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Overview
SBI Life - eShield is an online term insurance plan designed for tech-savvy, educated, high-net-worth individuals interested in buying a pure protection cover. We can never know what the future holds. When you have the responsibility of supporting your family, it becomes crucial to have a backup plan to secure your loved ones' future in your absence. SBI Life Term Insurance Company has launched the 'SBI Life eShield Term Policy', which acts as a protective shield for your family members after your unfortunate demise. This plan is designed for responsible individuals who understand the need for financial protection for their family.
The plan is highly valuable as it eases the financial burden of future contingencies for the policyholder's family. It includes in-built coverage for terminal illness, where the entire sum assured is paid immediately to help manage past liabilities.
Benefits of SBI Life eShield Plan
- Choice of Life Cover
- Increasing or Level Cover
- Tax Benefits as per Applicable Laws
- Discounts for Non-Smokers
- In-built Terminal Illness Cover
- Choice of Premium Payment Terms
Key Features
Pure Protection
This plan focuses completely on life cover and does not offer any maturity benefit.
Financial Protection
Your nominee receives the effective Sum Assured in case of your unfortunate demise during the policy term, provided all due premiums are paid and the policy remains active.
Long-Term Financial Security
It helps your family manage future expenses and financial responsibilities in your absence.
Exclusions
- Death due to a pandemic is not covered.
- Death caused by adventure sports.
- Death due to consumption of drugs or alcohol.
- Death due to any pre-existing disease not declared at policy inception.
- If a policyholder commits suicide within the first 12 months of purchasing the policy, no death benefits are paid to the nominee.
