SBI Life - eShield

SBI Life - eShield

"Shield Your Family, Secure Their Dreams!"
1. Two Benefit Structures and two Rider Options
2. Inbuilt Accelerated Terminal Illness Benefit$
3. Rewards you with lower premium in case you are a non-smoker
4. Avail Medical Second Opinion

An Individual, Non Linked, Non-Participating Life Insurance Pure Risk Premium Product

Shift the load of securing your family's future from your shoulders to your fingertips. SBI Life - eShield now gives you the advantage of an easy and seamless online process of obtaining a life insurance.

For those seeking financial protection for their family, SBI Life - eShield offers a range of benefits at an affordable premium.

This online pure term plan provides -
1. Security - to ensure your family is financially protected
2. Flexibility - Choose between two benefit structures and two rider options
3. Simplicity - with an easy online process
4. Affordability - through reasonable premiums
5. Reliability- with Medical Second Opinion

Get insured with just a few clicks and give your family the gift of security!

HIGHLIGHTS
1. Traditional plan
2. Protection Plans
3. Term plan
4. SBI Life - eShield
5. Online Plan

Features & Advantages

Features
1. To provide financial security and ensure your family is protected.
2. Two benefit structures with inbuilt Accelerated Terminal Illness Benefit$ and two rider options for comprehensive coverage.
3. Seamless online application process
4. Discount on premiums for non-smokers
5. Medical Second Opinion

Advantages
Security
1. Avail financial security for your family based on your chosen benefit structures

Flexibility
1. Choose between two benefit structures as per your protection needs
2. Two rider options to provide comprehensive coverage

Simplicity
1. Easy online application

Affordability
1. Enjoy a range of benefits at an affordable premium
2. Premium discounts for non-smokers

Reliability
1. Avail second medical opinion from a panel of medical experts

Avail tax benefits*

Plan Benefits

Benefit Structure :
The plan offers two benefit structures - Level Cover Benefit and Increasing Cover Benefit. Accelerated Terminal Illness benefit$ is available as an inbuilt benefit for both the structures.
Level Cover Benefit:
1. Under this structure, the sum assured remains same throughout the policy term.
2. You get protection against Terminal Illness#
3. During the policy term, on unfortunate death or diagnosis of terminal illness#, whichever is earlier, "Sum assured on Death" is paid provided the policy is in force and the policy terminates.

Where the "Sum assured on Death" is higher of the following:
1. 10 times the Annualized premium**, or
2. 105% of the total premiums^^ received up to the date of death, or
3. Absolute amount assured to be paid on death, which is equal to the Effective Sum Assured##,as on the date of death

##Effective Sum Assured for Level Cover Benefit as on date of death will be the initial sum assured opted.

Increasing Cover Benefit :
1. Under this structure, the sum assured automatically increases by simple rate of 10% at the end of every 5th policy year
2. You get protection against Terminal Illness#
3. During the policy term, on unfortunate death or diagnosis of Terminal Illness#, whichever is earlier, the 'Sum Assured on Death' for that policy year is paid provided the policy is in force and the policy terminates.

Where the "Sum assured on Death" is higher of the following:
1. 10 times the Annualized premium**, or
2. 105% of the total premiums^^ received up to the date of death, or
3. Absolute amount assured to be paid on death, which is equal to the Effective Sum Assured~~,as on the date of death

~~Effective Sum Assured for Increasing Cover Benefit as on date of death will be initial sum assured opted increased at simple rate of 10% at the end of every 5th policy year prior to the date of death.

#Terminal illness is defined as the conclusive diagnosis of an illness that is expected to result in the death of the life assured within 180 days.

**Annualized premium means the premium payable in a year chosen by the policy holder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

^^Total Premiums received means total of all the premiums received excluding any extra premium, any rider premium and taxes.
Death Benefit:
1. Depending upon the Benefit Structure chosen, the nominee will receive the "Sum assured on Death."
2. Death benefit will be paid provided the policyholder has paid all the regular premiums to date and the policy is in force as on the date of death of life assured.
$Accelerated Terminal Illness Benefit :
1. This in built benefit is available with both the benefit structures
2. On the Life Assured being diagnosed with terminal illness, the benefit equal to death benefit would be paid and the policy will terminate
3. Accelerated Terminal Illness Benefit will be payable, provided you have paid all your regular premiums to date and your policy is in-force as on the date of diagnosis. The policy will terminate as a result of terminal illness claim.
4. Terminal illness is defined as the conclusive diagnosis of an illness that is expected to result in the death of the life assured within 180 days.
Medical Second Opinion:
1. Medical second opinion is a service which enables life assured, to receive second opinion of their diagnosis and treatment plans by another doctor.
2. Available under both the benefit structures viz. Level Cover Benefit and Increasing Cover Benefit, provided the policy is in-force
Maturity Benefit:
1. This plan provides no maturity benefit.
Rider Benefit:
1. SBI Life - Accidental Death Benefit Rider
The rider sum assured is payable, in case the life assured dies within 120 days of accident as a result of an accident during the rider term, provided the rider policy is in-force.
2. SBI Life - Accidental Total & Permanent Disability Benefit Rider
The rider sum assured is payable on the occurrence of accidental total and permanent disability of the life assured during the rider term, provided the rider policy is in-force.

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