SBI Life Insurance has introduced ‘SBI Life – Smart Shield Plus’, a term insurance solution designed to adapt to the shifting financial responsibilities of Indian households. As the economy witnesses rising disposable incomes and increased focus on long-term financial security, the product addresses a clear market demand for flexible protection offerings.
The plan provides three cover options — Level Cover, Increasing Cover, and Level Cover with Future Proofing Benefit. Notably, the Increasing Cover option raises the sum assured by 5% annually up to 200%, while the Future Proofing Benefit allows policyholders to expand coverage during key life events without medical underwriting. Supplementary features such as flexible death payouts, accident benefit riders, and the Better Half Benefit enhance the product’s economic value proposition.
middle class and growing industrial workforce are increasingly prioritizing financial stability. Products like Smart Shield Plus, which combine affordability with adaptability, are expected to find strong acceptance among salaried employees and small entrepreneurs in Durgapur’s fast-developing economy. SBI Life’s President and Chief Distribution Officer, M. Anand, emphasized that the product is designed to empower individuals with milestone-based adaptability, aligning protection with India’s evolving socio-economic landscape.
Click on the link to know more about the product: https://www.sbilife.co.in/en/individual-life- insurance/protection-plans/smart-shield-plus