SBI Term Insurance
- 2 lakh+ Happy Customers
- Flexible Policy Tenure
- High Sum Assured Rebates
SBI Term Insurance offers you multiple term insurance plans based on the features, benefits, and eligibility criteria. Here are some of the term plans offered by SBI Term Insurance.
| Plan | Entry Age | Tenure | Min. Sum Assured | Unique Features |
|---|---|---|---|---|
| SBI Life Sampoorna Suraksha Plan Plan | Minimum Age - 18 years Maximum Age - 65 years | Half Yearly, Quarterly, and Monthly | ₹10L |
|
| SBI Life Arogya Shield Plan Plan | Minimum Age - 18 years Maximum Age - 65 years | Yearly and Monthly | ₹20L |
|
| SBI Smart Swadhan Supreme Plan | Minimum Age - 18 years Maximum Age - 60 years | Yearly, Half-Yearly, and Monthly | ₹25L |
|
| SBI Life Saral Swadhan Supreme Plan | Minimum Age - 18 years Maximum Age - 60 years | Yearly, Half-Yearly and Monthly | ₹25L |
|
| SBI Life Smart Shield Plan | Minimum Age - 18 years Maximum Age - 60 years | Half-Yearly, Quarterly, and Monthly | ₹25L |
|
| SBI Life eShield Plan Plan | Minimum Age - 18 years Maximum Age - 65 years | Yearly, Half-yearly, Quarterly & Monthly | ₹35L |
|
| SBI eShield Next Plan Plan | Minimum Age - 18 years Maximum Age - 65 years | Single, Yearly, Half-Yearly, and Monthly | ₹50L |
|
| SBI Life Grameen Bima Yojana Plan | Minimum Age - 18 years Maximum Age - 50 years | One time payment at policy inception | ₹10 K |
|
| SBI Life Poorna Suraksha Plan | Minimum Age - 18 years Maximum Age - 65 years | Yearly, Half-Yearly, and Monthly | ₹20L |
|
| SBI Life Smart Swadhan Plus Plan | Minimum Age - 18 years Maximum Age - 65 years | Single, Yearly, Quarterly, Half-Yearly, and Monthly | ₹5L |
|
| SBI Saral Jeevan Bima Plan | Minimum Age - 18 years Maximum Age - 60 years | Single, Yearly, Half-Yearly, and Monthly | ₹5L |
|
| SBI Life Saral Swadhan Plus Plan | Minimum Age - 18 years Maximum Age - 55 years | Yearly | ₹30K |
|
Here is a quick overview of the SBI Term Insurance Plans listed in the above table.
SBI Life - Sampoorn Cancer Suraksha helps you to secure your family financially in case of your demise. The policy comes with rider benefits, coverage for critical illnesses listed in the policy such as minor and advanced-stage cancer.
In an unpredictable world safeguarding yourself and your family's future against any serious disease or forbidden threat of critical illness, such as ...
Unique Features
SBI Life Arogya Shield is a health-plus life combination plan from SBI General Insurance and SBI Life Insurance that offers health and pure term life ...
Unique Features
Usually, a term plan provides financial security to your loved ones in return for the premium you have paid during the policy term. But once in a whil...
Unique Features
"A plan which returns all the paid premiums back upon completion of the policy term" Several term insurance plans provide insurance coverage for the p...
Unique Features
As we grow older our responsibilities grow. Are you worried that your term plan might not be enough as your life will move forward? Fret not! SBI Life...
Unique Features
We can never know about what the future holds for us. And when you've the responsibility of supporting the family on your shoulders, then it becomes v...
Unique Features
SBI Life eShield Next, launched by SBI Life is a new age term insurance plan that enables you to take care of your current requirements and your chang...
Unique Features
According to IRDAI, a medical examination test is necessary for purchasing any Yojana. However, sometimes, a delay in a report or minor health issues ...
Unique Features
SBI Life - Poorna Suraksha is an Individual, Non-Linked, Non-Participating Life Insurance, Pure Risk Premium Product with in-built Critical Illness co...
Unique Features
SBI Term Insurance company offers a comprehensive term insurance plan called SBI Life Smart Swadhan Plus policy, which aims at fulfilling the future f...
Unique Features
Security for your loved ones is available with the SBI Life Saral Jeevan Bima Plan at a reasonable cost. It is a straightforward policy that offers th...
Unique Features
SBI Saral Swadhan Plus is an individual, non-linked, non-participating, life insurance plan that gives you a fixed life cover throughout the policy te...
Unique Features
SBI Term Insurance
SBI Term Insurance | Best Life Insurance Policy In India
SBI Life Insurance Review 2024
| Name of the Riders | Benefits |
| SBI Life Accidental Death Benefit Rider | An accidental death benefit rider provides an additional sum assured if the policyholder dies within 120 days due to an accident. |
| SBI Life Accidental Total and Permanent Disability Rider | Accidental total and permanent disability rider offers rider sum assured if the policyholder suffers from total and permanent disability due to an accident. |
SBI Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose SBI Term Insurance Plans:
SBI Term Insurance plans offer death benefits to the nominee of the policyholder in case of demise during the policy term. The death benefit offered by SBI term insurance plans can be used by the nominee for various purposes such as paying for liabilities, child education, and marriage.
Sbi Term Insurance Plans provide Multiple options to customers to choose coverage as per your Requirement. E.g- Mr. Akash(34) is employed in the private Sector, He has taken a House loan for 25 years, which he planned will be repaid before their retirement(60). So,He decides to take a SBI Term Insurance plan for 25 years, which helps to support their family in tough times and also helps to repay the home loan in their absence.
Term insurance plans are popular for providing large coverage at accessible premiums rates. So that every family in India can opt for best term insurance plan and secure their family in tough times. SBI Term Insurance gives people access to secure their family with Accessible premiums.
Riders play a very important factor while purchasing any term insurance plans. If it comes to increased sum assured, or accidental disability benefits etc. SBI Term Insurance provides each facilities.
SBI Term insurance Provides one of the largest branch offices network all over india. Thousands of employees work 24/7 to support their customers in the best possible way.And helps policy holders' families in hard times.
Claim Settlement Ratio is the metrics which helps measures no. of claims settled in one financial year. SBI Term Insurance Plans have one of the highest claim settlement ratios 98.30% which is almost best in the market.
SBI life term insurance plans offer various additional benefits to the policyholders.
SBI Term Plans Offers Terminal illness benefits to the Policyholder in case any terminal illness comes out in diagnosis or policyholder is at the last stage of disease. Benefit refers to a lump sum amount, which can be used for treatment and other expenses.
In SBI Term Plans, additional death benefits are paid to the nominee in case of the accidental death of the policyholder. To opt for these benefits Customer has to buy an Accidental Death rider, Which results in an additional death amount with the lumpsum amount paid.
In SBI Term Plans, the Policyholder will get a critical illness rider which helps them to get a lump sum payout in case any critical disease is diagnosed, like Cancer, HIV etc. For availing this rider Policyholder has to purchase a critical illness rider during the time of policy purchase.
SBI term life Plans offers a waiver of premiums benefits to its customers, which helps to waive policy premium, in case of any accident or critical illness while the policy will remain active up to the policy term. So, in case of the demise of the policyholder, the nominee will receive a Death benefit as well.
SBI Term Life Plans offer two premium breaks or skips during the whole policy term, which helps the customers in tough times like job change, Hospitalization etc without negotiating with insurance. If Policy holder skips the Premium the policy term will remain the same or stay covered.
There are various SBI life-term plans based on their features, policy tenure, benefits, etc. You can choose the one that best suits your requirements.
These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.
These plans give the premium amount back to the policyholders only if they survive the policy term.
These plans offer monthly income to the policyholder’s dependents in case of the policyholder’s demise.
These plans offer inbuilt coverage against critical illnesses.
These plans offer inbuilt coverage against accident disability and death cover.
Here are the documents required to buy a SBI Life Term Insurance Plan:
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
You can buy the SBI Term Insurance policy from Policyx.com or the SBI Term Insurance website.
Fill out the form at the top of this page with the necessary details.
Select your income and city. Click on 'Proceed'.
Update your education and occupation details.
Choose your preferred plan and click on 'Buy this plan'.
Select the policy term, premium period, and riders (if required), and then proceed to pay.
Visit the official website of SBI Life Insurance.
Navigate to the ‘Protection Plans’ section and choose the plan you want to buy.
Click on the ‘Buy Now’ option and enter the required details.
Choose your policy tenure, premium payment tenure, and sum assured.
Pay the premiums displayed on the payment screen.
To raise a Claim in SBI term insurance Plans, one has to follow three simple steps, as discussed in below:
The First step is to inform SBI term insurance as soon as possible, through any of the following methods. You can easily fill your claim online, by email, on other platforms, and by visiting nearby SBI Nearest branches.
You have to submit the necessary documents requested by the company to process the claim.
In case of natural death
Death claim form, Death certificate,Original policy documents, Claimant's identity & residence Proof, Medical records, Account details of nominee.
In case of Accidental Death
Same documents with two additional documents: FIR and Post-mortem report.
This is the final stage of the Claim settlement process, after reviewing all the necessary documents and Details, within 30 days SBI Term Insurance will settle the claim, and transfer the lump sum payout to the nominee accounts.
The SBI life term plan claim settlement procedure can be initiated by visiting the nearest SBI Life branch office. For the details of SBI life insurance branches, you can visit their website and locate the nearest branch. You have to submit all the essential documents at the branch so that your claim can be processed.
If you have any more queries regarding SBI Term Insurance Plans,
Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!
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