Simple steps toward lasting life coverage
Know about SBI Life - eShield Insta
UIN: 111N141V02 | Product Code: 3C
As financial transactions move seamlessly to digital platforms, securing your family's future has become more accessible than ever before. SBI Life - eShield Insta is an Individual, Non – Linked, Non – Participating, Life Insurance Pure Risk/Savings Product with Return of Premium which delivers assurance and security at your fingertips and is accessible whenever you need it. It is a thoughtful way to safeguard the financial well-being of your loved ones, ensuring that across various circumstances, they remain covered and can continue their journey with confidence.
SBI Life - eShield Insta is a Protection plan that makes insurance buying effortless, and empowers you to take a step towards providing financial protection to your loved ones
With a straightforward, digital process, SBI Life eShield Insta plan helps you make decisions for your future effortlessly and efficiently.
The simplicity ensures you can act with ease, dedicating your focus to living fully while knowing your family's tomorrow is secure.
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
Advantages
^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
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
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, 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
• 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:
- 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.
- 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.
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.