SBI Life eShield Plan
Introduction/Overview – SBI eShield Life Insurance
SBI Life eShield is a non-participating pure term plan which is available for purchase through the companys website. Like a term plan, this plan also provides high protection at very low premium rates.
Key Features of SBI eShield Life Insurance
It is a pure term insurance plan with regular pay premium paying options
It has 4 protection variants to suit every individuals needs:
Level Cover with Accidental Death Benefit
Increasing Cover with Accidental Death Benefit
Easy and hassle-free application process
Details About SBI Life Insurance Premium
Annual premium in Rupees for a policy tern of 20 years and SA of 50 Lakhs
Grace Period: 30 days grace period is allowed for payment of premium
Policy Termination or Surrender Benefit: there is no option of surrendering the plan.
Free look period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.
Additional Features or Riders
Premium discounts are given for non-smokers
Premium discounts for female lives
In case of suicide committed within 12 months of policy inception or revival only 80% of premiums paid are returned to the nominee.
For the rider, accidents due to infection, drug abuse, self-inflicted injury, war or civil commotion, criminal acts, aviation, etc. are excluded