"Spending a whole day looking for insurance is fun," said nobody, EVER!
Loading your search...
Close

Tell us about yourself & we'll find the best Term/Cancer Life Insurance offers for you.

  • SBI Life Insurance

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    SBI Life Insurance is the product of the amalgamation between two banking and insurance giants - the State Bank of India (SBI) and the BNP Paribas Cardif. While SBI owns 70.1% stake at the company, the life and property insurance branch of BNP Paribas Group that is BNP Paribas Cardif owns 26%. Founded in 2001 as a bancassurance company, SBI Life Insurance banks on its 18,000 strong network of branches, 80,000 door-to-door insurance advisors and access to 100 million accounts as leverage for furthering their goal.

    Highlights of SBI Life Insurance Updated on 17 Oct 2018

    Percentage of Grievances Solved 99.98%
    Claim Settlement Ratio 96.69%
    Group Death Claims 98.95%
    Percentage of Claims Rejected 0.85%
    Solvency Ratio 2.04 (for the quarter ended March 2017)

    Why Choose SBI Life Insurance?

    SBI Life Insurance has 16 glorious years of providing great service to its customer base. Over the years SBI Life have come up with various insurance plans and products for the benefit of their customers. They are constantly reinventing themselves providing the latest technology and tool to the policyholders to make insurance-buying a simpler process.

    Some of the reasons that make SBI Life Insurance an obvious choice are:

    • SBI Life has the backing by State Bank of India, plus 5 banks associated with the State Bank Group.
    • It was the 2016 winner of ‘Life Insurance Company of the Year’ at last year’s Indian Insurance Award.
    • It was also the winner of ‘Bancassurance Leader Life Insurance (Large Category) at the same award ceremony.
    • SBI Life Insurance offers a wide range of financial services and insurance products.
    • It has a number of easy and simple online premium payment solutions.
    • SBI Life Insurance arranges for home visits by Insurance Advisors on request.
    • It has some great tools like the Retirement Planner, Child Education Planner and Tax Calculator to make insurance planning easy for potential policyholders, helping them make an informed decision.

    Different Types of Plans Available with SBI Life Insurance?

    SBI Life offers a wide range of insurance products to satisfy all their customer’s requirements. These plans can be sorted into different categories such as Protection Plans, ULIP Plans, Savings Plans, Retirement Plans, Child Plans, Group Plans and Online Plans.

    However, some plans come under two different categories given that they suit the requirement of both type of plans. The following table shows which plans falls under which category:

    Protection Plans ULIP Plans Savings Plans Retirement Plans Child Plans Group Plans Online Plans
    1. SBI Life - Smart Shield
    2. SBI Life - Saral Shield
    3. SBI Life - eShield
    4. SBI Life - Grameen Bima
    1. SBI Life - eWealth Insurance
    2. SBI Life - Smart Wealth Builder
    3. SBI Life - Smart Wealth Assure
    4. SBI Life - Saral Maha Anand
    5. SBI Life - Smart Scholar
    6. SBI Life - Smart Elite
    7. SBI Life - Smart Power Insurance
    8. SBI Life - Smart Privilege
    1. SBI Life - Smart Bachat
    2. SBI Life - Smart Women Advantage
    3. SBI Life - Smart Swadhan Plus
    4. SBI Life - Smart Humsafar
    5. SBI Life - Smart Money Planner
    6. SBI Life - CSC Saral Sanchay
    7. SBI Life - Smart Income Protect
    8. SBI Life - Smart Guaranteed Savings Plan
    9. SBI Life - Smart Money Back Gold
    10. SBI Life - Shubh Nivesh
    11. SBI Life - Saral Swadhan+
    12. SBI Life - Flexi Smart Plus
    1. SBI Life - Saral Pension
    2. SBI Life - Retire Smart
    3. SBI Life - Annuity Plus
    1. SBI Life - Smart Champ Insurance
    2. SBI Life - Smart Scholar
    1. Retirement Solutions:
      1. SBI Life - Kalyan ULIP Plus
      2. SBI Life - CapAssure Gold
      3. SBI life - Swarna Jeevan
      4. SBI Life - Gaurav Jeevan
    2. Group Protection Plans:
      1. SBI Life - Pradhan Mantri Jeevan Jyoti Bima Yojana
      2. SBI Life - Sampoorn Suraksha
      3. SBI Life - Suraksha Plus
    3. Group Loan Protection Products: SBI Life - RiNn Raksha
    4. Group Micro Insurance Plans:
      1. SBI Life - Grameen Shakti
      2. SBI Life - Grameen Super Suraksha Plan
    1. SBI Life - eIncome Shield
    2. SBI Life - eShield
    3. SBI Life - eWealth Insurance
    4. SBI Life - Annuity Plus

    Different types of Policies Provided by SBI Life Insurance?

    SBI Life Term Insurance/Protection Plans:

    Protection plans are traditional insurance plans which are usually low cost and benefit the family of the insured in case of death/permanent disability.

    Plan name Key Features
    SBI Life - Smart Shield This is a participating term life plan that provides all around financial protection at affordable premium costs. It can be customized with riders for accidental death, critical care etc. The plan also awards you for maintaining a healthy lifestyle.
    • Age Requirements: 18 to 60 years at entry.
    • Sum Assured: Upward of Rs.25 lakh.
    • Policy Term: 5 years to 30 years.
    SBI Life - Saral Shield Saral Shield, as the name suggests, makes getting an insurance easier with very low premiums and adequate coverage. This is a traditional term insurance plan that also doubles as a loan protection plan. There are also special discount on premium for women policyholders.
    • Age Requirements: 18 to 60 years at entry.
    • Sum Assured: Rs.7.5 lakh to Rs.24 lakh.
    • Policy Term: 5 years to 30 years, up to loan term for Loan Protection option.
    SBI Life - Grameen Bima Grameen Bima is a micro-insurance term plan that benefits the poorer sections of the society, especially in the rural areas of the country. The aim of this plan is to provide some life cover to those who need it the most at the lowest premiums possible. The premium amount actually depends on the life coverage required.
    • Age Requirements: 18 years to 50 years at entry.
    • Sum Assured: Rs.10,000 to Rs.50,000.
    • Policy Term: 5 years.

    SBI Life ULIP Plans:

    ULIP or Unit Linked Insurance Plans double as investment ventures. These insurance plans are market linked, with the option to choose the degree of risk involved. The policyholder bears all the risk of the investment.

    Plan name Key Features
    SBI Life - Smart Privilege Smart Privilege Plan comes with the flexibility of having 8 diverse funds to switch between re-direct premiums to. The plan also allows for loyalty additions that adds to the fund value. It doesn’t levy any administration fee either.
    • Age Requirements: For single premium policies, the minimum age is 13 years. For regular/limited premium policies, it’s 8 years. Maximum is 55 years.
    • Premium Amount: The minimum amount is Rs.6 lakh (single premium), with no set maximum limit.
    • Policy Term: 10 years to 30 years for regular/limited premium policies. 5 years to 30 years for single premium policies.
    SBI Life - Smart Wealth Builder As the name suggests Smart Wealth Builder plan aims to build funds for the policyholders to cover both investment and insurance needs.
    • Age Requirements: Minimum of 7 years at entry. Maximum 60 years for regular premium and limited premium and 65 years for single premium.
    • Premium Amount: Minimum of Rs.30,000 and Rs.40,000 annually for regular premium and limited premium; Rs.65,000 for single premium. Maximum of Rs.3 lakh for all plans.
    • Policy Term: 10 years or regular, 15 to 30 years for limited and 5 to 30 years for single premium.
    SBI Life - Smart Wealth Assure This plan is a market-linked non-participating policy. The policyholder has to pay premium only once to avail of the benefits of this plan throughout the term of the policy.
    • Age Requirements: Minimum 8 years and maximum 65 years at entry.
    • Premium Amount: Minimum Rs.50,000, no maximum limit.
    • Policy Term: 10 years to 30 Years.
    SBI Life - Saral Maha Anand This is a simple unit linked insurance product that helps policyholders manage their investments depending on their appetite for risk. The policy comes with 3 fund options to choose from, along with a guaranteed 30% addition to an annual premium.
    • Age Requirements: Minimum 18 years and maximum 55 years at entry.
    • Premium Amount: Minimum Rs.15,000 and maximum Rs.29,000 annually. Minimum Rs.2,000 and maximum Rs.2,400 monthly.
    • Policy Term: 10, 15 or 20 years.
    SBI Life - Smart Elite A unit-linked insurance product, that allows policyholders to pay premiums for limited period only. Premium can also be paid in a single payment, with the protection extending till the entire insurance term.
    • Age Requirements: Minimum of 18 years and maximum of 60 years at entry.
    • Premium Amount: Minimum single premium Rs.2 lakh. Minimum yearly premium Rs.1.5 lakh. No maximum limit.
    • Policy Term: 5 to 20 years
    SBI Life - Smart Power Insurance Another unit linked plan, Smart Power Insurance takes care of your insurance as well as investment needs. The product comes to you at reasonable premium and is in tune with the current investment scenario. It is a flexible product, which also takes care of your liquidity needs. Additional protection requirement, due to changing personal and/or financial circumstances, is also taken care by the product.
    • Age Requirements: Minimum 18 years and maximum 45 years at entry.
    • Premium Amount: Minimum Rs.15,000 paid annually and and Rs.2,000 monthly. No set maximum limit.
    • Policy Term: 10 years and 15 to 30 years.

    SBI Life Savings Plans:

    Savings insurance plans are mostly participating plans that provide the double benefit of both a life insurance cover and growth of funds, so that the money is put to work even if there’s no insurance claim ever made. Savings plan gives maturity benefits and bonuses along with the usual death benefits.

    Plan name Key Features
    SBI Life - Smart Bachat Smart Bachat is a Limited Premium Payment Term (LPPT) endowment insurance plan. The policy term exceeds the premium payment term, so a policyholder continues to enjoy life cover up to 10 years after the last premium amount is paid.
    • Age Requirements: Minimum 8 years for Endowment Option and 18 years for Endowment Option with in-built AD&TPD Benefit. Maximum 50 years
    • Sum Assured: Minimum Rs.1 lakh with no limit on maximum amount.
    • Policy Term: 10 to 25 years with 5 to 15 years of premium paying.
    SBI Life - Smart Women Advantage This is a participating traditional Endowment Plan, especially designed for women policyholders with added features for protection and security. The plan covers life and savings along with critical illness benefit. There is also optional benefits available for pregnancy and childbirth related issues.
    • Age Requirements: Minimum 18 years and maximum 50 years at entry.
    • Sum Assured: Minimum Rs.2 lakh and maximum Rs.10 lakh.
    • Policy Term: 10 years and 15 years.
    SBI Life - Smart Swadhan Plus Smart Swadhan Plus pays back the total basic premiums paid by the policyholders till maturity date, provided the policy is still in force. This is a non-participating, non-linked term plan with the option to choose a payment term as per the policyholder’s convenience.
    • Age Requirements: Minimum 18 and maximum 65 years at entry.
    • Sum Assured: Minimum Rs.5 lakh with no maximum limit, subject to proposal underwriting.
    • Policy Term: Minimum 10 years, maximum of 30 years.
    SBI Life - Smart Humsafar This is a joint participating insurance plan or married couples. The endowment plan provides both the husband and wife with insurance cover and comes with multiple rider options. The policy offers a guaranteed minimum bonus at 2.50% of the sum assured for the first 3 years.
    • Age Requirements: Minimum age of 18 and maximum age of 46 years.
    • Sum Assured: Minimum of Rs.1 lakh and a maximum of Rs.5 crore.
    • Policy Term: 10 years to 30 years.
    SBI Life - Smart Money Planner This is a non-linked individual insurance plan which guarantees periodic cash inflow, thus providing the policyholder with a avenue of financial support. This policy also allows for lower premium payment term while maintaining coverage throughout the term of the policy. The policy term is divided into Premium Payment Period, Growth Period and Benefit Payment Period.
    • Age Requirements: Minimum 18 years. Maximum 50 to 60 years depending on the Plan (1, 2, 3, 4) option chosen.
    • Sum Assured: Minimum of Rs.1 lakh and a maximum of Rs.5 crore.
    • Policy Term: 15 to 25 years depending on the Plan (1, 2, 3, 4) option chosen.
    SBI Life - CSC Saral Sanchay This is a non-participating, individual, variable insurance plan that can be purchased from any authorised Common Service Centre under the National e-Governance Plan (NeGP) of Government of India. The policy comes with a lock-in period of 5 years. The policyholder can also choose to top up the initial premium amount to increase insurance cover.
    • Age Requirements: Minimum 18 years and maximum 55 years for 15-year term policy and 60 years for 10-year term policy.
    • Sum Assured: 10 x AP for policyholders aged less than 45 years; 7 x AP for those aged more than 45 years.
    • Policy Term: 10 years and 15 years
    SBI Life - Smart Income Protect It is a participating insurance cum savings plan where the policyholder pays regular premiums for a term of 7, 12 or 15 years. After the premium period is over, the policyholder gets annual payouts for the next 15 years. They can also choose to receive the entire sum as maturity benefit at the end of the policy term. This policy also boasts of a wide variety of riders.
    • Age Requirements: For 7-year policy, minimum 11 years and maximum 58 years; for 12-year and 15-year policy, the minimum age at entry is 8 years, and the maximum is 53 and 50 years respectively.
    • Sum Assured: Minimum Rs.1 lakh, no maximum limit.
    • Policy Term: 7 years, 12 years and 15 years.
    SBI Life - Smart Guaranteed Savings Plan A traditional insurance plus savings plan which rewards its policyholders with a number of add-ons. The plans gives guaranteed additions at the end of each year depending on the premium amount. The premium payment tenure is a mere 7 years.
    • Age Requirements: Minimum 18 years and maximum 50 years.
    • Sum Assured: Depends on the chosen premium amount.
    • Policy Term: 15 years
    SBI Life - Smart Money Back Gold It is a traditional insurance plan, participating in nature that pays a regular Survival benefit. It also assures the family of the insured is financially secure after he/she is no more by paying out the full Sum Assured along with Simple Reversionary Bonus, irrespective of the sum already paid as Survival benefit.
    • Age Requirements: The minimum entry age is 14 or 15 years depending on the term period chosen. The maximum age is 45, 50 and 55 years for different term plans.
    • Sum Assured: Minimum is Rs.75,000, with no maximum limit.
    • Policy Term: 12, 15, 20 and 25 years (Option 1, 2, 3 and 4 respectively).
    SBI Life - Shubh Nivesh Shubh Nivesh is an endowment plan of a different kind as it offers Whole Life coverage option along with savings and a regular income.
    • Age Requirements: Minimum 18 years. For Endowment options, the maximum for regular premium is 58 years and for single premium is 60 years. Maximum entry age for Endowment with Whole Life option is 50 years.
    • Sum Assured: Minimum is Rs.75,000, with no maximum limit.
    • Policy Term: For Endowment option, minimum 7 and 5 years (RP and SP respectively). Endowment with Whole Life option the minimum term is 15 years. The maximum term is 30 years for Endowment option, and 100 years for for Whole Life option.
    SBI Life - Saral Swadhan+ Saral Swadhan+ is a non-participating, individual term insurance plan that gives the policyholder life coverage during the policy period, and the entire premium amount on maturity, provided he/she has paid a minimum of 3 annual premiums.
    • Age Requirements: Minimum age 18 years and maximum 55 years at entry.
    • Sum Assured: Minimum Rs.30,000 and maximum of Rs.4.75 lakh.
    • Policy Term: 10 years or 15 years.
    SBI Life - Flexi Smart Plus This is a participating variable product that gives the policyholder the freedom to choose both their policy term and change their Sum Assured. The policy offers interim bonus, regular bonus and terminal bonus, and comes in two options - Gold and Platinum. This policy also allows partial withdrawal from the 6th year of the policy.
    • Age Requirements: Minimum of 18 years and a maximum of 60 years at entry.
    • Sum Assured: Annualised Basic Premium + Sum Assured Multiple Factor (SAMF, which can be maximum 20)
    • Policy Term: 5 years to 30 years.

    SBI Life Retirement Plans:

    Retirement insurance plans are those especially designed to facilitate better returns for retirees. These plans provides for the future of the policyholders post retirement in the form of pensions.

    Plan name Key Features
    SBI Life - Saral Pension This is a traditional, participating, individual pension plan that provides life cover and death benefit along with guaranteed bonuses during the first 5 years. Plus a maturity benefit at the rate 0.25% p.a. compounded yearly. Since the returns are guaranteed, the policy is completely secure from the ups and downs of the market.
    • Age Requirements: Minimum age at entry 18 years, maximum 65 years and 60 years for single and regular premiums respectively.
    • Sum Assured: Minimum of Rs.1 lakh with no upper limit.
    • Policy Term: For single premiums the minimum is 5 years, for regular premiums it’s 10 years. The maximum is 40 years for both.
    SBI Life - Retire Smart Retire Smart plan is for a more matured populace, in terms of both age and financial stature. The policy guarantees a 101% return on the total premium paid, thus mitigating the market risk to a great extent.
    • Age Requirements: Minimum 30 years and maximum 70 years.
    • Policy Term: 10 years, 15 to 35 years.

    SBI Life Child Plans:

    Child insurance plans are especially designed to protect children of the policyholders in event of their unfortunate demise. These plans ensure that a child is provided for, especially in matters of education, in the absence of his/her parent.

    Plan name Key Features
    SBI Life - Smart Champ Insurance This is a participating, individual life insurance product designed especially for children to ensure their future education is taken care of. The policyholder can get him/herself assured against death and/or Accidental Total Permanent Disability, and their child nominee will get the Sum Assured plus Smart Bonus on attaining ages 18, 19, 20 and 21 in case the the event insured against occurs.
    • Age Requirements: Minimum 21 years and maximum 50 years of the policyholder; maximum 13 years of the child nominee.
    • Sum Assured: Minimum of Rs.1 lakh and maximum of Rs.1 crore.
    • Policy Term: 8 years to 21 years (21 - child’s age at entry).
    SBI Life - Smart Scholar This is a unit-linked policy that helps the policyholder fulfill their responsibility as a parent by securing their child’s education. This policy offers 7 different fund options to invest in. The policy also has built in Accidental Death and AT&PD benefit.
    • Age Requirements: 0 to 17 years for the child; 18 to 57 years of the proposer.
    • Sum Assured: Minimum of 1.25 x SP, maximum 5 x SP for age below 45, and 1.25 x SP for those greater than 45 years in age.
    • Policy Term: Minimum 8 years, maximum 25 - child’s age at entry.

    SBI Life Group Plans:

    Group plans are those insurance that benefit a group of people, not just individuals. These insurance plans are often bought by employers for their employees. Group plans can be further divided into Retirement Plans, Protection Plans, Loan Protection Plans and Micro Insurance Plans.

    Plan name Key Features
    Retirement Solutions:
    SBI Life - Kalyan ULIP Plus This is a unit linked plan that aims to provide retirement benefits to the employees in a group larger than 10 members. This is a fund-based non-participating policy which allows for premiums to be paid any time of the year. Age requirement for group members is between 18 and 79 years.
    SBI Life - CapAssure Gold This is a non-linked group plan that provides services like Leave Encashment, Gratuity and Superannuation. This policy is only available to employer – employees groups. The product comes with a free look period of 30 days wherein the employer can reevaluate the policy and return it if required.
    SBI life - Swarna Jeevan This is an annuity plan that starts paying its members almost immediately depending on the option opted for. This plan is especially aimed towards corporate clients and offers Single and Joint annuity options. The minimum amount of annuity permissible is Rs1,200 p.a. per member.
    • Entry Age: 35 to 85 years for members, 18 to 85 years for spouses.
    • Group Size: Minimum of 50 persons (10 for Group Superannuation plans)
    SBI Life - Gaurav Jeevan Gaurav Jeevan scheme is that allows for a government entity to transfer its liability for annuity payments for acquired land compensation to SBI Life. SBI Life’s inhouse financial experts invest the funds wisely to generate better annuity rates.
    • Age Requirements: Minimum of 18 years and maximum 85 years.
    • Annuity Terms: Minimum 5 years, up to 35 years.
    • Group Size: Minimum 50, no maximum limit.
    Protection Plans:
    SBI Life - Pradhan Mantri Jeevan Jyoti Bima Yojana This is not a unique SBI Life product, but is actually designed as per the criteria of the Indian Government on its pension scheme, the Pradhan Mantri Jeevan Jyoti Bima Yojana. This is a yearly renewable non-linked product that’s non-participating in nature. The insurance provides cover from the day the premium is paid till a year after. Although a group plan, it doesn’t require to be purchased by a group and can be availed individually.
    • Age Requirements: Minimum 18 years and a maximum of 50 years at entry.
    • Sum Assured: Rs.2 lakh
    • Policy Term: 1 year (renewable)
    SBI Life - Sampoorn Suraksha This is another yearly renewable insurance plan offering affordable rates to groups like Employer-Employee, Professional/Affinity, Borrower/Depositor etc. The plan offers multiple options of determining Sum Assured like flat cover, times of salary or CTC, outstanding loan, bank deposit size etc. The policy also comes with a comprehensive list of riders - the most any SBI Life scheme offers.
    • Age Requirements: 18 years to 79 years at entry.
    • Sum Assured: Minimum of Rs.1,000 and a maximum of Rs.25 crore per group member.
    • Group Size: Minimum of 10 members.
    SBI Life - Suraksha Plus This is a non-linked group term insurance, non-participating in nature. This is a flexible product with wide range of premium cost and Sum Assured and Premium Payment options. This product can be used to provide coverage based on employee designation, salary etc.
    • Age Requirements: Minimum of 18 years and a maximum of 69 years at entry.
    • Sum Assured: Minimum Rs.1,000 and no maximum limit (per member).
    • Policy Term: Maximum of 30 years.
    • Group Size: Minimum of 50 members.
    Group Loan Protection Products:
    SBI Life - RiNn Raksha SBI Life’s RiNn Raksha is a credit insurance plan, which ensures that the life insured’s property remains with their family even after they are no longer there to pay off the loan installments. This policy cover a variety of loans such as car loans, housing loans, education Loans, agricultural loans and personal loans. A total of up to 3 loan applicants can be insured under this plan.
    • Age Requirements: Minimum of 16 years and maximum of 70 years at entry.
    • Sum Assured: Minimum of Rs.10,000 with no maximum limit (per member).
    • Policy Term: Up to 30 years.
    Group Micro Insurance Plans:
    SBI Life - Grameen Shakti This group insurance provides insurance to people funded by Micro Financial Institutions/NGO’s or who get loan from Banks/Financial Institutions through Self Help Groups. Thus, this plan caters to economically weaker people. Unlike other products, this insurance plan offers maturity benefits amounting to 50% of the premiums paid.
    • Age Requirements: Minimum of 18 year and maximum of 50 years at entry.
    • Sum Assured: Minimum amount of Rs.10,000 and maximum of Rs.50,000.
    • Policy Term: 5 years.
    SBI Life - Grameen Super Suraksha Plan Another plan aimed at the poorer sections of the society, this is however, a pure traditional term insurance plan. This means that it doesn’t offer any maturity benefit in addition to death benefits or Sum Assured. The premium costs of this plan are extremely low.
    • Age Requirements: Minimum of 18 year and maximum of 50 years at entry.
    • Sum Assured: Minimum amount of Rs.10,000 and maximum of Rs.50,000.
    • Policy Term: 5 years.

    SBI Life Online Plans:

    Online insurance are those which can be bought online via SBI Life’s website. SBI Life has a variety of online insurance options starting from traditional term insurance plans to wealth building plans to annuity plans, to cover almost all kinds of insurance requirements.

    Plan name Key Features
    SBI Life - eIncome Shield eIncome Shield is a traditional non-participating term insurance plan that can be purchased online via SBI Life’s website. The plan provides for a monthly payout as a means to replace a policyholder’s monthly income in event of their unfortunate demise. It also has 4 different options to facilitate an annual increase of that monthly income.
    • Age Requirements: Minimum 18 years and maximum 50 years at entry.
    • Sum Assured: Minimum Rs.25,000 per month, no maximum limit.
    • Policy Term: 10 years to 35 years.
    SBI Life - eShield eShield plan is an individual participating term plan that comes tailored with multiple coverage options to suit the needs of different policyholders. This plan covers Accidental Death Benefit without any additional riders.
    • Age Requirements: Minimum of 18 years. Maximum 65 years for Level cover and 60 years for Increasing cover.
    • Sum Assured: More than or equal to Rs.20 lakh.
    • Policy Term: Minimum of 5 years for Level cover, 10 years for Increasing cover. Maximum 30 years.
    SBI Life - eWealth Insurance This is a non-participating linked insurance plan purchasable online. The plan is designed to provide both insurance cover and wealth growth. This plan comes with Automatic Asset Allocation or AAA feature that invests the premium in equities in the initial years, slowly shifting to debt and money market. Thus, effectively lessening risks and producing greater returns.
    • Age Requirements: Minimum 18 years and maximum 50 years at entry.
    • Sum Assured: 10 times of annual premium amount.
    • Policy Term: 10 years to 20 years.
    SBI Life - Annuity Plus This is a non-participating traditional annuity plan that provides for regular income from the age of 40 years to a policyholder. A wide range of annuity options ensures a source of supplementary income for a lifetime. The plan also provides for Accidental Death Benefit Rider as an option.
    • Age Requirements: Minimum age 0 years for product conversion; 40 years for all others. Maximum age 80 years at entry.
    • Annuity Payout: Minimum of Rs.1,000 monthly and Rs.12,000 yearly. No maximum limit.

    How to Make a Claim with SBI Life Insurance?

    Claim Settlement Ratio:

    The Claim Settlement Process with SBI Life is a 3 step process:

    Step 1: Intimation of Claim

    The first part of staking a claim is, of course, letting the insurer know that the insured is seeking claims. SBI Life can be intimated about the claim by one of the following channels:

    • Online claim form available at the SBI Life website.
    • Visiting any SBI Life branch.
    • Via email: claims@sbilife.co.in.
    • By posting a fully filled claims form along with all required documents to the main SBI Life branch located at the following address: SBI Life Insurance Co. Ltd, 8th Level, Seawoods Grand Central, Tower 2, Sector 40, Plot No.R-1, Seawoods, Nerul Node, Navi Mumbai- 400706

    Step 2: Submission of Required Documents (if any)

    Different types of documents are required to process different claims. However, the documents required can be broadly classified as

    • Required for Individual Death Benefits
      • Mandatory Documents:
        • Duly filled Claim Form.
        • Policy Document (Original).
        • Death Certificate (Original) issued by the local authority or an attested copy of the Certificate.
        • Current Address Proof of the Claimant(s).
        • Photo ID Proof of the Claimant(s).
        • Bank Statement/Pass Book/Cancelled Cheque of the Claimant(s).
      • Additional Documents:
        • Certificate from Medical Attendant.
        • Certificate of Hospital Treatment.
        • For Salaried Individuals, Employer’s Certificate.
        • Copy of Post Mortem/FIR/Panchanama Report.
        • Copy of Final Police Report/Magistrate’s Verdict/Inquest Report/Report of Chemical Analysis.
    • Required for Living Benefits
      • Individual Maturity:
        • Policy Document (Original).
        • Discharge Voucher on Maturity.
        • Current Address Proof of the Insured.
        • Photo ID Proof of the Insured.
        • Bank Statement/Pass Book/Crossed Cheque of the Insured.
        • Pan Card (for applicable TDS as per 194DA Section of the Income Tax Act, 1961).
      • Pension Maturity:
        • Policy Document (Original).
        • Discharge Voucher on Maturity.
        • Option Sheet 3 months prior to due date (get from SBI Life Branch).
        • Current Address Proof of the Insured.
        • Photo ID Proof of the Insured.
        • Bank Statement/Pass Book/Crossed Cheque of the Insured.
        • Pan Card (for applicable TDS as per 194DA Section of the Income Tax Act, 1961).
      • Annuity (Group and Individual):
        • Existence Certificate.
      • Survival Benefits:
        • Current Address Proof of the Insured.
        • Photo ID Proof of the Insured.
        • Bank Statement/Pass Book/Crossed Cheque of the Insured.
        • Pan Card (for applicable TDS as per 194DA Section of the Income Tax Act, 1961).
      • NRIs have to provide the following additional documents:
        • Tax Residency Self Declaration.
        • Residency Proof issued by the government of the country residing in.
        • Form 10 F.

    Step 3: Final Settlement of Claim

    Claim Settlement Ratio of SBI Life Insurance

    SBI Life is one of the renowned life insurance companies in the country. The company has one of the best claim settlement ratios in the industry. Its claim settlement ratio for the fiscal year 2016-17 is as follows:

    No. of claims received No. of claims approved Claim settlement ratio
    17,610 17,027 96.69%

    Claim settlement ratio trend over the years:

    Year 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17
    Settlement Ratio 95% 94% 91% 89% 93% 97%

    Documents Required for Buying SBI Life Insurance Policy:

    The documents required to process any SBI Life Insurance Policy include:

    • Age Proof: Driving License, School/College Leaving Certificate, PAN Card, Passport, Birth Certificate
    • Identity Proof: Passport, Voters ID Card, Letter from Recognised Public Authority or Public Servant with photograph verifying the identity and residence, PAN Card, Driving License, Aadhar Card, Job card issued by NREGA, National Population Register (NPR) Card
    • Address Proof: Telephone Bill, Electricity Bill, Bank A/C Statement, Letter from Recognised Public Authority, Passport, Voter ID Card, Aadhar Card
    • Income Proof: I.T. Return, Assessment Order, Employer’s Certificate

    Other acceptable documents are:

    • Identity card with applicant’s photograph issued by Central/State Government Departments, Statutory/Regulatory Authorities, Public Sector Undertakings, Scheduled Commercial Banks and Public Financial Institutions.
    • Letter issued by a gazetted officer, with a duly attested photograph of the person
    • Utility bill which is not more than two months old of any service provider (electricity, telephone, postpaid mobile phone, piped gas, water bill)
    • Property or Municipal tax receipt
    • Bank account or Post Office savings account statement
    • Pension or family pension payment orders (PPOS) issued to retired employees by Government Department or Public Sector undertakings, if they contain the address
    • Letter of allotment of accommodation from employer issued by State or Central Government departments, Statutory or Regulatory bodies and public sector undertakings, scheduled commercial banks, financial institutions and listed companies. Similarly, leave and license agreements with such employers allotting official accommodation
    • Documents issued by Government departments of foreign jurisdiction and letter issued by Foreign Embassy or Mission in lndia.

    How to Check Policy Status?

    A policyholder can check their policy status via sending an SMS to 56161 or 9250001848. The text of the SMS has to be:

    POLSTATUS (Policy Number).

    Online Payment Options

    • Net Banking: Net banking customers of State Bank Group can register for online payment facility. They can add SBI Life as their registered biller and provide their policy details. Once activated, the service will a display a premium due advice on login mentioning the due date and the premium due. Policyholders can choose to pay the premiums immediately or schedule payments as per their convenience before the premium due date.
    • Billdesk: Online payments can also be made via www.billdesk.com.
    • SBI Life Website: Payment of renewal premium by logging in at SBI Life website. Customer can pay the premium if he is a holder of valid Visa/MasterCard/American Express/Diners credit card or having a net banking account with the listed banks on the website. For these payments no registration is required and no extra premium is being charged. Premiums will be accepted 10 days in advance for monthly and 25 days in advance for non-monthly policies. Similarly the customer can pay the premium up to 5 months and 25 days after the due date of premium.
    • Easy Access Mobile App: Policyholders can also pay their renewal premium online by using SBI Life’s mobile application. Download SBI Life Easy Access Mobile App. Press on the Renewal Premium Payment option on the Home Page, and submit your Policy Number, Date of Birth & email. The payment acknowledgement will be sent to the registered email ID of the policyholder.
    • eWallets: Policyholders can pay your insurance premium online using the following e-wallets:
      • SBI Buddy:
        • Step 1: Download State Bank "Buddy" App on your mobile
        • Step 2: Click "Recharge & Bill Pay" & go to "Bill Pay" option
        • Step 3: Select Biller Category as "Insurance" and choose "SBI Life Insurance" as biller
        • Step 4: Enter Policy Number & Date of Birth and complete the transaction
      • JioMoney Wallet:
        • Step 1: Download JioMoney App on your mobile
        • Step 2: Click "Recharge & Bill Pay" & go to "Bill Pay" option
        • Step 3: Select Biller Category as "Insurance" and choose "SBI Life Insurance" as biller
        • Step 4: Enter Policy Number & Date of Birth and complete the transaction
    • Visa Bill Pay: All SBI Life customers having a VISA credit card issued in India can register for payment of premiums through this facility. For registering for this facility please log into www.visabillpay.com, add SBI Life as your biller and provide your policy details for registration. After verification this service will be activated and a premium due advice will be sent to you. The Premium bill will be displayed in your login indicating the due date and the premium due. You can either choose to pay the premiums immediately or schedule the payment to convenient date before the premium date.
    • Credit Card Autopay: Instructions on credit card (Master/Visa Credit card) via MyPolicy portal of SBI Life.

    SBI Life Premium Calculator:

    SBI Life has different premium calculator for different products. Each calculate the premium somewhat differently than for other products. Some of the fields in the premium calculator are:

    • Proposer Name
    • Whether a J&K resident
    • Selection of Plan options (if available)
    • Gender, Age, Date of Birth
    • Policy Term
    • Premium Frequency
    • Premium Amount
    • Premium Payment Term (if different than policy term)
    • Sum Assured/Annuity Amount
    • Percentage distribution of premium in different fund options (if applicable)
    • Options to select different riders (if any)
    • Loan Interest Rates (for loan insurance coverage)
    • Discount (staff, women etc. if applicable)
    • Name and age of child for Child Plans
    • Number of years elapsed since inception
    • Channel Details (for annuity transfer)
    • Annuity Options (if applicable)
    • Annuitant details like name, gender, DOB etc. in case of annuity plans

    SBI Life Insurance FAQs:

    1. Can SBI Life policy be revived if the policy lapses?

    A. Yes, an SBI Life policy can be revived even after it lapses if it follows the following procedures:

    • Within 6 months of the First Unpaid Premium: If the policyholder pays all unpaid premium arrears with interest, then the policy is reinstated without the need of any health check-up.
    • After 6 months of the First Unpaid Premium: If the policyholder pays up all remaining premium arrears with interest, then the policy can be reinstated on submitted requisite proof of good health.

    2. What is the registration process at the SBI Life website?

    A. In case a nominee misplaces the original Policy Document, he/she can submit an Indemnity Bond in lieu of the lost document. The bond should be executed on a notarized stamp paper along with a Surety Form that is properly executed.

    3. What are the charges/taxes applicable on ULIP linked insurance policies?

    A. The three main charges applicable on SBI ULIP Linked insurance plans are as follows:

    • Premium Allocation Charges.
    • Policy Administration Charges.
    • Fund Management Charges.

    Besides these 3, there are other charges which may be applicable only under certain conditions, such as:

    • Discontinuance Charges.
    • Partial Withdrawal Charges.
    • Mortality Charges.
    • Medical Expenses on Policy Revival.

    4. Where can one check the current fund value of their SBI Life ULIP policies?

    A. To know the current value of your ULIP funds, you can SMS the following message to 56161 or to 9250001848:

    “FV <> (Your Policy Number)”.

    You can also find out about the current fund value by logging in to the ‘MyPortal’ policy management portal of SBI Life Insurance.

    5. How much time does SBI Life take to settle a claim?

    A. SBI Life generally settles a death claim within 10 to 15 days of receiving the claim on the policy, provided the claim doesn’t call for an investigation. As per the IRDAI regulations, SBI Life has to settle an insurance claim,

    • Within 30 days of receipt of all required documents if no investigation is required.
    • Within 180 days of receipt of all required documents if the matter requires investigation.

    6. Who can lay a claim on insurance benefits from an SBI Life Policy?

    A. The following people can be benefited from an SBI Life Policy claim:

    • The nominee or an appointee (in case the Nominee is a minor) for death claim settlements.
    • The benefit is payable to the policyholder in case of Living Benefits such as Maturity Benefits, Survival Benefits, Rider Claims etc.
    • To the Assignee, in case the policy is assigned.
    • To the legal heirs of the policyholder if there is no clear and valid nomination registered under the policy.

    This insurance company/organisation is not a partner of Bankbazaarinsurance.com. The content provided here is for informational purposes only. Readers should visit the branch office/website of the insurer for more details. The logos, trademarks, and other intellectual property on display belong to their respective owners.

    News About Life Insurance

    • BNP Paribas to sell stake in SBI Life

      The French insurance company, BNP Paribas Cardif, has appointed 3 banks to look for buyers who would want to purchase a stake in SBI Life Insurance Co. Ltd. The stake sale is estimated to be around $500 million. The insurer has a 22% stake while State Bank of India (SBI) has a 62.1% stake in SBI Life. It is believed that BNP Paribas has planned to trim the shareholding in the insurer in order to meet the SEBI guidelines. According to the SEBI guidelines, a company is required to have a 25% public float to be listed. If BNP Paribas sells enough stake to make the total shareholding of the promoters equal to 75%, the company will be eligible to be listed. The current shareholding of the two promoters is at 84%. State Bank of India, on the contrary, has no plans to sell stake. BNP Paribas has appointed its investment banking arm, along with Citigroup and Kotak Mahindra Capital, to look for buyers who are willing to invest in the state-run life insurance company. SBI Life Insurance is a partnership between BNP Paribas and State Bank of India and was established in the year 2001.

      21 September 2018

    • SBI Life launched a campaign that focuses on young Indians

      State Bank of India (SBI) Life Insurance launched a campaign named ‘Main se Hum’ that focuses on the protection plans offered by the company and its importance in the lives of young individuals in the country. The campaign is being carried out on TV, print media, outdoor media, as well as social and digital media. The campaign presents insurance as a positive responsibility that millennials are prepared to take up in order to protect themselves and their near and dear ones. The campaign highlights the transition of a person from being a single individual to having a family. The responsibilities at this stage increase and the protection of one’s loved ones becomes a priority. The campaign emphasises the fact that insurance products not only aid the family financially but also give peace of mind to the person. The campaign is being driven by Mullen Lintas and the chairman, Amer Jaleel, says that they dug deep into the protector’s thinking and based their work on the change in behaviour from what it is like without having the responsibility of family members to having a family that one has to protect.

      20 September 2018

    • SBI Life launches term policy with in-built critical illness cover

      SBI Life, one of the top life insurers operating in the market, has launched a new term plan that offers in-built coverage for up to 36 critical illnesses. SBI Life - Poorna Suraksha is one of the very few policies in the market that offer the combination of term coverage and critical illness coverage without the need for a rider policy.

      This policy allows customers to choose the policy term and sum assured amount just like any other term insurance policy. Under the critical illness coverage, the insured can receive lump sum payment of the sum assured amount mentioned in the policy document upon first diagnosis of any of the named critical illness.

      Some of the critical illnesses covered under this policy include cancer of specified severity, stroke, kidney ailments of specified severity, brain tumour, Alzheimer’s disease, etc. Even though the health portion of the policy readjusts every year, the overall premium of this policy remains the same every policy year.

      14 September 2018

    • SBI Life chooses Mullen Lintas and Mindshare as agency partners

      SBI Life, the official life insurance wing of State Bank of India, has chosen Mullen Lintas and Mindshare to handle its business in the digital space. The company received bids from various agencies before finally choosing the two companies mentioned above. Mullen Lintas will function as the creative agency of SBI Life, whereas Mindshare will handle the company’s media business.

      The insurance industry in India is a highly competitive one with nearly 57 companies in life and general insurance categories. Amidst the intense competition among various companies, creative and media agencies play a critical role in helping companies reach their target audience effectively.

      Ravindra Sharma, SBI Life’s SVP and chief of brand and corporate communication, the company is currently in the process of building a culture to connect with its customers’ emotional motivations. Mullen Lintas and Mindshare were chosen because the strategic thought process and approach presented by these companies aligned with SBI Life’s brand ethos.

      22 August 2018

    • SBI Life chooses Mullen Lintas and Mindshare as agency partners

      SBI Life, the official life insurance wing of State Bank of India, has chosen Mullen Lintas and Mindshare to handle its business in the digital space. The company received bids from various agencies before finally choosing the two companies mentioned above. Mullen Lintas will function as the creative agency of SBI Life, whereas Mindshare will handle the company’s media business.

      The insurance industry in India is a highly competitive one with nearly 57 companies in life and general insurance categories. Amidst the intense competition among various companies, creative and media agencies play a critical role in helping companies reach their target audience effectively.

      Ravindra Sharma, SBI Life’s SVP and chief of brand and corporate communication, the company is currently in the process of building a culture to connect with its customers’ emotional motivations. Mullen Lintas and Mindshare were chosen because the strategic thought process and approach presented by these companies aligned with SBI Life’s brand ethos.

      22 August 2018

    • SBI Life Insurance to grow the share of pure-protection policies

      SBI Life Insurance is planning to raise the share of its pure-protection policies to double digits. SBI Life Insurance saw it pure protection policies form 5.5% of the new business premium in the year 2017-18. The insurance company aims to see those numbers double and touch close to 12%-13%.

      The insurance companies have already starting to put efforts as their Q1 saw its share of the overall new business premium increase of 10%, and its individual share segment rise by 2%.

      The life insurance company has also seen a rise in the sale of their digitally-sourced policies. The insurer saw its digital penetration through bancassurance channels at 90-92% as compared to 20-22% earlier.

      21 August 2018

    SBI Life Insurance Reviews

    • SBI Life Life Insurance
      "Best Money back policy"
      0.5 4.0/5 "Great!"
      The SBI LIFE people has called me on regular basis regarding the reminder and they will ask me whether I'm facing any issues and any queries. I have asked the call centre people to resend the policy documents in my mail and they given a TAT time of 1 day and the sent the documents also. I took my money back policy 2 years ago. I've been using this premium amount of Rs. 3500 nearly.
      Was this review helpful? 0
      , guntur
      Reviewed on Oct 14, 2018
    • SBI Life Life Insurance
      "Excellent term insurance policy"
      0.5 5.0/5 "Blown Away!"
      I have taken a term insurance policies with SBI life. They have offered me a coverage amount of Rs. 1 Crore. This is a useful policy for my family. Total tenure period of the policy is 30 years. Overall, I'm very much satisfied with the SBI Services.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Oct 12, 2018
    • SBI Life Life Insurance
      "Excellent policy"
      0.5 5.0/5 "Blown Away!"
      This is a excellent company one of the best policies they are giving to the customer. The returns are very good. I have taken the ULIP policy with SBI LIFE and I'm getting a very good returns. According to the current scenario i too a 15 years tenure period policy will get a 30% returns. The lockin period will be 10 years and i don't need to pay any premium.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Oct 12, 2018
    • SBI Life Life Insurance
      "Good Pension plan"
      0.5 5.0/5 "Blown Away!"
      I have children plan on my son name. its also includes the pension benefits. Every year I Used to make the payment of around Rs. 99.000. When he gets retired he will get the pension amount Rs. 25,000 per month, it also has the life cover and other benefits.
      Was this review helpful? 0
      , kottayam
      Reviewed on Oct 12, 2018
    • SBI Life Life Insurance
      "Good Money back benefits"
      0.5 5.0/5 "Blown Away!"
      Taken money back policy from SBI life, every three years they give bonus amount of Rs. 15 to 20% of policy coverage for total tenure . They are providing reward points, tax benefits. I took SBI Smart money back plan which has good bonus and policy cover.
      Was this review helpful? 0
      , kottayam
      Reviewed on Oct 12, 2018
    • SBI Life Life Insurance
      "Good Policy linked with pension"
      0.5 5.0/5 "Blown Away!"
      I was working with SBI, hence I have taken three policies, one is money back and another two is pension plan. I used to pay the yearly premium around Rs. 74,000, after certain year I get the pension amount month of Rs. 2030, it also has tax benefits.
      Was this review helpful? 0
      , kottayam
      Reviewed on Oct 12, 2018
    • SBI Life Life Insurance
      "Safe and secured"
      0.5 4.0/5 "Great!"
      Last eight years I have been paying for SBI Life for term insurance, the premium is lower for the coverage value of Rs. 25 lakhs. I have taken life shield policy with the economical premium, I used to make the annual payment around Rs. 11000 but it doesn't include tax benefits.
      Was this review helpful? 0
      , aligarh
      Reviewed on Oct 05, 2018
    • SBI Life Life Insurance
      "Best policy for the children"
      0.5 5.0/5 "Blown Away!"
      I hold the Collar 2 policy with SBI LIFE policy. I have taken this policy for my child benefits. This policy is useful for child's higher education or marriage. 5 years before i have taken this policy. I used to make the premium of Rs. 30000 for every yaers. Its covered with tax benefit. I will get sum assured amount of Rs. 3.5 lakhs.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 02, 2018
    • SBI Life Life Insurance
      "Simple and good"
      0.5 3.0/5 "Satisfactory"
      I have taken my life insurance policy 3 months back. In SBI, I'm not getting response properly and in the customer care, they will not pick the phone most of the times. The service is not upto the mark. I have chosen the money back policy. My friends have recommended about this policy. I used to pay the premium amount of Rs. 3518 for every 3 months. I'm not sure about the tenure period.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 27, 2018
    • SBI Life Life Insurance
      "GOOD POLICY"
      0.5 5.0/5 "Blown Away!"
      I have purchased the life insurance policy with SBI LIFE and it gives the coverage for my children and the name of the policy is CHILD PLAN. I had been using it since last 5 years where the premium i paying 6 months once added on that there is no penalty for late premium. The maturity period of this policy is for 18 years.
      Was this review helpful? 0
      , kanchipuram
      Reviewed on Sep 27, 2018
    • SBI Life Life Insurance
      "BEST POLICY"
      0.5 5.0/5 "Blown Away!"
      I hive been holding the life insurance from SBI LIFE for nearly 7-8 years where once policy got matured and the maturity amount i got 1lakh rupees. I paid premium 75k for 3 years and i got the sum assured too. Premium i pay 24k for yearly once.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 07, 2018
    • SBI Life Life Insurance
      "BEST POLICY"
      0.5 5.0/5 "Blown Away!"
      I have purchased the life insurance where they gave the maturity of 5 years added on that they give the life time coverage too so i have not taken the sum assured amount. I am holding it from SBI LIFE and it is a good policy to use. I have been using it since last 7-8 years.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 07, 2018
    • SBI Life Life Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      My term insurance was taken with SBI LIFE. I have chosen the annual payment mode for this policy. They have offered me a sum assured amount for Rs. 1 Crore and I used make the payment through net banking, I used to make the premium amount of Rs. 10000.
      Was this review helpful? 0
      , gandhidham
      Reviewed on Sep 07, 2018
    • SBI Life Life Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am holding MONEY BACK Policy from SBI LIFE since last 5 years and the name of the policy is MONEY BACK and i got the money back before a month. The sum assured amount i get 5 lakhs and there is no particular reason behind taking this policy but i get 45k as money back.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 04, 2018
    • SBI Life Life Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have been in touch with the agents. The good thing that they have a portal where i can check the latest information about the policies. I can able to make the payment through online. Its easy to do make the payment. It is a tax benefits policy. Around 4 years back, i have purchased this policy.
      Was this review helpful? 0
      , noida
      Reviewed on Sep 03, 2018
    • SBI Life Life Insurance
      "Go for it"
      0.5 4.0/5 "Great!"
      I have purchased a endowment with State bank of India. The customer care people of SBI is very slow. If i ask anything deeply about the policy, they used to forward the call to other team. I have purchased this SBI Endowment plan 4 years before. I'm paying the premium amount of Rs. 1500. I will make the payment through ECS every month. Since its a endowment plan, i will get a sum assured amount and bonus. Total tenure period of the policy is 7 years only.
      Was this review helpful? 0
      , srikakulam
      Reviewed on Aug 26, 2018
    • SBI Life Life Insurance
      "AVERAGE"
      0.5 3.5/5 "Pretty good"
      I am holding my life insurance from SBI LIFE but i am not satisfied with this policy because the service is not good but it is a very good which gives the good returns. I am using it since last 2.5 years the tenuity period is for the 15 years and the premium is on monthly basis i pay.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 24, 2018
    • SBI Life Life Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have purchased my life insurance policy with SBI LIFE since last 4 years the reason for taking my policy is that i am a account holder of SBI. They gave me a tenuity period of 20 years and the premium i am paying for yearly once but i am not sure about the sum amount.
      Was this review helpful? 0
      , indore
      Reviewed on Aug 21, 2018
    • SBI Life Life Insurance
      "BEST"
      0.5 5.0/5 "Blown Away!"
      I have taken my life insurance policy with the SBI LIFE the reason is that it is giving me a very good returns. I have been using nit since last few years and the maturity period is for the 5 years and it is a short term policy. the premium what they have provided to me is very good but i pay with my bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 18, 2018
    • SBI Life Life Insurance
      "Overall good"
      0.5 5.0/5 "Blown Away!"
      SBI Life is also good when it comes to policy benefits and the sum assured. I have a life insurance with them. It is a normal traditional policy. The customer services and response is good. The payment options are also easy and I have find no hassles to pay a premium.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 22, 2018
    Common Loader Icon