SBI Claim Settlement Ratio
- CSR of the Company
- Types of Claims
- Claim Filing Process
SBI Life Insurance holds an impressive Claim Settlement Ratio of 98.39% and is known for its 3 steps and seamless claim settlement process. They understand that a more straightforward process and instant claim settlement are essential for life insurance claims.
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A policyholder can make any number of claims in a policy tenure but it should not exceed the amount of sum assured.
The claim benefit is received by the nominee who is appointed when the customers purchase the insurance policy, the policyholder assigns the person in whose favor the policy has been assigned.
Some common claim documents include original policy documents, death certificates, hospital records, photo identification & address proof of the claimant.
Typically, all valid claims are to be settled within 30 days after receiving all necessary documents related to the claim
You can check your claim status online through their official website or contact their customer representative by dialing 9250001848 from your registered mobile number.
Check and compare plans from 21 IRDAI-approved term insurance providers before purchasing a term plan.
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Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.
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