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SBI Life – eShield Next
UIN: 111N132V01
Product Code: 2N
Key Benefits -
- Level Cover with Future Proofing Benefit Option#
- Better Half Benefit Option
- Life Cover Upto 100 Years^
#Other plan options available - level cover and increasing cover
^With whole life option
Highlights
SBI Life eShield Next Term Plan
Amit, being care free about the future has Leveled up with SBI Life - eShield Next to secure his family's future.
Enter the form fields below and find out how you can live life worry-free with SBI Life - eShield Next plan.Name:
DOB:
Gender:
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Sum Assured
Premium frequency
Premium amount
(excluding taxes)
Premium Payment Term
Policy Term
Features
- Choice of 3 Plan Options – Level Cover, Increasing Cover & Level Cover with Future Proofing Benefit to suit your protection needs
- Options to customize the plan to meet your requirements
- Death Benefit Payment Mode
- Better Half Benefit Option
- Life cover upto 100 years (Whole life) or 85 years (other than Whole Life)
- Terminal Illness Benefit available under all Plan options
- Option to Pay premium – Only once or for limited period or entire policy term
- Additional coverage through two Rider# options
# The Riders under this product are SBI Life - Accidental Death Benefit Rider (UIN: 111B015V03) and SBI Life - Accidental Total & Permanent Disability Benefit Rider (UIN: 111B016V03).
Advantages
Security
- Avail financial security for your family based on your chosen Plan Option
Flexibility
- Choice of 3 plan options
Simplicity
- Customize the plan to meet your requirements through
- Death Benefit Payment Mode
- Better Half Benefit Option
Reliability
- Life cover upto 100 years (Whole life) or 85 years (other than Whole Life)
Affordability
- A perfect fit in your financial planning with reasonable premium
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 Annualised1 premium, or
- B. Absolute amount Assured+ to be paid on death, or
- C. 105% of the total2 premiums received 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
1Annualised premium shall be the premium amount payable in a year, chosen by the policy holder, excluding the applicable taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any
2Single Premium / Total Premiums paid / received means total of all the premiums received, excluding any extra premium, any rider premiums and applicable taxes.
+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 would be payable, 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 :
Two Rider# Option
- # The Riders under this product are SBI Life - Accidental Death Benefit Rider (UIN: 111B015V03) and SBI Life - Accidental Total & Permanent Disability Benefit Rider (UIN: 111B016V03)
NW/2N/ver1/04/22/WEB/ENG
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale.
For more details on risk factors, terms and conditions of riders please read the rider 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. For further details click here.