Mumbai, India (CU)_ SBI Life Insurance recently announced the introduction of the SBI Life eShield Next plan, a new age term insurance policy that increases or levels up the protection coverage in accordance with the insured’s life milestones. According to a recent statement released by the firm, the policy is a non-participating, non-linked life insurance pure risk premium product that enables clients to profit by upgrading the needed insurance protection.
The procedure is carried out by increasing the sum assured in response to important progressive events in one’s life, such as marriage, becoming a parent, or purchasing a property. With its level-up function, the new age protection plan ‘eShield Next’ provides three plan alternatives that are tailored to the needs of customers.
Choice 1: Level Cover Benefit: This option ensures that the total amount assured remains consistent during the insurance period.
Choice 2: Increasing Cover Benefit: With this option…
