SBI Life eShield Next Term Insurance Do you want to take out term insurance? SBI Life has announced a new term policy called Life eShield Next. Find out the benefits that come with this policy.
The number of people taking out life insurance policies offered by SBI has increased significantly in recent times . In particular, term policies (Term Insurance Policy) are increasingly being taken by customers. SBI has recently announced the withdrawal of its term policy e-shield. In its place, SBI has announced the eShield Next (SBI eShield Next) plan. This is a non-linked, non-participating individual life insurance plan. That is a completely risk premium product. For example when someone reaches milestones in life such as getting married, having children or buying a house .. it provides additional protection and financial security to policyholders who meet that level.
SBI Life e-Shield‌ Next Options
It has three plan options. There are options like level cover, raising the cover, level covering for future purposes. Each option is designed to meet the needs of the customers. The policy cannot be changed in the middle of the term if any option is initially selected. The previous e-shield had only one option and offered an unchangeable amount. Now available e-Shield‌ Next has the option to increase the amount of insurance cover after you reach old age.
It has three plan options to meet different protection needs. Level cover, level coverage with increased coverage, future benefits. This insurance coverage can be up to 100 years (total life) or up to 85 years. A plan is tailored to the specific needs. This means Better Half Benefit Option, which includes death benefit payments. You can pay the premium anytime at your convenience. This means that the payment can be made all at once or in a limited time or during the policy term.
first option: The amount to be paid in case of level cover benefit is fixed throughout the policy term.
Second option:The option to increase coverage increases the interest on the death guarantee by 10% per annum. A maximum of 100% increase in the sum insured is guaranteed at the end of every 5th policy year.
Third Option: Level cover option with Future Proofing Benefit can increase insurance coverage on things like getting married or becoming a parent or buying a house.
first option: The amount to be paid in case of level cover benefit is fixed throughout the policy term.
Second option:The option to increase coverage increases the interest on the death guarantee by 10% per annum. A maximum of 100% increase in the sum insured is guaranteed at the end of every 5th policy year.
Third Option:
Five Reasons to Choose SBI Life E-Shield Next …
1. This new policy guarantees security– family financial security
2. Flexibility- allows you to choose from three options
3. Facilitate- Optional benefits can be used to personalize the package
4. Affordable price– Premium can be paid when you are free.
5. Reliability- has a tenure of 100 years or reliability up to 85 years.
Level cover option with Future Proofing Benefit can increase insurance coverage on things like getting married or becoming a parent or buying a house.
