While strengthening your physical immunity, you need to build your financial immunity to prepare for life's uncertainties. With SBI Life - eShield Next, a new age protection plan that enables you to take care of your current requirements and your changing responsibilities, you can boost your family's financial immunity in an ever-changing world.

Key Benefits -

• Level Cover with Future Proofing Benefit Option#

• Better Half Benefit Option

• Life Cover Upto 100 Years^

Depending upon the Plan Option chosen, the nominee/beneficiary will receive the following Death Benefit, provided the policy is in-force as on the date of death of life assured.

Death Benefit:

In case of death of Life assured during the policy term, we will pay the “Sum Assured on Death”, which is :

• For Regular and Limited Premium Policies: Higher of the following:

  • A. 10 times the Annualised1 premium, or

  • B. Absolute amount Assured+ to be paid on death, or

  • C. 105% of the total2 premiums received up to the  date of death

• For Single Premium Policies: Higher of the following:

  • A. 1.25 times of Single premium, or

  • B. Absolute amount Assured+ to be paid on death

1Annualised premium shall be the premium amount payable in a year, chosen by the policy holder, excluding the applicable taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any

2Single Premium /  Total Premiums paid / received means total of all the premiums received, excluding any extra premium, any rider premiums and applicable taxes.

+Absolute amount Assured to be paid on death will depend on the plan option chosen by you at the policy inception and be as follows:

Plan Option Opted

Terminal Illness Benefit :

• In the unfortunate event of the life assured being diagnosed with terminal illness, during the policy term, or before attainment of 80 years, whichever is earlier the benefit equal to sum assured on death as on date of diagnosis would be payable, subject to maximum of Rs. 2,00,00,000 (for in-force policies) would be payable. Following the claim under Terminal illness benefit, if the Sum assured is higher than the Terminal Illness benefit paid,  the balance death benefit will be paid on the death provided the policy is in-force. The policyholder is required to pay the reduced premium for the balance death benefit to keep the policy inforce.

• The Terminal benefit shall be payable in any one of the following death benefit payment mode as opted under the plan at the policy inception

  • Lump sum

  • Monthly installments

  • Lump sum plus Monthly installments

Other Benefits :

Two Rider# Option

• # The Riders under this product are SBI Life - Accidental Death Benefit Rider (UIN: 111B015V03) and SBI Life - Accidental Total & Permanent Disability Benefit Rider (UIN: 111B016V03)