SBI Life Insurance Company Limited
SBI Life — eShield Insta
SBI Life flagship online term plan
UIN 111N141V02We don't sell this — we'll still recommend if it fits
The dealbreaker fields (term life)
Sum assured (max)
—
Claim settlement (CSR)
99.5%
Claims TAT
[object Object] days
Suicide exclusion
12 months
Payout options
Lumpsum
Premium payment
Regular Pay
Policy term
5–30 yrs
Surrender value
no_for_plan_A_pure_term
Free look
30 days
What this plan does well
- Death Benefit 11x Annualized Premium — DEALBREAKER ADVANTAGE (vs industry 10x)
- 2 Plan Options: Pure Term (Plan A) / Return of Premium (Plan B) — DEALBREAKER
- Plan B: 100% Total Premiums Paid back at maturity (if survival)
- GST EXEMPT (w.e.f. 22 Sep 2025) — 18% effective discount
- Bank-backed (SBI) — highest brand trust
- SBI Life CSR ~99.5% (TOP-TIER industry-leading)
- Easy enrolment — instant and swift processing
- Convenient 10-year premium payment + 10-year policy term default
Watch out for
- Plan once chosen at inception CANNOT be changed throughout policy term
- Only Regular Premium option (no Single Pay / Limited Pay visible)
- Plan A Pure Term: NO maturity benefit (TPP forfeited if survived)
- Plan B RoP: significantly HIGHER premium vs Plan A (cost of ROP feature)
- 10-year policy term default may not suit long-term needs
- Death Benefit Lumpsum only (no Monthly Income variant visible)
- Suicide payout typically 80% premiums (vs Bandhan 100%)
- Limited PPT flexibility vs ABSLI DigiShield 10 options
Is this the right plan for you?
Run the 30-second cover calculator. We'll tell you whether this plan, or a different one, is the better fit.
Find my right cover →We don't directly sell this plan today. If our verdict says this is your best fit, we'll point you to a broker who does — and tell you our paired listed alternative so you can decide.