e-Shield Next SBI Life Insurance

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SBI Life - e-Shield Next is an Individual life insurance plan in the non-linked and non-participating category under pure risk premium product. The plan comes with a range of benefits that help the insured and his/her nominees to stay secured and to have a safe financial future.

Highlights of e-Shield Next - SBI Life Insurance

check-star Claim settlement Ratio - 98.39%
check-star Tax Benefits - Available as per prevailing tax laws
check-star Critical Illness Coverage - Available
check-star Accidental death benefit - Available
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Pros & Cons e-Shield Next - SBI Life Insurance

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Can choose from three plan options including level cover, increasing cover, and level cover with future proofing benefit as per requirement.
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The plan allows long term protection for the insured as well as his/her family.
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It also offers death benefit to the nominee if the insured passes away during the term of the policy.
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Further, you also have the option to customize the plan to meet different requirements.
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The policy comes with terminal illness benefit offered under all plan options along with the option of additional riders.
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There is no other exclusion under the SBI Life - e-Shield Next except for the suicide exclusion.
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Injury occurred before the risk commencement date is not covered.
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If the life assured dies because of suicide within 12 months of buying the plan or renewing the plan, the nominee of the policyholder receives 80% of total premiums paid till the death of the insured. Alternatively, it can be the surrender value if applicable which is offered to the nominee, whichever is higher.
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Once the benefits are paid to the nominee in the above case, the policy is terminated.
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SBI Life
Insurance Company

SBI Life Insurance, founded in the year 2000, is a leading life insurance conglomerate in India. The company was established as a collaborative scheme between State Bank of India (SBI) and a French Financial Institution called BNP Paribas Cardiff where SBI holds about 55.50% stake, while 0.22% stake is owned by the French company. Over the years, SBI Life insurance has been serving millions of people in India with its diverse insurance products on investments, savings, protection, health, pension and so on. With a claim settlement ratio of 93.09%, SBI Life is one of the most trusted insurers in the country.

Founded in
2000
Incurred Claim Ratio
78.73%
Turnover (GWP)
10,828.40 Crores
JV Partners
State Bank of India and BNP Paribas Cardif S. A.

Claims Experience

Claims Experience Rating 4.7
check-star % of claims settled in less than 30 days
Reflects on the speed of settling valid claims
99.95%
check-star % of Complaints received on overall claims
% customers unhappy with claims experience
0.06%
check-star Claim Settlement Ratio (No. of claims)
What % of the claims received were paid?
98.39%
check-star Claims Incurred Ratio
78.73%

Benefits of e-Shield Next - SBI Life

Key Benefits
Long-term protection for self and family
Life cover up to 100 years.
Death benefit
Sum assured
Other Benefits
Rider Benefits
Accidental Death and Disability Riders
Terminal illness benefit
Max. up to INR 2,00,00,000
Options Available
Plan Options
3 plan variants available
Top Life Insurance Plans by e-Shield Next - SBI Life

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SBI Life - eShield Next is an individual, non-linked, non-participating pure risk premium product of life insurance.
e-shield next plan was launched by State Bank of India Life Insurance or SBI Life.
The claim settlement ratio of SBI Life is 94.52% for FY 2021-22.
You can use single, monthly, half-yearly or even yearly mode of payment under SBI life – eShield next.
Yes, you can pay your premium online under SBI Life – eShield next.
You can use debit, credit cards, or can use net banking etc.