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Plan Type
Term / Protection • Non-Linked • Non-Participating.
Protection • Term Plan • Pure Risk Product
Smart Shield Plus
Protection that grows with your life.
A life cover that adapts to your changing needs with affordable premiums and flexible benefits.
IRDAI-compliant
Individual • Non-Linked • Non-Participating
Independent & Need-Based Advice
A Life Cover that Evolves with You
Choose a protection-first term plan with the flexibility to match your life stage and budget—while keeping premiums affordable.
- Three coverage options
- Premiums from ₹2,500 p.a.
- Life cover up to age 100 (Whole Life)
- Optional Better Half & Accident Benefit riders
- Discounts for female lives & higher Sum Assured
Micro-note: Secure your family’s future and adapt your cover as life changes.
Key Features
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Plan Options
Level Cover, Increasing Cover, or Level Cover with Future Proofing.
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Sum Assured
₹25 lakh onwards, no upper limit (as per underwriting).
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Coverage
Up to age 100 (Whole Life option available).
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Premium Options
Single, Regular, or Limited Pay modes.
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Flexibility
Choose premium term, mode, and policy term to fit your goals.
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Riders
Better Half Benefit and Accident Benefit Rider (ADB/APPD).
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Tax Benefits
Potential benefits under 80C & 10(10D), as per prevailing law.*
*Tax benefits depend on individual eligibility under the Income Tax Act, 1961.
Plan Options Explained
Constant protection: The Sum Assured remains the same throughout the policy term—simple, predictable cover.
Example: ₹1 Cr cover for 30 years ⇒ fixed ₹1 Cr benefit.
Choose the option that evolves with your life — flexible, smart, and secure.
How It Works
Select Option
Level • Increasing • Future Proofing.
Choose Cover & Mode
Pick Sum Assured & Single/Regular/Limited Pay.
Set Policy Term
Up to age 100 (Whole Life), or choose a fixed term.
Add Riders
Better Half Benefit and/or Accident Benefit Rider.
Stay Covered
Pay premiums on time; protection starts Day 1.
Micro-note: You can customize cover at life stages if you choose Future Proofing.
Benefits Summary
| Benefit | Description |
|---|---|
| Death Benefit | Lump-sum or installments (5–20 years) as chosen by the nominee. |
| Better Half Benefit | Post-death, spouse receives life cover (up to ₹25 lakh or 50% of SA, whichever lower). |
| Accident Benefit Rider | ADB & APPD options provide enhanced protection. |
| Discounts | Lower premiums for women and for higher Sum Assured bands. |
| Tax Benefits | Potential 80C & 10(10D) benefits as per current law and eligibility. |
Plan Eligibility & Parameters
| Parameter | Details |
|---|---|
| Entry Age | 18 years (non-Whole Life); 45 years (Whole Life). |
| Maximum Age at Maturity | 100 years (Whole Life) • 79 years (others). |
| Sum Assured | ₹25 lakh minimum; no upper limit (subject to underwriting). |
| Policy Term | From 5 years up to 100 − entry age (Whole Life). |
| Payment Modes | Single • Yearly • Half-yearly • Monthly. |
| Minimum Premium | ₹2,500 (Yearly) • ₹210 (Monthly). |
| Riders | Better Half Benefit • Accident Benefit Rider (ADB/APPD). |
Note: Premiums and benefits are subject to underwriting and product conditions.
Sample Illustrations (Educational)
1
Level Cover
Rohan (30, Non-Smoker) — SA ₹1 Cr, premium ₹14,088 p.a., 45-yr term. If death in Year 12 → nominee gets ₹1 Cr (lump-sum/instalments).
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Increasing Cover
Neeraj (35, Non-Smoker) — SA ₹1.5 Cr; increases 5% p.a. (simple). By Year 9, payable SA ≈ ₹2.1 Cr.
3
Better Half Benefit
Rajeev (40) — SA ₹2 Cr + spouse cover ₹25 L. On Rajeev’s death, spouse receives ₹2 Cr, and spouse cover continues.
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Note
Figures are illustrative and not returns. Exact premiums/benefits depend on option, term, health, and underwriting.
Who Should Consider This Plan?
Newly married professionals
Parents & homeowners
Self-employed business owners
Breadwinners seeking affordability
Women seeking equal security
Why Plan with Praveen Sharma
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Unbiased, Multi-Insurer Comparison
Independent, need-based guidance across IRDAI-registered insurers.
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Personalized Illustrations
Clear side-by-side term options and rider choices before you decide.
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End-to-End Assistance
From proposal and issuance to on-going servicing and support.
Get a Personalized Illustration
Share a few details and we’ll send a clean, IRDAI-style benefit sheet — no guesswork.
FAQs — Quick Answers
What is Smart Shield Plus?
An individual, non-linked, non-participating term plan (pure risk) with three coverage options and optional riders.
Which plan option suits me best?
If you want simple, fixed protection—choose Level Cover. If you expect responsibilities/inflation to rise—choose Increasing Cover. If you want to boost cover at milestones—choose Level Cover + Future Proofing.
Can I add Better Half Benefit later?
It must be selected at policy inception (conditions apply). After the life assured’s death, spouse cover starts as per terms.
How are tax benefits applied?
You may be eligible under Sections 80C and 10(10D) as per law and your profile. Please consult your tax advisor.
What if I miss a premium?
There’s a grace period (15 days monthly; 30 days yearly/half-yearly). If still unpaid, the policy may lapse; revival rules apply.
Compliance & Disclaimer
IRDAI-registered insurers
Non-Linked • Non-Participating Term Plan
Data privacy maintained
This content is educational and does not represent or promote any specific insurer. Policies are issued only by IRDAI-registered insurers. Please review the official brochure & benefit illustration before purchase. Tax benefits depend on individual eligibility under prevailing laws.