SBI Life Insurance
Claim settlement ratio – 94.52% (FY 2021-22)
Critical Illness Benefit Available
Tax Benefit Amount As per prevailing tax laws
Accidental Death Benefit 100%
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SBI Life e Shield Next is an Individual life insurance plan in the non-linked and non-participating category under pure risk premium product. The plan comes with a range of benefits that help the insured and his/her nominees to stay secured and to have a safe financial future.
Can choose from three plan options including level cover, increasing cover, and level cover with future proofing benefit as per requirement The plan allows long term protection for the insured as well as his/her family It also offers death benefit to the nominee if the insured passes away during the term of the policy Further, you also have the option to customize the plan to meet different requirements The policy comes with terminal illness benefit offered under all plan options along with the option of additional riders
There is no other exclusion under the SBI Life - e-Shield Next except for the suicide exclusion If the life assured dies because of suicide within 12 months of buying the plan or renewing the plan, the nominee of the policyholder receives 80% of total premiums paid till the death of the insured. Alternatively, it can be the surrender value if applicable which is offered to the nominee, whichever is higher Once the benefits are paid to the nominee in the above case, the policy is terminated
Policy Brochure
