SBI Life - eshield

Introduction:   SBI Life - eShield is an Individual, Non Linked, Non Participating pure term plan, with options and benefits specially tailored for those who want the best financial protection at an affordable cost.
Key Features:
•	Security for your family at an affordable premium.
•	Easy and seamless online process for securing life cover.
•	Rewards you for maintaining a healthy lifestyle.
•	Wide variety of plan options, which has level and increasing cover.
•	Additional benefit of Accidental Death Benefit.
•	Tax benefits* as per prevailing norms under the Income Tax Act, 1961.
*Tax benefits, are as per the provisions of the Income Tax laws & are subject to change from time to time. Please consult your tax advisor for details.
Product Snapshot
Plan Options • Level Cover • Level Cover with Accidental Death Benefit • Increasing Cover • Increasing Cover with Accidental Death Benefit Age^ at Entry Min: 18 years Max: For Level Cover & Level Cover with Accidental Death Benefit: 65 years For Increasing Cover & Increasing Cover with Accidental Death Benefit: 60 years Maximum Age^ at Maturity 70 years Basic Sum Assured Min: Rs. 20,00,000/- Sum Assured would be in multiples of Rs.1, 00,000 only. Max: No Limit (Subject to underwriting) Policy Term Min: For Level Cover & Level Cover with Accidental Death Benefit: 5 years For Increasing Cover & Increasing Cover with Accidental Death Benefit: 10 years Max: 30 years Premium Frequency Yearly Premium Payment term Same as Policy term Premium Amount Min: Rs. 3,500 Max: No Limit
^ All the references to age are age as on last birthday.
Effective Sum Assured:
•	Level Cover and Level Cover with Accidental Death Benefit: Effective Sum Assured on any day is equal to the Basic Sum Assured.
•	Increasing Cover and Increasing Cover with Accidental Death Benefit : Effective Sum Assured on any day will be the Basic sum assured increased at the rate of 10% simple interest after every 5th policy year without increasing the premium.
Benefits:
•	On Death:
	•	Depending upon the Plan option chosen, the nominee will receive the Effective sum assured at the time of death.
	•	Death benefit will be paid provided all regular premiums are paid and the policy is in force as on the date of claim.
•	On Maturity: No survival benefit available at the end of the term.
•	Other Benefits:
	•	Accidental Death Benefit: Inbuilt under plan options - Level Cover with Accidental Death Benefit and Increasing Cover with Accidental Death Benefit.
	•	In case one of the above plan options is chosen, then in case of death of the life assured due to accident during the policy term, Accidental Death Benefit will be paid to the beneficiary in addition to the effective sum assured at the time of death.
	•	The Accidental Death Benefit will be equal to the Basic sum assured or Rs. 50 Lakhs whichever is lower.