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SBI Term Insurance User Reviews

51 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

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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. Eligibility depends on income, occupation and educational qualification

Best SBI Term Insurance Plans

1 Crore
1.5 Crore
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.51%
Starting From ₹ 706/Month
24hr Claim Settlement
Key Features:
  • Special Exit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹97.84%
Starting From ₹ 857/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
See More Plans
Rating of SBI
4.7
Based on
51 User reviews

  • 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 More
    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.

    Read More
    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.

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    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.

    Read More
    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.

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    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. 

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    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.

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    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.

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    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.

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    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.

    Read More
    A
    Anmol Yadav
    On: Jul 14, 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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FAQ About SBI Term Insurance

  • 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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