SBI Life eShield is a non-participating pure term plan which is available for purchase through the company’s website. The online process of purchase of SBI Life e-Shield is very simple and hassle-free. It is a non-linked, non-participating pure term insurance plan which provides high insurance coverage at a very affordable premium rate. This is a comprehensive plan that provides tailored benefit to the policyholder and secures the family of the insured against any type of eventuality. Moreover, the plan also provides a tax benefit to the policyholder.
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
18 years |
60/65 years |
Maturity Age (Last Birthday) |
- |
70 years |
Policy Term (PT) in years |
5 /10 |
30 |
Premium Paying Term (PPT) in years |
Equal to policy term |
|
Premium Paying Frequency |
Annual |
|
Yearly Premium |
3500 |
Single Pay – 10,000 |
Sum Assured |
20,00,000 |
No limit |
Annual premium in Rupees for a policy tern of 20 years and SA of 50 Lakhs
Age |
Male Lives |
Female Lives |
||
Smokers |
Non-smokers |
Smokers |
Non-smokers |
|
30 |
7770 |
4660 |
6275 |
3920 |
40 |
17,145 |
9495 |
12,260 |
6955 |
50 |
41,615 |
22,305 |
29,020 |
15,680 |
30 days grace period is allowed for payment of premium
There is no option of surrendering the plan.
If you would not be pleased with the coverage, and terms and conditions of this SBI life insurance policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
Policyholder has to fill up an ‘Application form/ proposal form’ online and provide self-attested copies of KYC/AML Documents.
Your family's expenses won't stop in your absence, why should you?
Provide complete protection to your dear ones
₹1 Crore life cover at just ₹490/month