SBI Life Shield

SBI Life Shield is one of the better term insurance plan available in the market. It has lowest premium options than other insurance plans and also offers attractive discounts on premium.

The plan is available in three options-

(i)Sum assured increases 5% per annum

(ii)Sum assured increases 50% per annum

(iii)Level cover

Benefits:

1. Death Benefit- In case of unfortunate death of the life assured during the term of the policy, the nominee will receive the sum assured.

2. Maturity Benefit- No survival benefit is payable at the end of the policy term.

3. Tax benefit- Tax benefit under section 80C and 10(10D) of the Income Tax Act,1961.

4. Rider Plans- The following rider plans are available for additional benefit.

-Accidental Death and Permanent Disability Rider

-Premier Waiver Benefit Rider

Other Benefit-

1. Special rates on premium for women lives.
2. Attractive premium rates for the sum assured above 6Lakh and available on annual and semi annual mode of payment only.

Eligibility Criteria:

Minimum Age at Entry	18 Years
Maximum Age at Entry	60 years
Maximum Age at Maturity	65 Years
Minimum Sum Assured	3Lakh
Maximum Sum Assured	No Limit
Minimum Policy Term	5 Years
Maximum Policy Term	25 Years
Premium Payment Mode	Single, Annual, Half Annual, Quarterly and Monthly