A Review Of SBI Life Insurance

Anna, a resident of Gaya, made a smart decision by purchasing a term plan from SBI Life Insurance to safeguard his family from unforeseen circumstances in the future. SBI Life Insurance offers various flexible plan benefits that suit your way of life and needs, guaranteeing the safety and well-being of your loved ones during unexpected events.

Let’s understand the various features and benefits of SBI Life Insurance.

Why Should You Consider Buying SBI Life Insurance?

SBI Life Insurance is known for its many flexible plans that can be customized to match the life goals of policyholders.

Below are some reasons why you can consider buying the SBI Life Insurance:

• This term insurance plan provides a comprehensive life cover that offers financial stability for both you and your loved ones during unforeseen circumstances such as critical illnesses, disabilities, or loss of life.

• Premiums up to Rs. 1.5 Lakh per year are tax-exempt under section 80C of this life insurance plan. Moreover, the life cover paid to your nominee is completely tax-free under section 10(10D) in case of your unfortunate death.

• SBI Life offers an additional cover through the Accidental Death Benefit rider, which can be as high as twice the life cover, at a nominal cost in case of death due to an accident.

• By paying an additional premium, the Accidental Total & Permanent Disability Benefit Rider provides extra coverage in case there is an accidental total and permanent disability.

• SBI Life's Better Half Benefit ensures sufficient coverage for your spouse in your absence, as they will have the sole responsibility for the family.
  
  

Which Is The Best SBI Life Insurance Plan ?

SBI Life eShield Next is a protection plan that provides financial security to your family in the unfortunate event of your death. With terminal illness benefit in all the plan options and two rider options, this plan provides coverage for additional risks of life. Let’s know more about this plan and understand its benefits.

What Are The Key Benefits Of SBI Life eShield Next Plan?

Below listed are the key benefits of the SBI Life eShield Next plan:

• You can choose from 3 Plan options:

  • Increasing Cover

  • Level Cover

  • Level Cover with Future Proofing Benefit

• You can also customize your plan to meet your necessities and requirements through the below mentioned options:

  • Death Benefit Payment Mode

  • Better Half Benefit Option

• You can increase your base sum assured during special events of your life, such as first marriage, child birth or adoption, house purchase, etc.

• You can select the payment method for the death benefit or Terminal illness benefit according to your preference:

  • Lump sum payment

  • Monthly installments

  • Lump Sum + Monthly Installments

What Is The Eligibility Criteria To Buy The SBI Life eShield Next Plan?

The eligibility criteria for buying the SBI Life eShield Next Plan is mentioned below:

Wrapping It Up!

Anna made a good choice by purchasing the SBI Life eShield Next Plan. It will help him protect his loved ones from future financial burden. Together with this plan, he has also received different options for death benefit payment and coverage against Accidental Death and Accidental Total & Permanent Disability. He easily bought the plan from Policybazaar and received extra savings in his premiums.

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