SBI Life Insurance, one of India’s leading private insurers, announced the launch of its latest protection plan – ‘SBI Life – Smart Shield Plus’. Positioned as a future-ready solution, the individual, non-linked, non-participating term insurance plan is designed to adapt to consumers’ evolving financial responsibilities across key life stages.
The product offers three plan options — Level Cover, Increasing Cover, and Level Cover with Future Proofing Benefit. The Increasing Cover option enhances the sum assured by 5% annually up to 200%, while the Future Proofing Benefit allows policyholders to raise cover during life events like marriage, childbirth or home purchase, without medical underwriting. Features such as flexible death benefit payouts, the Better Half Benefit for spouses, and accident riders add further protection.
With rising financial awareness among salaried families and small business owners, demand for flexible and scalable protection products is increasing. Experts noted that milestone-based adaptability and whole-life options could make Smart Shield Plus particularly attractive to young professionals. M. Anand, President and Chief Distribution Officer, SBI Life, said the product empowers customers to proactively secure their future while providing long-term financial confidence.
Click on the link to know more about the product: https://www.sbilife.co.in/en/individual-life- insurance/protection-plans/smart-shield-plus
