One cannot surrender the SBI Life eShield plan, but they can request that the policy be cancelled.
Free look period
If, after reading the policy, you discover that the SBI life eShield plan does not meet your needs in terms of coverage or other terms, you can cancel the policy within 15 days of receiving the relevant documents. It is essential to keep in mind that claims shouldn’t have been made during this time. After certain fees have been deducted, you will receive a refund for the premium.
Additional features or riders
Discounts are given out by the SBI Life eShield plan to female applicants and nonsmokers. These two segments of the population receive a significant discount.
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SBI Life eShield – Steps on How To Get Insured
The SBI Life eShield’s ease of use is its most significant advantage. The steps to purchasing an online SBI Life eShield life insurance policy are listed below.
- Select the “Buy eShield Online” option when logging in to the SBI life online portal.
- Enter your personal information, such as your name, date of birth, contact information, address, employment information, and family size, among other things.
- You must decide, after evaluating your financial goals, which of the two options—level coverage with an integrated Accelerated Terminal Illness benefit or increasing coverage with an integrated Accelerated Terminal Illness benefit—is best for you.Choose the desired option, including the sum assured and policy term, based on your evaluation.
- Filling out a questionnaire containing information about your health and family history would be the next step.
You must now complete the information about your nominee.You must be aware that the nominee’s information can be changed at any time during the policy period.
- Before submitting the information and proceeding to make the payment, it is essential to check all of the information you have entered one last time.
- The self-attested KYC (Know Your Customer) and AML documents would be provided as the final step in the online policy purchase process. Also Read-Top 10 Life Insurance Plans
Review of SBI Life eShield Term Plan
You shouldn’t make any concessions when it comes to protecting your loved ones. You must ensure that your loved ones enjoy the same standard of living whether you are alive or not. In addition, it is essential that your children realize their goals, such as marriage and higher education, at the right time and with sufficient resources.
As an SBI customer, your data is important to us. That’s why we offer a variety of protection plans to help you safeguard your information. We understand that not every plan is right for every customer, so we’ve put together this comprehensive guide to help you choose the best option for you. In addition, our team is always available to answer any questions you may have. So don’t hesitate to give us a call or send us a message.
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