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SBI User Reviews

247 reviews Rate This
Highlights
Claim Settlement Ratio97.05%
Death Benefit Paid For212,57 Policies
Inception2000
Presence992 offices
Solvency Ratio2.15
Total Death Benefit Paid1676.95 Crore
Rating of SBI
4.7
Based on
247 User reviews

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.

Harit Chand
On: May 26, 2023 | Views

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 Policy?

    How To Revive Lapsed SBI Term Insurance Policy?

    Revive your lapsed SBI term insurance policy: contact the insurer, pay overdue premiums, fulfil requirements promptly for continued coverage. Check steps Now!
    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
  •  SBI Life Insurance Premium Payment Options

    SBI Life Insurance Premium Payment Options

    SBI Life Insurance premium payment process is quick and easy. Individuals can choose to pay either online or offline at their convenience.
    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

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 Policy?

    How To Revive Lapsed SBI Term Insurance Policy?

    Revive your lapsed SBI term insurance policy: contact the insurer, pay overdue premiums, fulfil requirements promptly for continued coverage. Check steps Now!
    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
  •  SBI Life Insurance Premium Payment Options

    SBI Life Insurance Premium Payment Options

    SBI Life Insurance premium payment process is quick and easy. Individuals can choose to pay either online or offline at their convenience.
    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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Life Insurance News

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.

FAQs

  • 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.

SBI Life Insurance Contact Details

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