SBI Online Term Plan- e Shield

POSTED BY Ganesh Rao ON March 28, 2013 4:09 pm COMMENTS (4)

HI ,

SBI has introduced online term plan called e-Shield. I guess this move would encourage people to go for online term plans which is backed by goverment/PSU. Earlier people , who were worried about buying Term plans from Private insurer’s would think once again.

Whats your say on this ?

The premium seems to be little high than other private insurer’s but certainly less than LIC Jeevan Amulya.



4 replies on this article “SBI Online Term Plan- e Shield”

  1. Dear Indrajit, all company are equally good or equally bad. The measurement scale is in your hand only. Your comfort with the insurer matters so pick the one where you feel safe & secure.



  2. Indrajit Ghosh says:

    Which Term insurance company is best to go with? I want a 1 crore plan. Please suggest which company should i go with??

  3. Ganesh

    This is a common myth where people think Its a public sector company , Note that the insurance company is SBI LIFE and not State Bank of India . SBI life is just sister concern where the majority of shares are held of SBI bank . SBI life also has association with foriegn life insurance companies just like Bharti and AXA has … so except LIC , you should not consider anyone as PSU company . There is no major difference between SBI life insurance and any other life insurance companies which are private .


  4. Dear Ganesh, it’s about personal choices. I was comfortable with pvt. insurer & hence my term covers are with 2 pvt. insurers. If somebody else is comfortable with either LIC or any other PSU backed insurer, so be it.

    It’s not about one is good & one is bad.



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