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SBI Term Insurance Claim Settlement
Highlights
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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- Female
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Choose required coverage to secure your family’s future
50L
1Cr
1.5Cr
2Cr
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification
Best SBI Term Insurance Plans
1 Crore
2 Crore
Smart Total Elite Protection - Base
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.7%
Starting From ₹ 688/Month
Key Features:
- Revised Zero Cost Benefit
- Terminal Illness
- Cover Continuance Benefit
- Insta-Payment on Claim Intimation
- Nominee's Choice payout
IProtect Smart
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.2%
Starting From ₹ 730/Month
24hr Claim Settlement
Key Features:
- Waiver of Premium on Disability
- Terminal Illness
- Life Stage Benefit
- Special Exit Benefit
HDFC C2PS Life
- LIFE COVERTax Free₹1 Cr
- CLAIMS SETTLED ₹99.4%
Starting From ₹ 771/Month
24hr Claim Settlement
Key Features:
- Terminal illness
- Special Exit - Option to get your premiums back
- Renewability Option
Claim Settlement of SBI Term Insurance
SBI Life Term insurance plans come with a simple and quick claim settlement process. SBI Life insurance company allows you to settle a claim both online and offline. SBI Life Insurance makes every effort to ensure that you receive the claim amount that you or your family are entitled to, comfortably and easily. It featured an impressive claim settlement ratio of 94.52% in FY 2019-20.
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Documents Required
Documents Required To Make SBI Term Insurance Claim
The documents which are required at the time of settling a term insurance claim with SBI Life Insurance-
For Death Claim: The following documents are required to intimate SBI Life Term insurance claim:
- Claim Form
- Original Policy Document
- Original or Attested Death Certificate (issued by the local authority)
- Claimant’s current address proof
- Claimant’s photo ID proof
- Claimant’s bank statement or Cancelled Cheque with printed Name and printed Bank account number
Other Additional Documents: The following documents are required to intimate a claim for a natural death or an accidental/unnatural death:
- Medical certificate
- Hospital treatment certificate
- Employer’s certificate (for salaried individuals)
- Copy of Panchnama Report/FIR/Post Mortem Report
- Copy of Inquest Report/Police Final Report.
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
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