SBI Life Insurance Premium Calculator

Claim Settlement Ratio | 93.09% |
Customer Care | 9:00 AM to 9:00 PM |
Death Benefit Paid For | 212,57 Policies |
Inception | 2001 |
Presence | 825 offices |
Total Death Benefit Paid | 810.71 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
Gender
- Male
- Female
Date of Birth
Do you smoke or chew tobacco?
- Yes
- No
Choose required coverage to secure your family’s future
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Why to Buy Life Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 45 Lacs+ happy customers
Claim Process at SBI Life Insurance
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.