Is it worth to take e-Shield from SBI as my age is 41 yrs in addition to lic SARAL
| Level Cover: | |||||||||||||||
| • | Sum Assured remains the same throughout the term of the policy. | ||||||||||||||
| • | On death of the Life Assured during the Policy Term, Sum Assured will be paid to the beneficiary. | ||||||||||||||
| Level Cover with Accidental Death Benefit (ADB): | |||||||||||||||
| • | Sum Assured remains the same throughout the term of the policy. | ||||||||||||||
| • | On death of the Life Assured during the Policy Term, Sum Assured will be paid to the beneficiary. | ||||||||||||||
| • | In case of death due to accident, Accidental Death Benefit will be paid in addition to Sum Assured to the beneficiary. | ||||||||||||||
| • | Illustration: | ||||||||||||||
| Increasing Cover: | |||||||||||||||
| • | The Basic Sum Assured under this plan option increases at the rate of 10% (simple interest) at the end of every 5th Policy Year. | ||||||||||||||
| • | The effective Sum Assured will be the Increased Sum Assured applicable at the time of death. | ||||||||||||||
| • | On death of the Life Assured during the Policy Term, the effective Sum Assured will be paid to the beneficiary. | ||||||||||||||
| • | Illustration of effective Sum Assured is as given below: | ||||||||||||||
| Basic Sum Assured = ` 50 Lakhs Policy Term = 30 years | |||||||||||||||
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| Hence, if death of the Life Assured happens in 15th year then 60 Lakhs will be paid to the beneficiary.
Increasing Cover with Accidental Death Benefit: |
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| • | The Basic Sum Assured under this plan option increases at the rate of 10% (simple interest) at the end of every 5th Policy Year. | ||||||||||||||
| • | The effective Sum Assured will be the Increased Sum Assured applicable at the time of death. | ||||||||||||||
| • | Under this option, only the Basic Sum Assured will increase and not the Accidental Death Benefit. | ||||||||||||||
| • | On death of the Life Assured during the Policy Term, the effective Sum Assured will be paid to the beneficiary. | ||||||||||||||
| • | In case of death due to accident, Accidental Death Benefit (ADB) will be paid in addition to the effective Sum Assured to the beneficiary. | ||||||||||||||
| • | Illustration: | ||||||||||||||
https://epolicy.sbilife.co.in/FAQ/e-Shield%20faqs/product_related.htm