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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
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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

  • Knowledgeable team

      The entire team of InuranceDekho is very updated and has immense knowledge about the plans and their benefits. When I contacted the helpline for a plan, the executive listened and recommended the  SBI Life Term Insurance Plan as per my budget. Thank you so much. 

    L
    Lakshya Naidu
    On: Mar 24, 2023

  • Price comparison

      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 SBI Life Term Insurance Plan from InsuranceDekho.

    S
    Satesh Tandon
    On: Mar 22, 2023

  • User-friendly website

      The InsuranceDekho website is smooth and user-friendly I could easily look for the SBI Life Term Insurance plan on their website, and I truly loved the plan. 

    T
    Tabish Mohammed
    On: Mar 17, 2023

  • Thorough explanation of the plans

      InsuranceDekho has detailed information about each plan. I was looking for a good term insurance plan and read about the SBI Life Term Insurance plan. I found it relevant to my needs and finally purchased this plan. 

    R
    Rakhi Bakshi
    On: Mar 15, 2023

  • Variety of plans

    There are many plans available on the InsuranceDekho website. I chose the SBI Term plan out of all the available plans because this plan was meeting all the needs and requirements I was looking for. I love the plan and I am very happy with my purchase. 

    R
    Rhythm Singhal
    On: Jan 12, 2023

  • Detailed information

    The InsuranceDekho website provides detailed information about each plan they provide, and each service they provide. After going through each and every plan, I chose the SBI term plan. I love the plan for all its benefits and features. 

    A
    Amar Singh
    On: Jan 10, 2023

  • Easy purchase

    At the InsuranceDekho website it is very easy to purchase term plans without any worries. The website is informative and you can compare many term plans at once. I was able to purchase SBI Life - Poorna Suraksha plan at an economical price. 

    V
    Varun Nagpal
    On: Jul 27, 2021

  • Superb experience with InsuranceDekho

    I want to review InsuranceDekho company as great! I found the overall services to be superior to the other companies during my SBI Saral Jeevan Bima policy purchase. Highly impressed! 

    K
    Ketan Sanotra
    On: Jul 22, 2021

  • Superior customer service

    I am so grateful to the team of InsuranceDekho for helping me buy the SBI Life Saral Jeevan Bima policy. I was new to insurance and had many questions which the team answered well. 

    V
    Vibhor Anand
    On: Jul 20, 2021

  • Builds customer trust

    InsuranceDekho helps to build customer trust by offering them the best deals and reliable policy information. This is why the website is my go-to place for any kind of policy requirements. I hold SBI Life Smart Swadhan Plus plan. 

    K
    Kirti Purohit
    On: Jul 15, 2021

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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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