SBI Life Insurance is a Joint Venture Between State Bank of India and BNP Paribas Cardif.

SBI owns 74% of the total capital and BNP Paribas Cardif the remaining 26%.

SBI Life has an authorized capital of Rs. 2,000 crores and a paid up capital of Rs 1,000 crores.

SBI Life - eShield is an Individual, Non Linked, Non Participating pure term plan, with options and benefits specially tailored for those who want the best financial protection at an affordable cost.

Features:

Security for your family at an affordable premium

Easy and seamless online process for securing life cover

Rewards you for maintaining a healthy lifestyle

Wide variety of plan options, which has level and increasing cover.

Additional benefit of Accidental Death Benefit

Tax benefits as per prevailing norms under the Income Tax Act, 1961


Eligibility Details:

Entry Age
18 years 60 years

Maturity Age -
65 years

Policy Term
5 years 30 years

Sum Assured
Rs.25 lakhs No limit

Premium amount
Regular pay – Rs.5000

Single Pay – Rs.15, 000 Based on the coverage

Premium Payment Term Equal to the policy term or Single Pay

Premium Payment Frequency Yearly, half-yearly, quarterly or monthly or in Single Pay