SBI eShield Next Plan

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

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.

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.

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.

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.