SBI Life - eShield next

• Level Cover - Under this term insurance plan, the absolute amount assured to be paid on death is the same as the basic sum assured specified at policy initiation and will stay the same throughout the policy term, assuming the policy is in existence.
• Increasing Cover Benefit - The base sum insured is increased at 10% simple interest at the end of every 5th policy anniversary under the increasing term assurance plan, while the premium remains the same. Once the life insured reaches the age of 71, there will be no more increase in the basic sum assured.
• Level Cover with Future-Proofing Benefit - The policyholders can choose to increase the absolute amount assured on death when they reach certain life stages during the policy term, without having to undergo any further medical underwriting. The increase in the Absolute amount Assured to be paid on death will take effect on the next policy anniversary.

SBI Life - eShield Next Policy Benefit

The following are the key benefits of SBI Life - eShield Next Policy:

1. Death Benefit: If the policy is in force on the date of death and if the claim is found admissible and payable, we will pay the benefit on the death of the life assured depending on the Plan option chosen.
2. The policyholders can pay their premiums according to their suitability. There are several premium payment options provided by SBI Life such as a limited period, one time, or throughout the policy tenure.
3. Multiple riders options as added under this insurance plan which offers additional coverage.
4. Special discounts to women policyholders.

Eligibility Criteria to Apply for SBI Life - eShield Next

The following tables shows the eligibility criteria of SBI Life - eShield Next:

Documents Needed to Buy SBI Life - eShield Next

The customers should provide photocopies of the following documents to purchase SBI Life - eShield Next:

1. Filled policy form
2. Address proof
3. Original policy document
4. Photo identity proof
5. Permanent disability claim form
6. Medical reports and treatment papers
7. Bank statement
8. KYC documents

How to purchase SBI Life - eShield Next?

The following steps will help you to purchase SBI Life - eShield Next:

1. Visit https://www.sbilife.co.in/en/online-insurance-plans/eshield-next
2. Click on "Calculate Premium".
3. You will be redirected to a new page where you have to enter all your basic details such as your name, annual income, date of birth, gender, email ID, and mobile number.
4. Click on the check box by accepting the terms and conditions.
5. Permanent disability claim form.
6. Click on "Continue",
7. You will receive calls from the authorized representatives for the further procedures.

Other Policy Details

Let us have a look at the other policy details:

1. Free Look Up Period: If you find that the SBI life eShield Next plan does not suit your needs in terms of coverage and other terms and conditions after reviewing the policy document, you have the option to cancel the policy within 15 days of receiving the policy-related materials. It's important to remember that no claims should have been filed during this time. After deducting certain fees, the premium will be reimbursed to you.
2. Grace Period: This insurance plan offers 30 days grace period from the due date of the premium for half-yearly and yearly payment mode. The policyholders' coverage will lapse if they do not pay their required premiums before the grace period expires.

GST of 18% is applicable on life insurance effective from the 1st of July, 2017