Eligibility Criteria for IndiaFirst Money Balance Plan And Saral Shield Plan
Eligibility criteria for IndiaFirst Money Balance Plan and Saral Shield Plan define the minimum/maximum entry age and minimum/maximum vesting age for these two plans. Eligibility and vesting age are main aspects of IndiaFirst Money Balance Plan and Saral Shield Plan details. Vesting age is also known as maturity age i.e. the age when your policy matures and you can acquire its benefits. For the former insurance plan, minimum entry age is 5 years and maximum entry age is 65 years. Also,minimum vesting age is not available whereas maximum vesting age is 75 years. Similarly for the later insurance plan, minimum entry age is 18 years and maximum entry age is 60 years. Also for the second plan, minimum vesting age is 65 years whereas maximum vesting age is 65 years.
Policy Term Details
Policy term details for IndiaFirst Money Balance Plan and SBI Life Saral Shield include the minimum and maximum policy terms for the said insurance plans. Policy term is a time period during which an insurance policy is valid. After completion of policy term, one can renew the policy or get sum assured by terminating the policy. For IndiaFirst Money Balance Plan, minimum policy term is 5 years and maximum policy term is 25 years. Similarly for SBI Life Saral Shield, minimum policy term is 5 years and maximum policy term is 30 years.