SBI Life eShield Next

Key features

• ✓Three plan options: Level Cover, Increasing Cover, Level Cover with Future Proofing
• ✓Level Cover — sum assured remains constant throughout policy term
• ✓Increasing Cover — sum assured grows by 10% (simple) of basic SA every 5 years, capped at 100% increase; growth stops at age 71
• ✓Level Cover with Future Proofing — increase SA at life stages without medical underwriting (home loan/marriage 50% up to ₹50L; child birth/adoption 25% up to ₹25L per child)
• ✓Built-in Terminal Illness Benefit (up to ₹2 Cr if diagnosed before age 80)
• ✓Whole Life cover option up to age 100
• ✓Better Half Benefit — optional ₹25 Lakh spouse cover with future premiums waived on primary insured's death
• ✓Premium payment: Single, Limited Pay (5–25 years), Regular Pay (yearly/half-yearly/monthly)
• ✓Tax benefits under Section 80C
• ✓Non-linked, non-participating pure-risk premium plan

What’s included

• ✓Death due to natural causes
• ✓Death due to illness (after waiting period)
• ✓Death due to accident
• ✓Terminal illness (built-in, before age 80)
• ✓Optional accidental death payout via ADB rider
• ✓Optional disability cover via ATPD/APPD riders
• ✓Optional spouse cover via Better Half Benefit

What’s excluded

• ✕Suicide within 12 months of policy inception/revival (80% of premiums paid refunded)
• ✕Death from self-inflicted injuries
• ✕Death from drug/alcohol/substance abuse
• ✕Death due to participation in criminal activities
• ✕Death from war, civil commotion, or invasion
• ✕Death from hazardous/adventure sports activities
• ✕Pre-existing conditions not disclosed at inception

Eligibility

Min age

18 years

Max age

65 years

Max entry age

65 years

Covers

Self

Policy term

5 years – Whole Life (cover up to age 100 under Whole Life option)

Life cover

₹50 Lakh – No upper limit (subject to underwriting)