ABSLI Life Shield Plan vs SBI Life eShield Next Plan

ABSLI Life Shield Plan

Premium starts ₹637/month

Claim Settlement Ratio

98.9%

SBI Life eShield Next Plan

Premium starts from ₹670/month

Claim Settlement Ratio

98.3%

₹1 Crore Life cover starting from ⁺

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Know More About Plans

ABSLI Life Shield Plan gives you a wide menu to build your term cover from. Its 8 plan options let you decide whether the cover stays fixed, grows each year or reduces over time. You can also add a spouse under Joint Life, or choose to get your premiums back if you outlive the policy.

Your cover isn’t locked in either. You can step it up at big life moments like a wedding or a new baby. If a terminal illness is diagnosed, 50% of the sum assured is released immediately, up to ₹2.5 crore.

Here are some key features of this plan:

Increase life cover

Waiver of premiums available

Return of premiums on maturity

Flexible premium payment frequency

Added critical illness benefit

Inbuilt terminal illness benefit

Comparison

Comparison Between Plans

Aditya Birla Sun Life Insurance Life Shield Plan

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SBI Life Insurance eShield Next Plan

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About Plan (9 Key Differences)

Key Features

8 plan options
Joint life protection for spouse
Flexible premium frequency and policy term

3 plan options available
Whole life cover option
Plan personalization available

Plan Entry Age

Variants 1, 3, 5, 7: 18 to 65 years
Variants 2, 4, 6, 8: 18 to 50 years

Minimum:
Whole Life: 45 years
Other than Whole Life: 18 years

Maximum:
For Level cover, increasing cover and level cover with future-proofing benefit:
Single premium & LPPT: 65 years
Regular premium: 60 years

For better half benefit: 55 years

Plan Maturity Age

85 years

Single and Regular Premium: 85 years

LPPT:
Whole life: 100 years
Other than whole life: 85 years

Plan Policy Term

Variants 1 - 6: 10 - 55 Years
Variants 7 & 8: 20 - 55 years

Minimum: 5 years

Maximum: Single and Regular Premium: 85 less age at entry in years

LPPT:
Whole Life: 100 less age at entry in years
Other than whole life: 85 less age at entry in years

Premium Paying Term

Single Pay
Limited Pay – 6, 8, 10 Years
Regular Pay

Whole Life:
LPPT: 7, 10, 15, 20, 25 years

Other than whole life:
For single premium: One time at policy inception
For regular premium: Same as policy term
For limited premium: 5, 7, 10, 15, 20, 25 years and policy term less 5 years

Plan Sum Assured

Minimum: Rs. 25,00,000
Maximum: No Limit

Minimum:
For online and web aggregator channel: Rs. 50,00,000
For other distribution channel: Rs. 75,00,000

Maximum:
For non-smoker lives: No Limit
For smoker lives: Rs. 99,00,000

(Maximum sum assured shall remain as per the underwriting policy)

Plan Variants

Level Term Assurance
Level Term Assurance with Waiver of Premium (WOP) Benefits
Increasing Term Assurance
Increasing Term Assurance with Waiver of Premium (WOP) Benefits
Decreasing Term Assurance
Decreasing Term Assurance with Waiver of Premium (WOP) Benefits
Return of Premium
Return of Premium with Waiver of Premium (WOP) Benefit

Level Cover
Increasing Cover
Level Cover with Future Proofing Benefit

Premium Paying Frequency

Monthly, Quarterly, Half-yearly, Yearly

Single, Monthly, Half-yearly, Yearly

Income Payout Term

For variants 1 & 2: Fixed annual income or Increasing annual income is paid for 10 or 15 years

Not Available

Terminal Illness Sum Assured

50% of Sum Assured on Death is paid on diagnosis and all future premiums are waived off

Maximum TI: 2.5 crore

Sum assured on death is payable before 80 years, subject to a maximum of Rs. 2 Crore

Payout Options

Lump sum, Installments

Maturity Benefit

Variants 1-6: No maturity
Variants 7 & 8: Return of premiums paid

Not Available

Claim Settlement Ratio (2025-26)

98.86%

99.4%

Riders of Different Plans

ABSLI Accidental Death Benefit Rider Plus

Add this rider for additional protection against accidental death.

ABSLI Accidental Death and Disability Rider

Add this rider for added risk protection in times of death or disability due to an accident.

ABSLI Critical Illness Rider

Add this rider to get a lump sum payout on diagnosis of the specified critical illness.

ABSLI Surgical Care Rider

Add this rider to get a payout to cover your surgical expenses.

ABSLI Hospital Care Rider

Get daily cash benefits, ICU benefits, and a lump sum payout for recovery during your hospital stay.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

+On the basis of your profile

+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 410/month (Rs.14/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age rounded off to nearest 10

+Rs. 245 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 15/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10

+Rs. 504/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 494/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 636/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 918/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,286/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 453/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.582/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 786/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,592/month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 525/month is the starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 68 years of age.

+Rs. 668/month is starting price for a 2 crore term life insurance for an 25 year-old male, non-smoker, with no pre-existing diseases, cover upto 45 years of age.

+Rs. 1,200/month is starting price for a 2 crore term life insurance for an 35 year-old male, non-smoker, with no pre-existing diseases, cover upto 55 years of age.

+Rs. 410/month is starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 577/month is starting price for a 1 crore term life insurance for an 18 year-old Male, self employed, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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