What problem it solvesReplaces the income you'd have earned, for the years your family still needs it.
How it worksYou pay a small premium; if you die within the term, your nominee gets the full sum assured. If you don't, most pure versions pay nothing back.
What you're paying forPure mortality risk — the insurer pooling your risk with thousands of similar buyers. Almost none of your premium builds a cash value.
What's guaranteedThe death benefit amount and the premium, for the policy term, as long as you keep paying and disclosed the truth at purchase.
What's not guaranteedNothing comes back to you if you survive a pure term plan — that's the trade-off for the low premium.
If you stop payingA short grace period, then the policy lapses and cover ends. Some plans allow revival within a window, with fresh proof of health.
LiquidityEffectively none — there's no cash value to withdraw or borrow against in a pure term plan.
Why does this exist?
Protection exists because dying is expensive for the people left behind, not for the person who died. A 35-year-old earning ₹15 lakh/year and supporting a spouse, two kids and a home loan represents 20+ years of future income the family is financially dependent on. Term insurance is the cheapest way ever invented to replace that income if it stops early — because almost the entire premium goes toward the actual risk, not toward building you a savings pot.
Who might consider it
Anyone whose death would leave dependents financially worse off: an only earning spouse, parents of young kids, anyone who has co-signed a loan, or self-employed people without an employer-provided cover.
Who it's usually not for
Building wealth, "getting your money back," or anyone with no financial dependents and no debt (though even then, a small cover is often cheap enough to be worth it once, before health changes make it more expensive).
Structures inside this category:
Pure TermLevel TermIncreasing TermDecreasing TermTerm + Return of PremiumTerm + Critical Illness / RidersIncome-benefit structuresOther protection-oriented structures
Read the full explainer on protection →
Product data last fetched 26 August 2026. Tap a card to open it.
A pure term life plan sold only online on LIC's own website, offering large covers (₹50 lakh and up) with a choice of flat or gradually increasing payout.
You might need this if
- You want a large term cover (₹50 lakh to several crore) and would rather buy it yourself online than go through an agent.
- You want the option to have your cover grow over time (up to double the original amount by year 15) so it keeps pace with rising expenses, instead of staying flat.
- You'd prefer to finish paying premiums well before the cover ends, using a 10 or 15-year limited premium option instead of paying for the full term.
- You just want a no-frills death benefit — you're not looking for maturity payouts, loans, or investment features.
How it actually works
- Minimum basic sum assured is ₹50 lakh, with no fixed upper cap (larger amounts go through extra underwriting); amounts must be chosen in set multiples depending on the band.
- Pick Option I – Level Sum Assured (cover stays the same for the whole term) or Option II – Increasing Sum Assured (cover holds for 5 years, then rises 10% a year until it doubles by year 15, then stays flat) — this choice is locked in once made.
- Entry age 18–45; policy can run up to 40 years under level cover, with maturity age capped around 75.
- Choose Regular premiums (for the full term), Limited premiums (paid over just 10 or 15 years), or a one-time Single premium.
- Death benefit is the highest of 7× your annualised premium, 105% of all premiums paid, or the chosen sum assured (for single premium: the higher of 125% of the single premium or the sum assured).
- Large sum assured buyers get meaningful premium rebates — bigger cover brings a proportionally cheaper rate per rupee insured.
Worked example
For a 30-year-old non-smoker man buying ₹50 lakh cover for 20 years, the regular annual premium is about ₹4,700 under Option I (Level Sum Assured), rising to about ₹6,600 a year under Option II (Increasing Sum Assured) for the same starting cover.
The tiers
| Basic Sum Assured Band | Rebate (entry age up to 30) | Rebate (entry age 31–45) |
|---|
| ₹50 lakh – ₹1 crore | 0% | 0% |
| ₹1 – 2 crore | 18% | 16% |
| ₹2 – 5 crore | 30% | 28% |
| ₹5 crore and above | 37% | 33% |
Worth knowing
- There's no maturity benefit at all — if you outlive the term, nothing is paid, and there's no policy loan or paid-up value option.
- Dying by suicide within 12 months of starting or reviving the policy pays out only 80% of premiums paid, not the full sum assured.
- This plan is available only through LIC's website — it isn't sold by agents.
- You get a 30-day free-look window to cancel after receiving the policy document, with a refund minus some deductions.
An online plan built to protect an outstanding loan — the death cover shrinks year by year to roughly track how much of a loan would still be owed.
You might need this if
- You've taken a large loan (like a home loan) and want your family shielded from that specific debt if you die before it's repaid.
- You want a cheaper alternative to a level term cover, since a shrinking (decreasing) sum assured costs less than a flat one for matching loan protection.
- You're comfortable buying entirely online and don't need riders or extra features — just loan-linked protection.
How it actually works
- Minimum sum assured is ₹50 lakh, maximum ₹5 crore (higher needs case-by-case underwriting); entry age 18–45, policy term 5–30 years.
- You select a notional interest rate between 6%–12% p.a. (independent of your real loan's rate) which decides the year-by-year Risk Cover Schedule the death benefit follows.
- Premium options are a one-time Single premium or a Limited premium paid over 5, 10, or 15 years — minimums are roughly ₹11,000 (single) or ₹3,000/year (limited).
- Death benefit under limited premium is the higher of 105% of premiums paid or the amount due per the cover schedule that year; under single premium, it's simply the scheduled amount.
- No riders are offered, there's no maturity payout, and no policy loan facility.
- Larger sum assured amounts qualify for meaningful rebates, and women get preferential rates.
Worked example
For a ₹50 lakh cover at 8% notional interest over 25 years, a 30-year-old non-smoker man pays about ₹45,500 as a single premium, or roughly ₹6,250 a year over a 10-year premium term. The actual death cover shrinks steadily each year in line with the chosen interest rate, ending up a small fraction of the original ₹50 lakh by the final year.
Worth knowing
- There's no maturity benefit and no riders — this is purely a shrinking safety net tied to loan repayment, not a general-purpose term plan.
- Suicide within 12 months of starting the policy pays out only 80% of premiums paid.
- Surrender value is generally not available; only a limited 'unexpired risk premium value' applies in specific situations, such as after paying premiums for a minimum number of years.
The agent-sold counterpart to Digi Credit Life — a decreasing term cover designed to pay off an outstanding loan if the borrower dies during the loan tenure.
You might need this if
- You want loan-linked protection like Digi Credit Life, but would rather buy it through an LIC agent or advisor instead of online.
- You're a younger borrower (age 21–45) with a bank-sanctioned loan, and want to start with a lower minimum cover than the plan's standard ₹50 lakh floor.
- You want a cheaper way to protect a loan than a level term plan, since the cover amount is designed to shrink roughly in step with the loan balance.
How it actually works
- Standard minimum sum assured is ₹50 lakh, but it drops to ₹20 lakh for entry ages 21–45 with an approved, sanctioned loan; maximum is ₹5 crore (higher case-by-case).
- Entry age 18–45, maturity age up to 75; policy terms run 5–30 years with single or limited (5/10/15-year) premium options.
- A notional interest rate of 6%–12% p.a. is chosen at purchase to set the annual Risk Cover Schedule the sum assured follows, regardless of your actual loan's rate.
- Death benefit under limited premium is the higher of 105% of premiums paid or the scheduled cover amount for that year; under single premium it's just the scheduled amount.
- No maturity benefit, no paid-up value, and no policy loan facility are available.
- High sum assured rebates apply for larger covers, and non-smoker/women applicants get preferential rates based on a cotinine (nicotine) test.
Worked example
For a ₹50 lakh cover, 25-year term, 8% notional interest, non-smoker man: a 30-year-old pays about ₹53,550 as a single premium, or around ₹13,150 a year over a 5-year premium-paying term.
Worth knowing
- This plan is distributed offline through agents, corporate agents, brokers, and marketing firms — it's the offline sibling of Digi Credit Life.
- Suicide within 12 months of commencement or revival limits the payout to 80% of premiums paid.
- No surrender value applies in most cases beyond a limited 'unexpired risk premium value' after several years of premium payment.
The agent-sold twin of Digi Term — a large pure term cover (₹50 lakh+) with a choice of level or increasing payout, bought through an advisor rather than online.
You might need this if
- You want a substantial term cover but would rather work with an LIC agent to buy and manage the policy than go through the website.
- You want the option of a cover that grows automatically over the first 15 years, to better match rising future needs like a growing family or larger loans.
- You'd rather finish paying premiums early (in 10 or 15 years) even though the cover continues for a much longer term.
- You want a straightforward death-only benefit without maturity payouts or cash value.
How it actually works
- Minimum basic sum assured ₹50 lakh, no fixed cap beyond that (subject to underwriting); entry age 18–45, maturity age up to 75.
- Choose Option I – Level Sum Assured (flat cover throughout) or Option II – Increasing Sum Assured (cover holds for five years, then rises 10% annually until it doubles by year 15, then stays level).
- Premium can be paid as Regular (through the full term), Limited (10 or 15 years), or Single premium; policy terms run 15–40 years depending on the option chosen.
- Death benefit under regular/limited premium is the highest of 7× annualised premium, 105% of premiums paid, or the chosen sum assured; under single premium it's the higher of 125% of the premium or the sum assured.
- Beneficiaries can choose to receive the death benefit as instalments over 5, 10, or 15 years instead of a lump sum.
- High sum assured rebates reduce the effective rate for larger covers, with the biggest discounts (up to roughly 40%) at the highest sum assured bands for younger buyers.
Worked example
For a 30-year-old non-smoker man with ₹50 lakh cover over 20 years, the regular annual premium is about ₹5,950 under Level Sum Assured, or about ₹8,250 under Increasing Sum Assured.
Worth knowing
- Nothing is paid at maturity if you survive the term — there's no cash value, paid-up option, or policy loan.
- Suicide within 12 months of starting or reviving the policy limits the payout to 80% of premiums paid.
- The Level vs Increasing sum assured choice is locked in at purchase and can't be changed later.
LIC's earlier online-only pure term plan, offering life cover bought directly through LIC's website without an agent.
You might need this if
- You want a pure term life cover bought directly online, without going through an insurance agent.
- You want a straightforward death benefit for your family, without any savings or maturity component.
- You're comparing LIC's online-sold term products (this was the plan before Digi Term) alongside its offline options.
How it actually works
- It is a non-participating (non-par) pure term assurance plan, meaning it pays a death benefit only and does not share in LIC's profits.
- It is sold exclusively through LIC's own website as a direct, agent-free purchase.
- Typical LIC term plan features apply, including a choice of premium payment structure and standard exclusions like a suicide clause in the early policy months.
- Exact current eligibility ages, sum assured ranges, and premium figures could not be confirmed for this summary.
Worth knowing
- The official brochure PDF could not be retrieved after repeated attempts, so this summary is based only on the plan's name, category, and LIC's general product pattern for online term plans — not on the actual brochure text.
- Readers should verify current eligibility, sum assured limits, and premium rates directly with LIC or its website before relying on this summary.
- As with other LIC pure term plans, expect no maturity benefit if you survive the policy term.
No public brochure found. The points above are general pointers based on this plan's name and category, not verified against the actual document — confirm details with the insurer before relying on them.
Full page →
LIC's earlier offline pure term plan, the agent-sold counterpart to New Tech-Term, offering straightforward death-only life cover.
You might need this if
- You want a pure term life cover but prefer buying through an LIC agent or advisor rather than online.
- You want a plain death benefit for your dependents without any savings or investment element.
- You're comparing LIC's offline term offerings before deciding between agent-assisted and self-serve online purchase.
How it actually works
- It is a non-participating (non-par) pure term assurance plan, paying a death benefit only, with no profit-sharing bonuses.
- It is distributed offline through LIC agents, corporate agents, brokers, and marketing firms, as the offline sibling of New Tech-Term.
- Standard LIC term-plan conventions are expected to apply, such as a choice between level and increasing cover, and multiple premium-paying structures.
- Exact current eligibility ages, sum assured ranges, and premium figures could not be confirmed for this summary.
Worth knowing
- The official brochure PDF could not be retrieved after repeated attempts, so this summary is based only on the plan's name, category, and LIC's general product pattern for offline term plans — not on the actual brochure text.
- Readers should verify current eligibility, sum assured limits, and premium rates directly with LIC or an authorised agent before relying on this summary.
- As with other LIC pure term plans, expect no maturity benefit if you survive the policy term.
No public brochure found. The points above are general pointers based on this plan's name and category, not verified against the actual document — confirm details with the insurer before relying on them.
Full page →
A simple, standardised term plan design mandated by IRDAI, sold identically across all Indian insurers, meant to make comparing basic term covers easy.
You might need this if
- You want a term plan that's easy to compare across insurers, since Saral Jeevan Bima has the same standard structure and terms at every insurance company by regulatory design.
- You're looking for a smaller, entry-level term cover (₹5 lakh to ₹25 lakh) rather than a multi-crore policy.
- You want flexibility in how you pay — single premium, regular premium, or a limited 5- or 10-year premium term.
- You want a simple, no-jargon term product without riders or add-ons to evaluate.
How it actually works
- Sum assured ranges from ₹5 lakh to ₹25 lakh; entry age 18–65, maximum maturity age 70, policy term 5–40 years.
- Premium can be paid as Single, Regular, or Limited (5 or 10 years); modes include yearly, half-yearly, or monthly with small mode-based loadings (2% half-yearly, 3% monthly).
- During the first 45 days after buying, only accidental deaths get the full death benefit; non-accidental deaths in that window are refunded 100% of premiums paid instead.
- After the 45-day waiting period, the death benefit is the highest of 10× annualised premium, 105% of premiums paid, or the chosen sum assured amount.
- Buying online earns a rebate of roughly 2%–7% depending on the policy term, on top of any high sum assured rebate.
- No riders are offered under this standardised product.
Worked example
For a ₹10 lakh cover over 25 years, a 30-year-old pays roughly ₹4,670 a year (or about ₹52,260 as a single premium) buying offline; buying the same cover online costs a little less, around ₹4,336 a year.
The tiers
| Age | Channel | Annual Premium (₹10L, 25-yr term) | Single Premium |
|---|
| 25 | Offline | ₹3,850 | ₹41,610 |
| 25 | Online | ₹3,574 | ₹40,776 |
| 30 | Offline | ₹4,670 | ₹52,260 |
| 30 | Online | ₹4,336 | ₹51,213 |
| 40 | Offline | ₹8,340 | ₹98,630 |
Worth knowing
- There is no maturity benefit, no surrender value, and no policy loan facility — this is a pure protection plan only.
- Suicide within 12 months of starting the policy is excluded from the full death benefit; only premiums are refunded in that case.
- A grace period of 30 days (yearly/half-yearly) or 15 days (monthly) applies before a missed-premium policy lapses; lapsed policies can be revived within 5 years.
A high-cover pure term plan starting at ₹2 crore, aimed at buyers who want very large protection and the option to increase cover at major life events.
You might need this if
- You need a very large term cover — this plan starts at ₹2 crore minimum sum assured, well above most standard term plans.
- You expect your protection needs to grow with life events, since the plan lets you bump up your cover at marriage or the birth of a child without fresh medical underwriting.
- You want the choice between a flat payout and one that automatically increases over the first 15 years.
- You want the option to add basic accident cover through a rider rather than buying a separate accident policy.
How it actually works
- Minimum sum assured is ₹2 crore with no upper limit (subject to underwriting); entry age 18–65, maturity age can go up to 100.
- Choose Option I – Level Sum Assured or Option II – Increasing Sum Assured (flat for 5 years, then +10%/year until doubling by year 15).
- Premium options include Single premium, Limited premium (5, 10, or 15 years), or Regular premium running to age 100.
- The Life Stage Option (only with Level cover, Regular premium, entry age up to 40) lets you raise your sum assured by 50% at marriage or 25% at each of your first two children's births, within limits, if requested within 6 months of the event.
- An optional Accident Benefit Rider adds a lump-sum payout on accidental death, capped at ₹1 crore in aggregate across LIC policies.
- Buying online earns a 7.5% rebate on regular/limited premiums (3% on single premium), on top of any high sum assured rebate.
Worked example
For ₹2 crore cover (Level Sum Assured) over 20 years, a 30-year-old non-smoker man pays about ₹19,000 a year on regular premium, or roughly ₹2,04,800 as a single premium.
The tiers
| Age | 20-yr Term Regular Annual | Limited 10-yr Annual | Single Premium |
|---|
| 20 | ₹12,600 | ₹19,200 | ₹1,34,600 |
| 30 | ₹19,000 | ₹28,800 | ₹2,04,800 |
| 40 | ₹43,600 | ₹66,600 | ₹4,75,800 |
Worth knowing
- There's no maturity benefit — the entry threshold is high (₹2 crore minimum), so this isn't meant for smaller cover needs.
- The Level vs Increasing sum assured choice is locked in at purchase and cannot be switched later.
- Suicide within 12 months of starting or reviving the policy limits the payout to 80% of premiums paid.
- No policy loan is available under this plan.
A term plan with a twist: if you survive the full policy term, LIC refunds all the premiums you paid, instead of paying nothing like a regular term plan.
You might need this if
- You like the idea of term insurance but dislike the 'if you don't die, you get nothing' feature — this plan returns all your premiums back if you survive to maturity.
- You want a guaranteed, fixed benefit structure (no market-linked or bonus uncertainty) alongside your death cover.
- You want the option to add accident-related riders for extra protection at a low incremental cost.
- You're fine paying a noticeably higher premium than a pure term plan in exchange for getting your money back eventually.
How it actually works
- Minimum basic sum assured ₹15 lakh, no fixed cap; entry age 18–65, policy term 10–40 years, with premium payment matching the policy term (or as a single premium).
- On survival to maturity, you get back the total premiums paid (regular) or the single premium paid (single premium option), excluding taxes and rider costs — not the sum assured.
- On death, the payout is the highest of 7× annualised premium, 105% of premiums paid, or the basic sum assured (for single premium: the higher of 125% of the premium or the sum assured).
- Two optional riders are available: an Accidental Death & Disability Benefit Rider (lump sum plus monthly instalments for disability) and an Accident Benefit Rider (lump sum only, regular premium policies only).
- Buying online earns a rebate — roughly 10% on regular premium, 2% on single premium — plus separate high sum assured rebates of up to 50%.
- Death and maturity benefits can optionally be paid out in instalments over up to 5 years instead of as a lump sum.
Worked example
For a 40-year-old buying ₹50 lakh cover over 20 years, the annual premium is about ₹48,004; on survival to year 20, the plan pays back about ₹9,60,080 in total premiums, while the death benefit throughout stays at the full ₹50 lakh.
Worth knowing
- The 'maturity benefit' is only a refund of premiums paid, not the sum assured — it's meaningfully more expensive than a pure term plan for the same death cover.
- Surrender is allowed only after two full years of premiums (regular) and pays a guaranteed surrender value well below premiums paid in early years.
- Suicide within 12 months of starting or reviving the policy limits the payout to 80% of premiums paid.
- If premiums lapse after two years, the policy converts to a reduced paid-up status rather than terminating outright.
Term
Click 2 Protect Supreme Plus
+
A flexible term plan with three variants (Life, Life Plus, Life Goal) offering optional return of premium, accidental death cover, and family-friendly payout structures.
You might need this if
- You might need this if you want pure high-value life cover at a low cost for family income replacement.
- You might need this if you want to add accidental death cover, or have your family's payout delivered as regular income instead of a lump sum (via the Parent Secure or Education Income Benefit features).
- You might need this if you want all your premiums back at the end of the term when you outlive it (optional Return of Premium).
- You might need this if you anticipate life changes like marriage, a home loan, or a new child, and want to increase your cover later without a fresh medical check (Life Stage Option).
- You might need this if you want the option to pause premiums temporarily during a financial crunch without losing coverage.
How it actually works
- Entry age 18-84 (the Life Goal option caps at 65); pay Regular, Limited (2-25 years), or Single Pay.
- Minimum sum assured is ₹10,000-50,000 depending on the plan option chosen; there's no cap for entry ages up to 65.
- Death benefit is the higher of the sum assured or 105% of premiums paid, targeted to be paid within one working day of claim registration (after a 1-year waiting period).
- Terminal illness benefit accelerates up to ₹2 crore of the death benefit if diagnosed within 6 months of a terminal condition (available until age 80).
- Riders available include Income Benefit on Accidental Disability, Health Plus (critical illness), and LiveWell (multi-benefit).
- Female policyholders get a 15% premium discount; high sum assured (₹10 crore+) and existing-customer/spouse discounts also apply.
Worked example
Mr. Bansal, a 35-year-old businessman earning ₹14 lakh/year, buys ₹1 crore cover for a 40-year term: first-year premium ₹23,119, then ₹25,688/year after. If he dies in policy year 7 (having paid ₹1,77,248 total), his nominee receives the full ₹1 crore.
Worth knowing
- Suicide within 12 months of starting or reviving the policy limits the payout to 80% of premiums paid or the surrender value, whichever is higher.
- Without the Return of Premium option, there's no payout at all if you survive the full term.
- Pre-existing diseases are only covered after 36-48 months, and a lapsed policy must be revived within 5 years (at 9% p.a. interest) or cover lapses permanently.
- Claims from war, hazardous sports, or non-scheduled aviation are excluded.
Term
Click 2 Protect Life
+
A term plan with three variants - a straightforward death-benefit plan, one that rebalances between life cover and critical illness cover, and one that adds monthly income after age 60.
You might need this if
- You might need this if you want a simple lump-sum term plan (Life Protect) for income replacement.
- You might need this if you want your cover to automatically shift toward critical illness protection as you age (Life & CI Rebalance), so a serious diagnosis doesn't wipe out your family's safety net.
- You might need this if you want your death benefit to also fund steady monthly income after retirement (Income Plus).
- You might need this if you want the reassurance of getting all your premiums back at the end of the term if nothing happens (optional Return of Premium).
How it actually works
- Entry age 18-65 (varies by variant); policy term 10-40 years or whole of life; minimum sum assured ₹50,000, with no stated maximum subject to underwriting.
- Premiums can be Single, Regular, or Limited Pay (5/10/15 years), paid annually, semi-annually, quarterly, or monthly.
- Death benefit is the highest of the sum assured, 105% of premiums paid, or (for Life & CI Rebalance) the life cover amount fixed at the time.
- Life & CI Rebalance pays a critical illness lump sum from 36 covered conditions and waives future premiums on diagnosis, while the remaining life cover reduces correspondingly.
- Income Plus pays a monthly amount (0.1% of sum assured) from age 60 onward, plus a maturity payout on fixed-term versions.
- Optional riders include Income Benefit, Protect Plus, and Health Plus.
Worked example
A 45-year-old buys ₹1 crore cover under Life & CI Rebalance for 20 years at ₹68,295/year. If diagnosed with a critical illness in year 7, they receive a ₹29 lakh payout and premiums are waived; if they later die in year 13, the nominee receives the remaining ₹71 lakh, having paid ₹4,78,065 in total premiums.
Worth knowing
- Suicide within 12 months of starting or reviving the policy limits the payout to 80% of premiums paid.
- Pre-existing diseases diagnosed within 36 months before the policy starts are excluded.
- High-risk activities (mountaineering, scuba diving, professional sports) and diagnoses made outside India are excluded.
- If premiums lapse, revival is only possible within 5 years, at 9.5% p.a. interest.
Term
Click 2 Protect Elite Plus
+
A high sum assured term plan (minimum ₹50 lakh cover) with an option to get all premiums back, plus a 'smart exit' feature that returns your money early if you no longer need the cover.
You might need this if
- You might need this if you want large term cover (₹50 lakh+) with the flexibility of Single, 5/10/15-Pay, or Regular Pay premium terms.
- You might need this if you want the reassurance of getting your premiums back at maturity (optional Return of Premium) rather than losing them if you survive the term.
- You might need this if you think you might not need the full term - the Smart Exit Benefit lets you withdraw total premiums paid after policy year 25.
- You might need this if you want to pause premiums temporarily during a cash crunch without losing coverage (Premium Break Benefit).
How it actually works
- Entry age 18-45; policy term 10-40 years; minimum sum assured ₹50 lakh, with no stated maximum subject to underwriting.
- Death benefit is the highest of the basic sum assured, 10x annualised premium, or 105% of total premiums paid.
- Immediate Payout feature releases up to ₹5 lakh within 1 working day of claim intimation (after the 1-year waiting period, for base cover ≥₹2 crore).
- Smart Exit Benefit returns total premiums paid if you choose to exit after policy year 25 (unavailable if you've taken the Return of Premium option).
- Riders available: Income Benefit on Accidental Disability, Protect Plus (accident/cancer), Health Plus (60 critical illnesses), and Waiver of Premium.
Worked example
A 30-year-old male buys ₹2 crore cover on a 10-Pay term, paying ₹31,369 in year 1 and ₹37,794/year from year 2 onward. If he dies in policy year 7, his nominee receives the full ₹2 crore.
Worth knowing
- Without the Return of Premium option, the policy pays nothing if you survive the full term.
- No policy loans are available against this plan.
- Suicide within 12 months limits the payout to 80% of premiums paid or surrender value, whichever is higher.
- Grace period is 30 days for annual/half-yearly/quarterly premiums and 15 days for monthly.
Term
Click 2 Protect Ultimate
+
A high-value term plan (₹1-3 crore cover) with Single, Regular, or Limited Pay options and a choice to receive the death benefit as instalments instead of a lump sum.
You might need this if
- You might need this if you want large term cover in the ₹1-3 crore range with flexible payment structures.
- You might need this if you'd rather your family receive the payout as a steady income over 5-15 years instead of a single lump sum, to guard against it being spent too quickly.
- You might need this if you want the option to change your premium payment frequency during the term as your cash flow changes.
- You might need this if you'd like an option to exit early (Smart Exit Benefit) and get your premiums back between policy years 26-35.
How it actually works
- Entry age 18-50; policy term 1-40 years; sum assured range is ₹1 crore to ₹3 crore.
- Death benefit is the higher of the sum assured or 105% of total premiums paid (with a 10x annualised premium factor for non-Single Pay).
- Terminal illness benefit accelerates up to ₹2 crore of the death benefit if diagnosed within a 6-month window, available until age 80.
- Death Benefit as Instalment option spreads the payout over 5-15 years, with interest linked to the 10-year G-Sec yield.
- Optional Return of Premium pays back 100% of premiums at maturity if you survive the term.
Worked example
A 35-year-old male buys ₹1 crore cover for a 40-year term (regular pay) at ₹23,038/year. If he dies in policy year 7, his nominee receives the full ₹1 crore.
Worth knowing
- Sum assured is capped between ₹1-3 crore, so it isn't suited if you need cover outside that band.
- Suicide within 12 months limits the payout to 80% of premiums paid or the surrender value, whichever is higher.
- Non-disclosure of cancer or auto-immune conditions is subject to underwriting scrutiny and can affect claims.
- Revival after a lapse is only possible within 5 years, at 9.5% p.a. interest.
Term
iProtect Smart Plus
+
A term life plan with three coverage variants (Life, Life Plus with accidental cover, and Life Rebalancing), plus flexibility to skip a premium and increase cover at major life events.
You might need this if
- You might need this if you want life cover that can automatically increase at milestones like marriage, having a child, or taking a home loan.
- You might need this if you're worried about a temporary cash crunch — this plan allows skipping one year's premium after 5 years without losing cover.
- You might need this if you want accidental death coverage bundled in alongside standard term cover.
- You might need this if you want flexibility in how your family receives the payout — lump sum, income, or a mix.
- You might need this if you're a salaried employee or a woman — both get premium discounts on this plan.
How it actually works
- Three variants: Life (basic death benefit), Life Plus (adds an optional Accidental Death Benefit rider, 1 lakh to 3x sum assured), and Life Rebalancing (coverage that steps down after year 10, for people expecting liabilities to reduce over time).
- Premium options: Single Pay, Regular Pay, or Limited Pay (5, 7, 10, 15 years, or till age 60); salaried customers get 12.5%-15% discounts, women get 15% off.
- Death benefit payout choices: lump sum, 10-year income (10%/year), a lump-sum-plus-income hybrid, or an increasing income that rises 10% annually.
- Entry age 18-65 for Life/Life Plus (18-45 for Life Rebalancing); policy term 5-20 years (15-20 for Life Rebalancing).
- For sum assured of ₹1 crore or more, an instant ₹3 lakh payout is released within one working day of claim intimation, ahead of full claim settlement.
- A Smart Exit Benefit after 25 years (age 60+) refunds total premiums paid, letting you exit with your money back if cover is no longer needed.
Worked example
A 32-year-old woman buying ₹1 crore life cover with a matching Accidental Death Benefit rider for a 30-year term pays about ₹16,799/year. If she dies from an accident, her family would receive roughly ₹2 crore total (base cover plus the rider).
Worth knowing
- The Accidental Death Benefit rider excludes death from suicide, hazardous sports, war, drug/alcohol involvement, and high-risk aviation.
- The premium break option is only available after 5 policy years and for one year, with conditions.
- Suicide within the first 12 months limits the payout to surrender/cancellation value rather than the full sum assured.
- The Smart Exit Benefit only becomes available after a long 25-year hold, and only refunds premiums paid, without any growth.
A term life plan aimed particularly at self-employed and business owners, with high sum assured bands, a terminal illness benefit, and options to pause premiums or exit with your money back.
You might need this if
- You might need this if you're a business owner looking for straightforward, high-value life cover to protect dependents or business continuity.
- You might need this if you want protection that also pays out on a terminal illness diagnosis, not just death.
- You might need this if you might face a temporary cash-flow gap and want the option to defer a premium without losing cover.
- You might need this if you'd like the flexibility to exit later with your premiums refunded, once cover is no longer needed.
How it actually works
- Death benefit is the highest of 105% of total premiums paid, 7x annualized premium, or the sum assured.
- A Terminal Illness Benefit accelerates payment of the death benefit if diagnosed with a terminal condition.
- Entry age 18-55 (18-45 for POS/online-sold policies); policy term from 5 years up to age 85 (up to 65 for POS); sum assured band roughly ₹50 lakh to ₹2 crore.
- Premium options: Limited Pay (5/7/10/15 years) or Regular Pay matching the full term; monthly payment carries a 5% loading.
- A Premium Break lets you skip up to 12 months of premiums after 5 policy years, under conditions; a 7% loyalty discount applies for existing customers, and women get 15% off.
- The Smart Exit Benefit after 25 years refunds total premiums paid; death benefit can also be taken as installments over 5 years instead of a lump sum.
Worked example
A 35-year-old male buying ₹1 crore cover for a 40-year term with a 10-year premium payment period pays about ₹52,989/year, totalling roughly ₹5,29,890 over 10 years, for a death benefit of ₹1 crore if death occurs during the term.
Worth knowing
- Sum assured is capped in the ₹50 lakh-₹2 crore range — those wanting larger cover would need to look elsewhere or combine policies.
- POS-sold (simplified) policies carry a 90-day waiting period during which only accidental death is covered.
- Suicide within 12 months of start/revival limits payout to the higher of 80% of premiums paid or cancellation value, not the full sum assured.
- The Smart Exit Benefit requires a 25-year hold and refunds only premiums paid, with no investment growth.
A straightforward term life plan with two variants — one renewable at the end of the term, and one where cover automatically steps up over time to keep pace with growing responsibilities.
You might need this if
- You might need this if you want simple, no-frills term cover without add-ons to think about.
- You might need this if your responsibilities are likely to grow (young family, rising debts) and you want cover that increases automatically rather than manually topping up later.
- You might need this if you'd like the option to renew coverage after the initial term ends, without new medical underwriting complications.
- You might need this if you want protection against a terminal illness diagnosis, not just death.
How it actually works
- Life Variant: standard death benefit (highest of 7x annualized premium, 105% of premiums paid, or sum assured) with a renewability option to extend coverage.
- Enhanced Protection Variant: same death benefit formula, but sum assured automatically increases 20% every 5 years, capped at 200% of the original amount; no renewability.
- Entry age 18 up to 65/85 (Life) or 45/65 (Enhanced Protection) minus age at entry; minimum sum assured ₹50 lakh.
- Death benefit can be taken as a lump sum or a rising 10-year income (starting at 10% annually, increasing 3.5% each year, totalling ~115.75% of the death benefit).
- An accelerated ₹3 lakh payout is released within one working day of claim intimation for sum assured ≥₹1 crore, after 3 policy years.
- Terminal Illness Benefit pays the full death benefit early on diagnosis (confirmed by two independent doctors); no loan facility is available.
Worked example
A 32-year-old buying ₹2 crore cover for 30 years pays about ₹21,483/year. Under Enhanced Protection, the sum assured rises to about ₹2.4 crore (years 6-10) with premium rising to roughly ₹28,786, then ₹2.8 crore (years 11-15) with premium around ₹37,771.
Worth knowing
- There is no maturity, survival, or surrender benefit — this is pure protection, and the Enhanced Protection variant has no loan facility either.
- Enhanced Protection's automatic increases stop at 200% of original cover or age 50, whichever comes first.
- The Terminal Illness Benefit doesn't apply to any extended/renewed term.
- Suicide within 12 months limits payout to the higher of 80% of premiums paid or cancellation value.
Term
iProtect Smart Return of Premium
+
A term life plan that returns 100% of your premiums back to you if you outlive the policy term, combining protection with a savings-style refund at maturity.
You might need this if
- You might need this if you want life cover but dislike the idea of "losing" premiums if nothing happens during the term.
- You might need this if you want a plan that gives you something back at the end, functioning almost like a forced savings vehicle alongside protection.
- You might need this if you're comfortable paying a higher premium than pure term insurance in exchange for the maturity refund.
- You might need this if you're a woman looking to take advantage of the discounted premium rate on this plan.
How it actually works
- Death benefit is the highest of 7x annualized premium, 105% of total premiums paid, or the sum assured.
- Maturity benefit: 100% of total premiums paid, returned as a lump sum if you survive the policy term.
- Entry age up to 60 years; policy terms of 5, 7, 10, 12, or 15 years (regular pay), or matching the limited-pay term; minimum sum assured ₹10 lakh.
- Premium payment modes are annual, half-yearly, or monthly, with modal loadings of up to 2.5%; a 0.7% discount applies for online purchase.
- Death benefit can be taken as a lump sum or as income spread over 5 years.
- Policy loans up to 80% of surrender value are available; surrender value itself only becomes available after 1 full year of premiums paid.
Worked example
A 35-year-old male buying ₹1 crore cover over a 40-year term with a 10-year premium payment period pays about ₹74,638/year (₹7,46,380 total). If he dies during the term, the family gets ₹1 crore; if he survives to maturity, he gets the full ₹7,46,380 of premiums paid back.
Worth knowing
- Return-of-premium plans typically have meaningfully higher premiums than pure term plans for the same cover — the refund isn't "free."
- The refund at maturity is just your premiums back, with no investment growth factored in.
- Suicide within 12 months of commencement/revival limits payout to the higher of 80% of premiums paid or surrender value.
- Revival after lapse is only possible within 5 years, and requires fresh health evidence plus interest on arrears.
A standardized, no-frills term life plan (a regulator-mandated common format across insurers) offering simple death-benefit protection at accessible sum assured levels.
You might need this if
- You might need this if you want a simple, easy-to-compare term plan — Saral Jeevan Bima has the same standardized structure across all insurers in India, making comparison easy.
- You might need this if you're looking for basic protection at a modest sum assured (₹5 lakh to ₹1.5 crore) without extra riders or complexity.
- You might need this if you're newer to insurance and want a plan with minimal jargon and standardized terms.
- You might need this if you're a woman and want to benefit from the 15% premium discount available on this plan.
How it actually works
- Premium options: single premium, regular pay, or limited pay (5 or 10 years); payment modes include yearly, half-yearly, and monthly via ECS/NACH.
- Entry age 18-65 (POSP/offline) or 18-60 (online); maximum maturity age is 65 (POSP) or 70 (online); policy term 5-40 years.
- Sum assured ranges from ₹5 lakh to ₹1.5 crore, in multiples of ₹50,000.
- There's a 45-day waiting period at the start — during this window, only accidental death is covered at full value; non-accidental death within this period only refunds 100% of premiums paid.
- Salaried customers get discounts of 12.5% (Regular Pay) or 15% (Limited Pay) for sum assured ≥₹50 lakh; women get a further 15% discount.
- There is no maturity, surrender, or paid-up benefit — it's pure term protection, and policy loans are not offered.
Worked example
Shekhar, a 32-year-old marketing consultant, buys ₹25 lakh cover for a 30-year term, paying about ₹9,477/year (₹2,84,310 total over the term). If he dies accidentally during the term, his family receives the full ₹25 lakh.
Worth knowing
- The 45-day waiting period significantly limits non-accidental death coverage right after the policy starts.
- This plan offers no maturity, surrender, or loan benefits — nothing is returned if you outlive the term.
- Suicide within the first 12 months limits payout to 80% of premiums paid.
- Maximum sum assured is capped at ₹1.5 crore, which may be insufficient cover for higher-income earners who may need to combine it with another plan.
A flexible term life plan letting you choose level cover, automatically increasing cover, or cover that can be bumped up at major life events like marriage or a home purchase.
You might need this if
- You might need this if your income and responsibilities are likely to grow, and you want your cover to grow with them rather than staying fixed.
- You might need this if you'd rather not go through fresh medical underwriting every time your life changes — e.g. getting married or buying a house.
- You might need this if you want the option to add a spouse's life cover under the same policy at a low extra cost.
- You might need this if you want your family to have the choice of a lump sum or a steady income stream after your death, not just one or the other.
How it actually works
- Minimum sum assured is ₹25 lakh (no stated cap); entry age is 18 up (45 for the Whole Life option), with policy terms from 5 to 79 years.
- Three plan options: Level Cover (fixed sum assured), Increasing Cover (+5%/year up to 200% of original, until age 71), and Level Cover with Future Proofing (lets you bump cover at marriage, childbirth, or home purchase without medical checks, entry age capped at 40).
- Death benefit is the highest of 11× annualized premium, the sum assured, or 105% of total premiums paid (single pay uses 1.25× premium or sum assured instead).
- The optional Better Half Benefit extends ₹25 lakh level cover to your spouse (age gap ≤10 years) after your death, for a small added premium, until the spouse turns 60.
- An Accident Benefit Rider adds Accidental Death cover (up to ₹2 crore) and/or Accidental Partial Permanent Disability cover (up to ₹1.5 crore).
- Death benefit can be taken as lump sum, in installments over 5/10/15/20 years, or a mix of both.
Worked example
Rohan, age 30, non-smoker, takes ₹1 crore Level Cover over a 45-year term with Regular Pay for 12 years: annual premium ₹14,088. A death claim in year 12 pays the full ₹1,00,00,000.
Worth knowing
- Regular Pay policies have no surrender value at all; only Limited Pay and Single Pay versions build any surrender value.
- There's no maturity benefit — if you outlive the term, nothing is paid back (it's pure protection, aside from the ROP variants elsewhere in SBI's range).
- Policy loans are not available on this plan.
- Future Proofing cover increases require submitting proof within 6 months of the life event and only work if the policy is still in force.
Term
Smart Shield Premier
+
A high-cover term plan aimed at customers wanting at least ₹2 crore of protection, with a choice of level or step-up cover and long policy terms up to age 85.
You might need this if
- You might need this if you need a large sum assured (₹2 crore or more) and want a plan purpose-built for high-net-worth cover levels.
- You might need this if you want your cover to rise automatically over time without extra underwriting.
- You might need this if you want the option to add accident-related riders for both death and permanent disability.
- You might need this if you'd like your family to have a choice between lump sum and phased installment payouts.
How it actually works
- Minimum sum assured is ₹2 crore; entry age from 18, maximum maturity age 85, policy terms from 10 to 65 years.
- Two cover options: Level Cover (fixed) or Increasing Cover, which rises by 10% of sum assured every 5 years up to a 100% cap, stopping increases after age 71.
- Premium payment can be Regular or Limited (5, 10, 15, 20, or 25 years), with discounts of 6–10% built into the limited-pay premium structure.
- Death benefit is the highest of the Absolute Amount Assured, 11× annualized premium, or 105% of total premiums paid.
- An optional Accident Benefit Rider adds up to ₹2 crore Accidental Death cover (max 3× base sum assured) and/or up to ₹1.5 crore Accidental Partial Permanent Disability cover.
- Installment death-benefit payouts use an interest rate of 200 basis points below the 10-year G-Sec yield (6.58% as the reference rate from April 2025).
Worked example
Aman Sinha, age 30, takes ₹2 crore Level Cover with an 85-year term: annual premium ₹24,592. Death in year 10 pays the full ₹2,00,00,000.
Worth knowing
- No surrender value on Regular Premium policies; Limited Premium policies only build surrender value after 2 years.
- No maturity benefit and no policy loan facility — this is a pure high-cover protection product.
- Suicide within 12 months of start or revival limits the payout to 80% of premiums paid or the surrender value, not the full death benefit.
- Rider premium is capped at 100% of the base premium, so very large rider cover isn't unlimited.
A standardized, no-frills term insurance plan (common across all Indian insurers) meant to make comparing basic life cover simple for first-time buyers.
You might need this if
- You might need this if you're buying term life insurance for the first time and want a simple, standardized product that's easy to compare across insurers.
- You might need this if your cover needs are modest (up to ₹25 lakh) rather than a large multi-crore policy.
- You might need this if you want a plan without add-on riders or complexity to worry about.
- You might need this if you're comfortable with a pure protection plan (no maturity payout) in exchange for lower premiums.
How it actually works
- Entry age 18 to up to 65-70 depending on channel; sum assured ranges from ₹5 lakh to ₹25 lakh, in multiples of ₹50,000.
- Policy term is 5 to 40 years (up to 60-65 depending on distribution channel); premiums can be paid yearly, half-yearly, monthly, or as a single lump sum.
- Death benefit (regular/limited pay) is the highest of 10× annualized premium, 105% of premiums paid, or the basic sum assured.
- There's a 45-day waiting period from policy start — only accidental deaths are covered during this window; other deaths get premiums refunded.
- No riders, no survival benefit, no maturity benefit, and no policy loan facility — it is intentionally a bare-bones product.
- A large sum assured discount of 5% (regular/limited pay) or 2% (single pay) applies for sums assured of ₹15 lakh or more.
Worked example
A healthy 35-year-old paying ₹11,480/year for ₹20,00,000 cover over 30 years: if death occurs in year 20, beneficiaries receive the full ₹20,00,000 (versus roughly ₹2,29,600 paid in premiums up to that point).
The tiers
| Age | 10-Year Term | 20-Year Term | 30-Year Term |
|---|
| 30 | ₹5,960 | ₹6,860 | ₹8,460 |
| 40 | ₹9,500 | ₹12,680 | ₹16,160 |
| 50 | ₹22,140 | ₹27,800 | N/A |
Worth knowing
- Suicide within 12 months voids the death benefit; only 80% (regular/limited) or 90% (single pay) of premiums paid is returned.
- No loan facility is available against this plan at all.
- Regular premium policies build no cancellation (surrender) value; limited premium policies only after 2 consecutive years of payment.
- Since it's a standardized product, feature flexibility is intentionally limited compared to SBI Life's other term plans.
Term
Smart Swadhan Supreme
+
A term plan that returns 100% of all premiums paid if you outlive the policy term, combining life cover with a savings-style payout on survival.
You might need this if
- You might need this if pure term insurance feels like 'wasted money' to you if nothing happens, and you'd rather get your premiums back on survival.
- You might need this if you want meaningful cover (minimum ₹25 lakh) with the reassurance of a lump sum refund at the end.
- You might need this if you want the option to add accident-related riders on top of a return-of-premium structure.
- You might need this if you can commit to a fairly long-term policy (10-30 years) in exchange for the premium-back feature.
How it actually works
- Minimum sum assured is ₹25 lakh (no stated upper limit); entry age 18-60, policy terms 10-30 years, maximum maturity age 75.
- Premium payment options include Regular Pay (matches full term) or Limited Pay terms of 7, 10, or 15 years depending on the policy term chosen.
- Death benefit is the highest of the basic sum assured, 11× annualized premium, or 105% of total premiums paid.
- Maturity benefit returns 100% of total premiums paid as a lump sum if you survive to the end of the term.
- An optional Accident Benefit Rider offers Accidental Death cover (up to 3× base sum assured, max ₹2 crore) or Accidental Partial Permanent Disability cover (up to base sum assured, max ₹1.5 crore).
- A policy loan up to 50% of surrender value is available at around 8.50% p.a. (FY 2024-25 rate).
Worked example
Miss Sharma, age 30, buys ₹1 crore cover over 30 years: annual premium ₹22,284. Death in year 20 pays ₹1,00,00,000; surviving to maturity instead returns ₹6,68,520 (all premiums paid back).
Worth knowing
- The return-of-premium feature means premiums are meaningfully higher than a pure term plan with the same sum assured.
- Surrender value only becomes payable after one full year's premium is paid, and it's the higher of two formula-based values.
- Grace period is 30 days for yearly/half-yearly premiums but only 15 days for monthly — miss it and the policy lapses to paid-up status.
- Suicide within 12 months of start/revival caps the payout at 80% of premiums paid rather than the full death benefit.
A fully digital, fast-issue 10-year term plan with two flavors — pure protection or protection plus full premium refund at maturity.
You might need this if
- You might need this if you want to buy term cover quickly online without lengthy paperwork or branch visits.
- You might need this if a fixed 10-year commitment suits your planning horizon better than a decades-long policy.
- You might need this if you want the flexibility to choose between the cheapest pure protection (Plan A) or a refund-on-survival version (Plan B).
- You might need this if your cover needs are moderate — between ₹10 lakh and ₹60 lakh — rather than very large sums.
How it actually works
- Entry age 18-50, fixed 10-year policy term, maturity age capped at 60; sum assured ranges ₹10 lakh to ₹60 lakh.
- Plan A (Pure Term) has no maturity payout; Plan B (Return of Premium) returns 100% of premiums paid if you survive the term.
- Premiums are paid yearly or monthly (8.5% loading for monthly); minimum yearly premium is ₹2,259 for Plan A and ₹10,735 for Plan B.
- Death benefit is the highest of the sum assured, 11× annualized premium, or 105% of total premiums paid to date of death.
- Plan B only: surrender value (higher of Guaranteed or Special Surrender Value) becomes available after one full year of premiums, and a policy loan up to 50% of surrender value is available.
- The brochure states there are no exclusions other than the standard suicide clause.
Worth knowing
- Plan A (pure term) has no surrender value, no paid-up benefit, and no policy loan — it's strictly protection-only.
- Suicide within 12 months of start or revival pays only 80% of premiums paid or surrender value, whichever is higher.
- The fixed 10-year term means you'll need to buy a fresh policy (with fresh underwriting) if you want cover to continue beyond that.
- Grace period is short — 15 days for monthly premiums — so missed payments can lapse the policy quickly.
A return-of-premium term plan with smaller, more accessible sum assured limits (up to ~₹25 lakh) than SBI Life's Supreme variant, plus optional accident riders.
You might need this if
- You might need this if you want a return-of-premium term plan but don't need (or can't afford) the ₹25 lakh+ minimum cover of the Supreme variant.
- You might need this if you want flexible premium terms — single pay, limited pay (7/10/15 years), or regular pay across a 15-30 year term.
- You might need this if you want to layer on Accidental Death and Partial Permanent Disability cover through a rider.
- You might need this if getting all your premiums back at maturity, with no waiting period restriction on the maturity benefit, matters to you.
How it actually works
- Sum assured ranges from ₹5,00,000 to ₹24,90,000; entry age 18-50; policy terms 15-30 years; maturity age up to 60-75 depending on channel.
- Death benefit (limited/regular pay) is the highest of the sum assured, 10× annualized premium, or 105% of premiums paid; single pay uses sum assured or 125% of single premium.
- Maturity benefit pays back 100% of total premiums paid as a lump sum with no waiting period restriction.
- The Accident Benefit Rider offers Accidental Death cover (up to ₹74.7 lakh or 3× sum assured) and/or Accidental Partial Permanent Disability cover (up to the base sum assured).
- Reduced paid-up value kicks in after the first full policy year if premiums lapse, rather than the policy simply terminating.
- Policy loans are capped at 50% of surrender value, at roughly 8.50% p.a. (FY 2024-25 rate).
Worked example
Mr. Aryan, age 40, buys ₹24,00,000 cover over a 25-year term: annual premium ₹28,595. Death in year 15 pays ₹24,00,000; surviving the full 25 years instead returns ₹7,14,882 (all premiums paid back).
Worth knowing
- Sum assured is capped at ₹24.9 lakh, so this plan won't suit those needing very large cover — Smart Swadhan Supreme (min ₹25L) is the fit for that.
- Guaranteed Surrender Value requires at least two consecutive years of premiums to be paid first.
- Suicide within 12 months of commencement pays at least 80% of premiums paid, not the full sum assured.
- This is a non-participating plan — it does not share in company profits, so there are no bonus additions to the maturity payout.
Term
Saral Swadhan Supreme
+
A simplified return-of-premium term plan for entry ages up to 50, with sum assured between ₹25 lakh and ₹50 lakh and easier underwriting than larger plans.
You might need this if
- You might need this if you want a return-of-premium term plan with an easier issuance process than the bigger Smart Swadhan Supreme plan.
- You might need this if your cover needs fit comfortably within the ₹25-50 lakh band rather than needing an open-ended sum assured.
- You might need this if you're under 50 and want an accessible way to combine protection with a savings-style refund.
- You might need this if you'd like the option to add accident cover through a rider without a separate policy.
How it actually works
- Entry age 18-50; maturity age capped at 65; sum assured is ₹25 lakh to ₹50 lakh in multiples of ₹50,000; policy terms 10-30 years.
- Premium payment options: Regular Pay (10-30 yrs), Limited Pay 7/10 years (15-30 yr terms), or Limited Pay 15 years (20-30 yr terms).
- Death benefit is the highest of the basic sum assured, 11× annualized premium, or 105% of premiums paid to date of death.
- Maturity benefit returns 100% of total premiums paid as a lump sum on survival to the end of the term.
- The Accident Benefit Rider adds Accidental Death cover (up to ₹1.5 crore) and/or Accidental Partial Permanent Disability cover (up to the sum assured).
- Policy loan available up to 50% of surrender value at roughly 8.50% p.a. (FY 2024-25 rate, 150 bps above 10-year G-Sec).
Worked example
Mrs. Deepika, age 40, takes ₹50 lakh cover over a 25-year term: annual premium ₹42,998. Death in year 6 pays ₹50,00,000; surviving to maturity instead returns ₹10,74,950 (all premiums paid back).
Worth knowing
- Sum assured is capped at ₹50 lakh — those needing higher cover would need to look at SBI Life's other term plans.
- Non-disclosure rules mean the insurer can still contest a claim within 3 years of issuance for fraud or material misstatement.
- Suicide within 12 months of policy start pays only the higher of 80% of premiums paid or the surrender value.
- Surrender value only becomes payable after one full year of premiums have been paid.
Term
Sampoorna Raksha Promise
+
A flexible term insurance plan offering whole-life cover (up to age 100), a return-of-premium variant, and choice of lump sum, income, or combination payouts to your family.
You might need this if
- You might need this if you want life cover that can extend all the way to age 100 rather than ending at a fixed term like 60 or 70.
- You might need this if you like the idea of getting your premiums back if you outlive the policy - the Life Promise Plus / return-of-premium variant refunds premiums paid at maturity if there's no claim.
- You might need this if you want your family to have choices in how they receive the payout - lump sum, staggered income, or a mix - rather than only a single lump sum.
- You might need this if your protection needs might grow over time - the plan lets you increase cover at life milestones like marriage, buying a home, or having a child.
- You might need this if you're worried about missing a premium due to a temporary cash crunch - a deferment feature lets you delay payment by up to 12 months without losing cover.
How it actually works
- Entry age is roughly 18-65 years, with cover available up to age 100 (whole-life option); minimum sum assured starts around ₹50 lakh with no stated upper cap.
- Death benefit payout can be taken as a lump sum, in staggered instalments, or as a combination, based on what the nominee needs at the time of claim.
- A Terminal Illness benefit lets the policyholder claim all or part of the sum assured while still alive if diagnosed with a terminal illness.
- The Life Promise Plus variant returns all premiums paid (minus certain charges/discounts) at maturity if no claim was made, at a higher premium than the plain term option.
- Riders available include critical illness (CritiCare Plus), accidental death, total & permanent disability, waiver of premium, and a hospital cash benefit (Hospicare).
- An express claims feature aims to pay out smaller claims (up to roughly ₹5 lakh) within one working day of intimation.
Worth knowing
- The return-of-premium (Life Promise Plus) variant costs meaningfully more than the plain term version, since you're paying extra for the money-back guarantee.
- Standard term-plan exclusions apply: death by suicide within the first policy year is excluded (only a portion of premiums is typically refunded), and deaths from criminal or unlawful activity are excluded.
- The underlying brochure PDF could not be accessed directly during research (blocked by the insurer's site rules); figures here are drawn from Tata AIA's official plan page and consumer-advisory sources rather than the full prospectus - confirm exact numbers before relying on them.
- Riders come at extra cost and have their own eligibility and claim conditions separate from the base plan.
Term
Maha Raksha Supreme Select
+
A high-sum-assured term insurance plan (minimum ₹2 crore) offering flexible payout modes, life-stage cover increases, and a choice between pure protection and return-of-premium variants.
You might need this if
- You might need this if you're looking for substantial cover - this plan's minimum sum assured starts at ₹2 crore, aimed at higher-income buyers.
- You might need this if you want the flexibility to increase your cover later at key life events (marriage, childbirth) without fresh medical underwriting.
- You might need this if you want to choose between a lower-cost pure term option (Life Secure) and a return-of-premium option (Life Secure Plus) depending on whether you want your premiums back if you outlive the policy.
- You might need this if a family member might need extra financial support beyond a lump sum - the plan can pay out as monthly income instead of, or alongside, a lump sum.
- You might need this if you're planning around pregnancy or short-term cash flow gaps - the plan offers a premium-deferment window and a pregnancy premium holiday for women policyholders.
How it actually works
- Entry age roughly 18-65 years, cover available up to age 100; minimum sum assured ₹2 crore with no stated maximum (subject to underwriting).
- Premium payment options include Regular Pay, Limited Pay, and Single Pay, in monthly, quarterly, half-yearly, or yearly frequency.
- Death benefit can be paid as a lump sum, as monthly income, or as a combination of both.
- Life Stage Benefit allows increasing cover by up to 50% at marriage or 25% per child, without new medical checks.
- A Terminal Illness benefit pays 50% of the sum assured if diagnosed with a terminal illness (life expectancy under 6 months), and waives future premiums.
- Riders available include Critical Illness (CritiCare Plus, covering around 40 illnesses), Accidental Total & Permanent Disability, Accidental Death Benefit, Waiver of Premium, Hospicare, and a wellness add-on; two plan variants exist - Life Secure (pure term) and Life Secure Plus (return of premium).
Worth knowing
- The ₹2 crore minimum sum assured makes this plan unsuitable for buyers wanting smaller cover amounts.
- The return-of-premium variant (Life Secure Plus) comes at a noticeably higher premium than the pure-protection Life Secure variant.
- The instant claims payout feature (around ₹3 lakh within a working day) is only available after the policy has completed 3 policy years.
- The underlying brochure PDF could not be accessed directly during research (blocked by the insurer's site rules); figures here are drawn from Tata AIA's official plan page and consumer-advisory sources rather than the full prospectus - confirm exact numbers before relying on them.
A term life insurance plan built specifically for women, combining a straightforward death benefit with women-focused perks like discounted pricing, a pregnancy premium holiday, and wellness screenings.
You might need this if
- You're a woman — salaried, homemaker, entrepreneur, or single parent — and want a term plan priced and designed around your life stages rather than a repackaged men's policy.
- You want lower pricing than a standard unisex term plan — Tata AIA positions Shubh Shakti premiums as roughly 15% lower than its regular term plans for equivalent cover.
- You're planning a pregnancy and don't want a missed premium during that period to risk your cover lapsing — the plan offers a premium holiday of up to 12 months.
- You're a single mother and want a plan that factors that into pricing and benefits rather than treating your family structure as an edge case.
- You want a child-education safety net built in, so a nominated child keeps receiving money each month if you're not there to provide it.
How it actually works
- Pick a sum assured tier — Tata AIA advertises options such as ₹50 lakh, ₹75 lakh, and ₹1 crore, with illustrative starting premiums quoted from about ₹8-₹13 per day depending on the cover chosen.
- If you die during the policy term, your nominee gets the sum assured as a lump sum; for sums assured above ₹1 crore, Tata AIA says an interim payout of around ₹3 lakh can be released quickly after the policy has run 3 years, with the balance following once the full claim is processed.
- An optional Child Education Protection rider pays a monthly amount (roughly ₹5,000-₹50,000, depending on the option chosen) to your child until they reach an age between 21 and 25.
- A waiver-of-premium feature keeps the policy active without further premiums if your spouse dies in an accident.
- Diagnosis of a covered terminal illness triggers an early payout of part of the sum assured, rather than the family waiting for a death claim.
- Add-on wellness access (branded 'Health Buddy Enhance') bundles annual check-ups with women-specific screenings — e.g. PAP smear, anaemia, PCOS — plus an OPD allowance Tata AIA quotes at up to roughly ₹64,100 over the term.
Worked example
Tata AIA's own marketing example: a policyholder with a sum assured above ₹1 crore who dies after the 3rd policy year can have an interim payout of about ₹3 lakh released to the family quickly, with the rest of the claim following standard processing — useful for immediate expenses, not an amount on top of the sum assured.
The tiers
| Illustrative life cover | Starting premium (as marketed) |
|---|
| ₹50 Lakh | ~₹8/day |
| ₹75 Lakh | ~₹10/day |
| ₹1 Crore | ~₹13/day |
Worth knowing
- The per-day premium figures and discount percentages come from the insurer's own marketing pages; your actual quote depends on age, health, smoking status, sum assured, and term.
- This is pure term cover — if you outlive the policy term there's no maturity payout, unless you separately opt into a return-of-premium version.
- Riders (Child Education Protection, waiver of premium) typically add to the premium and must be selected at purchase, not added later.
- As with any term plan, accurate medical and lifestyle disclosure at purchase matters — non-disclosure is the most common reason genuine claims get contested.
This insurer hasn't published a standalone brochure PDF for this plan — the notes above are drawn from their official product page instead.
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Term
Shubh Shakti Select
+
A women-focused term life insurance plan apparently positioned as a variant or tier within Tata AIA's Shubh Shakti term family — no dedicated public product page or brochure could be located for this exact name during this research.
You might need this if
- You've heard of Tata AIA's women-focused Shubh Shakti plan and are considering a 'Select' variant, which insurers typically use to denote a higher sum-assured band, added riders, or a premium-tier bundle rather than a wholly different product.
- You want dedicated term cover for a woman policyholder and are comparing named variants before requesting a quote.
- You want to confirm whether 'Select' unlocks extra benefits (e.g. richer critical-illness or return-of-premium options) compared with the base plan, which is exactly what 'Select' suffixes usually signal in this insurer's naming pattern.
How it actually works
- Category-typical mechanics: choose a sum assured and term, pay level premiums, and your nominee receives the sum assured as a lump sum on death during the term.
- 'Select' variants generally add optional features on top of a base plan — e.g. a higher maximum sum assured, extra riders, or a different premium structure — but Tata AIA's public site did not surface a distinct page for this exact name during this research.
- As with the base Shubh Shakti plan, any women-specific pricing or wellness perks (if included here) would need confirmation directly from Tata AIA or an advisor, since no plan-specific document could be verified.
- If it exists as marketed, expect standard term-plan add-ons (waiver of premium, terminal illness advance payout) to be optional riders rather than automatically included — but again, this is a category-typical expectation, not a confirmed feature of this exact plan.
Worth knowing
- This plan name could not be confirmed via Tata AIA's public site or major insurance aggregators at the time of this research — it may be a distributor-specific, discontinued, renamed, or bundled product; always ask for the current official name before buying.
- Do not rely on the bullets above for exact figures — they describe how 'Select' term-plan variants generally work in this market, not confirmed facts about this specific plan.
- Get written confirmation of the exact plan name, UIN, and current brochure from Tata AIA or a licensed advisor before purchasing.
No public brochure found. The points above are general pointers based on this plan's name and category, not verified against the actual document — confirm details with the insurer before relying on them.
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