, city and options. SBI Life's own published premium table gives ₹22,284 a year for this profile: Brochure Illustration I: female (Miss Sharma), age 30, Sum Assured Rs 1,00,00,000, policy term 30 years, premium payment term 30 years, yearly, base policy instalment premium Rs 22,284 (Waiver of Premium Rider extra Rs 1,064). Smoker status not stated; brochure notes GST exemption for individual life policies w.e.f. 22 Sep 2025. NOTE: FEMALE profile; no male figure published. Your premium will differ; get a quote from the insurer.

111N140V02. The UIN identifies the exact product version filed with IRDAI; check it on your policy documents.

From 18 years to 60 years; limits can differ by plan option.

Up to age 75 at most; the limit can differ by plan option.

Yes, as an option or variant; the base cover pays only on death.

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), SBI Life - Waiver of Premium Rider (UIN 111B048V01).

Data sources

  • Manufacturer official pages

Last updated

Product details

Disclosure

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