SBI Life Term Insurance
|Claim Settlement Ratio||93.09%|
|Customer Care||9:00 AM to 9:00 PM|
|Death Benefit Paid For||212,57 Policies|
|Total Death Benefit Paid||810.71 Crore|
Term Life Insurance Premium Calculator
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SBI Life Term Insurance Plan List
|Name of Plan||Sum Assured|
|eShield||20 lac - 10 cr||Check Premium|
About SBI Term Insurance
SBI Life Insurance Company is an Indian-based insurance provider that started its operations in March 2001. The company provides a wide range of life insurance products, like term insurance. SBI Life Term Insurance allows you to plan the future for your loved ones.
Term insurance is an insurance plan that provides financial protection in the unfortunate event of the insured's demise. SBI Life Term Plans offers affordable life coverage to its customers. Additionally, it is safe to invest in SBI Life Insurance because the company has a high claim settlement ratio of 97.5%.
The company has established its presence through 90 branch offices across the country. The policyholders can visit these branches for any assistance related to policy details, the claim process, renewals, premium payments, and more. In addition to providing offline services, the company also provides online support to its customers. The policyholders of SBI Term Insurance Plans can visit the official website of the company to renew or claim their plans online.
Popularly Opted Term Insurance Sum Assured
SBI Term Insurance User Reviews
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Claim Process at SBI Life Term Insurance
Claim IntimationIn the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
Submission of DocumentsClaim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
Claim EvaluationOnce the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
Claim SettlementIf claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 50 Lacs+ happy customers
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FAQ About SBI Life Term Insurance
What is a Term Insurance Plan?
A Term Insurance plan is a pure life insurance policy. It provides financial security to your family or loved ones in case of the unfortunate demise of the policyholder. You get higher cover at a lower premium rate.
Do SBI Life Term Insurance plans offer Tax Exemptions?
Yes, SBI Life Term Insurance offers tax exemptions under section 80C, section 80D, and section 10(10D) of the taxation law subject to terms and conditions.
What is the right time to buy a SBI Life Term Insurance plan?
The right time to buy the SBI Life Term Insurance plan is as early as possible. With the increasing age, the higher would be the term plan premium. The minimum age you can purchase a SBI Life Term Insurance plan is 18 years.
What are the different factors that will affect my SBI Life Term insurance premiums?
Your SBI Life term insurance premium amount will be based on your Gender, Age, Occupation, Pre-Existing disease, and Cover-up to which age.
How will my Age affect my SBI Life term insurance premium?
Age is an important factor in deciding the premium. As the age increases, and so is the term insurance premium.
SBI Life Term Insurance Contact Details
Insurance Dekho755 1196 989Mon to Sun 10:00 AM to 7:00 PM
SBI Life Term Insurance1800-267-9090Mon to Sun 9:00 AM to 9:00 PM