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SBI Term Insurance Premium Calculator

51 reviews Rate This
Claim Settlement Ratio93.09%
Customer Care9:00 AM to 9:00 PM
Death Benefit Paid For212,57 Policies
Presence825 offices
Total Death Benefit Paid810.71 Crore

Term Life Insurance Premium Calculator


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Choose required coverage to secure your family’s future

Disclaimer :
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
    Tax Free
    1 Cr
Starting From 707/Month
24hr Claim Settlement
Key Features:
  • Zero Cost Benefit
  • Terminal Illness
  • Nominee's Choice payout
  • Voluntary Top Up
  • Tax Benefits
    Tax Free
    1 Cr
Starting From 857/Month
24hr Claim Settlement
Key Features:
  • Waiver of Premium on Disability
  • Terminal Illness
  • Life Stage Benefit
  • Tax Benefits
    Tax Free
    1 Cr
Starting From 771/Month
24hr Claim Settlement
Key Features:
  • Tax Benefits
  • Terminal illness
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SBI Life Term Insurance Mediclaim Policy Premium Calculator

SBI Life Term Insurance premium calculator is an online tool that helps you in determining a premium amount you may have to pay against your term insurance plan. A premium amount depends on numerous factors like policyholders' age, lifestyle habits, sum assured chosen, and other factors. Read on to find out more benefits of using the SBI Term Insurance premium calculator along with the process to use it.

Benefits of the SBI Life Term Insurance Calculator

The following are the benefits of using the SBI Term Insurance calculator online:

  • Reliability: A term insurance premium calculator calculates the exact premium amount that you will have to pay for your term plan. By feeding in the correct information, you receive an exact premium amount tailored to your unique circumstances. This transparent approach ensures that you're well-prepared and eliminates any guesswork.
  • Free of Cost: The fact that the SBI Term Calculator is free to use is another important advantage. Anyone can visit InsuranceDekho's official website and use the term insurance premium calculator online with comfort. Financial planning becomes more accessible to all, promoting a more secure society.
  • Simple to Use: Anyone can use the SBI term insurance calculator. You can calculate the premium amount you may have to pay for your term insurance even if you have no prior understanding of insurance. Its user-friendly interface welcomes individuals from all walks of life, regardless of their prior understanding of insurance intricacies. This inclusivity empowers everyone to make well-informed decisions regarding their financial future.
  • Make a Wise Decision: Comparing different term insurance plans will allow you to make an informed decision. Therefore, you can use the SBI Term Insurance Premium Calculator to compare different plans online and buy the one that best suits your needs.

How to Use SBI Life Term Insurance Premium Calculator?

Here’s the process that you can take to calculate the premium for SBI Term Insurance Plans online:

  • Visit InsuranceDekho's official website.
  • Click on "SBI Life Insurance" in the "life insurance companies" section.
  • The SBI term insurance page will appear on your screen.
  • Enter your information, such as your birth date, gender, age, and so on. Further, provide policy details like the sum assured and policy tenure.
  • To calculate the premium for your SBI term insurance plan, select the "calculate premium" option.
  • All of SBI's Life term plans will be displayed on your screen. InsuranceDekho allows you to compare various plans and purchase online with ease.


In a world characterised by uncertainty, securing your future is a responsibility that cannot be taken lightly. The SBI Life Term Insurance Premium Calculator serves as your trusty ally in this endeavour. With its reliability, cost-free accessibility, simplicity, and empowering comparison capabilities, it guides you towards a well-informed decision-making process. By leveraging this tool, you embark on a journey of financial security and peace of mind, ensuring that your loved ones are shielded from the unknown twists and turns of life. Don't merely dream of a secure future – take action, calculate, compare, and pave the way for a life well-lived.

SBI Term Insurance User Reviews

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What users are saying
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  • I was impressed with the comprehensive coverage options available through InsuranceDekho's SBI Life Term Insur...

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    By Chetna Adhikari
    On: Sep 27, 2023
  • InsuranceDekho’s customer support team is undoubtedly knowledgeable and they are always ready to assist ...

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    By Lovely Sharma
    On: Sep 14, 2023
  • InsuranceDekho keeps policyholders informed with regular updates on policy performance and account statements....

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    By Badal Bahadur
    On: Sep 11, 2023
  • I wanted to purchase a good-term insurance plan without exceeding my set budget. While looking for one I lande...

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    By Nitu Srivastav
    On: Sep 01, 2023
  • It is very easy to compare term insurance plans on InsuranceDekho’s website using the online term insura...

    Read More
    By Poonam Arora
    On: Aug 28, 2023
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Why to Buy Term Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 1,50,000*
  • Claim support everyday 10AM-7PM
  • 50 Lacs+ happy customers

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SBI Term Insurance Contact Details

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Claim Process at SBI Term Insurance

  • 1

    Claim Intimation

    In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
  • 2

    Submission of Documents

    Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
  • 3

    Claim Evaluation

    Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.

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SBI Term Insurance Premium Calculator FAQs

  • 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.

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