SBI Term Insurance Benefits
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 |
SBI Term Insurance plans are trusted by more than 4 million customers. There are many reasons why customers consider SBI Life Insurance as one of the best life insurance companies in India. Read on to find out the benefits of purchasing term insurance plans from SBI Life.
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Affordable Products:
SBI Life Term Plans are available at affordable premiums. You can secure the future of your loved ones financially without disturbing your existing financial needs and goals. Additionally, SBI Life offers numerous term insurance plans. You can compare different plans and buy the one that provides maximum coverage at an affordable premium.
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Easy To Purchase:
SBI Life Insurance allows policyholders to purchase term insurance plans online with ease. Anyone who wants to secure the future of their loved ones can either visit the official website of InsuranceDekho or SBI Life to compare different term plans and buy the best one online.
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Extensive Coverage:
The policyholders of SBI Life Insurance enjoy extensive protection and peace of mind during unfortunate events. This means you can enhance the coverage of your SBI Life Term Insurance Plan by purchasing riders. You may have to pay an additional premium to include riders with your standard term insurance plan.
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Unique Plans:
SBI Life Term Plans are unique and designed specially to meet the unique needs of individuals. For instance, SBI Life Arogya Shield Plan provide both health and life coverage under a single plan. Therefore, the policyholders can claim their policy in case of medical emergencies.
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Claim Settlement Ratio:
The claim settlement ratio is the ratio of total claims settled in a particular financial year. SBI Life Insurance has a claim settlement ratio of 97.5%, making it one of the best insurance companies in India.
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
Why to Buy Term Insurance Policy Online from InsuranceDekho
- Tax benefit upto 1,50,000*
- Claim support everyday 10AM-7PM
- 80 Lacs+ happy customers
SBI Term Insurance Contact Details
Claim Process at SBI Term Insurance
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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.