SBI Life Saral Shield Plan

A term plan that assures you no compromise on the ambitions of your loved ones. It provides you with various assurance plan which can be selected according to your current position and future needs. A term plan is one which gives only death benefits and does not provide any benefits on the survival of the policy holder till the end of the policy term.

Key Features

  • Financial coverage at affordable cost
  • Rebates on large sum assured
  • Special premium rates for women

Benefits

  • Maturity benefit
No maturity benefit is available on this plan.
  • Death benefit
The benefits will be paid to the nominee if the life insured dies within the policy term.

Add-ons

  • Rider benefit
  • Accidental death benefit rider
  • Accidental total and permanent disability rider
  • Am I eligible?

    PARAMETER MINIMUM MAXIMUM
    ENTRY AGE 18 60
    POLICY TERM 10 35
    AGE OF MATURITY - 65
    SUM ASSURED 7,50,000 24,00,000
    PREMIUM PAYEMENT TERM SAME AS POLICY TERM
    PAYMENT TERMS ANNUAL, SEMI-ANNUAL, QUARTERLY, MONTHLY

    What if?

    • I am unable to pay on time
    A grace period is provided based on the payment frequency. The policy is continued if you make the payment within the time period else the policy is lapsed.
    • I stop the payment
    For single payment option a percentage of the amount will be returned back. For other payment option there are no benefits on surrendering the policy.
    • I wish to take a loan
    Loan options are not available in this policy.

    Exclusions

    • Death benefit
    The nominee will receive 90% of the amount of premiums paid if the life insured commits suicide.
    • Accident benefit
  • Death caused due to infection
  • Life assured under the influence of alcohol
  • Taking part in flying activities
  • Nuclear contamination