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SBI Life Insurance Premium Calculator

200 reviews Rate This
Claim Settlement Ratio93.09%
Customer Care9:00 AM to 9:00 PM
Death Benefit Paid For212,57 Policies
Presence825 offices
Total Death Benefit Paid810.71 Crore

SBI Life Insurance Mediclaim Policy Premium Calculator

Insurance Dekho offers an online tool Premium Calculator using which you can calculate the premium of your insurance plan prior to purchasing the actual policy. Premium calculator is designed specifically to calculate monthly amounts of premiums to achieve sum assured. Using Insurance Dekho premium calculator can help you get personalized results by selecting the type of life insurance policy, cover up and life cover. Premium calculator plays an important role in estimating and adjusting the sum assured according to your requirements from the policy and according to your budget.

How to Use SBI Life Insurance Premium Calculator?

The SBI Life premium calculator offered by InsuranceDekho is quite simple and hassle-free. At Insurance Dekho you can calculate premium through following simple steps:

Step 1: Go to the ‘Premium Calculator’ on the website of Insurance Dekho ‘Life Insurance’ page.
Step 2: Fill the required details such as Age, Gender, Cover up and Life cover in the premium calculator.
Step 3: After entering the details you can select the plan option and the premium will be calculated instantly. You can change the calculated amount by changing the premium calculator factors such as Age, Cover up, Gender and Life Cover.

Benefits of SBI Life Insurance Premium Calculator

Benefits of using the insurance premium calculator are as follows:

  • Free Comparisons and Instant Calculation: Insurance Dekho lets the customers calculate the premium before buying the policy. You can calculate premium by providing the necessary details such as Age, Gender, Cover up and Life Cover, the website provides the best option of insurance plans and calculates the premium of those plans instantly.
  • Correct Premium: The premium calculator helps in calculating accurate premium for the policy according to your requirements and budget and helps in purchasing an insurance plan that is affordable.
  • Better Decision Making: While you calculate the premium for life Insurance plans, the SBI Life Insurance policy lets you choose a plan that you need and lets you enhance your plan by adding optional riders available.

Term Life Insurance Premium Calculator


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  • Female

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Do you smoke or chew tobacco?

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Choose required coverage to secure your family’s future

Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Latest News on SBI Life Insurance

  • How to Download an SBI Life Term Receipt Online?

    How to Download an SBI Life Term Receipt Online?

    SBI Life term insurance premium receipt download process is quick and easy. The policyholders can visit the official website of SBI Life Insurance and download the policy receipt online with ease. Read on to know the complete process.
    By Saumya Srivastava15 Mar 2023
  • How To Revive Lapsed SBI Term Insurance?

    How To Revive Lapsed SBI Term Insurance?

    If the policyholder fails to pay the premium for SBI Term Insurance, then the term insurance policy will lapse. However, you can get your policy revived. Read on to understand how.
    By Saumya Srivastava17 Feb 2023
  • How To Make SBI Life Insurance Renewal Payment?

    How To Make SBI Life Insurance Renewal Payment?

    SBI Life Insurance policy renewal payments can be done in a few easy steps. You can pay premiums both online and offline. Read on to find out the process of making payments for a life insurance plan.
    By Saumya Srivastava05 Jan 2023
  • How to Pay SBI Life Insurance Premiums?

    How to Pay SBI Life Insurance Premiums?

    SBI Life Insurance premium payment process is quick and easy. Individuals can choose to pay either online through internet banking, UPI, the SBI website, or offline according to their convenience. Read on to find out how to pay your SBI life insurance pre
    By Saumya Srivastava03 Jan 2023
  • SBI Life Saral Pension Plan: Plan Details, Benefits, and Reviews

    SBI Life Saral Pension Plan: Plan Details, Benefits, and Reviews

    The Saral Pension Plan from SBI Life allows investors to pursue hobbies and passions. Purchasing the SBI Life Saral Pension Plan can help you maintain your existing lifestyle and cover unexpected medical and family needs. The plan protects you from market
    By Saumya Srivastava28 Dec 2022
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Why to Buy Life Insurance Policy Online from InsuranceDekho

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Claim Process at SBI Life Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

SBI Life Insurance Premium Calculator FAQs

  • Do SBI Life Term Insurance plans offer Tax Benefits?

    Yes, SBI Life Term Insurance offers tax benefits under section 80C, section 80D, and section 10(10D) of the taxation law subject to terms and conditions.

  • What are the different add-ons or riders offered with SBI Life Term Insurance Plans?

    SBI Life offers Critical Illness cover, Accidental Death Benefit Cover, and Permanent Disability Cover with the term insurance plans.

  • Does age affect the calculation of premium?

    Yes, age does affect the calculation of premium as it is an important factor. As the age increases so does the insurance premium. It is recommended to get term insurance at an early age to avail high life coverage at an affordable price.

  • Will the premium amount increase after I have purchased the policy?

    The ‘Basic Premium Amount’ stays constant throughout the term of policy but the renewal premiums change due to taxes levied by the government and change in premium payment frequency.

  • What are the different premium modes available for SBI Life Insurance plans?

    Different premium modes available for SBI Life Insurance plans are Yearly, Half-Yearly, Quarterly & Monthly. Single premiums are available for SBI Life ULIPs.

  • Can I add a rider after I purchase the policy?

    No, you can add riders at the time you are purchasing the policy.

  • What are ‘Riders’?

    Riders are additional benefits available to the policyholder, they can be added in the policy.

  • What are the factors which will affect Life Insurance Plan premium?

    Factors that affect premium calculation for Life Insurance Plan are Age, Gender, Medical History, Geographic location, BMI Index and lifestyle of a person who is purchasing the insurance plan.

SBI Life Insurance Contact Details

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