Best Term Insurance Plan of 2023 - According to Economic Times
Introduction to Term Insurance Plans
Term Insurance plans are the most basic and affordable form of life insurance. It provides financial security to your family in case of your untimely demise. It is a pure protection plan which provides life cover for a pre-decided term of years. On maturity, no benefits are given. There are many Term Insurance plans available from various insurance companies in India. Therefore, it is important to compare the plans and select the best one that suits your needs.
The Best Term Insurance Plan of 2023
According to Economic Times, the best Term Insurance Plan of 2023 is the SBI eShield Plan. This plan provides a comprehensive life cover for a term of 10 to 30 years. It also provides additional benefits such as waiver of premium in case of disability, accidental death cover, and maturity benefit. The premium is also very affordable and the claim settlement ratio is one of the best in the industry.
Benefits of SBI eShield Plan
The SBI eShield plan provides a comprehensive life cover for a term of 10 to 30 years. It also provides additional benefits such as waiver of premium in case of disability, accidental death cover, and maturity benefit. The premium is also very affordable and the claim settlement ratio is one of the best in the industry.
Claim Settlement Process of SBI eShield Plan
The SBI eShield plan has a very efficient and hassle-free claim settlement process. The policyholder can file a claim online through the SBI website and the process is completed within 7 working days. The company also provides a dedicated customer service helpline for any queries regarding the policy.
Conclusion
The SBI eShield plan is the best Term Insurance Plan of 2023 according to Economic Times. It provides a comprehensive life cover for a term of 10 to 30 years. It also offers additional benefits such as waiver of premium in case of disability, accidental death cover, and maturity benefit. The premium is also very affordable and the claim settlement ratio is one of the best in the industry. Therefore, it is the perfect choice for anyone looking for a term insurance plan.