SBI Life – eShield Next (UIN: 111N132V01) is an Individual, Non-Linked, Non-Participating Life Insurance Pure Risk Premium Product. The term insurance plan with its range of benefits helps secure your existing responsibilities, along with your family’s future.

• Plan options

  Choose from three plan options- Level cover, Increasing Cover, and Level Cover with Future Proofing Benefit depending on your needs.
  

  Level cover

  - The absolute sum assured on death remains the same throughout the policy term.
  

  Increasing Cover

  - The absolute sum assured on death increases by a rate of 10% p.a (simple) of the Basic Sum assured at the end of every 5th policy year, subject to a maximum increase of up to 100% of Basic Sum Assured.
  

  Level Cover with Future Proofing Benefit

  - In this plan option, the Absolute Amount Aassured+ on Death can be increased on attaining defined life stages- first marriage, birth or adoption of the first and second child, and on purchase of a house^.
  ^This facility is available only once during the policy term provided a house is purchased after the risk commencement date.
  +Absolute amount Assured to be paid on death will depend on the plan option chosen by you at the policy inception.

• Long term protection for self & family

  You can avail Life cover upto 100 years (Whole life) or 85 years (other than Whole Life)

• Death benefit

  If the life assured passes away during the policy term, the nominee/beneficiary receive a death benefit , provided the policy is in-force as on the date of death of life assured. The death benefit will depend on the premium payment option & plan option chosen.

• Mode of benefit payment

  You have an option to choose the mode of payment of the death benefit or Terminal illness benefit - lumpsum, monthly instalments or a combination of both.

• Better half benefit

  This option is designed to ensure that in your absence, a life insurance coverage is available for your spouse.

• Terminal illness benefit

  On diagnosis of life assured with a terminal illness during the policy term or before attainment of 80 years, whichever is earlier, the terminal illness benefit would be payable. The benefit equal to sum assured on death as on date of diagnosis, subject to maximum of Rs. 2,00,00,000 (for in-force policies) would be payable.

• Additional Coverage through Riders

  The Plan offers two rider options- SBI Life - Accidental Death Benefit Rider (UIN: 111B015V03) - 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. SBI Life – Accidental Partial Permanent Disability Benefit Rider (UIN: 111B016V03) - 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.

• Tax Benefit

  Tax benefits are as per Income Tax Laws & are subject to change from time to time. Please consult your Tax advisor for details.