SBI eShield Next Plan
- Better Half Benefit
- 3 Plan options
- Terminal Illness Benefit
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:
Minimum Age - 18 years Maximum Age - 65 years
Maximum Maturity Age - 100 years
Minimum term - 5 years Maximum term - 100 years
Basic Sum Assured: ₹50L to No Limit
The policy loan is not available under SBI Life eShield Next plan.
Single, Yearly, Half-Yearly, and Monthly
Let's understand how the SBI Life eShield Next Plan works with a simple premium illustration.
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.
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.
Here are the benefits associated with the SBI eShield Next Plan
SBI life esheild offers multiple payout options such as lump sum, in monthly installments, or lump sum+monthly installments.
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 premium payment terms allow you to pay a premium once (single), for a limited period (limited), or throughout the policy term (regular).
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.
SBI eShield term insurance plan
You can add the following riders to your SBI Life - eShield Next Plan:
Accidental death benefits rider provides an additional sum if the policyholder dies due to an accident during the policy tenure.
Accidental Total and Permanent Disability Rider covers the policyholder if any accident occurs that leads to the permanent disability of the policyholder.
Here is the list of exclusions associated with the plan:
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.
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I am a passionate content writer with over three years of experience in the insurance domain. An avid learner, I always tries stays ahead of the industry's trends, ensuring my writing remains fresh and includes the latest insurance shifts. Through my work, I strive to engage with targeted insurance readers.
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