#Virukipolicy | T&C*
Choosing the best term insurance for the financial protection of the family is an arduous job. Well, every person has the right to get the best in their life, so that they do not regret their decision afterward. Hence, SBI Life insurance has flooded the insurance market with distinct term plans catering to the protection needs of Indian population.
For whom SBI Life Term plans are just perfect?
|Sbi Life Term Insurance Plans||Minimum Age of Entry||Maximum Age Of Entry||Age of Maturity||Term of the Policy||Sum Assured||Premium Paying Term||Premium Paying Frequency|
|SBI Life – eShield||18 years||65 years||80 / 75 years||5/ 10 years to 80/ 75 years minus Entry Age||Rs 35 lakhs to unlimited||Same as the tenure of policy||Yearly/ Half Yearly/ Monthly|
|SBI Life – Poorna Suraksha||18 years||65 years||65 years||10, 15, 20, 25, 30 Years||Rs 20 lakhs to 2.5 crores||RegularPay||Yearly/ Half Yearly/ Monthly|
|SBI Life – eIncome Shield||18 years||60 years/ 65 years||80 / 75 years||5 years/ 10 years/ 80 years minus Entry Age||Rs 35 lakhs to unlimited||Same as the tenure of policy||Yearly/ Half Yearly/ Monthly|
|SBI Life - Sampoorn Cancer Suraksha||18 years||55 years||10 to 35 years||5 years to 30 years||Rs 25 lakhs to unlimited||Same as the tenure of policy||Yearly/ Half Yearly/ Monthly|
|SBI Life – Smart Shield||18 years||55 years||75 years||5 years to 62 years||Rs 25 lakhs to unlimited||Same as the tenure of policy||Single/ Yearly/ Half Yearly/ Monthly|
|SBI Life – Saral Shield||18 years||60 years||65 years||5 years to 30 years||Rs 7.5 lakhs to Rs 24 lakhs||Regular Pay/ Single Pay||Yearly/ Half Yearly/ Monthly/ Quarterly|
|SBI Life - Saral Swadhan+||18 years||55 years||70 years||10 years / 15 years||Rs 30,000||10 years (for both policy term)||Annual|
|SBI Life – Smart Swadhan Plus,||18 years||55 years||75 years||5 years/ 10 years / 15 years||Rs 5 lakhs to 25 crores||Single Pay/ Regular Pay/ Limited Pay||Single/ Yearly/ Half Yearly/ Monthly|
|SBI Life – Grameen Bima||18 years||50 years||Nill||5 years||Rs 10,000 to Rs 50,000||Single||Single|
SBI e Shield term plan is like a savior to the family in the absence of the life assured by securing their financial status through appropriate payment of the sum assured on death.
A traditional plan that tries to achieve the protection standards of various policyholders by promising protection against critical diseases benefit plus the assurance of death benefit.
The primary motive of SBI Life behind formulating this term plan gives specialized protection from cancer (whether of major or minor stage). This plan is highly flexible, affordable and simple to understand for every policyholder.
An SBI term plan that performs like an umbrella. Just like an umbrella protects you from harsh weather conditions, eIncome Shield also protects your family from troublesome events that can cause financial damage to the savings of a family.
A protection plan that covers the security of loved ones and financial protection from accidental death, permanent disability, and critical illnesses. Let’s count on the number of benefits it offers.
A term plan that concentrates on providing erratic protection coverage to the family after the demise of assured either due to illness or accident.
A term plan that offers multiple benefits like family protection from future eventualities, maturity benefit on the survival of assured till the end of policy tenure etc which makes it different from all other term plans.
This plan removes all your insecurities regarding future contingencies and makes you well prepared to combat all financial fluctuations.
Are you searching for a term plan that offers higher coverage at lower premiums and simply suits budget? Then, Grameen Bima term plan is a perfect solution for you as it offers comprehensive coverage at a reasonable cost of premium.
1. Accidental Death Benefit Rider
By attaching Accidental Death rider to your term insurance plan, your family can claim avail extra sum assured plus the basic sum assured as chosen on the event policy purchase.
2. Accidental Total & Permanent Disability Benefit Rider
Accidental permanent disability refers to any loss occurred to both arms or both legs or eyes due to an accident which is seen as irrecoverable and is diagnosed by the treating medical expert.
The nominee or the beneficiaries can inform the insurance company through writing about the cause of death along with the declaration of policy number and date of death. Claims can be submitted through various channels-
The claim must get registered within 90 days time period after the death has happened with SBI Life insurance company.
The terminal Illness death benefit will only be accepted and verified by SBI Life if the death will arrive within 180 days after the examination of terminal illness.
Also, the policy should remain active during the submission of claim information. Additionally, documentary proofs like medical reports should be laid down for smooth claim settlement.
The claimant/ nominee can call on the SBI Life customer care number to inquire about the claim process and other aspects related to the term insurance.
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Last updated on 13-11-2019