SBI Life- Shield New

When we were small enough to earn our living,our parents/guardians helped us doing it by caring us and making us capable to step into the hectic and timeless world. Now it is your duty to take care of them and you even make them financially secure. But in this busy life, we don’t even get time to take care of ourselves properly then how could we care of our parents or fulfill their retirement dream. ‘Life is full of uncertainties and risk’ as you all know. To assure that due to some uncertainties your dream should not be shatter which you have for your family.

SBI Life furnish you with ‘Shield’ which is a pure risk policy that offers you a significant life cover at a very low cost. You did not have to worry about the dream if you come across premature death, as with this cheap life cover policy unfulfilled jobs of yours will get financially fulfilled eventually.

Some Unique Features:

1. Life cover at the cheapest cost.
2. Available in 3 options.
3. Tax benefit u/s 80 C and 10 (10 D) of IT Act.
4. Discount for Female lives.
5. Premium payment mode- monthly,half-annually,annually,quarterly,single.
6. Rider options available.
7. 15 days Free Look Period from the date on which you receive the policy documents.

Benefits

Death Benefit: in case of unfortunate death, the nominee will get the sum assured.

Maturity Benefit :No survival benefit available at the end of the term.

SBI Life Insurance India

State Bank of India is one of the largest banking dealership in India, including its seven associate banks. Network of over 14,500 branches across the country, SBI Life offers a slew of products designed for each and everyone of the society.

Following is the list of products with details:-

Pension:

1. Keeps your income stable in post-work life.
2. Helps policy holder to remain financially independent post-retirement.
3. Tool for systematic retirement planning.

Children Plan:

1. An Asset to plan for children’s needs in the future.
2. An Asset to ensure children’s future plans are not compromised in parental absence.

ULIP Insurance:

1. Investment option added.
2. Option to choose from funds such as equity, debt, bonds, or a combination.
3. Offer partial withdrawals options.

Money Back Insurance:

1. Life covers for specified periods.
2. Policy holder gets tax-free, fixed proportions of the sum assured at regular intervals.
3. Policy holder receives lump sum payment on surviving maturity date.

Term Insurance:

1. Pure risk cover plan with no survival benefit.
2. Cheapest of all life insurance product.

Endowment Insurance:

1. Tool with savings option
2. Sum assured plus bonus accrued paid in the event of death of the insured or at maturity
3. With-profits plan that participates in the profits of insurer’s life insurance business