Simple steps toward lasting life coverage 

Know about SBI Life - eShield Insta

UIN: 111N141V02 | Product Code: 3C

Choice of 2 Plan Options

Easy Enrolment Through Instant and Swift Processing of Policy

Convenience of Paying Premiums Regularly For 10 Years

Know Your Life Insurance Plan

Features

Two Paths to Secure Your Future: SBI Life - eShield Insta empowers your loved ones while helping you chase your own aspirations with an option to select from these two plans:
 
Plan A: Pure Term Insurance. This option is ideal for securing your family's financial future during unforeseen circumstances. Whether you're a young parent, the primary earner, someone with dependents, or managing debts, it ensures your loved ones will be well-supported. With financial protection at an affordable cost, this option allows you to confidently protect your family's future while keeping your finances in balance.
 
Plan B: Term Insurance with Return of Premium. This option offers life cover and ensures that on survival at the end of the policy, you get 100% of Total premiums paid^ This option is ideal if you seek life coverage with the benefit of getting your premiums paid back at the end of the policy term It suits individuals who are looking for both protection and return of premium on survival , as well as first-time buyers or those managing evolving family needs. Offering a unique combination of financial security, SBI Life - eShield Insta provides a smart solution for those who value both coverage and return of premiums.
 
Affordable Coverage: SBI Life - eShield Insta offers protection for you and your family, while keeping your finances in balance. It allows you to secure your loved ones' tomorrow while maintaining your current lifestyle. With affordable premiums and coverage, you can confidently make a wise financial decision that supports both your family's security and your way of life.
 
Return of Premium: Your consistent commitment over 10 years will get you return of 100% of the total premiums paid on maturity, if the policy remains in-force^. SBI Life - eShield Insta offers your loved ones lasting security and assurance, reflecting the trust and dedication you have shown towards their well-being while building support for future milestones

Advantages

Security: SBI Life - eShield Insta offers Life Insurance coverage, providing a steadfast promise of support for your loved ones. Their tomorrow remains secure, allowing them to continue with stability and financial clarity, even in unexpected circumstances.
 
Reliability: In case of survival till maturity&, SBI Life - eShield Insta returns 100% of total premium paid^ under the policy. This means you receive life cover along with the promise of 100% of total premium paid^ returned on maturity This reflects the value of your commitment to safeguarding your family's well-being.
 
Simplicity: Experience effortless enrolment and swift process with SBI Life - eShield Insta. Its smooth process allows you to begin your journey of care and coverage right away, dedicating your focus to living fully for yourself and those who depend on you.
 
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 may be eligible for Income Tax benefits as per the applicable income tax laws in India, which are subject to change from time to time. You are advised to consult your tax advisor on applicable tax benefits under the policy..

^Total Premium paid means the total of all the premiums paid under the base product, excluding any extra premiums and taxes, if collected explicitly.

 

&This is available only in Term Insurance with Return of Premium option

 

Plan Benefits

Maturity Benefit(For in-force policy)
Plan A: Pure Term Insurance - No Maturity benefit is payable under this option
Plan B: Term Insurance with Return of Premium - If the life assured survives till the end of Policy Term and all due premiums are paid, then 100% Total Premiums Paid^ will be payable
 
Death Benefit (For in-force policy):
On death of the life assured during the policy term, Sum Assured on Death, is paid to the nominee or legal heir of the life assured and the policy terminates.
 
Sum Assured on Death is higher of:
Sum Assured, or
11 times the Annualized Premium$, or
105% of the total premium paid^ up to the date of death

^Total Premium paid means total of all the premiums paid under the base product , excluding any extra premium and taxes, if collected explicitly.

 

$Annualized Premium is the premium amount payable in a year excluding taxes, rider premiums, underwriting extra premiums and loadings for modal premiums.

 

Downloads

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

Product Brochure/Prospectus

Policy Document

Product Guide

Customer Information Sheet (CIS)

 

Who Can Buy?

Age^ at Entry Minimum: 18 years Maximum: 50 years
Maximum Age^ at Maturity 60 years
Sum Assured ₹10,00,000/ ₹15,00,000/ ₹20,00,000/ ₹25,00,000/ ₹30,00,000/₹35,00,000/ ₹40,00,000 / ₹45,00,000/ ₹50,00,000/ ₹55,00,000/ ₹60,00,000 The Maximum Sum assured shall be subject to Board approved underwriting policy
Premium Frequency Yearly & Monthly
Premium Frequency Loading Monthly: 8.50% of yearly premium
Policy Term (in years) 10 Years
Premium Payment Term (in years) Same as Policy Term (Regular Premium)
$$ Premium Amount (in ₹) Premium Frequency Minimum Premium: Pure Term Insurance Minimum Premium: Term Insurance with Return of Premium Premium Frequency Minimum Premium: Pure Term Insurance Minimum Premium: Term Insurance with Return of Premium
Yearly 2,259/- 10,735/- Yearly 43,208/- 1,83,233/-
Monthly 192/- 912/- Monthly 3,673/- 15,575/-

^ All the references to age are age as on last birthday.

$$Premium shown above are excluding underwriting extra.

Frequently Asked Questions

The SBI Life - eShield Insta plan is available to individuals aged between age 18 and 50 years, making it accessible to a wide range of people looking to provide financial security for their loved ones. Whether you are just starting your journey or planning for the years ahead, this plan ensures your family’s well-being is cared for, at every stage of life. It is also easy to purchase giving you a convenient way to safeguard your loved ones from the comfort of your home.

The SBI Life eShield Insta plan offers two flexible options:

  1. Pure Term Insurance Provides a Sum Assured during unforeseen circumstances, offering a financial safety net to your family. This ensures they are well-supported and can continue their lives with dignity during uncertain times. This SBI Life - eShield Insta option is ideal for those who are looking for a low-risk, affordable life insurance product, like beginners. It is also suitable for young families, primary earners, those with dependents, people carrying debts, or individuals in high-risk occupations who want to ensure their loved ones' journey continues with stability.
  2. Term Insurance with Return of Premium: In case of survival till maturity, you will get 100% of Total Premium Paid^ under the Policy at the end of the policy term. Unlike a traditional term plan that has no maturity benefit, the term insurance with return of premium offers comprehensive protection against uncertainties SBI Life - eShield Insta is ideal for individuals looking for protection, as well as first-time buyers or those managing evolving family needs. This SBI Life - eShield Insta option creates resources for future milestones while keeping your loved ones secure

^Total Premium paid means total of all the premiums paid under the base product, excluding any extra premium and taxes, if collected explicitly

Tax benefits are as per Income Tax Laws are subject to change from time to time. Please consult your Tax advisor for details. You may be eligible for Income Tax benefits as per the applicable income tax laws in India, which are subject to change from time to time. You are advised to consult your tax advisor on applicable tax benefits under the policy.

Premiums for the SBI Life - eShield Insta plan are payable for 10 years, the same as the policy term. You can opt to pay in a monthly or yearly manner at the inception of the plan. This flexibility allows you to align premium payments with your income pattern, making coverage accessible.

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

^^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. For further details click here.

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