Categories: Business

SBI Life launches new-age term insurance policy “SBI Life eShield Next”

SBI Life Insurance announced the launch of a unique new age protection solution called ‘SBI Life eShield Next’, which ‘levels up’ the protection coverage as the insured achieves life’s major milestones. This means that the policy is neither linked to the stock market nor shares any profit or dividends with the policyholders.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

It is an individual, non-linked, non-participating, life insurance pure risk premium product and works by ‘levelling up’ the required insurance protection, through an increase in sum assured linked to the significant ‘level-up milestones in one’s life, like getting married, becoming a parent or buying a new house.

Important takeaways for all competitive exams:

  • SBI Life Insurance CEO: Mahesh Kumar Sharma;
  • SBI Life Insurance Headquarters: Mumbai;
  • SBI Life Insurance Founded: March 2001.

Find More Business News Here

Sumit Arora

Recent Posts

Nicknames of States of United States

From the sprawling plains of the Midwest to the sun-kissed shores of the Pacific, the…

16 hours ago

Veteran Politician and Former Union Minister V. Srinivas Prasad Passes Away at 76

The Indian political landscape has lost a seasoned leader with the passing of V. Srinivas…

17 hours ago

India to Host 2025 BWF World Junior Badminton Championships in Guwahati

The Badminton World Federation (BWF) has announced that India will host the prestigious 2025 BWF…

17 hours ago

Top-10 Most Liberal Cities in United States 2024

In the mosaic of American cities, certain urban centers stand out as bastions of liberal…

18 hours ago

ICICI Bank Joins India’s Top 5 Companies with Market Cap Surpassing Rs 8 Trillion

In a remarkable achievement, ICICI Bank has etched its name among India's top five companies…

19 hours ago

RBI Announces 8% Interest on Floating Rate Bond 2034: All You Need to Know

The Government of India has introduced a Floating Rate Bond (FRB) maturing in 2034, with…

19 hours ago