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SBI Life Insurance 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. The premium calculator is designed specifically to calculate monthly amounts of premiums to achieve the sum assured. Using the 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. SBI life insurance 5-year plan calculator online.

How to Use the SBI Life Insurance Premium Calculator?

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

Step 1: Go to the ‘Premium Calculator’ on the website of Insurance Dekho ‘Life Insurance’ page.
Step 2: Fill in 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

The benefits of using the SBI life insurance 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: SBI Life Insurance calculator helps in calculating accurate premiums 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.
  • Accuracy: The first and foremost advantage of using the SBI Life Insurance Premium Calculator is its accuracy. Instead of manually computing premiums, which can be fraught with errors, the calculator ensures that you get the exact amount that needs to be paid for your chosen policy.
  • Saves Time: In the digital age, everyone values time. Instead of visiting branches or calling agents to get a quote, you can swiftly get your premium details in a matter of minutes from the comfort of your home.
  • Comparison: The calculator allows users to change various parameters like the sum assured, policy term, and type of insurance. This facilitates a side-by-side comparison, helping in selecting the policy that provides the best value for money.
  • Financial Planning: With a clear picture of the premium amounts, individuals can make sound financial plans. It helps you understand how much you need to set aside periodically for your life insurance premiums, ensuring that you don't strain your budget.
  • Transparency: There's peace of mind that comes from knowing the details. The SBI Life Insurance Premium Calculator gives customers a transparent view of all charges. This transparency ensures there are no hidden costs, bolstering trust in the insurance provider.
  • Customisation: Each individual has different insurance needs. The premium calculator allows users to input different variables, tailoring the policy to individual requirements. By adjusting elements like coverage duration, payout methods, or adding riders, users can witness how these changes affect their premiums.

Term Life Insurance Premium Calculator


  • Male
  • Female

Date of Birth


Do you smoke or chew tobacco?

  • Yes
  • No

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
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User Reviews

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What users are saying
  • All
  • Amazing Insurance Company

    My purchase of the SBI Life insurance was excellent. I recommend everyone consider InsuranceDekho for buying a life insurance plan online. The services and guidance provided by the customer care team was great. Thanks to the customer care team who helped me throughout the process. Also, I want to express my gratitude to the company's insurance experts for suggesting the SBI life insurance plan.

    By Sushmita Devi
    On: Feb 20, 2024
  • A Must-Buy Life Insurance Plan

    The SBI life insurance plan available on InsuranceDekho is a must-buy plan considered by many other customers. Most of the insurance buyers who have used the SBI life insurance plan have reviewed it positively and thus I was convinced to buy it.

    By Yamini Singla
    On: Dec 20, 2023
  • Excellent Education Resources

    While looking for a good life insurance policy, InsuranceDekho offers a wealth of educational resources to help you understand life insurance. Through their guidance, I bought the SBI Life Insurance Policy.

    By Raghav Verma
    On: Nov 15, 2023
  • Great Resource for Information

    While looking for a good life insurance policy, I found that InsuranceDekho provides valuable resources and information about life insurance. It's a one-stop shop for all the knowledge you need to make an informed decision. I could easily purchase the SBI Life Insurance Policy.

    By jagdish Roat
    On: Nov 08, 2023
  • Excellent Policy Management

    The InsuranceDekho’s website allows for easy policy management, making it simple to make changes or updates for my SBI Life Insurance Policy as my circumstances evolve.

    By Vinay Kumar
    On: Nov 03, 2023

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.

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  • 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.

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