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SBI Life Term Insurance Benefits

33 reviews Rate This
Claim Settlement Ratio93.09%
Customer Care9:00 AM to 9:00 PM
Death Benefit Paid For212,57 Policies
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

    Benefits of SBI Life Term Insurance

    SBI Life Term Insurance plans are trusted by more than 4 million customers. There are many reasons why customers consider SBI Life Insurance as one of the best life insurance companies in India. Read on to find out the benefits of purchasing term insurance plans from SBI Life.

    • Affordable Products:

    SBI Life Term Plans are available at affordable premiums. You can secure the future of your loved ones financially without disturbing your existing financial needs and goals. Additionally, SBI Life offers numerous term insurance plans. You can compare different plans and buy the one that provides maximum coverage at an affordable premium.

    • Easy To Purchase:

    SBI Life Insurance allows policyholders to purchase term insurance plans online with ease. Anyone who wants to secure the future of their loved ones can either visit the official website of InsuranceDekho or SBI Life to compare different term plans and buy the best one online.

    • Extensive Coverage:

    The policyholders of SBI Life Insurance enjoy extensive protection and peace of mind during unfortunate events. This means you can enhance the coverage of your SBI Life Term Insurance Plan by purchasing riders. You may have to pay an additional premium to include riders with your standard term insurance plan.

    • Unique Plans:

    SBI Life Term Plans are unique and designed specially to meet the unique needs of individuals. For instance, SBI Life Arogya Shield Plan provide both health and life coverage under a single plan. Therefore, the policyholders can claim their policy in case of medical emergencies.

    • Claim Settlement Ratio:

    The claim settlement ratio is the ratio of total claims settled in a particular financial year. SBI Life Insurance has a claim settlement ratio of 97.5%, making it one of the best insurance companies in India.

    SBI Term Insurance User Reviews

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    What users are saying
    • All
    • The team of InsuranceDekho provided instant solutions to all the queries I had while I was buying the SBI Life...

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      By Dilip Rathi
      On: Jun 06, 2023
    • InsuranceDekho has many plans which are very budget-friendly. My purchasing experience was smooth and convenie...

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      By Saransh Pingle
      On: Jun 01, 2023
    • I am glad that InsuranceDekho had a detailed list of the top insurance companies along with the best plans off...

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      By Abhishek Ahluwalia
      On: May 30, 2023
    • Easy to buy a health insurance policy from the online platform of InsuranceDekho. My purchase of the SBI Life ...

      Read More
      By Sahil Nagpal
      On: May 26, 2023
    • When I bought the SBI Life Term Insurance Policy from the InsuranceDekho website for myself, there was minimal...

      Read More
      By Priya Kumari
      On: May 23, 2023
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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

    SBI Life Term Insurance Contact Details

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    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.

    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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