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SBI Life Insurance User Reviews

218 reviews Rate This
SBI Life Insurance
Highlights
Claim Settlement Ratio93.09%
Customer Care9:00 AM to 9:00 PM
Death Benefit Paid For212,57 Policies
Inception2001
Presence825 offices
Total Death Benefit Paid810.71 Crore

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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification
Rating of SBI
4.7
Based on
218 User reviews

  • Easy to compare plans

    With so many life insurance plans available, I was confused about which one to buy. So, I decided to compare the different plans available and finally bought the SBI Life Insurance Policy from InsuranceDekho.

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    S
    Sujay Sachdev
    On: Jun 06, 2023

  • Flexible Policy Riders

    The SBI Life Insurance Policy offers flexibility through various policy riders and options. They allowed me to customize my policy by adding riders such as accelerated death benefits or term conversion options. These features provide added flexibility and the ability to adjust my coverage as my needs change over time. It's a valuable aspect of my life insurance policy, which I got from InsuarnceDekho.

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    S
    Supreet Nanda
    On: Jun 01, 2023

  • Nomination and Beneficiary Updates

    Managing policy nominations and beneficiary updates is effortless with the SBI Life Insurance Policy. I can easily designate beneficiaries and make changes as needed. InsuarnceDekho ensures a seamless process, giving me control and peace of mind regarding the distribution of benefits.

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    V
    Vritti Malhotra
    On: May 30, 2023

  • Streamlined Application Process and Quick Approval

    My request for applying for the SBI Life Insurance Policy from InsuarnceDekho was approved quickly and without too much scrutiny. Their process to apply was also very easy and streamlined. Could buy the policy easily.

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    H
    Harit Chand
    On: May 26, 2023

  • Safe and secure website

    As one needs to give personal details while purchasing a Life insurance policy, we need to be careful. But the InsuranceDekho website is a very safe and secure website. Once I bought the SBI Life Insurance Policy from them, I was assured that all my details are safe.

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    I
    Imaan Aulakh
    On: May 23, 2023

  • Excellent Policy Options for Different Life Stages

    I appreciate the variety of policy options available with InsuranceDekho. I bought the SBI Life Insurance Policy. The plan was flexible enough to understand that life changes, and that it can be tailored to different life stages, ensuring that my coverage remains relevant and effective.

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    R
    Ritu Grover
    On: May 19, 2023

  • Pocket-friendly plans

    InsuranceDekho provides pocket-friendly plans to its customers. I was looking for a good life insurance plan and bought the SBI Life Insurance Policy from the InsuranceDekho website. The plan is quite affordable and is benefitting me well. 

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    G
    Gurseerat Kaur
    On: May 17, 2023

  • Read a few good articles

    I recently bought the SBI Life Insurance Policy from the InsuranceDekho website. I read some amazing articles that carried a lot of information about insurance and its importance. Loved the way they were explained. I have carried a lot of stuff from those articles. 

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    S
    Sajjal Puri
    On: May 12, 2023

  • Amazing plan

    After exploring so many life insurance plans, I was finally able to find a good life insurance plan for myself. So, when I found the SBI Life Insurance Policy on InsuranceDekho, I bought it without any hesitation. The plan is both reasonable as well has amazing benefits to offer.

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    M
    Meenakshi Dhingra
    On: May 10, 2023

  • The website saves a lot of time

    I have become a fan of the InsuranceDekho website. All policy-related services like renewal, claim settlement process, and issuance on the website save a lot of time. I saved a lot of my time while buying the SBI Life Insurance plan within like 5 minutes. Highly recommended from my end. 

    Read More
    P
    Priya Bajpa
    On: May 05, 2023

Explore SBI Life Insurance

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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  • Claim support everyday 10AM-7PM
  • 50 Lacs+ happy customers

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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.

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FAQ About SBI Life Insurance

  • Why should I choose SBI Life Insurance?

    SBI Life offers a variety of comprehensive plans that you can choose from according to your requirements and budget. SBI Life insurance has a high Claim Settlement Ratio of 94.52% FY 2019-20. The plans offered by SBI Life Insurance are affordable.

  • What all life insurance plans does SBI Life offer?

    SBI provides Protection plans (Term plans), Online Plans, Savings Plans, Wealth Creation Plans, Retirement Plans and Child Plans.

  • What is the grace period of SBI Life Insurance plans?

    SBI offers a 30 days grace period for the premium due date for yearly, half-yearly and quarterly mode of premium and 15 days for monthly mode of premium. The policy will not lapse during the grace period and will lapse thereafter if no premium is paid.

  • What factors will determine the premium of SBI Life Insurance plans?

    Policyholder’s age, sum assured, gender, lifestyle, job, medical history, type of policy and tenure of the policy and Riders (if any) are some of the factors that determine the premium of SBI Life Insurance Plans.

  • What is the Claim settlement Ratio of SBI Life Insurance?

    SBI Life Insurance has a claim settlement ratio of 94.52% for the year 2019-20.

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