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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

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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

  • 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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