eShield Next Plan
  • Covers death, disability and disease
  • 3 Plan options
  • Cover up to 100 Years
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SBI eShield Next Plan

SBI Life eShield Next, launched by SBI Life is a new age protection plan that enables you to take care of your current requirements and your changing responsibilities. You can boost your family's financial immunity in an ever-changing world with SBI Life eShield Next. SBI Life offers multiple term plans along with eShield Next to safeguard your loved ones.

Continue reading to explore more about the SBI Life eShield Next plan, its benefits, and many more.

Eligibility Criteria of SBI Life eShield Next Plan

Age at Entry

Min: Whole life- 45 Years
Other than whole life-18

Maximum Age at Maturity

65 years

Policy Term

10 to 40 years

Premium Payment Options

Single premium, Regular premium, Limited premium

Minimum Sum Assured

Rs. 50,00,000

Read more specifications in the brochure.

Benefits of SBI Life eShield Next Plan

With several benefits, SBI Life eShield Next plans are one of the best gifts you can give your family for a happy and protected future. Below mentioned are some of the benefits that one can avail yourself of under the plan.

Availability of plan variants

When you select SBI eShield Next

Customization of plans to meet your requirements

Customize your plan to meet your

Terminal illness benefit

This benefit can be availed with all the plan

Premium payment flexibility

You get an option to pay the premium

Additional rider coverage

The policyholder can opt for additional

Availability of plan variants

When you select SBI eShield Next you can opt between 3 plan options.

Level Cover

Under this plan option the absolute amount assured on death would remain level throughout the policy term.

Increasing Cover &

Under this plan option, the absolute amount assured on death would increase by 10% p.a (simple) of the basic sum assured at the end of every 5th policy year. However, this will not be applicable once the life insured attains the age of 71 Years.

Level Cover with Future-Proofing Benefit

Under this plan option, the absolute amount assured on death would have the flexibility to increase the absolute amount assured on death on attaining certain life stages during the policy term like

  • On first marriage -50% of basic sum assured
  • On birth or on the adoption of first child - 25% of basic sum assured
  • On purchase of a house - 50% of the basic sum assured
Customization of plans to meet your requirements

Customize your plan to meet your requirements through various options mentioned below

  • Death benefit payment mode which means the death benefit will be paid as a lump sum, in monthly installments or lump sum+monthly installments.
  • Better half benefit option is designed to make sure that in your absence your significant other gets suitable coverage. It can be selected at the policy inception.
Terminal illness benefit

This benefit can be availed with all the plan options. In any unfortunate event wherein the life insured is diagnosed with a terminal illness during the policy term or before the attainment of 80 years, whichever is earlier the benefit equal to the sum assured on death as on the date of diagnosis would be payable subject to a maximum of 2,00,00,000 (for in-force policies) would be payable.

Premium payment flexibility

You get an option to pay the premium three ways, i.e only once or for a limited period, or for the entire term policy.

Additional rider coverage

The policyholder can opt for additional coverage with 2 SBI riders. The riders under this policy are - SBI Life Accidental Death Benefit and SBI Life Accidental Total and Permanent Disability Benefit Rider.

Other Term Insurance Companies

Sample Premium Illustration for SBI Life eShield next

In order to help you make an informed decision, we bring to you a sample illustration of the annual premiums payable under the three death benefit options as discussed above.

As an example, we have considered a non-smoker male who has chosen a life cover at a basic sum assured of Rs. 1 Crore.

Level cover and Increasing cover regular premium payment option

Age of Policyholder (in years)Policy Term (in years)Premium Payable (in Rs.)
Level Sum AssuredIncreasing Sum Assured
30108,5898,834
401014,45315,028
501035,01836,613

Level cover with Future-Proofing benefit regular premium

Age of Policyholder (in years)Policy Term (in years)Premium Payable (in Rs.)
Level Cover with Future-Proofing
20108,589
251014,453
301035,018

Exclusions of SBI Life eShield Next Plan

Suicide claim provision

In case of death of the life insured due to suicide, within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee or beneficiary of the policyholder shall be entitled to at least 80% of the total premium paid till the date of death.

*Under all plan options, there is no exclusion other than the suicide exclusion.

Explore SBI Term Insurance

Know more about SBI Term Insurance, its claim process, buying process, and contact details by clicking on the sections below:

Claim Process

Click to know SBI Term Insurance Claim Process.

Buying Process

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Contact Us

Click Here to Check SBI Life Term Insurance Contact Details.

Explore Other SBI Term Insurance Plans

You can find other term policies offered by the SBI Term Insurance company in the section below:

SBI Life Arogya Shield

SBI Life Arogya shield is a dual protection plan that covers health along with the life insurance cover. The plan comes with affordable premiums and offers discounts also.

Unique Features

  • 5% Discount on Premiums
  • OPD Coverage
  • Maternity Cover

SBI Life Arogya Shield (Pros)

  • Mental Illness Cover
  • Pre & Post Hospitalization
  • HIV/AIDS Cover

SBI Life Arogya Shield (Cons)

  • No Loans Allowed
  • No cover for suicide
  • No rider Benefits

SBI Life Arogya Shield (Other Benefits)

  • 141 Day Care Procedures
  • Tax Saving on 80D and 80C (Health & Life Premiums)
  • Multiple Sum Insured (1, 2 & 3L )

SBI Life Arogya Shield (Eligibility Criteria)

  • Entry Age - 90 Days (Health) 18 Years (Life)
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - 70 Years
  • Premium Payment Term - Regular Premium (Annually)

SBI Life e-Shield Next

A protection plan offering 3 plan options to choose from along with a Terminal Illness Benefit that allows you to enhance your protection with Riders.

Unique Features

  • Online Plan
  • Increasing Cover on Life Stages
  • 100 Years Life Cover

SBI Life e-Shield Next (Pros)

  • 2 Rider Options
  • Better Half Benefit Option
  • Guaranteed Surrender Value

SBI Life e-Shield Next (Cons)

  • No Loans Allowed
  • No Maturity Benefit
  • Suicide no covered

SBI Life e-Shield Next (Other Benefits)

  • Life Cover with Future Proofing Benefit
  • Death Benefit Options
  • Terminal Illness Cover on all Variants

SBI Life e-Shield Next (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 50 L
  • Maximum Maturity Age - 85 Years
  • Premium Payment Term - SP/RP/LP

SBI Life Saral Jeevan Bima

An Individual, Non-linked Pure Risk premium product, that offers complete protection to the family members.

Unique Features

  • Life Cover with Future Proofing Benefit
  • 100 % Death Benefit
  • Max Sum Assured 25 Lakh

Saral Jeevan Bima (Pros)

  • Available For Online Buying
  • Spouse Cover
  • Max Sum Assured 25 Lakh

Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Saral Jeevan Bima (Other Benefits)

  • Easy Claim Settlement Process
  • Avail Tax Benefits
  • Flexible-Premium Payment term

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 65 years
  • Minimum Sum Assured-5 L
  • Maximum Maturity Age- NA
  • Premium Payment Term-RP/SP/LP(5&10 Years)

SBI Life Poorna Suraksha

Offers Critical illness cover and coverage for 36 Critical Illnesses with premium waiver benefit on the diagnosis of any of the covered Critical Illnesses.

Unique Features

  • 'LifeStage Re-balancing' feature.
  • Avail Critical Illness Benefits.
  • Premium Waiver Benefit.

SBI Life Smart Shield

SBI Life Smart Shield is a pure term plan that offers two options – Level Term Assurance and Increasing Term Assurance and offers additional riders for enhanced protection.

Unique Features

  • Coverage at an affordable cost.
  • Lower premiums for non-smokers.
  • Discount on larger sum assured.

SBI Life Smart Shield (Pros)

  • Two Plan Options
  • Accidental Total and Permanent Disability Benefit Rider
  • Accidental Death Benefit Rider

SBI Life Smart Shield (Cons)

  • Premium Loading
  • No Loan Benefit
  • No Survival Benefit

SBI Life Smart Shield (Other Benefits)

  • Covers Suicide
  • Death Benefit
  • Accelerated Critical Illness Benefit

SBI Life Smart Shield (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 60 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 80 Years
  • Premium Payment Term - 5 Yeras SP/RP

SBI Life Saral Sawdhan+

A Life insurance, saving product with a return of premium. This plan provides fixed life cover throughout the term along with maturity benefits.

Unique Features

  • Maturity benefit.
  • Death benefit.
  • Flexible premium amount.

SBI Life Grameen Bima

A Life Insurance Pure Risk Premium Product. It provides a life cover with a one-time premium payment. It is an affordable plan with surrender benefits.

Unique Features

  • Death benefit available.
  • Surrender allowed after 1st year.
  • No medical examination required.

SBI Life Grameen Bima (Pros)

  • Easy Enrolment
  • Suicide Cover
  • Fast Processing

SBI Life Grameen Bima (Cons)

  • No Loans Allowed
  • No Maturity Benefit
  • No Rider Benefits

SBI Life Grameen Bima (Other Benefits)

  • Min Single Premium Amount Rs 300
  • Max Sum Assured 50K
  • Tax Benefits

SBI Life Grameen Bima (Eligibility Criteria)

  • Entry Age - 18 Years
  • Max Entry Age - 50 years
  • Minimum Sum Assured - 10 K
  • Maximum Maturity Age - NA
  • Premium Payment Term - One-Time Payment at Inception

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SBI Life eShield Next: FAQs

1. What is the minimum age of entry for whole life cover under eShield next?

The minimum entry age for whole life is 45 years while for other than whole life is 18 years.

2. Is SBI eShield Next a beneficial plan?

It is an efficient plan with 3 cover options that are versatile to protect your loved ones as your responsibilities increase.

3. What is the maximum age at maturity under eShield Next in whole life cover?

Under this plan option, the absolute amount assured on death would increase by 10% p.a. (simple) of the basic sum assured at the end of every 5th policy year, subject to a maximum increase of up to 100% of the basic sum assured. This increase will not be applicable once the Life assured attains the age of 71 years.

4. Is SBI Life Insurance safe?

Yes, it is safe and reliable as SBI Life Insurance has a claim settlement ratio (CSR) of 93.09% as per IRDAI Annual Report 2020-21. This indicates the insurer's credibility and reliability and SBI life insurance is one of the safest and most reliable insurance companies.

5. How can I pay my premiums for the SBI eshield next?

You may opt for premium payment modes as per your requirement - single, Yearly, half-yearly, and monthly.

6. Can I pay the premium online?

Yes, you can pay your premium online by visiting the SBI life website and logging in to your account details. Choose 'Pay Premium online' and opt for a quick and hassle-free payment.

SBI Term Insurance Reviews

Read what our customers have to say about SBI term insurance company

Customer Review Image

Munmum Pathak

Pune

October 4, 2021

I have been meaning to thank policyx for helping me with the claims process...They were diligent and made the process so smooth

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Rahul Kakoti

Allahabad

September 30, 2021

SBI has been my go-to for almost every finance stuff...got a decent cover through policyx this time! they have extensive knowlege and im happy

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Guni Das

Chandigarh

September 28, 2021

amaaaaaazing team at policyx.com! super helpful and ready to give any aid as and when asked! thankssss y all

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Himanta Biswa

Mysore

September 28, 2021

truly great support staff at policy man! they helped me compare options and weighed in with interesting insights...finally bought life cover from SBI life!...

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Salman A

Bengaluru

September 27, 2021

very good work ethics at SBI nsurance...policyx agent helped me buy a policy from here. So it helped !

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Jayesh

Gurgaon

September 22, 2021

the reputation of the company got me to approach SBI ...I bought a life plan and added riders etc ...so pretty sure its good enough coverage

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Krutika Kalra

Jaipur

September 21, 2021

buyed my 1st plan from sbi ...took help from policyx who guide me to this ! so so pleased !very happy

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Girish Saikia

Mumbai

September 20, 2021

very healthy discussion I did with policyx.com...i only wanted to buy SBI life plan so when I told them they helped me customize a good policy that I hope will be helpful

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