SBI Term Insurance

SBI Term Insurance offers reliable and affordable protection tailored to your needs. Backed by the trusted State Bank of India, SBI Life provides comprehensive coverage with flexible options.

Written ByAashima MongiaContent Writer (Expertise: Term Life Insurance & Investment)

Reviewed ByAtul KathuriaBusiness Head – Term & Investment | Policybazaar.ae

Last updated on 22 April 2025Editorial Standards

With an SBI Life term insurance plan, you can step up your financial planning. It provides essential coverage to protect your family’s future in case of unexpected events. With rising uncertainties in life, a term policy can bring peace of mind — you can feel secure knowing that your family’s financial needs are taken care of.

So whether you're looking for a simple policy or one with additional benefits like critical illness coverage, you can find SBI Life term plans that fit different budgets and financial goals.

Best Term Insurance Plans in UAE

Some of the best Term Insurance quotes in UAE & Dubai are:

Policy Term

Age

Cover

Payment Frequency

YearlyMonthly

98.1% Claim Settlement Ratio

Term Life Protect

Life Cover (AED)1,000,000

Policy Term (Years)10

Passive War Cover
Pre Existing Disease Coverage
Medical Checkup Not Required
Worldwide Coverage

95% Claim Settlement Ratio

Term Life

Life Cover (AED)1,000,000

Policy Term (Years)10

Worldwide Coverage
Life Cover
Entry Age

98% Claim Settlement Ratio

International Term Assurance

Life Cover (AED)1,000,000

Policy Term (Years)10

Passive War Cover
Pre Existing Disease Coverage: Subject to Approval*
Medical Checkup Not Required
Worldwide Coverage
Critical Illness Cover

98% Claim Settlement Ratio

Live Life Now

Life Cover (AED)1,000,000

Policy Term (Years)10

Worldwide Coverage

98% Claim Settlement Ratio

Critical Illness Protection

Life Cover (AED)1,000,000

Policy Term (Years)10

Worldwide Coverage
Cancer Cover

What is SBI Life Term Insurance?

An SBI Life Insurance term insurance plan ensures that your loved ones remain financially secure in case of your death during the period. This is done through a lump sum payout, which can be used by your family to cover their expenses, debts, daily living costs, and more.

This is a pure life cover plan that looks after the financial requirements of the life assured’s family if the former passes away during the plan term. These plans usually have affordable premiums and the policy tenure can go up to 100 years of life.

Note: The minimum entry age for most plans is usually 18 years.

Why Should You Buy Term Insurance from SBI Life?

Detailed below are the reasons as to why you should buy an SBI Life Insurance term insurance plan —

In-built terminal illness benefit
High claim settlement ratio of 99.2%
Increasing cover options available as the age increases
24-hour claim settlement with a dedicated claim relationship office
Option to get second medical opinion from a panel of top experts

What are the Best SBI Life Insurance Term Insurance Plans?

Here are the best SBI Life term insurance policies —

eShield Next	eShield Insta
This non-participating term plan keeps the life assured’s family financially secure amidst unfortunate circumstances. This SBI Life Insurance term insurance plan comes with the following key features and benefits — Choose from 3 types of plans – Level Cover, Level Cover with Future Proofing Benefit, and Increasing Cover Life cover up to the age of 100 years or 79 years Terminal illness benefit Flexibility to pay the premium — Lump sum or for a limited period or entire policy term Option to customise the plan as per requirement Additional riders upon paying additional premium: Accidental Benefit Cover - Accidental Death Benefit and Accidental Partial Permanent Disability Benefit	This online SBI Life term insurance plan secures your family’s financial future in your absence during the policy term — Choose from 2 plans – Pure term and Term insurance with return of premium Insurance coverage at an affordable cost Pay regular premiums for up to 10 years 100% return of total premium paid as a maturity benefit Death benefit
Smart Shield Premier	Saral Jeevan Bima
This exclusive SBI Life Insurance term insurance plan is designed for those seeking higher coverage with an option of flexible premium payment. This term plan offers the following benefits —- Choose between 2 plan options – Level cover and increasing cover Coverage available up to the age of 85 years Flexibility to pay premium throughout the policy tenure or for a limited time Optional rider - Accident Benefit Rider	It is a standard SBI Life Insurance term insurance plan that financially secures the life assured’s family in case of the former’s demise. Mentioned below are the key features and benefits of this term policy — Straightforward terms and conditions Standard term plan at an affordable rate Convenient premium payment — Lumpsum, regularly, or for a limited period Death benefit

eShield Next

eShield Insta

This non-participating term plan keeps the life assured’s family financially secure amidst unfortunate circumstances.

This SBI Life Insurance term insurance plan comes with the following key features and benefits —

Choose from 3 types of plans – Level Cover, Level Cover with Future Proofing Benefit, and Increasing Cover
Life cover up to the age of 100 years or 79 years
Terminal illness benefit
Flexibility to pay the premium — Lump sum or for a limited period or entire policy term
Option to customise the plan as per requirement
Additional riders upon paying additional premium: Accidental Benefit Cover - Accidental Death Benefit and Accidental Partial Permanent Disability Benefit

This online SBI Life term insurance plan secures your family’s financial future in your absence during the policy term —

Choose from 2 plans – Pure term and Term insurance with return of premium
Insurance coverage at an affordable cost
Pay regular premiums for up to 10 years
100% return of total premium paid as a maturity benefit
Death benefit

Smart Shield Premier

Saral Jeevan Bima

This exclusive SBI Life Insurance term insurance plan is designed for those seeking higher coverage with an option of flexible premium payment.

This term plan offers the following benefits —-

Choose between 2 plan options – Level cover and increasing cover
Coverage available up to the age of 85 years
Flexibility to pay premium throughout the policy tenure or for a limited time
Optional rider - Accident Benefit Rider

It is a standard SBI Life Insurance term insurance plan that financially secures the life assured’s family in case of the former’s demise.

Mentioned below are the key features and benefits of this term policy —

Straightforward terms and conditions
Standard term plan at an affordable rate
Convenient premium payment — Lumpsum, regularly, or for a limited period
Death benefit

Who Should Apply for an SBI Life Term Insurance Policy?

Discussed below are the categories of individuals who should buy an SBI Life term insurance plan -

Singles - A term plan can help the policyholder save a little and get coverage against debts in case of unfortunate circumstances.
Newly Married - If you are newly married and looking for a way to create wealth while insuring the life and lifestyle of your spouse, you can opt for SBI Life term insurance.
Parents - SBI term plans can help in planning your child’s higher education and meeting their requirements even in your absence.
Single Parent - If you are a single parent, a term plan can financially cover the children and help them plan their higher education and fulfil further life plans even in your absence.
People Nearing Retirement - If you plan for a long term, a term policy is certainly a great option. With the add-on benefit of the return of premium, you can receive an income stream.
NRIs - Even NRIs can buy an SBI Life term insurance plan. This can help them financially protect their family in their home country even if there are any unfortunate circumstances.

How to File an SBI Life Insurance Term Insurance Claim?

You can file a claim against your SBI Life insurance term insurance policy through any of the following ways —

Online	Select the ‘Claims and Maturity’ option under the ‘Services’ section on the homepage of the official website. Once done, fill out the claim online and follow the instructions thereon.
By Post	You can send a filled-in claim form along with the required documents to the address below — SBI Life Insurance Co. Ltd., 8th Level Seawoods Grand Central, Tower 2, Sector 40, Plot No. R-1, Seawoods, Nerul, Navi Mumbai - 400706
SBI Life Branch	You can visit your nearest SBI Life Branch in person. In this case, you will need to carry the important documents with you and complete the claim form.
Email	You can also send your filled-in form and required documents via email at claims@sbilife.co.in.

Buy Term Insurance Now

Documents Required for an SBI Life Term Insurance Claim

Mmandatory documents required to file a claim against an SBI term insurance plan —

Completed claim form
Original policy document
Attested or original death certificate by local authority
The claimant’s current address proof
Claimant’s photo ID proof
Direct credit mandate form

Additional documents may include (if required) —

Medical attendant’s certificate
Employer’s certificate
A copy of the inquest report/police final report/chemical analysis report/magistrate’s verdict
Hospital treatment certificate
Copy of FIR/post mortem/Punchnama report

Term Insurance Calculator for SBI Life Term Insurance

Frequently Asked Questions

The minimum age to apply for an SBI Life plan is 18 years.

SBI Life term insurance plans are among the most reputed options in the country. However, the decision to choose these plans should be made after considering your specific requirements.

The main documents include age proof, medical records, income proof, and identity proof.

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Reviews & Ratings

★★★★★4.7 / 5

(based on 44,090 reviews)

Ankur KumarDubai, 3 September 2026

★★★★★

Smooth and Hassle-FreeThe online application was very simple. I compared different life insurance plans from leading UAE insurers and selected the one that suited my needs at pbUAE. Customer support was excellent throughout journey.

Mohammed AlkhaldiAbu Dhabi, 25 August 2026

★★★★★

Financial Protection for FamilyBought a HAYAH Life Insurance Plan to make sure my family is financially secure if anything happens to me. The process was transparent with policybazaar.ae and there no hidden surprises later.

Abdul AlimAbu Dhabi, 23 August 2026

★★★★★

Good Experience OverallI was confused between life insurance and term insurance. PbUAE advisor took time to explain the difference and helped select life cover. Premium manageable and coverage is decent.

Sharif Mia Abdul AwalAbu Dhabi, 22 August 2026

★★★★★

Best Option for Long-Term SecurityAfter becoming parent, life insurance became a priority. Chosen a Life insurance plan from PBUAE because it offered long-term protection. Application process was easier than I expected.

Aditya Sanjay BairathiDubai, 19 August 2026

★★★★★

Got Protection Plus SavingsI wanted a plan that provides life cover and also helps me save for the future. Bought a metLife whole insurance plan from PBae and the benefits were explained very clearly. Happy with my decision.

Yousef Ibrahim Obaid Dhelea AlzaabiAbu Dhabi, 16 August 2026

★★★★★

Good Value for MoneyCompared many term plans in UAE before deciding. Got a high coverage amount for a reasonable premium. Everything was explained clearly including claim process and exclusions. Very satisfied.