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Home > Protection Plans > SBI Life - Shield
SBI Life - Shield
(UIN : 111N018V01)

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Introduction
Key Features
Product Snapshot
Benefits
 
 Introduction:
 
It is a traditional pure risk policy offering a substantial life cover at a very nominal cost. Further, the policy offers you an option to enhance life insurance cover to match your increasing protection needs.
 

Key Features:
 
•
’It offers you life insurance cover at the lowest cost for a selected term.
 
•
It is available in 3 options to suit your requirement.
 
•
Level Premium throughout the chosen term with increasing Sum Assured, depending on the option chosen.
 
•

Tax benefit u/s 80 C and 10 (10 D) of IT Act*
 
•
Attractive rebate for Female lives.
 
•
Attractive Rebates are offered for Annual / Semi- Annual mode of Premium payment and High Sum Assured.
 
•
Attractive rider options.
 
•
Convenient premium payment options: Single and Multiple premium payment.
 
•
15 days Free Look Period from the date on which you receive the policy documents.
 

Product Snapshot:
 
Plans Options
Option I Sum Assured increases by 5% per annum
Option II           Sum Assured increases by 50% every 5 years
Option III Level Cover
Term
Minimum Policy Term 5 years
Maximum Policy Term 25 years
Premium
Minimum Premium Rs 500/-
Premium Mode Monthly / Quarterly / Half yearly / Yearly / Single Premium
Age
Minimum Entry Age 18 years
Maximum Entry Age 60 years
Maximum Risk Cover Age 65 years
Sum Assured (SA)
Minimum Sum Assured Rs 3 lakhs ( For Option A : SA increases by 5 % and Option B : SA Increases by 50% every five years and option C : Level Cover)
Maximum Sum Assured No Limit for all three options
Riders Available
SBI Life – Accidental Death and Permanent Disability (AD & PD) Rider (UIN: 111C001V01)
SBI Life – Premium Waiver Benefit (PWB) Rider (Individuals) (UIN : 111B005V01)
 

Benefits:
 
• Maturity Benefit: No survival benefit available at the end of the term.
 
•
Death Benefit: Depending on the cover chosen, the nominee will receive the sum assured under this policy
 

*Tax benefits are subject to change in tax laws. Please consult your Tax advisor for details.

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
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