Life insurance is a critical financial product. The right policy can provide comfort and peace of mind in times of need, while the wrong one could leave you with high premiums and no protection. So how do you choose between all the available different policy’s? Here’s my list of eight great life insurance policies:

1. SBI Life – eShield

If you are looking for a low-cost term plan with an eShield, then this is the one for you.

eShield is an online policy that allows customers to make payments via credit/debit cards, net banking and payment gateways like Paytm. The monthly premium is Rs 199 per month which includes all other features such as accident cover and travel insurance etc.

2. SBI Life – Saral Maha Bachat

Saral Maha Bachat is a policy for those who want to save for their children’s education. It offers the following benefits:

  • You can save up to Rs 2 lakh per child and up to Rs 5 lakh per child if you have more than one child.
  • The premium is paid upfront and there are no life cover limits on this insurance cover, which means that you won’t have to worry about paying extra money if your child loses his/her sight or becomes deaf due to an accident or illness.

3. SBI Life – Smart Wealth Builder

With SBI Life’s Smart Wealth Builder policy, you can create wealth in several ways. You can use your money as a retirement fund and build a nest egg for your future, or you can invest it in mutual funds to grow the value of that investment over time.

The way this policy works is simple: when you buy this insurance plan from an agent or website like SBI Life, they will ask for information about what kind of goals you have for yourself and then determine which option best fits those goals. For example, if one of your main goals is getting children through college (and thus saving up enough money to pay tuition), then they might recommend a “child-care” option where part of the premium goes toward childcare costs so that everyone has access to quality daycare services while working toward their education goals together as a family unit.

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4. SBI Life – Smart Scholar

This life insurance policy is the best option for students. They can buy it at a low premium, which will be deducted from their monthly salary or bank account. The coverage period is 25 years from the date of purchase and it covers the benefits payable as per the claims made by you or your family members if you die during this period. It also covers other things like education expenses, marriage expenses etc., but these are not covered under this policy.

5. SBI Life – Smart Humsafar

SBI Life – Smart Humsafar is a life insurance policy that gives you a guaranteed sum assured, which is payable on death.

8 Wonderful Sbi Life Insurance policies

6. SBI Life – Secure Plus

The SBI Life – Secure Plus policy covers all your family’s medical expenses, and you can get an additional cover of up to Rs 2 lakhs in case of death. You will also get a cashback of 25% on premiums paid for each year. The policy comes with a premium amount of Rs 1 lakh and has a key features such as:

  • No upper age limit for buying it (only between 18 to 70 years)
  • No passport required for buying this type of insurance policy

7. SBI Life – Retire Smart Plus

SBI Life Retire Smart Plus is a life insurance policy that offers a variety of benefits to its clients. The policy is available in two different levels: Standard and Platinum. You can choose between these options by applying online or visiting any SBI branch.

The premium payable for the first year is Rs 1,000, which will be added to your account after deducting tax and other charges from it; this amount also includes death benefit and interest (but not maturity payment). The second year’s premium will be Rs 2,500 only; however, if you decide not to renew your policy in subsequent years then there won’t be any additional cost as long as you continue paying premiums regularly every month until death occurs!

If someone else dies prematurely due to illness or accident then their heirs get benefits too – but only if they don’t want them back when their own lives end unexpectedly someday soon (which could happen).

8. SBI Life – Dream Planner Return of Premium

SBI Life – Dream Planner Return of Premium is a single premium policy that offers a guaranteed return of premium option. This plan has a maturity period of 5 years and is non-linked, meaning that it does not require you to pay any maintenance charges on your investment during the first five years. To get this beautiful policy, all you need to do is buy it with an initial deposit amount ranging from Rs 10 lakhs to Rs 1 crore depending on your financial circumstances.

If there’s anything we can learn from these policies offered by SBI Life, then it would be:

Want a life insurance policy that will take care of your family and make you financially secure ? Choose one of the above.

You can choose between three different types of SBI policies:

  • Universal Life Insurance
  • Whole Life Insurance
  • Term Insurance

Each policy has its own advantages, but all three offer different levels of protection. Universal and whole life cover you for your essential needs, while term insurance offers cash benefits in the event of death. With these options at hand, it’s up to you to decide which one is best for your circumstances. To help guide you through the process and make sure that you get everything covered by an appropriate life insurance policy, we’ve compiled this list of top five things we think every person should know about their chosen type before buying one.


The above-mentioned policies are some of the best life insurance policies you can get. The SBI Life eShield is the most popular and offers a lot of cover in terms of amount, coverage and duration.

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