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Why May Getting SBI Life Insurance Make A Difference In Your Life?

In 2016, SBI Life Insurance was awarded as ‘Life Insurance Company of the Year’ and ‘Bancassurance Leader Life Insurance (Large Category)’ at the Indian Insurance Awards.SBI Life offers a range of life insurance products to cater different segments as per their need. SBI life offers both Individual and Group plans.

Interesting Facts about SBI Life Insurance

  • SBI Life has a unique multi-distribution model including bancassurance, retail agency, institutional alliance, etc.
  • Agency Channel, comprising of over 80,000 Insurance Advisors
  • Awarded as ‘Life Insurance Company of the Year’ in 2016.

Features And Benefits of Buying SBI Life Insurance Plans

  • Financial Protection - Provides financial protection to your family.
  • Claims Settlement - About 908 branches across the country provide claim settlement support.
  • Flexibility - Flexible premium and payout options.
  • Online plans - Specifically designed online plans that costs lower
  • Tax advantage - Tax benefits can be claimed under Section 80C and Section 10 (10D) of the Income Tax Act, 1961

Types of SBI Life Plan

SBI Life insurance offers a range of life insurance products with variants to provide financial protection against life’s uncertainties. Plans offered:

  • SBI Life Unit Linked Insurance Plans (ULIP)
  • SBI Life Protection (Term Insurance) Plans
  • SBI Life Savings Plans
  • SBI Life Investment Plans
  • SBI Life Retirement Plans
  • SBI Life Child Plans
  • SBI Life Insurance for a Home loan

Conclusion

SBI Life is one of the top life insurance providers in India. The company is a joint venture between State Bank of India and global insurance company BNP Paribas Cardif. Over the years, the company has introduced a number of insurance plans for the benefit of their customers. The insurer is constantly reinventing itself, providing the latest technology and tools to the customers.

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Disclaimer

This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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