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SBI Life eShield Plan Term Insurance Eligibility

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Claim Settlement Ratio93.09%
Customer Care9:00 AM to 9:00 PM
Death Benefit Paid For212,57 Policies
Presence825 offices
Total Death Benefit Paid810.71 Crore

Below mentioned are some key features of SBI Life eShield that makes it a good choice for investing in a term plan:

  • This plan provides financial protection to the family of the life assured in case of an untimely demise of the life assured during the policy tenure.
  • SBI Life eShield plan offers flexibility to choose from two benefit structures.
  • This plan offers flexibility to choose from two different riders to enhance the coverage of the policy.
  • Provides in-built Accelerated Terminal Illness Benefit
  • One can avail medical second opinion under SBI Life eShield plan

SBI Life eShield Eligibility Criteria

Following is the eligibility criteria for SBI Life eShield plan:

Eligibility Criteria for SBI Life eShield


Level Cover

Increasing Cover

Minimum Entry Age

18 Years

Maximum Entry Age

65 years

60 years

Maximum Maturity Age

80 years

75 years

Minimum Policy Term

5 years

10 years

Maximum Policy Term

80 years minus entry age

75 years minus age at entry

Premium Payment Term

Same as policy term

Minimum Sum Assured

INR 35,00,000

Maximum Sum Assured

No limit

Key Inclusions and Exclusions of the Plan

What's Included

  • Unforeseen Demise
  • Terminal Illness
  • Accidental Death
  • Accidental Total or Permanent Disability

What's Not Included

  • SBI Life eShield plan does not cover death due to suicide. In case the life assured passes by commiting suicide within first 12 months from the date of policy issuance, the nominee shall receive 80% of the total premium paid till the date of life assured’s demise. After the mentioned benefit amount has been paid the policy shall be terminated.

SBI eShield Brochure

  • 891.05 KB
  • PDF Document
  • Aug 19, 2021

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FAQs on eShield Health Insurance Plan

  • What are Features of SBI Life eShield plan?

    Following are some key features of SBI Life eShield plan:

    • Provides financial assistance to the family of the life assured during difficult times
    • Offers two benefit covers namely Level cover and Increasing Cover
    • In-built Accelerated Terminal Illness Benefits
    • Flexibility to choose from two different riders available
    • Avail Medical Second Opinion service
  • What are the different benefit structures under SBI Life eShield plan?

    There are two different benefit structures offered with the SBI Life eShield plan, which are Level Cover and Increasing Cover.

  • Does this plan provide maturity benefits?

    No, SBI Life eShield plan does not provide any maturity benefits.

  • What are the riders available for the SBI Life eShield plan?

    Under SBI Life eShield plan you can add from any of the following riders to enhance the base coverage of your term plan:

    • SBI Life - Accidental Death Benefit Rider
    • SBI Life - Accidental Total and Permanent Disability Rider
  • What is the Accelerated Terminal Illness Benefit under the SBI Life eShield plan?

    Under accelerated terminal illness benefit, the life assured will be provided a benefit amount equal to the death benefit in case he/she is diagnosed with a terminal illness during the policy term.

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