SBI Life Insurance has announced the launch of its latest protection offering – SBI Life – Smart Shield Plus, an individual, non-linked, non-participating, pure risk life insurance product designed to address the evolving protection needs of today’s consumers.

SBI Life – Smart Shield Plus, a term insurance plan offering three options — Level Cover, Increasing Cover, and Level Cover with Future Proofing Benefit — allowing policyholders to tailor coverage to their changing financial and personal needs

The Increasing Cover Benefit option automatically increases the sum assured at 5% simple rate p.a. up to a maximum of 200% of the sum assured. The Level with Future Proofing Benefit option allows policyholders to increase their sum assured at significant life events such as marriage, childbirth, or home purchase, without any further medical underwriting.