SBI User Reviews
|Claim Settlement Ratio||93.09%|
|Customer Care||9:00 AM to 9:00 PM|
|Death Benefit Paid For||212,57 Policies|
|Total Death Benefit Paid||810.71 Crore|
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.
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Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.
Popularly Opted Term Insurance Sum Assured
Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 45 Lacs+ happy customers
Term Insurance News
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SBI Life Term Insurance Contact Details
Insurance Dekho755 1196 989Mon to Sun 10:00 AM to 7:00 PM
SBI Life Term Insurance1800-267-9090Mon to Sun 9:00 AM to 9:00 PM
Claim Process at SBI Life Term Insurance
Claim IntimationIn the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
Submission of DocumentsClaim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
Claim EvaluationOnce the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
Claim SettlementIf claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
FAQ About SBI Life Term Insurance
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.