SBI Life Shield Plan: SBI Life Shield Plan is an insurance plan that works to provide financial security to you and your family even in the event of your death. They help you to provide your family with a secure future and a chance to realize their future obligations without having any financial problems to complete them.
By buying SBI Life – Shield Plan you have the benefit of,
This plan provides you with life cover at an affordable cost for a selected period of time.
This plan also allows you to choose any of the three options that it offers. The type of fund option that you have opted for will in turn supply you with an enriching sum assured.
This plan gives preference for the ladies by providing them with a special discount. If you have opted for paying your premium annually or half yearly, then also you can enjoy the special discount provided by this plan. If you have this mode of payment, you are also eligible to receive a high sum assured.
You can opt for the premium payment option that is convenient to you. If it is convenient for you to pay your premium in a single payment, you can do so, otherwise you can choose to pay your premium in installments.
The benefits offered in this plan are,
By the death benefit offered in this plan, your nominee will receive the sum assured on your death. There is no maturity benefit provided by this plan.
According to the Accidental Death and Accidental Total Permanent Disability Rider, if your death takes place by an accident, your nominee is eligible to receive the sum assured.
If by an accident you are permanently disabled, due to this rider you will receive sum assured from the insurance company in ten equal installments.
If you have opted for the Premium Waiver Benefit rider, and if you have been permanently disabled due to meeting with an accident, you are not required to pay your future premiums.
SBI’s Life – Shield Plan is a plan that is tailor made to provide you and your loved ones with financial security at any situation or crisis that takes place in your home.
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