SBI Term Insurance Calculator

A simple and effective online SBI Term Insurance Calculator helps you accurately estimate your term insurance premium, coverage and benefits. This calculator lets you know the exact premium price based on age, policy term, sum assured and other details. If you are planning to buy a term plan from SBI Life Insurance, this tool can prove to be an indispensable assistant for you. It saves time and will provide you accurate information without any trip to the agent.

SBI Term Insurance Calculator

Calculate your SBI Life eShield Next term insurance premium and secure your family's future.

Your Personal Details

First Name

Last Name

Gender Select gender Male Female Third Gender

Date of Birth

Annual Income Select income range < 2.5 Lacs 2.5 Lacs - 5 Lacs 5 Lacs - 7 Lacs 7 Lacs - 10 Lacs > 10 Lacs

Do you Smoke? Select option No Yes

State

Occupation Select occupation Business Defence Self-employed Service Professional Agriculturist Family Pension Housewife Retired Student Labourer/Worker

Highest Qualification Select qualification Graduate, PG, Professional Diploma after 12th (HSC) Diploma after 10th (SSC) HSC - 12th Pass SSC - 10th Pass Below 10th Illiterate

Pick Your Preference

Sum Assured (Rs.)

Policy Term (Years) Select term

Premium Payment Frequency Yearly (Save 2%) Half-Yearly Monthly

Premium Paying Option Select option Single (Discount of 3% applicable) Regular (Discount of 1.5% applicable) Limited (Discount of 4% applicable)

Premium Paying Term (Years) Select term

Select Your Plan Cover

Level Cover

Sum Assured remains the same throughout the Policy Term, providing consistent coverage.

Increasing Cover

Sum Assured increases by 10% every 5th policy year to keep up with inflation and growing needs.

Level Cover with Future Proofing Benefit

Increase Sum Assured at key life stages (e.g., marriage, childbirth) without medical underwriting.

Please select a plan cover.

Add-ons and Riders

Better Half Benefit Provides Rs.25,00,000 life cover for your spouse after your death. Sample cost: Rs.500/year.

Rs.25,00,000 life cover for your spouse after the policyholder's death, ensuring their financial security.

Accidental Death Benefit Rider Additional payout in case of accidental death. Sample cost: Rs.300/year.

Additional coverage for accidental death, providing extra protection for unforeseen events.

Accidental Partial Permanent Disability Rider Coverage for partial permanent disability due to accidents. Sample cost: Rs.200/year.

Coverage for accidental partial permanent disability, supporting you in challenging times.

Benefit Payout Option

Lumpsum

Entire sum assured paid as a single payout to settle large debts or meet immediate needs.

Regular Monthly Installments

1.81% of sum assured paid monthly for 5 years to replace regular income.

Lumpsum + Monthly Installments

50% sum assured as lumpsum, plus 1.81% of 50% sum assured monthly for 5 years.

Please select a benefit payout option.

Your Premium Estimate

Premium Breakdown

Download PDF

*Note: This is an estimate based on sample premium rates from SBI Life eShield Next. Add-on premiums are illustrative. Actual premiums may vary based on underwriting, health, and other factors. Consult SBI Life for precise details.

Why use this SBI Term Insurance Calculator?

✅ Quick Estimates - This calculator helps you know the policy premium quickly and accurately, based on the information provided by you..

📊 Compare Plans - With the help of this calculator, you can compare different plans and easily choose the most suitable plan for yourself..

💼 Security - This term insurance premium calculator is an online tool that you can use easily and for free. Without sharing any mobile number or email. Secure First...

👪 Family-centric planning - With the help of this term plan calculator, you can decide how much insurance sum is required to protect your family.