SBI Life launches two new term plans with return of premiums feature

SBI Life Insurance, on Tuesday, January 23, launched two products– ‘Saral Swadhan Supreme’ and ‘Smart Swadhan Supreme’. These plans offer a lumpsum benefit on the policyholder’s demise during the policy term and also pays back the total premiums paid in case the life assured survives the policy term, the insurer said.

The new products cater to the needs of consumers, providing the flexibility to choose premium payment terms, policy duration, premium payment frequency etc, SBI Life said.

Commenting on the launch of both these products, Abhijit Gulanikar, President, Business Strategy, SBI Life Insurance said, "In an era where each financial decision carries weight, we believe these solutions go beyond traditional insurance. They represent a secure and tailored approach to life insurance, where protection meets convenience."