SBI eShield Term Insurance Riders

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

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

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

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.

Different premium payment modes available under SBI Life eShield plan are Yearly, Half-Yearly, Quarterly and Monthly.

SBI Life eSHield plan provides comprehensive coverage and in-built accelerated terminal illness benefit at an affordable premium rate. This plan also offers medical second opinion and has two benefit cover options which are Level Cover and Increasing Cover. This plan helps you ensure financial security of your family even when you are around. 

No policy loan facility is not available under SBI Life eShield plan.

Under the increasing cover benefit option the protection amount increases at 10% at every 5th policy year. In case the life assured passes away during the policy term a death benefit according to the year in which the life assured passed away shall be provided to the nominee.

The minimum basic sum assured for SBI Life eShield plan is INR 35,00,000 and there is no limit for maximum basic sum assured.

Under the level cover benefit option of SBI Life eShield plan the protection amount remains the same and a death benefit is provided to the nominee in case of an untimely demise of the life assured during the policy tenure.