SBI eShield Plan Benefits – As the world becomes more digital, it’s important that all businesses have proper security measures in place to protect their data. That’s why SBI eShield is such a popular plan – it offers comprehensive protection for businesses of all sizes. In this post, we’ll take a look at some of the features that make SBI eShield such a great choice for businesses of all types, and we’ll also provide reviews from real customers so you can get a sense of what to expect. Ready to get started? Let’s dive in!
The insurance company SBI Life offers a term insurance plan called the SBI Life eShield Term Plan. You can get a lot of coverage for a low price (almost 1000X) with a term insurance plan. If you have dependents who rely on your income to cover their expenses, this makes it one of the most cost-effective and essential products in your financial portfolio. Your nominee will receive the Sum Assured, also known as the cover amount, in the event of your death during the policy’s term. This money can then be used to provide for your family financially.
SBI eShield Plan Benefits
If you are one of the many people who have been eagerly awaiting the launch of SBI eShield, then this article is for you. In this article, we will discuss the many benefits of using SBI eShield, and how it can help protect your business from a variety of potential risks. From cybercrime to data breaches, SBI eShield has you covered. So don’t wait any longer get started today.
Life is very uncertain, and as the family breadwinners, we want the best for our families now more than ever. Everyone wants their loved ones to be financially stable and safe during their absence. The Term Plan is an individual, unlinked, and non-participating pure term plan. You can take advantage of the plan’s benefits, which are tailored just for you, at a price that will keep you covered even in the face of unforeseen circumstances. You can get used to it without having to fill out cumbersome paperwork or waste time by clicking once. This plan is available to anyone between the ages of 18 and 65, and you can choose from one of four plans.
SBI eShield Plan Benefits In India 2024 Details
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| SBI eShield Plan Benefits | Click Here |
| Category | Insurance |
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SBI Life eShield Term Plan
You put in a lot of effort and put your savings into investments to guarantee your loved ones the highest possible standard of living. You grow your investments while also having a successful career, allowing you to achieve your goals before you reach retirement age. Even though you might think you have a perfect plan, there is one major hole in it. Have you ever considered what would happen if you passed away too soon to be there?
If you haven’t given it any thought, just think about what your family will go through if you die. They will have to pay back your debts through loans, and they might not even have enough money to live the way they used to. They might have to sell your possessions, which could be very difficult for them.
Read Also:-HDFC Group Term Insurance Plan Benefits Features Details Reviews
Key Features of SBI eShield Life Term Plan
The most fundamental kind of life insurance is this term plan that SBI offers. Optional is the benefit for accidental death. This is a pure insurance plan with no survival benefits and no participation (you are not entitled to a portion of the profits or an investment component).Because it is a non-linked plan, there is no exposure to stock markets. Being a pure insurance plan with no survival benefits and a low cost for a high level of coverage To ensure that your family is adequately protected, the policy can be customized to meet your requirements. The sum assured will be paid to the nominee in the event of the life insured’s death during the policy period.
Pure term insurance with regular payment options is the SBI eShield Term Life insurance plan. Depending on your financial goals, you have two coverage options from which to choose. They are:
Level cover with inbuilt Accelerated Terminal Illness benefit
The amount guaranteed does not change over the course of the policy if you select the level term assurance option. The policy’s nominee receives the assured sum upon the policyholder’s death.
Accelerated Terminal Illness Benefit:
The Life Assured would receive a benefit equal to the death benefit upon diagnosis of terminal illness, and the policy would end. The definitive diagnosis of a disease that is anticipated to cause the death of the life assured within 180 days is known as terminal illness.
Eligibility Criteria
In order to be eligible for this policy, you must be at least 18 years old, and if you choose level coverage, you must be at least 65 years old. In the event of expanding cover, the base age is likewise 18 years and the greatest age is 60 years. The policyholder cannot be older than 75 years old for the Level Cover Benefit and 70 years old for the Increasing Cover Benefit at the end of the policy term.
Product Specifications
| PRODUCT SPECIFICATIONS | MINIMUM | MAXIMUM |
|---|---|---|
| Entry Ege( last birthday) | 18 Years | 60/65 Years |
| Maturity Age (last birthday) | _ | 70 Years |
| Policy Term (PT) in Years | 5 Year | 30 Years |
| Premium Paying Term(PPT) in year | Equal to Policy Term | — |
| Premium Paying Frequency | Annual | — |
| Yearly Premium | 3500 | Single Pay 10000 |
| Sum Assured | 20,00,000 | No limit |
Details about sbi life term insurance premium
| ANNUAL PREMIUM IN RUPEES FOR A POLICY TERM OF 20 YEAR AND SA OF 50 LACS | ||||
|---|---|---|---|---|
| Age | Male Lives | Female Lives | ||
| Smokers | Non-Somkers | Smokers | Non-Somkers | |
| 30 | 7770 | 4660 | 6275 | 3920 |
| 40 | 17145 | 9495 | 12260 | 6955 |
| 50 | 41615 | 22305 | 29020 | 15680 |
Policy Termination or Surrender Benefit
One cannot surrender the SBI Life eShield plan, but they can request that the policy be cancelled.
Free look period
If, after reading the policy, you discover that the SBI life eShield plan does not meet your needs in terms of coverage or other terms, you can cancel the policy within 15 days of receiving the relevant documents. It is essential to keep in mind that claims shouldn’t have been made during this time. After certain fees have been deducted, you will receive a refund for the premium.
Additional features or riders
Discounts are given out by the SBI Life eShield plan to female applicants and nonsmokers. These two segments of the population receive a significant discount.
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SBI Life eShield – Steps on How To Get Insured
The SBI Life eShield’s ease of use is its most significant advantage. The steps to purchasing an online SBI Life eShield life insurance policy are listed below.
- Select the “Buy eShield Online” option when logging in to the SBI life online portal.
- Enter your personal information, such as your name, date of birth, contact information, address, employment information, and family size, among other things.
- You must decide, after evaluating your financial goals, which of the two options—level coverage with an integrated Accelerated Terminal Illness benefit or increasing coverage with an integrated Accelerated Terminal Illness benefit—is best for you.Choose the desired option, including the sum assured and policy term, based on your evaluation.
- Filling out a questionnaire containing information about your health and family history would be the next step.
You must now complete the information about your nominee.You must be aware that the nominee’s information can be changed at any time during the policy period. - Before submitting the information and proceeding to make the payment, it is essential to check all of the information you have entered one last time.
- The self-attested KYC (Know Your Customer) and AML documents would be provided as the final step in the online policy purchase process. Also Read-Top 10 Life Insurance Plans
Review of SBI Life eShield Term Plan
You shouldn’t make any concessions when it comes to protecting your loved ones. You must ensure that your loved ones enjoy the same standard of living whether you are alive or not. In addition, it is essential that your children realize their goals, such as marriage and higher education, at the right time and with sufficient resources.
Conclusion
As an SBI customer, your data is important to us. That’s why we offer a variety of protection plans to help you safeguard your information. We understand that not every plan is right for every customer, so we’ve put together this comprehensive guide to help you choose the best option for you. In addition, our team is always available to answer any questions you may have. So don’t hesitate to give us a call or send us a message.
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