SBI Life eShield Plan

 

• Level Cover- The Effective Sum Assured in this option is the Basic Sum Assured chosen at Policy Inception.
• Level Cover with Accidental Death Benefit- The Effective Sum Assured in this option is the Basic Sum Assured chosen at Policy Inception. There is an inbuilt rider of Accidental Death Benefit where an additional Death Benefit due to an accident would be paid which is equal to the Basic Sum Assured or Rs 50 lakhs, whichever is lower.
• Increasing Cover- The Effective Sum Assured in this plan is the Basic Sum Assured which increases by 10% simple interest after every 5th policy year without increase in premium.
• Increasing Cover with Accidental Death Benefit- The Effective Sum Assured in this plan is the Basic Sum Assured which increases by 10% simple interest after every 5th policy year without increase in premium. There is an inbuilt rider of Accidental Death Benefit where an additional Death Benefit due to an accident would be paid which is equal to the Basic Sum Assured or Rs 50 lakhs, whichever is lower.

• It is an online Term Plan with no Bonus facility
• There are 4 options for choosing coverage in this plan
• The Effective Sum Assured in this plan is the Basic Sum Assured chosen for Level Cover options
• The Sum Assured increases by 10% every 5^th policy year for Increasing Cover options
• There is an option of choosing an Additional Accidental Death Benefit at Policy Inception
• Additional Accidental Death Benefit is equal to the Basic Sum Assured of Rs 50 lakhs, whichever is lower
• There are non-smoker benefits of premium discount in this plan

COMPARE THIS PLAN WITH OTHER TERM PLANS

Amount you wish to be covered for? 10 Lakhs 15 Lakhs 20 Lakhs 25 Lakhs 30 Lakhs 35 Lakhs 50 Lakhs 75 Lakhs 1 Crore 1.5 Crore 2 Crore 2.5 Crore 3 Crore 4 Crore 5 Crore 10 Crore 15 Crore 20 Crore 25 Crore

Duration of Policy? 5 Years 6 Years 7 Years 8 Years 9 Years 10 Years 11 Years 12 Years 13 Years 14 Years 15 Years 16 Years 17 Years 18 Years 19 Years 20 Years 21 Years 22 Years 23 Years 24 Years 25 Years 26 Years 27 Years 28 Years 29 Years 30 Years 31 Years 32 Years 33 Years 34 Years 35 Years 36 Years 37 Years 38 Years 39 Years 40 Years 41 Years 42 Years 43 Years 44 Years 45 Years 46 Years 47 Years 48 Years 49 Years 50 Years 51 Years 52 Years 53 Years 54 Years 55 Years 56 Years 57 Years 58 Years 59 Years 60 Years

Male Female

Tobacco?

Yes

No

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• Effective Sum Assured = Basic Sum Assured chosen for Level Cover options
• Effective Sum Assured = Sum Assured which increases by 10% every 5^th policy year for Increasing Cover options

 

	Minimum	Maximum
Basic Sum Assured (in Rs.)	20,00,000	No Limit
Policy Term (in years)	For Level Cover Options, 5 For Increasing Cover Options, 10	30
Premium Payment Term (in years)	Equal to Policy Tenure
Entry Age of Life Insured (in years)	18	For Level Cover Options, 65 For Increasing Cover Options, 60
Age at Maturity (in years)	-	70
Premium (in Rs.)	3,500	No Limit
Payment modes	Only Yearly

The below illustration is for a Healthy Male of 30 years opting to buy a Basic Coverage of Rs 50,00,000 for 20 years for all 4 Plan Options