In the present era, everyone wants that the future of his family is secure. For this people also take various measures. One of these solutions is a term insurance plan. Through term insurance, you can financially secure the future of the family in your absence. One such term insurance is SBI Life e-Shield Next plan. Launching this plan, Ravi Krishnamurthy, Chairman, SBI Life Insurance said that the plan is available with its three plan options to meet the growing needs of the consumer.
What’s special: This term plan is like a shield for the family in the absence of the insured. It strengthens the financial position of the family through proper and timely payment of the sum assured at the time of death. In this term plan, the sum assured is paid in full on the death of the life insured. There is an option to increase your amount by 10 percent after every five years by increasing the cover benefit. This policy is neither linked to the stock market nor does it share any dividend with the policyholders. Let us tell you that this is the next version of SBI Life e-Shield scheme.
Share Price of SBI Life: Meanwhile, the share price of SBI Life Insurance has registered a decline of more than 1.50 percent. The price of this share is at the level of Rs 1115. Its market capital is one lakh 12 thousand crores rupees.