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SBI SBI Life eShield Plan Term Insurance

55 reviews Rate This
SBI Term Insurance
eShield
Claim Settlement Ratio93.09%
Customer Care9:00 AM to 9:00 PM
Death Benefit Paid For212,57 Policies
Inception2001
Presence825 offices
Total Death Benefit Paid810.71 Crore

About SBI SBI Life eShield Plan Term Insurance

SBI Life eShield plan is a pure protection plan. It is a non-linked and non-participating plan that offers financial security to the family of the life assured in case an unforeseen event takes place. This plan provides comprehensive coverage at an affordable cost. SBI Life eShield plan comes with two different benefit covers which are, Level Cover and Increasing Cover. Under the level cover benefit of the SBI Life eSheild plan the protection amount remains the same throughout the policy term and under the increasing cover benefit of the SBI Life eShield plan the protection amount increases over time during the policy term.

SBI Life eShield plan also provides in-built Accelerated Terminal Illness Benefit under the two benefit cover options. Under this plan riders can be added to increase the coverage under the base policy. This plan helps in ensuring financial security for the family of the life assured in case of an untimely demise of the life assured during the policy term.

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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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eShield User Reviews

4.8
Rating based on
55 User reviews
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What users are saying
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  • Hassle-Free Journey

    I was doubtful about using an online platform to buy insurance. But InsuranceDekho has helped me beyond my expectations. I bought SBI Life Term Insurance. Their whole team is knowledgeable, and the platform is user-friendly and easy to use.

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    N
    By Nandan Bisht
    On: Jun 10, 2024
  • Transparent Policies, No Surpr...

    InsuranceDekho\'s term insurance policies are refreshingly transparent. I didn\'t encounter any hidden clauses or unexpected fees while purchasing the SBI Life Term Insurance- eShield. Everything was explained clearly, making me confident in my choice.

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    R
    By Revanth Bakhshi
    On: Sep 20, 2023
  • Purchased an amazing term plan

    I purchased the SBI Life Term Insurance- eShield plan from InsuranceDekho. I am very happy with my purchase. Before purchasing the policy I had very little knowledge about the term plan, the information on the website helped me understand the working of this term plan. 

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    S
    By Sarita Sharma
    On: Aug 11, 2023
  • Swift and Smooth Claims Proces...

    I recently had to make a claim on my SBI Life Term Insurance- eShield policy with InsuranceDekho, and I was impressed by how efficiently they handled it. The claims process was straightforward, and their team provided all the necessary guidance. The claim was settled promptly, relieving my family of any financial burden. 

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    S
    By Sudharshna Roy
    On: Jul 28, 2023
  • Easy to compare plans

    With so many term insurance plans available I wanted to first compare all the available plans. I used the tools available to compare the plans. Only then I bought the SBI Life Term- eShield from InsuranceDekho. -

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    D
    By Dhrishti Sahi
    On: Jun 20, 2023
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Claim Process at SBI Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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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.

  • What are the different premium payment modes under SBI Life eShield plan?

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

  • Why should I purchase an SBI Life eShield plan?

    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. 

  • Is policy loan available under SBI Life eShield plan?

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

  • What is the benefit of purchasing SBI Life eShield plan with Increasing Cover option?

    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.

  • What is the minimum and maximum basic sum assured under SBI Life eShield plan?

    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.

  • What is Level Cover Benefit under SBI Life eShield plan?

    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.

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