Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin

SBI Life Term Insurance Claim Settlement

32 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


  • Male
  • Female

Date of Birth


Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

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

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

    Step 2: Document Submission

    After reporting your claim, the mandated documents are to be submitted via sending the SBI life insurance email at 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 -

    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

    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.

SBI Term Insurance User Reviews

Write your review
What users are saying
  • All
  • InsuranceDekho has many plans which are very budget-friendly. My purchasing experience was smooth and convenie...

    Read More
    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...

    Read More
    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
  • I would recommend others to buy the SBI Life Term Insurance Policy from InsuranceDekho as the plan offers guar...

    Read More
    By Ikris Bawa
    On: May 19, 2023
Must BuyMust Buy

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

Reach us for help anytime

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.
Find the right term insurance for you
By clicking, I agree to *terms & conditions  and privacy policy.