SBI Life eShield Plan

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.

Get ₹1 Cr. Life Cover at just ₹411/month*

No medical
checkup required

Save more with
upto 10% discount**

Covers
COVID-19

Tax Benefit

Upto Rs. 46800

Life Cover Till Age

99 Years

8 Lakh+

Happy Customers

*Tax benefit is subject to changes in tax laws.

**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Get ₹1 Cr. Life Cover at just ₹411/month*

No medical checkup required

Save more with upto 10% discount**

Covers COVID-19

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SBI eShield Life Insurance Key Features

It is a pure term insurance plan with regular pay premium paying options
It has 4 protection variants to suit every individual’s needs:

SBI eShield Life Insurance Benefits

The nominee gets the Sum Assured on death of the policyholder
In case of Increasing Cover, the SA increases by 10% every 5 years
Inbuilt Accidental Death Benefit rider with options 2 & 4 equal to SA or 50 Lakhs, whichever is lower
Income tax benefit on the premium paid as per Section 80C and on the claims received as per Section 10(10D) of the Income Tax Act.

Product Specification:

	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

Details About SBI Life Insurance Premium

Annual premium in Rupees for a policy tern of 20 years and SA of 50 Lakhs

Age	Male Lives		Female Lives
Age	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

Policy Details of SBI eShield Plan

Grace Period

30 days grace period is allowed for payment of premium

Policy Termination or Surrender Benefit

There is no option of surrendering the plan.

Free look period

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.

Additional Features or Riders

Saving in premiums are given for non-smokers
Saving on premium for female lives.

Exclusions

In case of suicide committed within 12 months of policy inception or revival only 80% of premiums paid are returned to the nominee.
For the rider, accidents due to infection, drug abuse, self-inflicted injury, war or civil commotion, criminal acts, aviation, etc. are excluded