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Sbi Life Smart Swadhan Plus | Sbi Life Smart Swadhan Plus Review 2025 | SBI Life Insurance Plans
SBI Term Insurance
SBI eShield Next Plan
SBI Life e-Shield is a pure protection plan that offers you 3 plan opt ...Read More
🛡️ IRDAI Approved
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📊 1.96 solvency ratio
✅ 98.83%% claim settlement ratio
🌐 1154+ pan-India
About SBI eShield Next Plan
A quick read on what this SBI Term Insurance term plan covers and why it might be a fit for you.
SBI Life eShield Next, launched by SBI Life is a new age term insurance 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.
SBI Life eShield Next Plan offers you a range of benefits including:
- Whole Life Cover
- Optional Riders
- Tax Benefits As Per Laws
- Terminal Illness Benefit
- Multiple Premium Payment Term
- Future Proofing Benefit
Eligibility Criteria for SBI eShield Next Plan
Entry age
Minimum Age - 18 years Maximum Age - 65 years
Maturity age
Maximum Maturity Age - 100 years
Policy term
Minimum term - 5 years Maximum term - 100 years
Sum assured
Basic Sum Assured: ₹50L to No Limit
Policy loan
The policy loan is not available under SBI Life eShield Next plan.
Payment Modes
Single, Yearly, Half-Yearly, and Monthly
Pros & cons
A quick honest summary — the strengths and the trade-offs.
Pros
- Whole Life Cover
- Terminal Illness Benefit
- Choice of Plan Options
Cons
- No Policy Loan
- No Surrender Value
- No Maturity Benefit
Video reviews
Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.
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SBI eShield term insurance plan
Who can buy this plan
Eligibility criteria pulled straight from the policy wording.
Entry Age -18 Years
Max Entry Age- 65 Years
Minimum Sum Assured - ₹50L
Maximum Maturity Age - 100 Yrs
Premium Payment Term - RP/SP/LP
How Does SBI Life eShield Next Plan Work?
Let's understand how the SBI Life eShield Next Plan works with a simple premium illustration.
Problem
Mr Gurjeet, a healthy 30-year-old, is looking for a term plan that offers whole life cover with the term illness cover option at affordable premiums.
Solution
His financial advisor advised him to buy the SBI Life eShield Next Plan Work. He visited PolicyX.com.
Let's understand how the SBI Life eShield Next Plan works for him with an example.
| Age of policyholder | Monthly Premiums | Annual Premiums | Policy Tenure | Total premiums paid | Sum assured |
| 30 years | ₹1,264/month | ₹15,168/year | 99 years | ₹4,55,040 | ₹1 Crore |
Key Takeaways: If Mr Gurjeet passes away during the policy term, a sum assured equal to ₹1 Crore will be paid to the nominee.
Riders Associated with SBI Life eShield Next Plan
You can add the following riders to your SBI Life - eShield Next Plan:
SBI Life Accidental Death Benefit Rider
Accidental death benefits rider provides an additional sum if the policyholder dies due to an accident during the policy tenure.
SBI Life Accidental Total and Permanent Disability Rider
Accidental Total and Permanent Disability Rider covers the policyholder if any accident occurs that leads to the permanent disability of the policyholder.
Features of SBI eShield Next Plan
Key features that make SBI eShield Next Plan stand out.
Whole Life Cover
Stay protected with a life cover and get complete protection up to the age of 100 years.
Choice of Plan Options
SBI Life eShield Next plan offers 3 plan variants, allowing policyholders to select the protection level: level cover, increasing cover, and level cover with future proofing benefit.
Tax Benefits
With this plan, the policyholder can avail of tax benefits up to 1.5 lakhs under Section 80C of the Income Tax Act.
Better Half Benefit
In this feature, you can ensure sufficient coverage for your spouse in your absence. It is essential because the surviving spouse will have the family's sole responsibility and hence needs to be insured.
Plan Options Offered By SBI Life eShield Next Plan
SBI Life eShield Next Plan offers 3 plan options to the policyholders.
-
Level Cover
Under this plan option, the sum assured amount would remain the same throughout the policy term.
-
Increasing Cover
Under this plan option, the amount assured on death would increase by 10% p.a 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 policyholder would have the flexibility to increase the sum assured amount on attaining certain life stages during the policy term.
Benefits of SBI eShield Next Plan
Here are the key benefits of the SBI eShield Next Plan.
Multiple PayoutOptions
SBI life esheild offers multiple payout options such as lump sum, in monthly installments, or lump sum+monthly installments.
Terminal Illness Benefit
If the life assured 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 shall be payable.
Flexible PremiumPayment Term
Flexible premium payment terms allow you to pay a premium once (single), for a limited period (limited), or throughout the policy term (regular).
Add-on Riders
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.
What are the exclusions of SBI Life eShield Next Plan?
Here is the list of exclusions associated with the plan:
- Death occurred due to a pandemic is not covered by the company.
- Death caused due to any type of adventure sports.
- Death by consumption of any type of drugs and alcohol.
- Death due to any pre-existing disease that isn't mentioned during the start of the policy.
- If a policyholder commits suicide within first 12 months of purchasing the policy, then no death benefits are paid to their nominee.
Conclusion
SBI Life- eShield Next is a pure protection plan that offers complete protection up to the age of 100 years. The plan offers several benefits, making it one of the best gifts you can give your family for a happy and protected future. If you want to know more about the plan or compare different best term insurance plans, you can easily contact us through the website policyx.com or call us at 1800-4200-269.
Conclusion
SBI Life- eShield Next is a pure protection plan that offers complete protection up to the age of 10
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SBI Life eShield Next Insurance Plan: FAQs
The 6 most-asked questions about SBI eShield Next Plan, answered.
The minimum entry age for whole life is 45 years while for other than whole life is 18 years.
It is an efficient plan with 3 cover options that are versatile to protect your loved ones as your responsibilities increase.
The maximum age at maturity under shield next in whole life cover is 100 years.
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.
You can pay your premium for SBI eShield Next either online mode or offline.
The minimum sum assured of SBI eshield next term plan is 50 lacs.
Written and reviewed by
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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