Client Profile
Age 30, Sole Breadwinner
Financial Liability
Home Loan & Dependents
eShield Next Base
Level Cover with Future Proofing
ATPD Rider
Accidental Total Permanent Disability
Tax Savings
Section 80C & 10(10D)
Core Mathematics: eShield Next (UIN: 111N132V02)
The eShield Next is the cornerstone of pure protection. For clients looking to secure their family, the math is absolute. It is designed to offset massive financial liabilities like home loans and provide a pure safety net. The surrender value for limited premium options is calculated strictly as:
The Human Life Value (HLV) Concept
When calculating coverage, we use the Human Life Value (HLV) model. A 30-year-old earning ₹10 Lakhs annually has an HLV of approximately ₹1.5 Crores to ₹2 Crores based on remaining working years and inflation-adjusted expenses. The eShield Next bridges this gap precisely.
45-Day Waiting Period Analysis (Saral Jeevan Bima)
Standardized term plans have a strict waiting period. Accidental deaths bypass this completely, providing immediate 100% coverage.
Strict ATPD Exclusions
The ATPD (Accidental Total Permanent Disability) Rider rejects claims based on mathematically-underwritten exclusions. Repudiations for permanent disability rigidly apply if caused by:
- Infection (non-wound)
- Substance Abuse / Alcohol
- Intentional self-injury
- Non-commercial aviation
- Hazardous pursuits (racing, diving)