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.
User Reviews on SBI Term Insurance Alternatives
- Edelweiss Tokio Term Insurance
- ICICI Prudential Term Insurance
- Max Term Insurance
- Canara HSBC Term Insurance
- IndiaFirst Term Insurance
- PNB MetLife Term Insurance
- Bharti AXA Term Insurance
- Kotak Term Insurance
- Exide Term Insurance
- Aditya Birla Sun Term Insurance
- HDFC Term Insurance
- Pramerica Term Insurance
- Aegon Term Insurance
- Reliance Nippon Term Life Insurance
- Aviva Term Insurance
- LIC Term Insurance
- Shriram Term Insurance
- Tata AIA Term Insurance
- Bajaj Allianz Term Insurance
- Ageas Federal Term Insurance
- Star Union Dai-ichi Term Insurance
- Future Generali Term Insurance
Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.
Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 50 Lacs+ happy customers
Term Insurance News
Claim Process at SBI 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 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.