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SBI Term Insurance User Reviews

55 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
1.5 Crore
2 Crore
2.5 Crore
    Tax Free
    1 Cr
Starting From 682/Month
Claim Settlement
Key Features:
  • Right Green Tick Zero Cost Benefit
  • Right Green Tick Terminal Illness
  • Right Green Tick Nominee's Choice payout
  • Right Green Tick Voluntary Top Up
    Tax Free
    1 Cr
Starting From 812/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Waiver of Premium on Disability
  • Right Green Tick Terminal Illness
  • Right Green Tick Life Stage Benefit
  • Right Green Tick Special Exit Benefit
    Tax Free
    1 Cr
Starting From 771/Month
Claim Settlement 24hr Claim Settlement
Key Features:
  • Right Green Tick Terminal illness
  • Right Green Tick Special Exit - Option to get your premiums back
  • Right Green Tick Renewability Option
See More Plans
Rating of SBI
Based on
55 User reviews
  • A Delightful Experience

    I recently had the pleasure of purchasing the SBI Term Insurance plan from InsuranceDekho, and the efficiency of their service truly impressed me. From submitting my application to receiving the policy document, everything was handled with great speed. Highly Recommended!!

    Anshul Mishra
    On: Feb 28, 2024
  • Quick Process

    Purchasing a Term insurance plan from InsuranceDekho was very easy and comfortable. My insurance purchasing experience is excellent with the company. I liked the dedication of the customer care team, they resolved all my queries quickly. Thanks to the counselors for suggesting the SBI Term Insurance.

    Rekha Mishra
    On: Feb 20, 2024
  • Instant Updates

    During the entire process of buying the SBI term life insurance plan, I got instant updates. As I completed every step, I was notified about that quickly. I even got updates about the successful buying of the SBI term life insurance plan on my email ID.

    Vivek Sharma
    On: Dec 20, 2023
  • Flexible Premium Payment Options

    InsuranceDekho offered flexible premium payment options for my SBI Life Term Insurance- eShield Policy. The ability to choose a payment plan that aligned with my financial preferences added a layer of convenience.

    Monty Sahay
    On: Nov 22, 2023
  • Comprehensive Coverage

    I was impressed with the comprehensive coverage options available through InsuranceDekho's SBI Life Term Insurance Policy. It truly covers all aspects of life.

    Chetna Adhikari
    On: Sep 27, 2023
  • Outstanding Customer Support

    InsuranceDekho’s customer support team is undoubtedly knowledgeable and they are always ready to assist with any questions or concerns I have with my SBI Life Term Insurance Policy. A happy client indeed and would definitely recommend the platform and the policy to everyone.

    Lovely Sharma
    On: Sep 14, 2023
  • Regular Policy Updates

    InsuranceDekho keeps policyholders informed with regular updates on policy performance and account statements. I got regular updates on my SBI Life Term Insurance Policy. This level of transparency helps me stay up-to-date with my coverage.

    Badal Bahadur
    On: Sep 11, 2023
  • Must-buy plan

    I wanted to purchase a good-term insurance plan without exceeding my set budget. While looking for one I landed on InsuranceDekho’s website. Here I was able to find several term insurance plans that fit my budget and provided me with good coverage. I used the online premium calculator tool to compare some term plans and finally purchased the SBI Life Term Insurance Policy.

    Nitu Srivastav
    On: Sep 01, 2023
  • Smooth comparisons

    It is very easy to compare term insurance plans on InsuranceDekho’s website using the online term insurance premium calculator tool. I compared and selected the SBI Life Term Insurance Policy plan from InsuranceDekho.

    Poonam Arora
    On: Aug 28, 2023
  • Purchased a good term plan

    I was able to compare several term plans according to my requirements and budget using the online term insurance premium calculator. Comparing term plans was quite easy at InsuranceDekho. I purchased the SBI Life Term Insurance Policy as it fulfilled my requirements under my budget. 

    Ravi Patel
    On: Aug 24, 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
  • 80 Lacs+ happy customers

Term Insurance News

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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  • 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.