IndiaFirst Money Balance Plan and Saral Shield Plan provisions are made in the form of policy renewal, riders etc. Renewal of IndiaFirst Money Balance Plan and SBI Life Saral Shield helps you to extend policy term of these insurance policies. Policy renewal period generally varies from 0 to 3 years. Policy may be renewed if you want to extend the term of your plan. If there is no provision for renewal of policy then a person has to make a completely new contract on the same terms with the insurance company. Policy renewal is allowed for IndiaFirst Money Balance Plan and renewal period is Not Available. Policy renewal is allowed for SBI Life Saral Shield and renewal period is 2 years.
On the basis of riders for IndiaFirst Money Balance Plan and Saral Shield Plan like accidental death benefit, critical illness, etc, these plans can be compared. Riders are clauses in an insurance policy which provide benefits like premium waiver in case of above mentioned circumstances. Due to accidental death benefit rider, beneficiary will get the money is case of accidental death of the policy holder. Critical illness rider can be used under critical health conditions like stroke, paralysis, cancer, etc. It provides for medical expenses before death. Permanent disability rider can be availed in case life insured suffers permanent disability due to some reason. Riders for these plans can be purchased by paying additional IndiaFirst Money Balance Plan and SBI Life Saral Shield Premium.
Riders for IndiaFirst Money Balance Plan:
Riders for SBI Life Saral Shield:
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