Income Protection Plan Online - Buy SBI Life eIncome Shield Policy
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SBI Life - eIncome Shield

UIN: 111N105V01

Product Code: 1Y

SBI Life - eIncome Shield Income Protection plans

Your responsibilities will be met, with your blessings.

  • Regular cash inflow to restore lost income
  • Option of increasing income to offset rising costs
  • Receive lump sum amount to meet unexpected liabilities
Calculate Premium
Online traditional, Non-participating, Pure Term Life Insurance/ Income Protection Plan,

Does your family have the resources to sustain their current lifestyle in case of any eventuality?

SBI Life – eIncome Shield, is a pure term, income protection plan that provides the security of regular monthly income for your dependents. The plan also factors in the need for increase in income benefit as living expenses rise.

The SBI Life – eIncome Shield Plan offers –
  • Security – to take care of your family’s well-being in case of an eventuality
  • Reliability – through regular income for your dependents to meet everyday expenses
  • Flexibility – to choose the desired monthly income
  • Simplicity – with an easy online process
  • Affordability – with lower premiums for women and non-smokers

Enable your family to make the most of their lives, without any compromise.

Highlights

SBI Life - eIncome Shield Income

Online traditional, Non-participating, Pure Term Life Insurance/ Income Protection Plan

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Features

 

  • Life insurance coverage
  • Immediate lump sum payment and monthly income for a minimum of four years
  • Four benefit options and choice of monthly income
  • Convenient online application process
  • Lower premium for women and for non-smokers

 

Advantages

 

Security

  • Assurance of regular income to meet your family’s lifestyle requirements in case of an eventuality

Reliability

  • An insurance against rising costs through increasing income benefit options

Flexibility

  • Find the right benefit option to suit your needs
  • Choose your monthly income as per your financial requirements

Simplicity

  • Hassle-free, three step online application process

Affordability

  • Premium discounts to women and non-smokers
Avail tax benefits*

Death Benefit:

  • Monthly Income Benefit:


    The monthly income payouts will commence on the death of the life assured from the 1st day of the next policy month and will be payable for the outstanding period of the policy term. For policies where the outstanding policy term is less than 48 months, series of monthly income payouts will continue to be paid even after the end of the policy, till the 48th installment.

    This benefit is payable as a series of monthly payouts and the nominee/ beneficiary would not be allowed to take discounted value of the future payouts as a lump sum.
  • Lump Sum Benefit:


    In addition to the monthly payouts, Lump Sum benefit amount equal to 12 times the then available monthly income will be payable immediately to the nominee/ beneficiary on death, as per the benefit option chosen.
  • Maturity Benefit:


    No maturity benefit is payable.

Tax Benefits*:


You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax advisor for details.

These are only the brief features of the plan. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
For more details on risk factors, terms and conditions of SBI Life – eIncome Shield, read the following documents carefully.
1 All the references to age are - Age as on last birthday
* Premium shown above are excluding taxes, cess and underwriting extra. Taxes and cess are applicable as per the governing rules.
2 The premiums for monthly mode as percentage of annual premium is 8.9% of annual premium. For Monthly mode, 3 Months premium to be paid in advance and renewal premium payment through Electronic Clearing System (ECS) or Standing Instructions (where payment is made either by direct debit of bank account or credit card). For Monthly Salary Saving Scheme (SSS), 2 month premium to be paid in advance and renewal premium payment is allowed only through Salary Deduction.

1Y.ver.02-06/17 WEB ENG

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

*Tax Benefits:
Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.
You are eligible for Income Tax benefits/exemptions as per the applicable income tax laws in India, which are subject to change from time to time. You may visit our website for further details here. Please consult your tax advisor for details.

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