Eshield Plan vs Tata Aia Maha Raksha Supreme Select Plan

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.
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.

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: 

• Choice of Life Cover
• Increasing or Level Cover
• Tax Benefits As Per Laws

• Discounts for Non-Smokers
• In-built Terminal Illness Cover
• Multiple SBI Life eShield Premium Payment Term Cover

Tata AIA Maha Raksha Supreme Select is a pure term insurance plan that protects your family's lifestyle, secures long-term objectives, and repays debts if you are not around. It is a Non-Participating, non-linked, and Individual Life Insurance product that provides you flexibility at every step. Under this plan, you will get 4 death benefit options, 50% acceleration of sum assured and waiver of premiums on terminal illness, and whole life cover. You will also get joint life cover for spouse, discounts for salaried and women, instant claim payout, FlexiPay to defer premiums, and optional riders for wellness and health benefits. 

Tata AIA Maha Raksha Supreme Select plan offers various benefits, including:

• Flexible death benefit options
• Whole life cover 
• Super Retirement Benefit (Life Secure Options)
• Acceleration of 50% of the Effective Sum Assured on the Diagnosis of Terminal Illnesses

• FlexiPay Benefit
• Joint Life Option
• Discounts on premiums for women