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SBI Term Insurance Premium Calculator

54 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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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

Best SBI Term Insurance Plans

1 Crore
1.5 Crore
2 Crore
    Tax Free
    1 Cr
Starting From 707/Month
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
    Tax Free
    1 Cr
Starting From 812/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Special Exit Benefit
    Tax Free
    1 Cr
Starting From 771/Month
24hr Claim Settlement
Key Features:
  • Terminal illness
  • Special Exit - Option to get your premiums back
  • Renewability Option
See More Plans

SBI Life Term Insurance Mediclaim Policy Premium Calculator

The SBI Life Term Insurance premium calculator is a convenient online tool designed to assist you in estimating the premium amount for your term insurance plan. The calculation takes into account various factors such as your age, lifestyle habits, chosen sum assured, and other relevant parameters. Using the SBI term insurance calculator offers several benefits and provides policyholders with a clearer understanding of the premium amount associated with their life term insurance plan.

To learn more about the advantages and the step-by-step process of using the SBI term insurance calculator, continue reading.

Benefits of the SBI Life Term Insurance Calculator

The following are the benefits of using the SBI Term Insurance calculator online:

  • Reliability: A term insurance premium calculator calculates the exact premium amount that you will have to pay for your term plan. By entering the correct information, you receive an exact premium amount tailored to your unique circumstances. This transparent approach ensures that you're well-prepared and eliminates any guesswork.
  • Free of Cost: The fact that the SBI Term Calculator is free to use is another important advantage. Anyone can visit InsuranceDekho's official website and use the term insurance premium calculator online with comfort. This way, financial planning becomes more accessible to all, promoting a more secure society.
  • Simple to Use: It is easy and hassle-free to use the SBI term plan calculator. You can calculate the premium amount you may have to pay for your term insurance even if you have no prior understanding of insurance. Its user-friendly interface welcomes individuals from all walks of life, regardless of their prior understanding of insurance intricacies. This inclusivity empowers everyone to make well-informed decisions regarding their financial future.
  • Make a Wise Decision: Comparing different term insurance plans will allow you to make an informed decision. Therefore, you can use the SBI Term Insurance Premium Calculator to compare different plans online and buy the one that best suits your needs.

How to Use the SBI Term Insurance Premium Calculator?

Here’s the process that you can take to calculate the premium for SBI Term Insurance Plans online:

Step 1: Visit InsuranceDekho's official website.

Step 2: Click on "SBI Term Insurance" in the "Term Insurance Companies" section.

Step 3: The SBI term insurance page will appear on your screen.

Step 4: Enter your information, such as your birth date, gender, age, and so on. Further, provide policy details like the sum assured and policy tenure.

Step 5: To calculate the premium for your SBI term insurance plan, select the "Calculate Premium" option.

Step 6: All of SBI's Life term plans will be displayed on your screen. InsuranceDekho allows you to compare various plans and purchase online with ease.


In a world full of uncertainties, having a secure future is a crucial responsibility. The SBI Term Insurance Premium Calculator acts as a reliable tool in this journey. It is a trustworthy, free-to-use, and easy-to-understand tool that empowers you to make informed decisions by facilitating useful comparisons. So, instead of just dreaming about a secure future, take proactive steps – calculate, compare, and pave the way for a well-lived life.

SBI Term Insurance User Reviews

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What users are saying
  • All
  • Purchasing a Term insurance plan from InsuranceDekho was very easy and comfortable. My insurance purchasing ex...

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    By Rekha Mishra
    On: Feb 20, 2024
  • During the entire process of buying the SBI term life insurance plan, I got instant updates. As I completed ev...

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    By Vivek Sharma
    On: Dec 20, 2023
  • InsuranceDekho offered flexible premium payment options for my SBI Life Term Insurance- eShield Policy. The ab...

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    By Monty Sahay
    On: Nov 22, 2023
  • I was impressed with the comprehensive coverage options available through InsuranceDekho's SBI Life Term Insur...

    Read More
    By Chetna Adhikari
    On: Sep 27, 2023
  • InsuranceDekho’s customer support team is undoubtedly knowledgeable and they are always ready to assist ...

    Read More
    By Lovely Sharma
    On: Sep 14, 2023
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Why to Buy Term Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 1,50,000*
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  • 66 Lacs+ happy customers

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SBI Term Insurance Contact Details

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Claim Process at SBI 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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SBI 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.

Find the right SBI Term Insurance for you