SBILife.co.in – SBI Smart Life eShield Term Insurance Plan. The SBI Life’s eShield term insurance plan is the non linked, individual, non participating term insurance plan with the benefits and options are specially customized for who wish a good financial safety at reasonable cost.
SBI Life’s eShield Term Insurance Plan REVIEW – SBILife.co.in
Of course, the SBI Life’s eshield is the pure online term insurance plan and offers the premium insurance coverage at the best premiums. This type of the online term insurance plan provides full financial protection to the insurer family.
Four Variants Of SBI Life’s eShield Term Insurance Plan:
- Level Cover: An effective amount is assured for this option is basic amount assured chosen for policy beginning.
- Level Cover With Accidental Death Benefit: In this term insurance plan the insurer will get choice to get additional coverage beside the insurer death by accident at the time of policy term.
- Increasing Cover: The raising of the sum amount assured by the ten percent on the simple interest for every five years without the premium increases.
- Increasing Cover With Accidental Death Benefit: this plan works similar way of Increasing Coverage plan but insurer get the additional coverage besides death in an accident.
Eligibility Criteria Of SBI Life’s eShield Term Insurance Plan:
- Sum Assured: the minimum sum assured for the insurer is 2000000 and there is no limit for maximum.
- Policy Term: The minimum policy term is the 5 years to 10 years and 30 years is the maximum policy term.
- Death Benefit: If the policy holder will be died for the accidents, the effective sum amount will be provided for the policy holder family.
- Premium Payment Term: this will be equal to the policy tenure.
- Entry Age Limit For Insurer: Minimum 18 years and maximum 65 years
- Age At Maturity: the maximum age at maturity is 70 years.
- Premium: Minimum premium amount is 3500 and there is no limit for maximum.
- Payment Modes: once in a year.
Features Of SBI Life’s eShield Term Insurance Plan:
- The SBI Life eshiled is the online term insurance plan.
- There are four coverage options will be available for this term insurance plan.
- The additional death benefits are available up to Rs. 50 lakhs.
- There is non-smoker’s advantage of the premium benefits available in this plan.
- There is no surrender and maturity benefits will be available for this plan.
Benefits Of SBI Life’s eShield Term Insurance Plan:
- Death Benefits: In case of, insure is dead for accident the effective sum will be assured for the policy holder family. This will be based on the insurer chosen plan options:
- Effective Sum Assured: Sum Assured selected for the Level Coverage options
- Effective Sum Assured: Sum assured will be increases by ten percent for every five year of the policy.
- Maturity Benefit: There is no maturity benefit will be available.
- Income Tax Benefit: the payment assured for the tax benefit at Rs. 100000 based on the section of section 80C and section 10(10) D.
Download eShield Brochure