SBI Life – eShield is an Individual, Non-Linked, Non-Participating Life Insurance plan.
This term insurance plan offers an in-built Accelerated Terminal Illness benefit. The policy also comes with two benefit structures, Level Cover, where the protection amount remains constant throughout the policy term, and Increasing Cover, where the protection amount increases over time.
Further, you may opt from two available rider benefits to increase the protection by paying an additional premium for the chosen rider/s. With SBI Life – eShield, ensure that your family is protected financially against unexpected life events.
Benefits of SBI Life – eShield Online Term Plan:
Buy an Online Term Insurance plan at an affordable premium.
Choose between two benefit structures as per your protection needs
Option to get a life cover till you turn 80 (in level cover benefit structure) & 75 (in increasing cover benefit structure).
Online term plan with Inbuilt Accelerated Terminal Illness Benefit 1
Two rider options for comprehensive coverage:
SBI Life- Accidental Death Benefit Rider and SBI Life- Accidental Total & Permanent Disability Benefit Rider
Discount on premiums for non-smokers
Avail tax benefits 4 on paid premiums
Seamless online application process
Avail Medical Second Opinion service by Mediguide India which enables you, to receive second opinion of your diagnosis and treatment plans by another doctor
However, before you proceed to buy a term plan online, you need to know what the premium payable is. A term insurance premium calculator plays a vital role when you are planning to buy term insurance.
How is a premium calculated?
Generally, based on a few basic details, date of birth, selected sum assured, policy term, and the premium payment frequency opted for – the term insurance calculator helps you to calculate the premium for ensuring your family’s financial protection. However, premiums differ for individuals based on their age and medical conditions also.
Usually, a young insurance buyer will have a lesser premium payable compared to someone in the age range of 45 to 55. The difference arises on account of young individuals generally considered being in a better state of health.
The term insurance calculator is a user-friendly tool that can help you calculate your premium easily.
Steps for Premium Calculation:
Step 1 – Filling in few basic details like Gender, State, City, DOB, Policy Term & Sum Assured etc
Step 2 -Selecting a plan from the options available, i.e. Level Cover or Increasing Cover
Step 3 -Choosing riders in the case of any additional cover requirement on your plan
It is essential to provide accurate information while calculating your premium with a term insurance calculator. This will help you to buy the policy without any hassles.
NOTE: Monthly premium of Rs. 472/ month Appr, Read in official website.
Visit the official website of SBILIFE to know the complete details “CLICK HERE“