Term Life Insurance
SBI Life eShield Next Review 2026
SBI customers who prefer a trusted PSU-backed insurer
★★★★★4.1
Last updated: 15 December 202596.51%
Claim Settlement Ratio
96.51% (FY 2023-24)
Excellent track record of settling claims
Key Features
✓SBI brand backing and branch support
✓Cover from Rs 25 lakh to Rs 3 crore
✓Level, increasing, and decreasing cover options
✓Terminal illness advance payout
✓Online purchase with lower premiums
Coverage Details
Plan Details
| Min Coverage | ₹25 Lakh |
| Max Coverage | ₹3 Crore |
| Coverage Unit | life cover in Rs |
| Claim Settlement Ratio | 96.51% (FY 2023-24) |
| Premium Starts From | Rs 480/month (Rs 1 crore, 30-year-old male, non-smoker) |
| Entry Age | 18 to 65 years |
| Renewal | Up to age 80 |
Plan Options
Level CoverIncreasing CoverDecreasing CoverReturn of Premium
Rating Breakdown
features
4.2/5
value
4.2/5
support
4/5
benefits
4.1/5
Pros & Cons
✓Pros
- ✔Affordable premiums backed by SBI brand
- ✔Cover up to Rs 3 crore
- ✔Increasing and decreasing cover options
- ✔96.51% claim settlement ratio
- ✔SBI branch support for queries
✗Cons
- ✘Limited rider options compared to HDFC/ICICI
- ✘No whole life coverage option
- ✘Online application can be clunky
Benefits Included
- ✔Death benefit as lump sum
- ✔Terminal illness benefit
- ✔Accidental death benefit rider
- ✔Option to return premium
Exclusions
- ✘Suicide within 12 months
- ✘Non-disclosure of material facts
- ✘War and nuclear exclusions
Frequently Asked Questions
SBI Life has a claim settlement ratio of 96.51% (FY 2023-24). This indicates the percentage of claims that were successfully settled by the insurer out of total claims received.
SBI Life eShield Next premiums start from Rs 480/month (Rs 1 crore, 30-year-old male, non-smoker). The actual premium depends on your age, sum insured, plan variant, and number of members covered.
SBI Life eShield Next offers coverage from ₹25 Lakh to ₹3 Crore (life cover in Rs).
SBI Life eShield Next offers multiple payout options including lump sum payment and monthly income to nominees. Check the plan options: Level Cover, Increasing Cover, Decreasing Cover, Return of Premium.
SBI Life eShield Next is available for individuals aged 18 to 65 years. Coverage continues up to age 80.
