SBI Life Term Insurance Claim Settlement
|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|
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Claim Settlement of SBI Life Term Insurance
SBI Life Term insurance plans come with a simple and quick claim settlement process. SBI Life insurance company allows you to settle a claim both online and offline. SBI Life Insurance makes every effort to ensure that you receive the claim amount that you or your family are entitled to, comfortably and easily. It featured an impressive claim settlement ratio of 94.52% in FY 2019-20.
How To Make Claim
How To Make SBI Term Insurance Claim - Online?
Following are the steps to make a claim for SBI Life Term Insurance Policy:
Step 1: Claim Intimation
The first step is to intimate your claim. You can report your claim by visiting the claims and maturity section of the SBI Life Insurance website, you can also intimate your claim by submitting the filled claim form along with the required documents at your nearest SBI Life branch. You can also intimate your claim via email at firstname.lastname@example.org
Step 2: Document Submission
After reporting your claim, the mandated documents are to be submitted via sending the SBI life insurance email at email@example.com. You can submit your documents by visiting your nearest SBI Life branch.
Step 3: Decision and Settlement
All claims will be assessed based on the claim documents that you or your family will submit and the information that the policyholder provided in the proposal form. Once a claim decision is taken, the claim amount will be released as per the terms and conditions of the policy document. For any further help with the claim settlement process, you can mail SBI Life at - firstname.lastname@example.org
How To Make SBI Term Insurance Claim - Offline?
SBI Life Term Insurance plan claims can be lodged by calling their customer care helpline number at 1800 267 9090 or by visiting nearest SBI Life or SBI Bank branch offices.
Documents Required To Make SBI Term Insurance Claim
The documents which are required at the time of settling a term insurance claim with SBI Life Insurance-
For Death Claim: The following documents are required to intimate SBI Life Term insurance claim:
- Claim Form
- Original Policy Document
- Original or Attested Death Certificate (issued by the local authority)
- Claimant’s current address proof
- Claimant’s photo ID proof
- Claimant’s bank statement or Cancelled Cheque with printed Name and printed Bank account number
Other Additional Documents: The following documents are required to intimate a claim for a natural death or an accidental/unnatural death:
- Medical certificate
- Hospital treatment certificate
- Employer’s certificate (for salaried individuals)
- Copy of Panchnama Report/FIR/Post Mortem Report
- Copy of Inquest Report/Police Final Report.
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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
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.