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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

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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
2 Crore
2.5 Crore
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.51%
Starting From ₹ 682/Month
Claim Settlement
Key Features:
  • Right Green Tick Zero Cost Benefit
  • Right Green Tick Terminal Illness
  • Right Green Tick Nominee's Choice payout
  • Right Green Tick Voluntary Top Up
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹95.28%
Starting From ₹ 812/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Waiver of Premium on Disability
  • Right Green Tick Terminal Illness
  • Right Green Tick Life Stage Benefit
  • Right Green Tick Special Exit Benefit
  • LIFE COVER
    Tax Free
     ₹1 Cr
  • CLAIMS SETTLED ₹99.39%
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
See More Plans
Rating of SBI
4.8
Based on
55 User reviews

  • 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

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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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