SBI Life – eShield Next

Depending upon the Plan Option chosen, the nominee/beneficiary will receive the following Death Benefit, provided the policy is in-force as on the date of death of life assured.

Death Benefit:

In case of death of Life assured during the policy term, we will pay the “Sum Assured on Death”, which is :

• For Regular and Limited Premium Policies: Higher of the following:
  • A. 10 times the Annualized¹ Premium, or
  • B. Absolute amount Assured⁺ to be paid on death, or
  • C. 105% of the Total² Premiums Paid up to the date of death
• For Single Premium Policies: Higher of the following:
  • A. 1.25 times of Single Premium^#, or
  • B. Absolute amount Assured⁺ to be paid on death

¹Annualized Premium is the premium amount payable in a year, excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums.
²Total Premiums Paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly.

^#Single Premium means the premium amount payable in lump sum at policy inception under the base product excluding any extra premium and taxes, if collected explicitly.

⁺Absolute amount Assured to be paid on death will depend on the plan option chosen by you at the policy inception and be as follows:

Plan Option Opted	Absolute Amount Assured on Death
Level Cover	Basic Sum Assured
Increasing Cover	Basic Sum Assured as on the Date of Death with eligible benefit increases till the date of death
Level Cover with Future Proofing Benefit	Basic Sum assured Plus any additional sum assured on account of exercising the Life Stage Option till the date of death

Terminal Illness Benefit :

• In the unfortunate event of the life assured being diagnosed with terminal illness, during the policy term, or before attainment of 80 years, whichever is earlier the benefit equal to sum assured on death as on date of diagnosis, subject to maximum of Rs. 2,00,00,000 (for in-force policies) would be payable. Following the claim under Terminal illness benefit, if the Sum assured is higher than the Terminal Illness benefit paid, the balance death benefit will be paid on the death provided the policy is in-force. The policyholder is required to pay the reduced premium for the balance death benefit to keep the policy inforce.
• The Terminal benefit shall be payable in any one of the following death benefit payment mode as opted under the plan at the policy inception
  • Lump sum
  • Monthly installments
  • Lump sum plus Monthly installments

Other Benefits :

Optional Rider^#

• ^# SBI Life – Accident Benefit Rider (UIN: 111B041V01), Option A: Accidental Death Benefit (ADB) and Option B: Accidental Partial Permanent Disability Benefit (APPD).

For more details on risk factors, terms and conditions of SBI Life – eShield Next, read the following documents carefully.

• Product Brochure
• Product Guide
• Policy Document
• SBI Life - Accident Benefit Rider Brochure
• SBI Life - Accident Benefit Rider Policy Document