e-Shield Next

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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Overview of SBI Life - e-Shield Next

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.

USP features of SBI Life e Shield Next

  • 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

What’s not covered under SBI Life e Shield Next?

  • 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
Frequently asked questions

SBI Life - eShield Next is an individual, non-linked, non-participating pure risk premium product of life insurance.

e-shield next plan was launched by State Bank of India Life Insurance or SBI Life.

The claim settlement ratio of SBI Life is 94.52% for FY 2021-22.

You can use single, monthly, half-yearly or even yearly mode of payment under SBI life – eShield next.

Yes, you can pay your premium online under SBI Life – eShield next.

You can use debit, credit cards, or can use net banking etc.

* Tax benefits are subject to changes in tax laws.
#All savings are provided by the insurance company as per the IRDAI approved insurance plan. Standard T&C apply.

SBI Life Insurance - Other Plan Variants