SBI Life eShield Plan
- Choose your sum assured
- Terminal illness cover
- Non-smoker discounts
A boy-in-squares bagging escapades of switching streets in groove & sensing musical airy-notes from 6 1". Under wayed nyctophile sketching the walls of life from the panorama of anime.
Vicky Garg has spent 7.5+ years in expertising health insurance paid marketing. He specialises in ROI-driven health insurance marketing across platforms like Google Ads, Meta Ads, Influencer Marketing, WhatsApp, SMS, Email Marketing, and Affiliate Networks.
Updated on Jul 09, 2025 2 min read
We can never know about what the future holds for us. And when you've the responsibility of supporting the family on your shoulders, then it becomes very crucial to have a backup plan that can take care of the future of your loved ones in case you're no longer around. Luckily, SBI Life Term Insurance Company has recently launched a new plan called 'SBI Life eShield Term Policy' which acts as a protective shield for your family members after your unfortunate demise. This plan is fabricated for a responsible person who comprehends and identifies the need for financial protection after his demise.
SBI Life - eShield is an online term insurance plan that is designed for tech-savvy, educated, high net-worth individuals interested in buying a pure protection cover. The plan is considered highly valuable as it shifts the burden and tension of future contingencies of the policyholder and eliminates the stress for future expenditures. It has inbuilt coverage for a terminal illness where the whole sum assured is paid immediately to lessen the liabilities incurred in the past.
SBI eShield Plan offers you a range of benefits including:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 80 years
Minimum term - 5 years Maximum term - 80 years
Basic Sum Assured: ₹35L to No LImit
The policy loan is not available under SBI Life eShield Plan.
Yearly, Half-yearly, Quarterly & Monthly
Let's understand how the SBI Life eShield Plan works with a simple premium illustration.
Mr Umesh, a 30-year-old software developer, is looking for a term plan that offers high life cover at affordable premiums and in-built terminal illness cover.
His financial advisor advised him to buy the SBI Life eShield Plan Work. He visited PolicyX.com.
Let's understand how the SBI Life eShield Plan works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹989/month | ₹11,868/year | 30 years | ₹3,56,040 | ₹1 Crore |
Key Takeaways: If Mr Umesh passes away during the policy term, a sum assured equal to ₹1 Crore will be paid to the nominee.
Here are the benefits associated with the SBI Life eShield Plan
SBI Life eShield plan offers in-built terminal illness cover with no additional charges and settles the claims cheerfully. However, to avail of this benefit, you need to submit reports from a doctor the Indian Medical Association recognizes.
The facility of medical opinion from another will be given to the policyholder for the treatment or diagnosis conducted earlier. Policyholders can make a wise decision for their health with the help of World Leading Medical Centers networked with the insurance provider.
SBI Life eShield gives the ease of online payments of the premiums and the claim amount to enjoy fast and hassle-free insurance service by sitting on the couch of your room.
The premiums paid for term insurance will receive a tax deduction as per the prevailing income tax laws in India. The benefits will be compensated with regard to rules formulated under section 80C and 10C © of the Income Tax Act.
Life Assured is offered flexibility to pay premiums either monthly, quarterly or annually for the choice of benefit structure and optional riders.
SBI eShield term insurance plan
You can add the following riders to your SBI Life eShield Plan:
By availing this Accidental Death rider, the family of the insured person can claim the rider coverage amount as chosen at the purchase of the policy.
Accidental permanent disability refers to any loss that occurred to both arms or both legs or eyes due to an accident that is seen as irrecoverable by a recognized medical practitioner.
Here is the list of exclusions associated with the plan:
SBI Life eShield Term Insurance Plan is a new-age best term insurance plan that offers a choice of two plan options: Level and Increasing Cover. The plan also provides several in-built benefits, such as accelerated terminal illness benefits, riders, flexible premium payment terms, tax benefits, etc. If you want to know more about SBI eShield policy details or compare different plans, you can easily contact us through the website policyx.com or call us at 1800-4200-269. You can also check SBI Life eShield term insurance review online.
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A boy-in-squares bagging escapades of switching streets in groove & sensing musical airy-notes from 6 1". Under wayed nyctophile sketching the walls of life from the panorama of anime.
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