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SBI Life Term Insurance

33 reviews Rate This
SBI Life Term 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

Term Life Insurance Premium Calculator

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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

SBI Life Term Insurance Plan List

    Name of PlanSum Assured
    eShield20 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.

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    SBI Term Insurance User Reviews

    4.7
    Rating based on
    33 User reviews
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    What users are saying
    • All
    • Instant resolution of queries

      The team of InsuranceDekho provided instant solutions to all the queries I had while I was buying the SBI Life...

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      D
      SBI
      By Dilip Rathi
      On: Jun 06, 2023
    • Budget-friendly plans

      InsuranceDekho has many plans which are very budget-friendly. My purchasing experience was smooth and convenie...

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      S
      SBI
      By Saransh Pingle
      On: Jun 01, 2023
    • A list of the top insurance co...

      I am glad that InsuranceDekho had a detailed list of the top insurance companies along with the best plans off...

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      A
      SBI
      By Abhishek Ahluwalia
      On: May 30, 2023
    • Convenient Process

      Easy to buy a health insurance policy from the online platform of InsuranceDekho. My purchase of the SBI Life ...

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      S
      SBI
      By Sahil Nagpal
      On: May 26, 2023
    • No paperwork required

      When I bought the SBI Life Term Insurance Policy from the InsuranceDekho website for myself, there was minimal...

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      P
      SBI
      By Priya Kumari
      On: May 23, 2023
    View All SBI Life Term Insurance Reviews

    Claim Process at SBI Life Term Insurance

    • 1

      Claim Intimation

      In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
    • 2

      Submission of Documents

      Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
    • 3

      Claim Evaluation

      Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
    • 4

      Claim Settlement

      If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
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    Why to Buy Term Insurance Policy Online from InsuranceDekho

    • Tax benefit upto 1,50,000*
    • Claim support everyday 10AM-7PM
    • 50 Lacs+ happy customers

    Term Insurance News

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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.

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