SBI Life Insurance

SBI Life Insurance

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SBI Life Insurance Company Limited

SBI Life is one of the leading Life Insurance companies in India. It is a joint venture between India’s largest bank State Bank of India and the leading global insurance company BNP Paribas Cardif. This joint mission has excelled in presenting insurance and investment solutions all across the country and offers more than one product in the classes inclusive of life insurance, pension, child plans, investments and financial savings. The sheer variety of disposal blended with the great reach of SBI makes the corporation a formidable force in the insurance industry.

They provide secure and helpful solutions that can meet upcoming expenses easily. It prepares you to face unwanted situations that can occur in the future.

Why Life Insurance?

Life insurance coverage is the method to ensure that your dependents retain monetary protection even after your retirement, death or in thecase when you could not provide them due to accident/ disability. By means of entering into a fixed tenure agreement with a life coverage company and paying the premium, you safeguard the monetary pastimes of your family. In case you die during the tenure of the policy, your beneficiaries acquire tax-free money payout of a predetermined quantity. Historically, life insurance coverage removes the chance of any uncertainty popping up because of the loss of a breadwinner for the own family. However, with the changing lifestyle, people need a complete cover. An amazing life coverage can provide any or all of the following:

Natural life cover

Saving plans

Financial investment

Retirement planning

Child plan

Human beings today are taking help of their insurance policy for monetary funding making plans for their complete family which includes their unborn youngsters. A variety of coverage products are present in the market to cater to each and every financial requirement of the insured. A few crucial advantages of purchasing life insurance in India at an early age are:

Meet the fixed price

Nearly every family has a few long-term fixed obligation like a domestic loan, education loan or medical loan. You would not like to leave your family harassed with a hefty loan responsibility in case something happens to you. The coverage will help them better to address any incurring costs.

Take benefit of lesser premium

A younger and healthy person will have to pay a smaller premium as compared to an older and unhealthy one. Hence doing away with a long time insurance coverage for say 30 years will assist you to save considerably. Except, the benefit is that in case you do develop some health issues later in life, your coverage will assist you to address the financial ramifications of it.

Safety for dependents

Death is unavoidable, but the pain of the loss may be notably decreased if the surviving members have a monetary planning to fall back upon. Your demise should not be the reason for your family to scale back your child's education needs, medical aid as they cannot come up with the money for bearing the costs. The peace of mind you get from knowing that your family will always stay in peace is the largest reward of investing in life coverage.

Low priced life insurance

For people who cannot afford to take different varieties of insurance for special desires like medical insurance, home coverage and so forth, taking a low-cost life insurance is a better choice. Your insurance policy will help you meet with any clinical costs because of terminal contamination.

Meet immediate financial wishes

Considering that life insurance benefits can be accessed at once, they could help you pay funeral costs and property agreement expenses.

Stay independent all your life

The wish to live a dignified life and no longer dependent on others can be fulfilled with a life insurance plan.

Whichever life insurance coverage you choose, make sure to understand all the phrases and conditions of the policy. Additionally, calculate your minimum insurance requirements to ensure that your coverage amount is not insufficient when the actual need arises. Eventually, invest a realistic quantity, do not take out an unreasonable premium policy that can become a massive drain on your monthly earnings.

SBI LIFE Insurance Plans

Online plans

Buy life insurance plans online to keep your family financially secure from unforeseen circumstances.

SBI Life – Poorna Suraksha

SBI Life – Poorna Suraksha Plan is an auto-rebalance life and critical illness cover for extra effective protection. A lump sum payout providing financial support in case of diagnosis of any of the covered 36 critical illnesses and waiver of all future premiums.

SBI Life – Sampoorn Cancer Suraksha

SBI Life - Sampoorn Cancer Suraksha is designed to defeat Cancer financially. Claim payouts are independent of the nature/ amount of expenses incurred.

SBI Life - eWealth Insurance

SBI Life - eWealth Insurance, helps you grow your wealth. Avail twin benefits of market-linked returns on your invested money and the security of life cover.

SBI Life - eShield

SBI Life – eShield offers you the advantage of an easy and seamless online process of obtaining a life insurance.

SBI Life - eIncome Shield

SBI Life – eIncome Shield, is a pure term, income protection plan that provides the security of regular monthly income for your dependents. The plan also factors in the need for anincrease in income benefit as living expenses rise.

SBI Life – Annuity Plus

With SBI Life– Annuity Plus, you receive a comprehensive range of annuity options on just a single premium payment. Thus, you are assured of regular annuity/pension for the rest of your life.

Savings plan

Savings Insurance Plan allows you to enjoy the benefits of long-term savings and helps you to save money.

SBI Life – Shubh Nivesh

SBI Life – Shubh Nivesh, a with-profits endowment assurance plan, provides insurance cover, savings,and income under a single plan.

SBI Life – Smart Bachat

This plan assists you to safeguard your family's future and meet your investment needs wisely with simple reversionary bonuses throughout the policy term.

SBI Life – Flexi Smart Plus

SBI Life – Flexi Smart Plus allows you to modify your insurance plan according to your ever-changing needs. It also offers regular bonus interest to help your savings grow.

SBI Life – CSC Saral Sanchay

It offers twin benefits of savings andinsurance coverto protect your family financially in case of an eventuality. You can make partial withdrawals from 6th policy year.

SBI Life – Smart Women Advantage

With SBI Life – Smart Women Advantage avail triple benefits of life cover, savings and Critical Illness (CI) benefit under a single, women-centric plan. With this three-fold advantage, spread your wings and soar high.

SBI Life – Smart Guaranteed Savings Plan

SBI Life - Smart Guaranteed Savings Plan provides protection cover to your family in case of an unfortunate event and also rewards your saving habit with assured additions.

SBI Life – Smart Humsafar

SBI Life - Smart Humsafar, a unique life insurance with asavingsplan. Avail of the twin benefits of savings and insurance cover under a single policy for both you and your spouse.

Protection plan

Term plans or protection plans are typically affordable insurance plans that provide full protection and financial stability to your loved ones in case of any unforeseen events

SBI Life – Poorna Suraksha

SBI Life – Poorna Suraksha Plan is an auto-rebalance life and critical illness cover for extra effective protection. A lump sum payout providing financial support in case of diagnosis of any of the covered 36 critical illnesses and waiver of all future premiums.

SBI Life – Sampoorn Cancer Suraksha

SBI Life - Sampoorn Cancer Suraksha is designed to defeat cancer financially. Claim payouts are independent of the nature/ amount of expenses incurred.

SBI Life - Smart Shield

A traditional non-participating pure term life insurance plan. It will protect your family's financial future against an eventuality. It is a pure term plan that offers two options – Level Term Assurance and Increasing Term Assurance. Offer comprehensive coverage at an affordable cost with three rider options.

SBI Life - Saral Shield

It can create a safety cover to safeguard your family's dream and future. This pure term plan offers you affordability and simplicity in your bid to provide financial protection to your family.

SBI Life – Saral Swadhan+

This plan offers fixed life cover throughout the term along with maturity benefits.Maturity benefits of 100% or 115% of the premium paid, based on the policy term.

SBI Life – Smart Swadhan Plus

It offers guaranteed thereturn of premiums and assurance of protecting your family in case of in-force policies. The option of regular, limited or single premiums and to choose policy term.

SBI Life - Grameen Bima

SBI Life – Grameen Bima is a pure term, a micro-insurance plan that helps you provide financial security for your family at reasonable costs. It offers Life cover with one-time premium payment.

SBI Life – eShield

SBI Life - eShield offers a plethora of benefits at an affordable premium. Four plan options, namely Level Cover, Level Cover with Accidental Death Benefit, Increasing Cover and Increasing Cover with Accidental Death Benefit.

SBI Life - eIncome Shield

SBI Life – eIncome Shield, is a pure term, income protection plan that provides the security of regular monthly income for your dependents. The plan also factors in the need for an increase in income benefit as living expenses rise.

Wealth creation

Wealth Insurance plan offers the right balance between investment & wealth accumulation to secure your family and fulfill your future goals.

SBI Life Smart Wealth Builder

With SBI Life – Smart Wealth Builder, avail the benefit of enhanced investment opportunity by investing in one or many investment funds. It offers liquidity through partial withdrawals from 6th policy year or 18 years of age.

SBI life Smart Wealth Assure

It helps you to enjoy market-linked returns along with insurance coverage, with only a one-time premium. Take advantage of affordability – with a one-time premium payment for long-term benefits.

SBI life Smart Power Insurance

This plan assists in wealth creation journey with the help of reasonable premiums. Also, obtain returns in tune with the current investment scenario.

SBI Life Smart Elite

It allows you to maximize your savings through market-linked returns and features that empower you with greater control in managing your investment portfolio.

SBI life Smart Privilege

This plan helps you to grow your wealth by choosing from among 8 funds with unlimited free switches and redirections. Also, enjoy the benefit of insurance coverage as you multiply your investments.

SBI life Saral Maha Anand

It will help you to gain twin benefits of market-linked returns and security of life insurance coverage for your family. With reasonable premiums and no medical examination.

SBI life eWealth Insurance

Avail twin benefits of market-linked returns on your invested money and the security of life cover. It comes out with the security to cover your family's needs in case of an eventuality.

Pension plans

A pension is a fund into which a sum of money is added during an employee's employment years, and from which payments are drawn to support the person's retirement from work in the form of periodic payments.

SBI life - Saral Pension

It is a Pension Product. Benefits by way of surrender, complete withdrawal or maturity/vesting will be there in the form of annuities except to the extent of commutation of such benefits as allowed under the Income Tax Rules.

SBI life - Retire smart

The Linked Insurance products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of thefifth year.

SBI life - Annuity Plus

A traditional, non-participating immediate annuity plan. Under the same, you receive a comprehensive range of annuity options on just a single premium payment. Thus, you are assured of regular annuity/pension for the rest of your life.

Child plan

Child plans are insurance cum investment plans that help an individual create a corpus for children's future, over a period of time (policy term).

SBI Life – Smart Champ Insurance

SBI Life - Smart Champ Insurance, a traditional participating child insurance plan, helps in securing your child's educational needs.

SBI Life – Smart Scholar

Avail twin benefits of market-linked returns on your invested money and the security of life cover for your children with SBI Life - Smart Scholar.

Moneyback/Income plans

SBI offers premier money back plans with flexible premium options which give assured cash back options of your choice to secure your future.

SBI Life – Smart Money Back Gold

Smart Money Back Gold, a participating traditional money back insurance plan, and avail twin benefits of life cover as well as periodic income to meet your financial requirements at crucial points in life.

SBI Life – Smart Money Planner

This plan offers dual benefits of regular income and security for your family under the same plan with SBI Life - Smart Money Planner.

SBI Life – Smart Income Protect

SBI Life - Smart Income Protect, a traditional participating savings plan, offers dual benefits of life cover and regular cash inflow over a period of 15 years.

Claim Assistance

When it comes to claim, you are required to provide complete and detailed information about the same. The claim is something for which you have invested so far. For getting your claim done, you must ensure that the state in which you file your claim is good enough to get assistance. For it, you must read the terms and conditions, inclusions and exclusion as well. The process of filing claim with SBI Life insurance is really very simple. You have to just submit the relevant document along with the claim form. Don’t forget to inform your insurance company asap. SBI Life insurance company have a proven record in settling claim so you can trust it easily.

Documents Required For filing Claim

As we discussed earlier, the claim settlement process is fast and easy. It carries transparency in the entire procedure. You can file your claim whenever the need arises. If you have any query then you can ask the company, it will be happy to serve you with the needful information.

Date and time of accident

Policy Number

Insured Contact Details, etc

Age proof of insured

Contact Address

SBI Life Insurance
Natraj, M.V.Road & Western Express Highway Junction, Andheri (East),Mumbai-400069
Tel : 022-61910011 Fax: 022-56621471

SBI Life Insurance News

Life Insurance Penetration Drops

November 26th : The life insurance penetration in India has fallen down to 3.3 percent of the gross domestic product as compared to previous years. The insurance experts said that the high inflation has stifled the savings and unappealing advantages have further disheartened investors to spend funds in insurance plans. The collections have fallen by

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Thursday November 26, 2015

Life Insurance Premium Income Rises in April- November 2015

In April- November, the life insurance sector has registered a growth of 9 percent in overall annual premium, chiefly because of volatile market conditions. This growth has been registered by large private sector companies. During the period, overall APE- a way to normalize policy premium into the equivalent of usual annual premium- including personal and

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Thursday December 17, 2015

Linking Of Aadhaar With Insurance Policy Is Mandatory, Says IRDA

On Wednesday, 8th Nov 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms.  “The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance

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Monday November 13, 2017

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