SBI Life - Swadhan is an affordable traditional term Insurance policy with refund of part / Total basic premium paid at the end of the term to the policyholder.

As a Maturity benefit, you receive a repayment of your premium contribution towards the policy. Available at a low premium, it can provide security to your loved ones.  Key Features:
  • Protection at affordable premium. • Guaranteed refund of basic premium paid on Survival at the end of the term, depending upon the term of the policy. • Life cover comes to you at no cost** • Tax benefit u/s 80 C and 10 (10 D) of IT Act* • 5% rebate for Female lives • Rebate on High Sum Assured • Flexible benefit premium paying mode • Free look period of 15 days  
*Please consult your tax advisor for details. ** Conditions Apply
Product Snapshot:


Minimum Policy Term

5 years

Maximum Policy Term

10 years


Premium Mode

Quarterly / Half yearly / Yearly


Minimum Entry Age

18 years

Maximum Entry Age

65 years

Maximum Cover Age

70 years

Sum Assured

Minimum Sum Assured

Rs 3 Lakhs

Maximum Sum Assured

Rs 1 Crore

How does it work?
You can take a cover ranging from 5-10 years. In the unfortunate event of death, the nominee would receive the entire sum assured as a lump sum payment.

If you survive the entire term, you would be eligible to a refund of premiums depending upon the term of policy. For example, if your policy is for 5 years, you’d be eligible for refund of 50% of the total premiums paid; for 6 years, the refund would be 60%, and so on. Hence, if you’ve taken a policy for 10 years, you’d receive 100% of your premiums back as refund.
• Maturity Benefit: If you survive for the entire term of the plan, you would be eligible to a refund of the premiums depending upon the term of the policy.



Percentage of Basic Premium refunded

5 years


6 years


7 years


8 years


9 years


10 years


• Death Benefit: In the event of claim, your nominee would receive full Sum Assured. • Riders Available: No Riders are available

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