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SBI Term Insurance User Reviews

55 reviews Rate This
SBI Term Insurance
Highlights
Claim Settlement Ratio93.09%
Customer Care9:00 AM to 9:00 PM
Death Benefit Paid For212,57 Policies
Inception2001
Presence825 offices
Total Death Benefit Paid810.71 Crore

Term Life Insurance Premium Calculator

Gender

  • Male
  • Female

Age

Do you smoke or chew tobacco?

  • Yes
  • No

Choose required coverage to secure your family’s future

50L
1Cr
1.5Cr
2Cr
Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Final Plan Eligibility will depend on some other factors including tobacco habits, education, occupation and income of the life assured / proposer

Best SBI Term Insurance Plans

1 Crore
1.5 Crore
2 Crore
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.4%
Starting From ₹ 771/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Terminal illness
  • Right Green Tick Special Exit - Option to get your premiums back
  • Right Green Tick Renewability Option
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.4%
Starting From ₹ 1398/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Special Exit Benefit
  • Right Green Tick Terminal illness
  • Right Green Tick Accidental Death
See More Plans
Rating of SBI
4.8
Based on
55 User reviews

  • A Delightful Experience

    I recently had the pleasure of purchasing the SBI Term Insurance plan from InsuranceDekho, and the efficiency of their service truly impressed me. From submitting my application to receiving the policy document, everything was handled with great speed. Highly Recommended!!

    A
    Anshul Mishra
    On: Feb 28, 2024

  • Quick Process

    Purchasing a Term insurance plan from InsuranceDekho was very easy and comfortable. My insurance purchasing experience is excellent with the company. I liked the dedication of the customer care team, they resolved all my queries quickly. Thanks to the counselors for suggesting the SBI Term Insurance.

    R
    Rekha Mishra
    On: Feb 20, 2024

  • Instant Updates

    During the entire process of buying the SBI term life insurance plan, I got instant updates. As I completed every step, I was notified about that quickly. I even got updates about the successful buying of the SBI term life insurance plan on my email ID.

    V
    Vivek Sharma
    On: Dec 20, 2023

  • Flexible Premium Payment Options

    InsuranceDekho offered flexible premium payment options for my SBI Life Term Insurance- eShield Policy. The ability to choose a payment plan that aligned with my financial preferences added a layer of convenience.

    M
    Monty Sahay
    On: Nov 22, 2023

  • Comprehensive Coverage

    I was impressed with the comprehensive coverage options available through InsuranceDekho's SBI Life Term Insurance Policy. It truly covers all aspects of life.

    C
    Chetna Adhikari
    On: Sep 27, 2023

  • Outstanding Customer Support

    InsuranceDekho’s customer support team is undoubtedly knowledgeable and they are always ready to assist with any questions or concerns I have with my SBI Life Term Insurance Policy. A happy client indeed and would definitely recommend the platform and the policy to everyone.

    L
    Lovely Sharma
    On: Sep 14, 2023

  • Regular Policy Updates

    InsuranceDekho keeps policyholders informed with regular updates on policy performance and account statements. I got regular updates on my SBI Life Term Insurance Policy. This level of transparency helps me stay up-to-date with my coverage.

    B
    Badal Bahadur
    On: Sep 11, 2023

  • Must-buy plan

    I wanted to purchase a good-term insurance plan without exceeding my set budget. While looking for one I landed on InsuranceDekho’s website. Here I was able to find several term insurance plans that fit my budget and provided me with good coverage. I used the online premium calculator tool to compare some term plans and finally purchased the SBI Life Term Insurance Policy.

    N
    Nitu Srivastav
    On: Sep 01, 2023

  • Smooth comparisons

    It is very easy to compare term insurance plans on InsuranceDekho’s website using the online term insurance premium calculator tool. I compared and selected the SBI Life Term Insurance Policy plan from InsuranceDekho.

    P
    Poonam Arora
    On: Aug 28, 2023

  • Purchased a good term plan

    I was able to compare several term plans according to my requirements and budget using the online term insurance premium calculator. Comparing term plans was quite easy at InsuranceDekho. I purchased the SBI Life Term Insurance Policy as it fulfilled my requirements under my budget. 

    R
    Ravi Patel
    On: Aug 24, 2023

  • Secure payments

    While purchasing SBI Life Term Insurance Policy I was a little skeptical about entering my card details on the website but I was highly impressed by the different payment gateway options available that assured me that the payment is completely secure.

    R
    Rachna Sharma
    On: Aug 09, 2023

  • Easy Conversion Options

    While going through the website, I learned that InsuranceDekho allows easy conversion of existing policies to different plans or higher coverage, ensuring that my insurance needs are met as my life evolves. I now know that in the future if I want to change my existing SBI Life Term Insurance Policy, I can easily do the same without any hassles.

    R
    Ravi Kathuria
    On: Jul 21, 2023

  • Competitive Premium Rates

    I was pleasantly surprised by the competitive premium rates offered by InsuranceDekho for their term insurance policies. It allowed me to get substantial coverage at an affordable price for my SBI Life Term Insurance Policy, making it a great value for money.

    A
    Anant Goyal
    On: Jul 18, 2023

  • Plan that is advantageous

    SBI Life Term Insurance Policy is an excellent option. The plan includes all of the necessary benefits and features. This is a strategy I would recommend to anyone. It is a smart plan.

    A
    Anmol Yadav
    On: Jul 14, 2023

  • Affordable List Of Health Plans

    InsuranceDekho is the best place to buy affordable term plans that would squeeze in your pockets conveniently. I was looking for a term plan and inquired with InsuranceDekho. Their expert team contacted me within a few hours and advised me the best plan available as per my requirements. After considering all the options, I bought the SBI Life Term Insurance Policy.  Kudos to the marvelous efforts of the team. 

    N
    Naina Das
    On: Jul 11, 2023

  • Impressive Insurance Company

    Delighted to buy a term insurance plan from InsuranceDekho. I bought SBI Life Term Insurance Policy from the website of the company. Thanks to the company for helping me in buying the best insurance plan to safeguard me and my family. I would advise InsuranceDekho to all as you can compare, pick, and buy any plan within a few minutes. 

    M
    Mahi Singh
    On: Jul 06, 2023

  • Chatbox feature

    While purchasing the SBI Life Term Insurance Policy from InsuranceDekho, I came upon this amazing chatbox feature that made my search more easy and comfortable. All my queries were solved in an easy way and on a priority basis. I was very happy with the website.

    U
    Unnati Bisht
    On: Jul 04, 2023

  • Best insurance companies listed

    The InsuranceDekho website has a list of top insurance companies that helps one to choose the best one. After viewing all of them, I decided to go with the SBI Life Term Insurance Policy. The plan has all the necessary features and benefits that one expects from a good term cover. Happy with the purchase. 

    N
    Nirbhay Menon
    On: Jun 29, 2023

  • Multiple payment modes

    While buying the SBI Life Term Insurance Policy from InsuranceDekho, I was provided multiple payment options. So, I picked a preferred payment option. Overall, it was extremely hassle-free to buy the plan from InsuranceDekho.

    A
    Amal Jose
    On: Jun 27, 2023

  • The plan offers good coverage

    I always wanted to buy a term plan that could offer good coverage. So, when I checked the coverage benefits of the SBI Life Term Insurance Policy on InsuranceDekho, I instantly found it satisfying and thus I bought it. 

    H
    Harsh Mahek
    On: Jun 22, 2023

  • I got friendly reminders

    The team of InsuranceDekho ensured that even after so many years of the purchase, they will keep me updated about the policy renewal date. They provided me with friendly reminders about the SBI Life Term Insurance Policy so that I could always renew the policy always on time.

    J
    Jiya Sagal
    On: Jun 13, 2023

  • Was able to buy the plan on my own

    There was no involvement of a third party when I was buying the SBI Life Term Insurance Policy from InsuranceDekho. Without the involvement of any agent, I was able to complete all the required steps by myself. 

    S
    Samar Haldar
    On: Jun 08, 2023

  • Instant resolution of queries

    The team of InsuranceDekho provided instant solutions to all the queries I had while I was buying the SBI Life Term Insurance Policy. They listened to my problem with utmost patience and made sure that it was resolved on priority. 

    D
    Dilip Rathi
    On: Jun 06, 2023

  • Budget-friendly plans

    InsuranceDekho has many plans which are very budget-friendly. My purchasing experience was smooth and convenient. I appreciate the insurance experts for suggesting the SBI Life Term Insurance Policy to me. It was within my budget.

    S
    Saransh Pingle
    On: Jun 01, 2023

  • A list of the top insurance company was available

    I am glad that InsuranceDekho had a detailed list of the top insurance companies along with the best plans offered by them. After doing a detailed comparison, I bought the SBI Life Term Insurance Policy from InsuranceDekho.

    A
    Abhishek Ahluwalia
    On: May 30, 2023

  • Convenient Process

    Easy to buy a health insurance policy from the online platform of InsuranceDekho. My purchase of the SBI Life Term Insurance Policy was comfortable and easy with the company. I learned a lot about term insurance through their knowledgeable website. I am impressed with the plan and would recommend it to everyone. 

    S
    Sahil Nagpal
    On: May 26, 2023

  • No paperwork required

    When I bought the SBI Life Term Insurance Policy from the InsuranceDekho website for myself, there was minimal paperwork required. I had to upload some scanned documents and was good to go. In no time I was able to get the policy. Too good of a process, 

    P
    Priya Kumari
    On: May 23, 2023

  • The plan offers a guaranteed return

    I would recommend others to buy the SBI Life Term Insurance Policy from InsuranceDekho as the plan offers guaranteed returns. At a very affordable price, I was able to enjoy a lot of benefits from the SBI Life Term Insurance Policy.

    I
    Ikris Bawa
    On: May 19, 2023

  • Various knowledgeable resources are available

    The InsuranceDekho website has the availability of varied knowledgeable resources like articles, etc. While buying the SBI Life Term Insurance Policy, I read different articles which were nicely written and had a lot of information to gain from. I got to know a lot of things, which I didn't know before. 

    P
    Peher Chopra
    On: May 17, 2023

  • Renewed my policy in very less time

    I bought the SBI Life Term Insurance Policy a year ago from the InsuranceDekho website. Last week, I wanted to get it renewed. I visited the InsuranceDekho website, and by following some simple steps and with the proper guidance of the team, I got it renewed in very little time. 

    V
    Victor Banerjee
    On: May 12, 2023

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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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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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