SBI Term Insurance User Reviews
Claim Settlement Ratio | 93.09% |
Customer Care | 9:00 AM to 9:00 PM |
Death Benefit Paid For | 212,57 Policies |
Inception | 2001 |
Presence | 825 offices |
Total Death Benefit Paid | 810.71 Crore |
Term Life Insurance Premium Calculator
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Choose required coverage to secure your family’s future
Best SBI Term Insurance Plans
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.7%
- Revised Zero Cost Benefit
- Terminal Illness
- Cover Continuance Benefit
- Insta-Payment on Claim Intimation
- Nominee's Choice payout
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.2%
- Waiver of Premium on Disability
- Terminal Illness
- Life Stage Benefit
- Special Exit Benefit
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.4%
- Terminal illness
- Special Exit - Option to get your premiums back
- Renewability Option
Excellent term plan
I have recently purchased the Smart Shield Plan by SBI. Must say that this term policy is ideal as per my needs. Also, I am thankful to InsuranceDekho for helping me with the policy issuance.
Policies are within price range
I wanted a term insurance policy within a tight budget. Being recommended by a friend I came to InsuranceDekho and curated my quotes giving basic information like my age, health and lifestyle. I compared those quotes and found SBI Life Saral Jeevan Bima plan within a reasonable price range.
No hidden costs
On InsuranceDekho I calculated the premium of SBI Life Saral Swadhan plan and got directed to the payment portal. I chose the mode of payment and the payable amount and realised that the website does not encourage hidden costs. I paid the exact amount shown on the screen.
Policy within budget
When I was thinking about investing in a term insurance plan, I wanted a budget-friendly policy. I came across InsuranceDekho and found policies within a broad budget range. I compared and bought SBI Life eShield plan.
Got a suitable rider
I purchased the SBI Life Term Insurance Plan from InsuranceDekho a year ago and I wanted to modify my term plan to increase the coverage of my term plan so I visited InsuranceDekho to know about the different riders available under this plan. From the information on the website, I chose Accelerated Critical Illness Ride.
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Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.
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Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
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- 80 Lacs+ happy customers
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FAQs
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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.
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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.
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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.
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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.