SBI Life Insurance on Monday said it has signed bancassurance agreement wit...
SBI Life has finally launched its Online Term Plan this week. The unique online term plan of SBI Life eShield Plan has 2 different variants of Level Cover and Increasing Cover, both of which can be availed with Accidental Death Benefit option right from policy inception.
In Level Cover Option, the Sum Assured remains constant throughout the policy tenure. But in the Increasing Cover Option, the Effective Sum Assured is the Basic Sum Assured which increases by 10% simple interest after every 5th policy year without increase in premium. Thus, the cover keeps increasing every 5 years.
Both these options can be availed online.