SBI User Reviews
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 |
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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Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.
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FAQ About SBI Life Insurance
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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.
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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.
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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.
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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.
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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.