 "The Ultimate Guide on Term Insurance and Tax Savings")
SBI Life Insurance recently launched a term plan called SBI Life eShield Next. Apart from a level cover option (where the sum assured remains constant), it allows customers to increase sum assured at regular intervals, or when they reach important milestones in their lives. Several other insurers also offer such covers.
How do they work?
These plans work in two ways. One, the sum assured can increase at regular intervals. In the SBI Life plan, it increases by 10 per cent (all increases are percentage of basic sum assured) every five years, till you hit a ceiling of
How do they work?
These plans work in two ways. One, the sum assured can increase at regular intervals. In the SBI Life plan, it increases by 10 per cent (all increases are percentage of basic sum assured) every five years, till you hit a ceiling of
