SBI Life · Term · Pure 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.
Product data last fetched 26 August 2026. Features, premiums and availability may change — verify against the official brochure/policy wording before deciding.
The truth card
PurposeProtection
CategoryPure Term
InsurerSBI Life
Life CoverNot available in the current product data
PremiumNot available in the current product data
Policy TermNot available in the current product data
Premium-Paying TermNot available in the current product data
GuaranteeNot available in the current product data
Market ExposureNot applicable — non-linked
LiquidityNot available in the current product data
Lock-inNot available in the current product data
ChargesNot available in the current product data
Maturity BenefitNot available in the current product data
Death BenefitNot available in the current product data
SurrenderNot available in the current product data
Paid-upNot available in the current product data
Tax NotesDepends on policy structure, premium amount, issue date and applicable tax law — see our tax notes
XIRRNot available in the current product data
What this product is
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 before you decide
- 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.
Official source
⌟ Official product brochure
Learn about this category
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