Term Plans
In this SBI Life eShield Brochure, this policy called the SBI Life eShield Plan is under discussion. This is an individual, non-linked, and non-participating pure risk premium plan. Because this is an online plan, the entire process is extremely simple. By obtaining life insurance under this plan, a person can protect their family at extremely affordable premiums.
Note: Know more about what is term insurance first before reading this article.
This online plan has many features, which will be discussed in this SBI Life eShield Brochure, along with eligibility, benefits, the process to purchase, documents required, terms and conditions, and exclusions. The beauty of this plan is that it provides:
Term Plans
In this SBI Life eShield Brochure, the eligibility of the plan is as follows:
Types of Benefit Structure – Level Cover and Increasing Cover
Minimum Entry Age– 18 years
Maximum Entry Age:
Maximum Maturity Age:
Minimum Basic Sum Assured – 35 lakhs INR
Maximum Basic Sum Assured – No Limit, Subject to Board Approved Underwriting Policy (BAUP)
Premium Payment Modes – Yearly, Half-yearly, Quarterly, and Monthly
The premium for Non-annual Modes:
Minimum Policy Term
Maximum Policy Term
Premium Payment Term – Equal to the Policy Term
Minimum Premium Amount
Maximum Premium Amount – No Limit, Subject to Board Approved Underwriting Policy (BAUP)
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Within the SBI Life eShield Brochure, the following features make up part of the plan:Â
The various advantages of the plan are given in the SBI Life eShield Brochure:
The following benefits are offered under the plan:
For the level cover, it is the highest between:
For the increasing cover, it is the highest between:
Note: See further in the SBI Life eShield Brochure to know about the difference between Sum Assured under both covers
This plan does not offer maturity benefits.
In this SBI Life eShield Brochure, the steps to purchase the eShield plan are given. They are generally common for most other plans too:
Step 1: Visit the official website.Â
Step 2: Based on the understanding of the SBI Life eShield Brochure, purchase the correct coverage option.
Step 3: Agree to purchase.
Step 4: At this point, enter personal details.
Step 5: The premium amount and mode need to be finalized.
Step 6: The Sum assured is the next confirmation.
Step 7: Agree to the term of the policy.Â
Step 8: Add rider options, if necessary.
Step 9: Do not withhold any information.Â
Step 10: Peruse and agree to the terms and conditions.Â
Step 11: Go forward with payment.Â
Step 12: An acknowledgement copy follows.Â
Step 13: A soft copy of the policy follows on approval.Â
Step 14: Finally, the hard copy of the policy follows.Â
To purchase this plan as given in the SBI Life eShield term plan Brochure, one needs to have the following documents:
In the SBI Life eShield Brochure, two different cover options have been mentioned. Their details are provided here:
The plan covered in this SBI Life eShield Brochure has the following terms and conditions:
Within the SBI Life eShield Brochure, the exclusions for the plans are as follows:
For the Accidental Death Benefit Rider and the Accidental Total & Permanent Disability Rider, the exclusions are as given below:
Note: Check out the best term insurance plan in India and choose one that suits your requirements.
˜Top plans are based on annualized premium, for bookings made through https://www.policybazaar.com in FY 25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/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 38 years of age.
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
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+Rs. 820/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 38 years of age.
+Rs. 1,443/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 38 years of age.
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