Q. Recently which bank has launched the new age protection plan –eShield?
a) PNB
b) ICICI
c) SBI
d) HDFC
ANSWER:- c)
RELATED FACTS:-
- SBI Life Insurance, one of most trusted private life insurers in the country, on 17TH August, 2021 announced the launch of a unique new age protection solution – ‘SBI Life eShield.
- Next’, that ‘Levels Up’ the protection coverage as the insured achieves life’s prominent milestones.
- An individual, non-linked, non-participating, life insurance pure risk premium product, is designed to let consumers enjoy the finer moments in life, 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.
- The unique selling proposition of the new age protection plan eShield next is its ‘level-up’ feature.
- It offers three plan options – ‘Level cover, Increasing cover and Level Cover with Future Proofing benefit’.
- Each has been thoughtfully crafted to meet the changing needs of consumers.
- Commenting on the launch of SBI Life eShield Next, Ravindra Kumar, President, SBI Life Insurance said, “In the past year, we have witnessed a tectonic shift, not only in our work life, but also the overall lifestyle.
- This sudden change requires all of us to be agile and adapt to the evolving situation created by the pandemic.
- As we continuously adapt to the situation, it is crucial for our life insurance cover to also adapt to our changing needs, especially as we ‘Level Up’ in life.
- This is precisely what SBI Life eShield Next aims to offer. The pure term protection plan offers a range of customizations ensuring that consumers’ remains financially secure, in the present as well as the future.”
By – ABHISHEK KUMAR