SBI LifeTermTerm + Return of Premium
eShield Insta
A fully digital, fast-issue 10-year term plan with two flavors — pure protection or protection plus full premium refund at maturity.
Product data last fetched 26 August 2026. Features, premiums and availability may change — verify against the official brochure/policy wording before deciding.
The truth card
PurposeProtection
CategoryTerm + Return of Premium
InsurerSBI Life
Life CoverNot available in the current product data
PremiumNot available in the current product data
Policy TermNot available in the current product data
Premium-Paying TermNot available in the current product data
GuaranteeNot available in the current product data
Market ExposureNot applicable — non-linked
LiquidityNot available in the current product data
Lock-inNot available in the current product data
ChargesNot available in the current product data
Maturity BenefitNot available in the current product data
Death BenefitNot available in the current product data
SurrenderNot available in the current product data
Paid-upNot available in the current product data
Tax NotesDepends on policy structure, premium amount, issue date and applicable tax law — see our tax notes
XIRRNot available in the current product data
What this product is
A fully digital, fast-issue 10-year term plan with two flavors — pure protection or protection plus full premium refund at maturity.
You might need this if…
- You might need this if you want to buy term cover quickly online without lengthy paperwork or branch visits.
- You might need this if a fixed 10-year commitment suits your planning horizon better than a decades-long policy.
- You might need this if you want the flexibility to choose between the cheapest pure protection (Plan A) or a refund-on-survival version (Plan B).
- You might need this if your cover needs are moderate — between ₹10 lakh and ₹60 lakh — rather than very large sums.
How it actually works
- Entry age 18-50, fixed 10-year policy term, maturity age capped at 60; sum assured ranges ₹10 lakh to ₹60 lakh.
- Plan A (Pure Term) has no maturity payout; Plan B (Return of Premium) returns 100% of premiums paid if you survive the term.
- Premiums are paid yearly or monthly (8.5% loading for monthly); minimum yearly premium is ₹2,259 for Plan A and ₹10,735 for Plan B.
- Death benefit is the highest of the sum assured, 11× annualized premium, or 105% of total premiums paid to date of death.
- Plan B only: surrender value (higher of Guaranteed or Special Surrender Value) becomes available after one full year of premiums, and a policy loan up to 50% of surrender value is available.
- The brochure states there are no exclusions other than the standard suicide clause.
Worth knowing before you decide
- Plan A (pure term) has no surrender value, no paid-up benefit, and no policy loan — it's strictly protection-only.
- Suicide within 12 months of start or revival pays only 80% of premiums paid or surrender value, whichever is higher.
- The fixed 10-year term means you'll need to buy a fresh policy (with fresh underwriting) if you want cover to continue beyond that.
- Grace period is short — 15 days for monthly premiums — so missed payments can lapse the policy quickly.
Official source
Learn about this category
Read the full term insurance explainer → · See all protection products →