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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

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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

  • Quick process

    The process of buying the SBI Life Term Insurance Policy was extremely quick and easy. In just a few minutes, I was easily able to buy the term plan from InsuranceDekho that too without much help. 

    M
    Mansi Pannu
    On: May 10, 2023

  • Easy-to-fill quote

    At InsuranceDekho, it was easy to fill out a quote. I wanted to buy a reliable health insurance policy at the portal and hence visited the portal. I was able to buy the SBI Life Term Insurance policy within a few minutes with the help of customer care executives at InsuranceDekho. 

    H
    Hunar Jyot
    On: May 05, 2023

  • Efficient customer support

    The best part of buying the SBI Life Term Insurance plan from Insurancedekho was the service. They have a wide variety of plans to choose from. They were very helpful and explained the whole process very logically, helping me go over all the available plans. 

    S
    Sakshi Aneja
    On: Apr 28, 2023

  • The quotes are very easy to fill

    As I wanted to buy insurance, I came across the InsuranceDekho website. I was able to buy the SBI Life Term Insurance Policy within a few minutes as it was very easy to fill in the quotes and got the desired policy immediately. I am quite happy with the services and the plan. 

    S
    Sakshi Jindal
    On: Apr 21, 2023

  • Flexible Policy Tenure Options

    The SBI Life Term Insurance Policy that I bought from the InsuarnceDkho portal allowed me to choose the policy term that best meets my needs and budget. Very happy and satisfied with the policy.

    A
    Avni Joshi
    On: Apr 19, 2023

  • Easy comparisons of the plans

    Comparing plans on the InsuranceDekho website is quite an easy task. I was looking for a good insurance plan, which could provide me with some benefits. I came across the SBI Life Term Insurance Policy. I loved the plan and would recommend others also to buy it.

    R
    Ria Bansal
    On: Apr 13, 2023

  • Effective communication

    I experienced a very satisfying experience when I was buying the SBI Life Term Insurance plan on InsuranceDekho. Whenever I had the slightest doubt about the process, I was easily able to reach out to the team of InsuranceDekho. 

    K
    Kritika Kapoor
    On: Apr 11, 2023

  • Better Benefits

    When I bought the SBI Life Term Insurance policy from the InsuranceDekho website, I found that it has added benefits. You could add any member of the immediate family to that one policy only, there were no unforeseen expenses and direct claim settlement. It was all I needed and highly recommended. 

    R
    Riddima Puri
    On: Apr 07, 2023

  • User-friendly website

    The InsuranceDekho website is handy to use. While buying the SBI Life Term Insurance plan, I could easily look for various features, benefits, and renewal policy information. I am happy that I bought this plan and would recommend this plan to all.  

    R
    Riddhima Gumber
    On: Apr 04, 2023

  • Purchased affordable term plan

    To keep up with the trend I wanted to purchase a term plan. I had read about the SBI Life Term Insurance Plan but I wanted to know more about the term plan and decided to connect with InsuranceDekho’s team to get insights on the term plan. I am very pleased with the services provided by InsuranceDekho. I got an affordable plan with the help of nsuranceDekho’s online premium calculator tool. 

    T
    Tripti Sharma
    On: Mar 29, 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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