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Eshield Plan
521-/ per month
VS
Saral Swadhan Plus Plan
543-/ per month
We can never know 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 benefits include:
| PLAN DETAILS |
Eshield Plan |
Saral Swadhan Plus Plan |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Maturity age | Maximum Maturity Age - 80 years | Maximum Maturity Age - 70 years |
| Plan Sum Assured | Basic Sum Assured: ₹50L to No LImit | Basic Sum Assured: ₹30K to ₹4.75L |
| Plan Entry Age | Minimum Age - 18 years Maximum Age - 65 years | Minimum Age - 18 years Maximum Age - 55 years |
| Plan Payment modes | Yearly, Half-yearly,& Monthly | Yearly |
| Plan Policy loan | The policy loan is not available under SBI Life eShield Plan. | The policy loan is not available under SBI Life Saral Swadhan+ Plan. |
| Plan Sample Premium | Rs 521-/ per month | Rs 543-/ per month |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy Term | Minimum term - 5 years Maximum term - 85-less than entry age years | Minimum term - 10 years Maximum term - 15 years |
| Claim Settlement Ratio (2024-25) | 98.83% | 98.83% |
|
SBI eShield term insurance plan SBI Term Insurance |
||
* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above term insurance plans using the PolicyX Term Insurance Calculator.
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