eShield Insta

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

⌟ Official product brochure

Learn about this category

Read the full term insurance explainer → · See all protection products →