SBI Life Insurance

Founded in 2001, SBI Life is one of the most trusted life insurance companies in India. It is a joint venture between the leading global insurance company BNP Paribas Cardif and India's largest bank (State Bank of India). This joint mission has excelled in presenting insurance solutions to cater to multiple needs of its customers. The company deals in a wide range of life insurance products that include traditional life insurance plans, child plans, pension plans and savings plans, among others.

Highlights

**Last Updated on 03-02-2021

What Are The Different Types of SBI Life Insurance Plans?

SBI Life Insurance Savings Plans

A saving plan is a form of life insurance plan that comes out with an opportunity to save and accumulate a fund for the future. Below is the list of SBI Life saving plans for better understanding.

1. SBI Life Smart Platina Assure

   It is a non-linked and non-participating life endowment assurance savings product. It offers guaranteed returns with the advantage of paying premiums for a limited tenure.

   Key Features:

   • Financial Protection: The plan offers financial protection to your family in case of your demise.
   • Guaranteed Additions: Under SBI Life- Smart Platina Assure, you will receive guaranteed additions of 5.00% to 5.50% at the end of each policy year.
   • Maturity: The plan will provide a guaranteed sum assured (at the time of maturity) in the form of maturity benefits.

   Eligibility:

   Entry age	18 years to 50 years
   Maturity age	65 years
   Annualized Premium	Rs. 50000 to no limit
   Policy tenure	12 & 15 years

   **Last Updated on 03-02-2021

2. SBI Life Shubh Nivesh

   SBI Life Shubh Nivesh is an individual, non-linked and participating life insurance savings product that offers insurance cover, income & saving under a single insurance plan.

   Key Features:

   • Financial Security: The plan offers complete security to your family and empowers them to achieve their financial goals.
   • Multiple Plan Options: It offers two plan options (endowment option & endowment with whole life option) to cater to different life insurance needs of the policyholder.
   • Additional Basic Sum Assured: Under the endowment with whole life option, the plan offers an additional basic sum assured in case of death of the policyholder (post maturity).

   Eligibility:

   Entry age	Minimum: 18 years Maximum: Endowment Option: Regular Premium: 55 Years Single-Premium: 60 Years Endowment with Whole Life Option: 50 Years (for both regular & single premium)
   Maturity age	65 years
   Minimum sum assured	Rs.75000 (x 1000/-)
   Policy tenure	5 years to 30 years

   **Last Updated on 03-02-2021

   The values may change as per the chosen plan option

3. SBI Life Smart Bachat

   SBI Life Smart Bachat is an individual, non-linked and participating life insurance savings plan with the LPPT option. It provides required financial assistance to your family and loved ones in case of any emergency.

   Key Features:

   • Flexibility: The plan comes out with the flexibility of two different plan options-

     1. Option A: Endowment plan

     2. Option B: Endowment with in-built Accidental Death and Total Permanent Disability (AD & TPD benefit)

   • Maturity: On survival till the end of the policy tenure, the policyholder will be liable to receive the basic sum assured + vested simple reversionary bonuses + terminal bonus (under both plan options).
   • Tax Benefit: By investing in this insurance plan, the insured will be liable to receive tax benefits as per the prevailing tax laws.

   Eligibility:

   Entry age	Minimum: Endowment Option:6 Years Endowment with AD & TPD:18 years Maximum: 50 years
   Maximum maturity age	65 years
   Premium Frequency Loading	Half-Yearly: 51.00% of annualized premium Quarterly: 26.00% of annualized premium Monthly: 8.50% of annualized premium
   Basic sum assured	Rs. 1,00,000 to no limit

   **Last Updated on 03-02-2021

4. SBI Life Smart Humsafar

   SBI Life Smart Humsafar is an individual, non-linked and participating life insurance saving plan. It is a joint life insurance plan under which you can insure yourself and your spouse.

   Key Features:

   • Guaranteed Bonus: The plan offers a guaranteed bonus (for active policies) of 2.50% of the basic sum assured for the initial 3 years.
   • Financial Protection: The plan provides financial protection in case of the death of the policyholder. It also provides a maturity benefit on the survival of one or both assured members at the end of the policy tenure.
   • Additional Riders: Along with the basic cover, the plan allows you to invest in additional riders by paying an additional premium.

   Eligibility:

   Entry age	18 years to 46 years
   Policy tenure	10 years to 30 years
   Maximum maturity age	65 years
   Sum assured	Rs. 1,00,000 to 5,00,00,000

   **Last Updated on 03-02-2021

SBI Life Insurance Protection Plans

Protection plans are the safest way to secure your family's future against different uncertainties of life. Below is the list of all SBI protection plans for your convenience.

1. SBI Life e shield

   SBI Life e shield is an online term insurance plan or pure protection plan that provides a wide range of benefits at an affordable premium.

   Key Features:

   • Benefit Structures: The plan comes out with the two benefit structures - Level Cover Benefit and Increasing Cover Benefit. Accelerated Terminal Illness benefit is also there as an inbuilt benefit for both the structures.
   • No Maturity Benefit: As it is a complete pure protection plan, there will be no maturity benefit at the end of the policy tenure.
   • Medical Second Opinion: The plan offers coverage against medical second opinion if the customer opts for it.

   Eligibility:

   Entry age	Minimum: 18 years Maximum: Level Cover: 65 years Increasing Cover: 60 years
   Maturity age	80 years for Level Cover Benefit 75 years for Increasing Cover Benefit
   Minimum sum assured	Rs. 35,00,000
   Premium payment mode	Yearly, half-yearly, quarterly & monthly

   **Last Updated on 03-02-2021

2. SBI Life Poorna Suraksha

   SBI Life Poorna Suraksha is an individual, non-linked and non-participating life insurance pure risk premium plan that comes out with an inbuilt critical illness cover.

   Key Features:

   • Security: This protection plan offers comprehensive insurance coverage against death and critical illness. Under the same plan, the critical illness cover increases every year but the premium of the plan remains constant.
   • Life insurance cover: In case of demise of the insured during the policy tenure, the plan will provide a sum assured to the nominee.
   • Premium waiver benefit: Once the company accepts a critical illness claim, all the future premiums of the plan are waived off for the rest of the policy term, from the date of diagnosis of the listed critical illnesses.

   Eligibility:

   Entry age	Minimum: 18 years Maximum: 65 years
   Maturity age	Minimum:28 years Maximum: 75 years
   Policy tenure	10, 15, 20, 25, 30 Years
   Premium modes	Yearly/half-yearly/monthly

   **Last Updated on 03-02-2021

3. SBI Life Sampoorn Cancer Suraksha

   SBI Life Sampoorn Cancer Suraksha is a comprehensive cancer insurance plan that comes with a host of features. The plan provides needful support to you and your family to easily go through the difficult times.

   Key Features:

   • Lump-sum pay-out: The plan offers a stage-wise lump sum payout benefit of up to 150% of the sum assured. It will be based on the chosen benefit structure.
   • Comprehensive cancer insurance cover: The plan offers a comprehensive cancer insurance plan that comes out with three benefit structures.
   • Medical second opinion: The plan offers a cover against medical second opinion in case the policyholder needs it.
   • Tax benefits: The plan provides the tax benefits under Section 80C of the Income Tax Act, 1961.

   Eligibility:

   Entry age	Adult- 18 years to 65 years & Child- 6 years to 17 years
   Maturity age	75 years
   Policy tenure	5 years to 30 years
   Premium payment term	Same as the policy term

   **Last Updated on 03-02-2021

4. SBI Life Smart Shield

   SBI Life Smart Shield is a pure term insurance plan which provides complete financial security to your family in case of your demise. It secures your family's financial future against an eventuality.

   Key Features:

   • Plan options: Under the same, you are allowed to choose the desired plan option as per your needs.
   • Death benefit: In case of an unfortunate demise of the policyholder during the plan, the nominee will be liable to receive the benefits, depending on the chosen plan option.
   • Tax benefits: By investing in this insurance plan, you become liable to receive tax benefits/exemptions as per the applicable income tax laws in India.

   Eligibility:

   Entry age	18 years to 60 years
   Maximum Maturity age	80 years
   Policy tenure	5 to 80 years less age at entry
   Minimum sum assured	Rs. 25,00,000

   **Last Updated on 03-02-2021

5. SBI Life Saral Shield

   SBI Life Saral Shield is an individual, non-linked and non-participating life insurance pure risk premium product. The plan provides financial protection to your family.

   Key Features:

   • Benefit structures: The plan provides the choice of three benefit structures. You can choose the desired one as per your needs.
   • Death benefit: The plan offers the death benefit to the nominee in case of your unfortunate demise during the policy tenure.
   • Additional riders: The plan comes out with two additional riders that will help you in enhancing the basic cover by paying an additional nominal premium

   Eligibility:

   Entry age	18 years to 60 years
   Maturity age	65 years
   Basic sum assured	Rs. 7,50,000
   Policy term	5 years to 30 years

   **Last Updated on 03-02-2021

6. SBI Life Smart Swadhan Plus

   SBI Life Smart Swadhan Plus is an individual non-linked and non-participating life insurance savings product that offers a guaranteed return of premiums and assurance of financial protection to your family.

   Key Features:

   • Life insurance cover: The plan offers a life insurance cover to the family of the policyholder during hard times.
   • 100% of the return of premium: In case the survival of the policyholder till the end of the policy tenure, he/she will receive 100% of the total premium paid under the plan.
   • High sum assured rebate: The plan offers a discount of premium rate if customers opt for a higher level of protection.
   • Surrender: You are free to surrender the policy anytime during the policy tenure.

   Eligibility:

   Entry age	18 years to 65 years
   Maturity age	75 years
   Basic sum assured	Rs.5,00,000 to no-limit
   Policy tenure	10 years to 30 years

   **Last Updated on 03-02-2021

7. SBI Life Saral Swadhan +

   SBI Life Saral Swadhan + is an individual, non-linked and non-participating life insurance saving product with the return of premium. The plan helps to meet your family's needs in case of an eventuality.

   Key Features:

   • Maturity benefit: On survival till the end of the policy tenure, the policyholder will be liable to receive maturity benefit. It will be 100% of the total premiums paid or 115% of the total premiums paid (depends on the chosen policy tenure).
   • Death benefit: In case of the demise of the policyholder during the policy tenure, the nominee or the beneficiary will be liable to receive a death benefit.
   • Surrender: You can surrender the policy anytime after completion of the first two consecutive policy years (premiums fully paid).

   Eligibility:

   Entry age	18 years to 55 years
   Maturity age	70 years
   Policy tenure	RegularPremium: 10years LimitedPremium: 15years
   Premium frequency	Annual

   **Last Updated on 03-02-2021

8. SBI Life Grameen Bima

   SBI Life Grameen Bima is an individual, non-linked and non-participating microinsurance life insurance pure risk premium plan that provides financial security to your family at reasonable costs.

   Key Features:

   • Death benefit: In case of the demise of the policyholder during the policy tenure, the plan will provide a death benefit to the nominee.
   • Surrender value: Under this plan, you are free to surrender after the first year of policy cover.
   • Single premium: It is a single premium plan so there is no need to pay the premium again and again.

   Eligibility:

   Entry age	18 years to 50 years
   Policy tenure	5 years
   Minimum sum assured	Rs. 10,000
   Single premium amount	Rs.300 to Rs. 2000

   **Last Updated on 03-02-2021

3. SBI Life Insurance Wealth Creation With Insurance

Such plans offer the dual benefit of insurance and investment. The list of all wealth creation insurance plans by SBI Life is mentioned below.

1. SBI Life eWealth Insurance

   SBI Life eWealth Insurance is a ULIP product that helps you to secure your family and grow your wealth. The plan also provides required financial cover to your family in case of any eventuality.

   Key Features:

   • Two plan options: Under the same, you will get two plan options (Growth and Balanced) to cater to your multiple needs.
   • Partial withdrawals: The plan allows you to make partial withdrawals from the 6th year of the policy.
   • Tax benefits: The plan also assists you with tax benefits under section 80C as well as section 10 (10D) of Income Tax Act, 1961.

   Eligibility:

   Entry age	5 years to 50 years
   Maximum Maturity age	60 years
   Policy tenure	10 years to 30 years
   Premium payment mode	Regular

   **Last Updated on 03-02-2021

2. SBI Life Smart Insure Wealth Plus

   SBI Life Smart Insure Wealth Plus is an individual, unit-linked and non-participating life insurance plan. It ensures your family's protection in the case of an eventuality.

   Key Features:

   • Different investment strategies: The plan comes out with the choice of 3 Investment Strategies to cater to different needs of customers - Trigger Strategy, Auto Asset Allocation Strategy and Smart Choice Strategy.
   • Fund options: The plan offers 9 fund options under the smart choice strategy.
   • Death benefit: In case of the death of the assured life, the plan will provide a death benefit to the nominee.

   Eligibility:

   Entry age	30 days to 55 years
   Maturity age	18 years to 65 years
   Policy term	10,15, 20 and 25 years
   Premium payment term	Same as policy tenure

   **Last Updated on 03-02-2021

3. SBI Life Saral Insure Wealth Plus

   SBI Life Saral Insure Wealth Plus is an individual unit-linked and non-participating life insurance product. It is a monthly savings plan, which helps you to build your savings gradually.

   Key Features:

   • EMI: The plan is available on an easy monthly insurance basis that helps to achieve all your financial goals.
   • Fund options: It comes out with 8 different funds options, where you can invest as per your risk appetite.
   • Monthly withdrawals: The plans offer systematic monthly withdrawal to facilitate regular payouts provided the policy is in force.

   Eligibility:

   Entry age	30 days to 55 years
   Maturity age	18 years to 65 years
   Plan type	Regular premium product
   Premium payment term	Same as the policy term

   **Last Updated on 03-02-2021

4. SBI Life Smart Wealth Builder

   SBI Life Smart Wealth Builder offers comprehensive life coverage and enhanced investment opportunity. The plan also offers guaranteed additions, which are based on the policy tenure.

   Key Features:

   • Guaranteed additions: The plan offers guaranteed additions- 125% of one annual regular premium (depending on the policy term).
   • Enhanced investment: Enhanced investment opportunity with the help of 11 varied funds. It offers flexibility for switching and redirection.
   • Partial withdrawals: The plan allows you to make partial withdrawals from the 6th policy year in case of an emergency.

   Eligibility:

   Entry age	7 years to 55 years
   Maturity age	18 years to 70 years
   Plan type	Regular premium/ limited premium/ single premium
   Premium frequency	Single/annual

   **Last Updated on 03-02-2021

5. SBI Life Smart Wealth Assure

   SBI Life Smart Wealth Assure is an individual unit-linked and non-participating life insurance plan. The plan offers market-linked returns along with the life insurance cover.

   Key Features:

   • Security: This plan comes out with the required financial security for your family against any eventuality.
   • Flexibility: It allows you to choose from 7 different funds to deal with your risk appetite and changing investment requirements.
   • Liquidity: The plan allows you to make partial withdrawals during the policy tenure (from 5th policy year) to deal with any unforeseen expenses.

   Eligibility:

   Entry age	8 years to 60 years
   Maturity age	70 years
   Policy tenure	10 to 30 years
   Premium payment term	Single premium

   **Last Updated on 03-02-2021

6. SBI Life Smart Power Insurance

   SBI Life Smart Power Insurance is a unique plan that allows wealth creation with the help of a reasonable premium.

   Key Features:

   • Two fund & plan options: The plan comes out with different fund options- Trigger Fund and Smart Funds, and two plan options - Level Cover Option and Increasing Cover Option.
   • Maturity benefit: In case the life assured survives till the end of the policy tenure, the plan offers fund value in a lump sum as maturity benefit.
   • Death benefit: In case of an unfortunate demise of the life assured during the policy tenure, the plan will pay death benefits to the nominee. It will be higher of the fund value as on the date of intimation of death,the basic sum assured or 105% of the total premiums.

   Eligibility:

   Entry age	18 years to 45 years
   Maturity age	65 years
   Policy tenure	10 to 30 years
   Premium frequency	Yearly/half-yearly/quarterly/monthly

   **Last Updated on 03-02-2021

7. SBI Life Smart Elite Plan

   SBI Life Smart Elite is a unit-linked insurance plan that comes out with dual benefits of investment and insurance. It grants useful features that empower great control to manage the investment.

   Key Features:

   • Multiple options: The plan comes out with two protection plan options- gold option and platinum option.
   • Accident death benefit cover: With this, you will receive an in-built accidental death benefit cover.
   • Flexibility: The plan offers the flexibility to choose premium payment terms as per your requirements. It allows you to modify your fund allocation as per changing market situations.

   Eligibility:

   Entry age	18 years to 60 years
   Maturity age	65 years
   Plan type	Limited premium/ single premium
   Premium frequency	Single/yearly/half-yearly/quarterly/monthly

   **Last Updated on 03-02-2021

8. SBI Life Smart Privilege

   SBI Life Smart Privilege is an individual, unit-linked and non-participating life insurance plan. The plan allows you to grow your wealth with the help of 11 funds and unlimited free switches.

   Key Features:

   • Life Cover: The plan offers a life insurance cover along with market-linked returns that assures complete financial protection.
   • Loyalty additions: The plan provides loyalty additions to its customers that help them to grow their funds.
   • Liquidity: The plan offers liquidity with the help of partial withdrawals from the 6th policy year or 18 years of age (whichever is later).

   Eligibility:

   Entry age	8 years to 55 years
   Maturity age	18 to 70 years
   Plan type	Regular premium/ limited premium/ single premium

   **Last Updated on 03-02-2021

   The values may change as per the chosen plan option

SBI Life Insurance Retirement Plans

A retirement plan is a form of the investment plan, which helps you to build a corpus over a longer tenure to live a secure financial future. Check below to get a list of all SBI Life retirement plans.

1. SBI Life Saral Pension

   SBI Life Saral Pension is an individual and non-linked participating savings retirement plan. The plan is specifically designed for those who want to stay away from market volatility to have a secure future.

   Key Features:

   • Guaranteed bonus: The plan offers guaranteed simple reversionary bonus for the initial 5 policy years @ 2.50% for the first three years and 2.75% (of the basic sum assured) for the rest of the years.
   • Vesting maturity benefit: Under this benefit, the policyholder will receive a higher of basic sum assured or total premium received + vested simple reversionary bonus + simple terminal bonus.
   • Life insurance cover: The plan offers the option of additional life cover with the help of SBI Life- Preferred Term Rider.

   Eligibility:

   Entry age	18 years to 65 years
   Vesting age	40 years to 70 years
   Basic sum assured	Rs.1,00,000 to no limit
   Plan type	Regular premium/ single premium

   **Last Updated on 03-02-2021

   The values may change as per the chosen plan option

2. SBI Life Retire Smart

   SBI Life Retire Smart is an individual, unit-linked and non-participating pension plan. The plan assists you to secure your future by building a retirement corpus with systematic investments during your earning years.

   Key Features:

   • Maturity/vesting benefit: On completion of the policy tenure, the plan will offer a maturity/vesting benefit, which will be higher of fund value + 1.5% of the maturity/vesting fund value that would be paid as terminal addition or 101% total premiums paid.
   • Death benefit: In case of death during the policy tenure, you will receive a higher of fund value + 1.5% of the fund value as terminal addition or 105% of total premiums received.
   • Extend vesting age: The plan allows you to extend the vesting age as per your requirements.

   Eligibility:

   Entry Age	30 years to 70 years
   Maturity Age	80 years
   Plan Type	Regular Premium/Limited Premium/ Single Premium
   Premium Frequency	Single/yearly/half-yearly/quarterly/monthly

   **Last Updated on 03-02-2021

3. SBI Life Annuity Plus

   SBI Life Annuity Plus is an individual, non-linked and non-participating general annuity plan. The plan helps you to enjoy your post-retirement period without any financial worries.

   Key Features:

   • Regular Income: With this annuity plan, you will get a regular income for life. You can also ask to receive periodic income as per your requirements.
   • Annuity Options: The plan provides a wider choice of annuity options to choose from.
   • Tax Benefits: The plan comes out with tax benefits as per the prevailing tax laws.

   Eligibility:

   Entry age	0 year to 80 years
   Annuity payout	Rs. 1000 to No limit
   Annuity payment mode	Monthly, quarterly, half-yearly or yearly
   Maximum premium amount	No limit

   **Last Updated on 03-02-2021

   The values may change as per the chosen plan option

SBI Life Insurance Child Plans

Child insurance plans assist you to secure your child's future and fulfil their dreams. These plans provide the required financial support for different needs of your child's life such as education, marriage, etc. Below is a list of such helpful child insurance plans by SBI Life Insurance Company.

1. SBI Life Smart Champ

   SBI Life Smart Champ is a traditional participating child insurance plan that helps you to secure your child's educational needs.

   Key Features:

   • Smart benefit: The plan comes out with smart benefits in four equal annual instalments (once the child reaches 18 years of age).
   • Financial security: In case of any unfortunate event, the plan offers a lump sum amount to deal with the immediate financial needs.
   • ATPD cover: With this child insurance plan, the policyholder will receive Life and Accidental Total Permanent Disability (ATPD) coverage throughout the policy tenure.

   Eligibility:

   Entry age	Life Assured: 21 to 50 years Child: 0 to 13 years
   Maturity age	Life Assured: 42 years to 70 years Child: 21 years
   Premium frequency	Single premium/yearly/half-yearly/quarterly/monthly
   Basic sum assured	Rs. 1 lakh to Rs. 1 crore

   **Last Updated on 03-02-2021

2. SBI Life Smart Scholar

   SBI Life Smart Scholar is a unique child insurance plan that comes out with twin benefits of market-linked returns and life insurance cover. The plan will assist your child to achieve his/her dreams.

   Key Features:

   • Loyalty additions: SBI Life-Smart Scholar provides regular loyalty additions that help to boost your funds.
   • Liquidity: The plan allows the policyholder to make partial withdrawals during the policy tenure to deal with unexpected expenses.

   Eligibility:

   Entry age	Life assured: 18 years to 57 years Child: 0 years to 17 years
   Maturity age	Life assured: 65 years Child: 18 years to 25 years
   Policy tenure	8 years to 25 years
   Premium payment term	SP or 5 years to 25 years

   **Last Updated on 03-02-2021

SBI Life Insurance Money Back/Income Plans

A money back plan offers a percentage of sum assured at regular intervals (instead of a lump sum amount) at the end of the policy tenure. Below is the list of SBI Life Money Back plans for your better understanding.

1. SBI Life Smart Money Back Gold

   SBI Life Smart Money Back Gold is an individual, non-linked and participating life insurance savings product. The plan offers twin benefits of life cover and periodic income to deal with different financial requirements.

   Key Features:

   • Three money back options: Under the same, the policyholder gets three money back options, which are designed to achieve different milestones.
   • Payouts: The plan offers regular payouts- 15% of the basic sum assured.
   • Flexibility: The policyholder is free to choose the premium payment term- Single, limited premium payment term or regular premium payment term.

   Eligibility:

   Entry age	Minimum: 14 years Maximum: Regular Premium: 45 Years Limited Premium & Single Premium: 55 Years
   Maturity age	70 years
   Basic sum assured	Rs.2,00,000 to no limits
   Premium payment frequency	Single/annually/half-yearly/quarterly/monthly

   **Last Updated on 03-02-2021

2. SBI Life Smart Money Planner

   SBI Life Smart Money Planner is an individual, non-linked and participating life insurance savings plan that offers a life insurance cover and an additional benefit of guaranteed cash flow at regular intervals.

   Key Features:

   • Premium payment: The plan allows you to choose from the premium payment term (6 years, 10 years or single premium) as per your needs.
   • Discounts: The plan offers additional discounts on opting for a larger sum assured.

   Eligibility:

   Entry age	18 years to 60 years
   Maturity age	75 years
   Sum assured	1 Lakh to 5 Crores

   **Last Updated on 03-02-2021

3. SBI Life Smart Income Plan

   SBI Life Smart Income Plan is an individual, non-linked participating life insurance plan that comes out with the benefit of regular cash inflow and life cover over a tenure of 15 years.

   Key Features:

   • Life cover: The plan offers a life insurance cover throughout the policy tenure and ensures that your family's financial needs are met on time.
   • Riders: The plan allows the policyholder to enhance the cover with three different riders at affordable prices. The riders are mentioned below.

     1. SBI Life - Preferred Term Rider.

     2. SBI Life - Accidental Death Benefit Rider.

     3. SBI Life - Accidental Total and Permanent Disability Benefit Rider.

   • Tax benefit: By investing in this plan, you are liable to receive tax benefits as per the Income Tax laws.

   Eligibility:

   Entry age	8 years to 58 years
   Maturity age	18 years to 65 years
   Basic sum assured	Rs. 1 lakh to no limit
   Policy term	7/12/15 years

   **Last Updated on 03-02-2021

   The values may change as per the chosen plan option

How to file a claim under SBI Life Insurance plans?

The company ensures to provide a hassle-free death (including rider claim) and maturity claim process. For the same, you just have to follow the below-mentioned steps.

For offline process

Visit the nearby branch of SBI Life Insurance Company. Submit the duly filled claim form along with the supporting documents. The company will verify the details and will inform you regarding the approval/rejection of the claim via mail/phone call.

For the online process

1. Visit the official website of SBI Life Insurance.
2. Take your cursor to the tab "Services For Existing Customers".
3. Click on the "Claims and Maturity" tab.
4. Under claim intimation, you have to submit policy number, date of birth and claim type. Enter the captcha code and submit.
5. After submitting the claim form along with all the necessary documents, the company will verify the details. It will share the approval or rejection letter with you through email, message or mail.

Note- If the company requires any other information/document to check the admissibility of the claim, the claimant should provide it at the earliest.

Documents Required For filing Claim

Mandatory Documents

• Claim Form
• Claimant's photo ID proof
• Original or Attested Death Certificate issued by the local authority
• Original Policy Document
• Claimant's current address proof
• Direct Credit Mandate form

Additional documents (if required)

• Copy of FIR/Punchnama Report/Post Mortem
• Hospital treatment certificate
• Medical attendant's certificate
• Employer's certificate (for salaried individuals)
• Copy of Police Final Report/Inquest Report/Magistrate's verdict/Chemical Analysis Report