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SBI Life Term Insurance Premium Calculator

14 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

SBI Term Insurance Mediclaim Policy Premium Calculator

SBI Life Term Insurance premium calculator is a tool to help you calculate the monthly premium in order to get the appropriate sum assured amount. This calculator is extremely helpful and simple when you are buying an SBI Life Term policy. SBI Life Insurance offers a wide range of term insurance plans with varying sum assured levels. SBI Life Term insurance premium calculator allows you to adjust the sum assured you would want your loved ones to receive after your demise.

Steps To Use SBI Term Insurance Premium Calculator

The calculation of SBI Life Term Insurance plans premiums is easy and hassle-free with the online premium calculator available on our website.The following steps can be used to use InsuranceDekho’s SBI Life Term Insurance Premium calculator:

Step 1: Visit the InsuranceDekho website and select the Premium Calculator on the SBI Life Term Insurance page.

Step 2: Then a new page will appear where you have to fill your general details in the SBI Life Term Insurance Premium calculator like Age, Gender, Cover up to and Life Cover

Step 3: After entering up these details in the Premium Calculator, the appropriate premium amount would be calculated.

Step 4: You can change or modify the calculated premium by changing the variables above mentioned.

Step 5: You can pay the premium and buy the policy directly.

Benefits of SBI Term Insurance Premium Calculator

Here are some of the benefits of using the SBI Life Term Insurance premium calculator:

  • Free cost: SBI Life Term insurance premium calculator is quite easy to use and free of cost.
  • Comparison of Various Term Plans in One Place: SBI Life insurance offers various term plans suiting the different needs of their customers. By using the SBI Life Term insurance premium calculator you can compare different plans features and benefits and select a convenient plan for yourself.
  • Time-Saving and Hassle-Free: When you compare your SBI Life Term insurance plans in a premium calculator, you don’t need to submit any documents. You get a quote within a short time and then you can make a decision whether to buy or not.
  • Right Premium Amount: The prime objective of the SBI life term insurance calculator is to get the right amount of premium for your term insurance plan. The knowledge of the premium amount under different plans can help you compare and choose the best-priced term insurance plan for your suitable needs.
  • Cost-Effective: By using a SBI Life Term insurance premium plan calculator, you can opt for the highest possible life cover amount that suits your requirements. You can also opt for Additional Benefits at the best possible rate of premium.

Term Life Insurance Premium Calculator


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  • Female

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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

SBI Life Term Insurance Plan List

    Name of PlanSum Assured
    eShield20 lac - 10 cr Get Quotes Now

    SBI Term Insurance User Reviews

    Write your review
    What users are saying
    • All
    • Knowledgeable team

        The entire team of InuranceDekho is very updated and has immense knowledge about the plans and their b...

      Read More
      By Lakshya Naidu
      On: Mar 24, 2023
    • Price comparison

        It is very easy to compare term insurance plans on InsuranceDekho’s website using the online ter...

      Read More
      By Satesh Tandon
      On: Mar 22, 2023
    • User-friendly website

        The InsuranceDekho website is smooth and user-friendly I could easily look for the SBI Life Term Insur...

      Read More
      By Tabish Mohammed
      On: Mar 17, 2023
    • Thorough explanation of the pl...

        InsuranceDekho has detailed information about each plan. I was looking for a good term insurance plan ...

      Read More
      By Rakhi Bakshi
      On: Mar 15, 2023
    • Variety of plans

      There are many plans available on the InsuranceDekho website. I chose the SBI Term plan out of all the availab...

      Read More
      By Rhythm Singhal
      On: Jan 12, 2023
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    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.

    SBI Life Term Insurance Premium Calculator FAQs

    • 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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