SBI Term Insurance User Reviews
Claim Settlement Ratio | 93.09% |
Customer Care | 9:00 AM to 9:00 PM |
Death Benefit Paid For | 212,57 Policies |
Inception | 2001 |
Presence | 825 offices |
Total Death Benefit Paid | 810.71 Crore |
Term Life Insurance Premium Calculator
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- Female
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Choose required coverage to secure your family’s future
Best SBI Term Insurance Plans

- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.51%
Special Exit
Terminal Illness
Nominee's Choice payout
Voluntary Top Up
Tax Benefits

- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹97.84%
Waiver of Premium on Disability
Terminal Illness
Life Stage Benefit
Tax Benefits
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.
Read MoreOutstanding 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.
Read MoreRegular 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.
Read MoreMust-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.
Read MoreSmooth 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.
Read MorePurchased 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.
Read MoreSecure 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.
Read MoreEasy 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.
Read MoreCompetitive 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.
Read MorePlan 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.
Read More
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Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.
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FAQ About SBI Term Insurance
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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.
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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.
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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.
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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.
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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.