SBI Life eShield Plan

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SBI Life eShield Plan

We can never know what the future holds for us. And when you've the responsibility of supporting the family on your shoulders, then it becomes very crucial to have a backup plan that can take care of the future of your loved ones in case you're no longer around. Luckily, SBI Life Term Insurance Company has recently launched a new plan called 'SBI Life eShield Term Policy', which acts as a protective shield for your family members after your unfortunate demise. This plan is fabricated for a responsible person who comprehends and identifies the need for financial protection after his demise.

SBI Life - eShield is an online term insurance plan that is designed for tech-savvy, educated, high-net-worth individuals interested in buying a pure protection cover. The plan is considered highly valuable as it shifts the burden and tension of future contingencies of the policyholder and eliminates the stress for future expenditures. It has inbuilt coverage for a terminal illness, where the whole sum assured is paid immediately to lessen the liabilities incurred in the past.

SBI eShield Plan benefits include: 

why-choose
  • Choice of Life Cover
  • Increasing or Level Cover
  • Tax Benefits As Per Laws
  • Discounts for Non-Smokers
  • In-built Terminal Illness Cover
  • Multiple SBI Life eShield Premium Payment Term Cover

Eligibility Criteria for SBI Life eShield Plan

Your Occupation

Entry age

Minimum Age - 18 years Maximum Age - 65 years

Mukhyamantri Amrutam Yojana

Maturity age

Maximum Maturity Age - 80 years

Your Gender

Policy term

Minimum term - 5 years Maximum term - 80 years

Maternity Benefit Rider

Sum assured

Basic Sum Assured: ₹35L to No LImit

Dr YSR Aarogyasri Trust

Policy loan

The policy loan is not available under SBI Life eShield Plan.

Maternity Benefit Rider

Payment modes

Yearly, Half-yearly, Quarterly & Monthly

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Exclusions of SBI Life eShield Plan

Here is the list of exclusions associated with the plan:

  • Death 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 or alcohol.
  • Death due to any pre-existing disease that isn't mentioned at the start of the policy.
  • If a policyholder commits suicide within the first 12 months of purchasing the policy, then no death benefits are paid to their nominee.

Conclusion

SBI Life eShield Term Insurance Plan is a new-age best term insurance plan that offers a choice of two plan options: Level and Increasing Cover. The plan also provides several in-built benefits, such as accelerated terminal illness benefits, riders, flexible premium payment terms, tax benefits, etc. If you want to know more about SBI eShield policy details or compare different plans, you can easily contact us through the website policyx.com or call us at 1800-4200-269. You can also check the SBI Life eShield term insurance review online.

Explore more about SBI Term Insurance Company

Explore other SBI Term Insurance

SBI Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with SBI Term Insurance plans. Below is the list of term plans offered by SBI Term.

SBI Life Smart Shield Plus Plan is one of the best term insurance plans that offer financial protection to your loved ones during the policy term. Thi...

Unique Features

  • Choice of Plan Options
  • Optional Better Half Benefit
  • Lower Rates for Female Lives

SBI Smart Shield Plus (Pros)

SBI Smart Shield Plus
  • Choice of Plan Variant
  • Cover Continuance Benefit
  • Special Exit Value

SBI Smart Shield Plus (Cons)

SBI Smart Shield Plus
  • 1 year WP for suicide
  • No policy loan
  • No pre-existing illness cover

SBI Smart Shield Plus (Other Benefits)

SBI Smart Shield Plus
  • Option to Choose Whole Life Cover
  • Inbuilt Terminal Illness Cover
  • Special Discount for Females

SBI Smart Shield Plus (Eligibility Criteria)

SBI Smart Shield Plus
  • Entry age - 18 years
  • Max entry age - 65 years
  • Min sum assured - Rs 25 lakhs
  • Max maturity age - 100 years
  • PPT - RP/SP/LP

SBI Saral Swadhan Plus is an individual, non-linked, non-participating, life insurance plan that gives you a fixed life cover throughout the policy te...

Unique Features

  • Death benefit
  • Maturity Benefit
  • Survival benefit

SBI Life Saral Swadhan Plus Plan (Pros)

SBI Life Saral Swadhan Plus Plan
  • Death Benefit
  • Maturity Benefit
  • Surrender Benefit

SBI Life Saral Swadhan Plus Plan (Cons)

SBI Life Saral Swadhan Plus Plan
  • No Policy Loan
  • Suicide Clause
  • Waiting Period

SBI Life Saral Swadhan Plus Plan (Other Benefits)

SBI Life Saral Swadhan Plus Plan
  • Paid Up Value
  • Easy Enrolment
  • Value for Money

SBI Life Saral Swadhan Plus Plan (Eligibility Criteria)

SBI Life Saral Swadhan Plus Plan
  • Entry Age -18 Years
  • Max Entry Age- 55 Years
  • Minimum Sum Assured - ₹30K
  • Maximum Maturity Age - 70 Yrs
  • Premium Payment Term - RP/LP

Security for your loved ones is available with the SBI Life Saral Jeevan Bima Plan at a reasonable cost. It is a straightforward policy that offers th...

Unique Features

  • Standard plan
  • Affordable premiums
  • Tax benefits

SBI Saral Jeevan Bima (Pros)

SBI Saral Jeevan Bima
  • Simple Term Plan
  • Affordable Premiums
  • Tax Benefits

SBI Saral Jeevan Bima (Cons)

SBI Saral Jeevan Bima
  • No Surrender Benefit
  • No Maturity Benefit
  • No Policy Loan

SBI Saral Jeevan Bima (Other Benefits)

SBI Saral Jeevan Bima
  • Instant Issuance
  • Life Cover Up To 70 Years
  • High Life Cover

SBI Saral Jeevan Bima (Eligibility Criteria)

SBI Saral Jeevan Bima
  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - ₹5L
  • Maximum Maturity Age - 70 Yrs
  • Premium Payment Term - RP/SP/LP

SBI Term Insurance company offers a comprehensive term insurance plan called SBI Life Smart Swadhan Plus policy, which aims at fulfilling the future f...

Unique Features

  • Return of Premium Feature
  • High Sum Assured Discount
  • Life Cover Up To 75 Years

SBI Life Smart Swadhan Plus (Pros)

SBI Life Smart Swadhan Plus
  • Choice of Plan Options
  • Multiple Premium Payment Term
  • High Sum Assured Discount

SBI Life Smart Swadhan Plus (Cons)

SBI Life Smart Swadhan Plus
  • No Surrender Benefit
  • Suicide Clause
  • No Policy Loan

SBI Life Smart Swadhan Plus (Other Benefits)

SBI Life Smart Swadhan Plus
  • Return of Premium Feature
  • Life Cover Benefit
  • Life Cover Up To 75 Years

SBI Life Smart Swadhan Plus (Eligibility Criteria)

SBI Life Smart Swadhan Plus
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - ₹5L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - RP/SP/LP

SBI Life - Poorna Suraksha is an Individual, Non-Linked, Non-Participating Life Insurance, Pure Risk Premium Product with in-built Critical Illness co...

Unique Features

  • Cover 36 Critical Illness
  • Avail Premium Waiver
  • Avail Fixed Premium

SBI Life Poorna Suraksha (Pros)

SBI Life Poorna Suraksha
  • In-built Premium Waiver
  • Critical Illness Cover
  • Life-Stage Rebalancing

SBI Life Poorna Suraksha (Cons)

SBI Life Poorna Suraksha
  • No Policy Loan
  • No Surrender Value
  • No Maturity Benefit

SBI Life Poorna Suraksha (Other Benefits)

SBI Life Poorna Suraksha
  • Fixed Premium
  • High Life Cover
  • High Sum Assured Discounts

SBI Life Poorna Suraksha (Eligibility Criteria)

SBI Life Poorna Suraksha
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - ₹5L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - RP

According to IRDAI, a medical examination test is necessary for purchasing any Yojana. However, sometimes, a delay in a report or minor health issues ...

Unique Features

  • Instant Processing
  • Easy Enrollment
  • Single Premium

SBI Life Grameen Bima Yojana (Pros)

SBI Life Grameen Bima Yojana
  • Instant Processing
  • Easy Enrollment
  • Single Premium

SBI Life Grameen Bima Yojana (Cons)

SBI Life Grameen Bima Yojana
  • No Policy Loan
  • No Surrender Benefit
  • No Maturity Benefit

SBI Life Grameen Bima Yojana (Other Benefits)

SBI Life Grameen Bima Yojana
  • Death Benefit
  • Short Term Cover
  • Tax Benefit

SBI Life Grameen Bima Yojana (Eligibility Criteria)

SBI Life Grameen Bima Yojana
  • Entry Age -18 Years
  • Max Entry Age- 50 Years
  • Minimum Sum Assured - ₹10 K
  • Maximum Maturity Age - 60 Yrs
  • Premium Payment Term - SP

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 chang...

Unique Features

  • Better Half Benefit
  • 3 Plan options
  • Terminal Illness Benefit

SBI eShield Next Plan (Pros)

SBI eShield Next Plan
  • Whole Life Cover
  • Terminal Illness Benefit
  • Choice of Plan Options

SBI eShield Next Plan (Cons)

SBI eShield Next Plan
  • No Policy Loan
  • No Surrender Value
  • No Maturity Benefit

SBI eShield Next Plan (Other Benefits)

SBI eShield Next Plan
  • Increasing Cover Benefit
  • Future Proofing Benefit
  • Optional Riders

SBI eShield Next Plan (Eligibility Criteria)

SBI eShield Next Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - ₹50L
  • Maximum Maturity Age - 100 Yrs
  • Premium Payment Term - RP/SP/LP

We can never know what the future holds for us. And when you've the responsibility of supporting the family on your shoulders, then it becomes very cr...

Unique Features

  • Choose your sum assured
  • Terminal illness cover
  • Non-smoker discounts

SBI Life eShield Plan (Pros)

SBI Life eShield Plan
  • Terminal Illness Benefit
  • Discounts for Non-Smoker
  • Level Cover

SBI Life eShield Plan (Cons)

SBI Life eShield Plan
  • No Policy Loan
  • No Surrender Value
  • No Maturity Benefit

SBI Life eShield Plan (Other Benefits)

SBI Life eShield Plan
  • Choice of Life Cover
  • Medical Second Opinion Service
  • Tax Benefits

SBI Life eShield Plan (Eligibility Criteria)

SBI Life eShield Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - ₹35L
  • Maximum Maturity Age - 80 Yrs
  • Premium Payment Term - RP

As we grow older our responsibilities grow. Are you worried that your term plan might not be enough as your life will move forward? Fret not! SBI Life...

Unique Features

  • Two Plan options
  • 30% Premium discount
  • Tax benefits

SBI Life Smart Shield (Pros)

SBI Life Smart Shield
  • Choice of Plan Options
  • Online Discount
  • Earn Rewards for Healthy Lifestyle

SBI Life Smart Shield (Cons)

SBI Life Smart Shield
  • No Policy Loan
  • No Surrender Value
  • No Maturity Benefit

SBI Life Smart Shield (Other Benefits)

SBI Life Smart Shield
  • High Sum Assured Discount
  • Optional Riders
  • Tax Benefits

SBI Life Smart Shield (Eligibility Criteria)

SBI Life Smart Shield
  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - ₹25L
  • Maximum Maturity Age - 80 Yrs
  • Premium Payment Term - SP/RP

"A plan which returns all the paid premiums back upon completion of the policy term" Several term insurance plans provide insurance coverage for the p...

Unique Features

  • Affordable plan
  • Return of premium option
  • Tax benefit

SBI Life Saral Swadhan Supreme (Pros)

SBI Life Saral Swadhan Supreme
  • Maturity Benefit
  • Add-on Riders
  • Tax Benefits

SBI Life Saral Swadhan Supreme (Cons)

SBI Life Saral Swadhan Supreme
  • Suicidal Clause
  • Waiting Period
  • No Policy Loan

SBI Life Saral Swadhan Supreme (Other Benefits)

SBI Life Saral Swadhan Supreme
  • Flexible Policy/ Premium Payment Term
  • Death Benefit
  • Surrender Benefit

SBI Life Saral Swadhan Supreme (Eligibility Criteria)

SBI Life Saral Swadhan Supreme
  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - ₹25L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - LP/RP

Usually, a term plan provides financial security to your loved ones in return for the premium you have paid during the policy term. But once in a whil...

Unique Features

  • Maturity benefits
  • Flexible policy term
  • Tax benefits under section 80C

SBI Smart Swadhan Supreme (Pros)

SBI Smart Swadhan Supreme
  • Maturity benefits
  • Flexible policy term
  • Tax benefits under section 80C

SBI Smart Swadhan Supreme (Cons)

SBI Smart Swadhan Supreme
  • No Policy Loan
  • Suicidal Clause
  • Death Due to Adventure Sports

SBI Smart Swadhan Supreme (Other Benefits)

SBI Smart Swadhan Supreme
  • Get Maturity Benefit
  • Multiple Premium Payment Term
  • Life Cover Up To 75 years

SBI Smart Swadhan Supreme (Eligibility Criteria)

SBI Smart Swadhan Supreme
  • Entry Age -18 Years
  • Max Entry Age- 60 Years
  • Minimum Sum Assured - ₹25L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - RP/LP

SBI Life Arogya Shield is a health-plus life combination plan from SBI General Insurance and SBI Life Insurance that offers health and pure term life ...

Unique Features

  • Combination Plan
  • Hospitalization Cover
  • Discount on Premiums

SBI Life Arogya Shield Plan (Pros)

SBI Life Arogya Shield Plan
  • Health Cover
  • Pure Term Life Cover
  • Cashless Claims

SBI Life Arogya Shield Plan (Cons)

SBI Life Arogya Shield Plan
  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

SBI Life Arogya Shield Plan (Other Benefits)

SBI Life Arogya Shield Plan
  • Large Sum Assured Discounts
  • Death Benefit
  • Hospitalization Cover

SBI Life Arogya Shield Plan (Eligibility Criteria)

SBI Life Arogya Shield Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - ₹5L
  • Maximum Maturity Age - 70 Yrs
  • Premium Payment Term - RP/SP

In an unpredictable world safeguarding yourself and your family's future against any serious disease or forbidden threat of critical illness, such as ...

Unique Features

  • Lump Sum Payouts
  • Sum Assured Reset Benefit
  • Waiver Of Premium Benefit

SBI Life Sampoorna Suraksha Plan (Pros)

SBI Life Sampoorna Suraksha Plan
  • Cover All Stages of Cancer
  • Staged Lump Sum Payouts
  • Reset Benefit

SBI Life Sampoorna Suraksha Plan (Cons)

SBI Life Sampoorna Suraksha Plan
  • No Policy Loan
  • No Surrender Benefit
  • No Maturity Benefit

SBI Life Sampoorna Suraksha Plan (Other Benefits)

SBI Life Sampoorna Suraksha Plan
  • Second Medical Opinion
  • In built Premium Waiver Benefit
  • Tax Benefits

SBI Life Sampoorna Suraksha Plan (Eligibility Criteria)

SBI Life Sampoorna Suraksha Plan
  • Entry Age -18 Years
  • Max Entry Age- 65 Years
  • Minimum Sum Assured - ₹10L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - RP

SBI Life eShield: FAQs

1. In what conditions, a medical second opinion can be taken?

The medical second opinion can be made under the following conditions- The life assured has shown signs of acute or life-threatening disease. Diagnosis is not received by the assured Health status is not evaluated by the attending physician within the last 12 months of duration. If the life assured is in need of physical evaluation.

2. Are deaths due to suicides are covered in the eShield plan?

Yes, the coverage is provided to the family of the life assured, if he/she meets suicidal death within the first year of the policy. The process will be- 80% of the base premium(excluding rider premium) deposited until the date of suicidal death will be refunded to the family. If the policy is revived, then the premiums submitted on revival of policy till the death would be returned. Only, 80% of base premium (eliminating premiums paid for riders) will be paid.

3. Can we cancel the policy if we are not satisfied?

Yes, eShield does come with the option to cancel the policy within a stipulated amount of time known as Free Look Period of 30 days. The policyholder has to review all the terms and conditions within 30 days and convey his decision to the insurance provider by demonstrating the genuine reason for cancellation.

4. Do we get a refund of premiums paid during the free look period?

SBI Life will refund the premiums paid at the inception of the policy along with deduction of stamp duty and medical expenses fee occurred during the period.

5. What is the condition to claim terminal illness death benefit?

The terminal Illness death benefit will only be accepted and verified by SBI Life if the death will arrive within 180 days after the examination of terminal illness. Also, the policy should remain active during the submission of claim information. Additionally, documentary proofs like medical reports should be laid down for smooth claim settlement.

6. Give me the list of documents required for making a claim?

Policy Document provided at the time of purchase Death Certificate of the life assured issued by the local body of Municipal Corporation. Claim Forms duly filled by the claimant in a given format. Evidence of death such as hospital records, medical reports, discharge summary, post mortem report. Additional documents as per the request made by SBI Life for further verification.

7. How to intimate the company about a death claim?

The nominee or the beneficiaries can inform the insurance company through writing about the cause of death along with the declaration of policy number and date of death.

8. What is the time limit to inform about the claim?

The claim must get registered within 90 days time period after the death has happened with SBI Life insurance company.

9. How is death benefit calculated?

The death benefit paid on an event of death must be more than of- 10 times of the annualized premiums. 105% of the entire premium amount paid till the death of the life assured. Whole of the sum assured amount guaranteed on death should be equal to "Effective Sum Assured" as on death.

10. What is the minimum and maximum sum assured available under the SBI Life eShield Plan?

The minimum sum assured available under the SBI Life eShield plan is Rs. 20,00,000. The maximum sum assured has no limit

11. Who can purchase SBI Life eShield Plan?

The SBI Life eShield plan can be purchased by individuals who meet the following criteria: minimum entry age of 18 years, with a maximum age of 65 years

12. Can I increase my sum assured during the policy term?

Yes, it is often possible to increase the sum assured (the amount of coverage) of a term insurance policy during the policy term, but it depends on the specific policy.

13. Can I surrender the policy before maturity?

Yes, you can surrender a life insurance policy before its maturity date. This means you can choose to terminate the policy early and receive a surrender value.

14. How long does it take to settle a claim?

Generally, term insurance claim settlement takes between 30 to 45 days after the insurer receives all the necessary documents.

15. What is SBI Life eShield?

SBI Life eShield is a non-participating, non-linked term plan offered by SBI Life Insurance. You can easily purchase this plan online, which offers several coverage options such as increasing coverage, life coverage, and optional riders for added protection. It does not provide maturity benefits but aims to offer a sum assured for long-term safety.

16. What are the plan options available under SBI Life eShield?

SBI Life eShield offers two main plan options such as the level cover option or the increased cover. Under the level cover option, the sum assured amount is the same throughout the policy term. On the other hand, under the increased coverage option, the sum assured amount increases at a fixed percentage.

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