SBI Life Insurance Price List in India
SBI Life insurance policy company is offering countless customers throughout India with their varied items which provide to team as well as individual customers. The approach of financial institutions of India SBI Life is "Client First" which means that it places great focus on preserving First-rate running effectiveness and providing a problem-free claim negotiation experience to the customers. SBI Life insurance policy company has various insurance items that fit individual as well as institutional customers.
SBI Life insurance policy company limited has a large presence in Frying pan India through its 947 workplaces which are running from various components of the nation. They have an efficient individual network of 1,70,096 representatives, 57 Corporate representatives, an extensive Bancassurance network of 14 companions, greater than 28,000 companion branches, and 107 brokers and various other insurance marketing companies. SBI Life had the ability to touch over 4.3 Lakhs direct recipients through various CSR efforts.
About SBI Life Insurance Highlights
SBI Life Insurance Key Features
Claim Negotiation Proportion: An insurance provider that has a great claim negotiation proportion as a greater proportion suggests better claim credibility of the company. The SBI life insurance policy Claim Negotiation Proportion suggests how many claims have been worked out from the total variety of claims sent in a provided year.
Solvency Proportion: The solvency proportion of an SBI life insurance policy company helps an individual to know the company's ability to satisfy its long-lasting monetary duty. IRDAI stated that every life insurance policy company to maintain a solvency proportion of 1.5. But SBI life has a 2.15 solvency proportion compared to various other companies that offer equity shares too.
Sales number: Life Insurance of SBI Company runs throughout the nation with 947 workplaces, efficient individual representatives of about 170,096 representatives, 57 corporate representatives, 28000+ companion branches, and various other insurance marketing companies.
Online Accessibility: monetary year structure and business position of any insurance company are essential to estimate its market share. The company has seen development in its yearly premium over the previous couple of years which in transform has enhanced its market share to 20%.
SBI Life Insurance Benefits
Variety of Items: SBI life insurance policy provides its customers with a wide variety of items. You can choose the plan that fits your needs and budget. Every plan varies from each various other and they can in shape your requirements and budget as well.
Affordable Plans: SBI Life Insurance provides extensive life cover at an inexpensive premium rate. Some SBI Life Insurance plans provide many options at an extremely affordable premium rate.
Excellent Client Solution: SBI Life Insurance Company is among the prominent life insurance policy service companies of affordable plans. It provides excellent customer support to its customers. Their client treatment solution comes 24x7 on their website this helps the client to stay gotten in touch with the insurance provider.
Tax obligation Benefit: In the SBI Life insurance coverage, tax obligation benefits can be declared under Area 80C and Area 10 (10D) of the Earnings Tax obligation Act, 1961.
SBI Life Insurance Benefits
- SBI Life Insurance Plans List
- SBI Life Insurance Individual Plans
- SBI Life Insurance Online Plans
- SBI Life Insurance Savings Plans
- SBI Life Insurance Protection Plans
- SBI Life Insurance Riches Development Plans
- SBI Life Insurance Retired life Plans
SBI Life Insurance Money Back/Earnings Plans
- SBI Life Insurance Combination Plans
- SBI Life Insurance Team Plans
- SBI Life Insurance Corporate Service Plans
- SBI Life Insurance Team Loan Protection Plans
- SBI Life Insurance Team Mini Insurance Plans
SBI Life Insurance Protection Plans:
| Protection Plans | What is it? | Age of Entry | Annual Premium | Benefits |
| SBI Life eShield Next | This protection plan is to give financial support to present needs and also covers the changes of life to the daily needs. | 18 years | Rs. 3600 | Three Plan, Two Rider options, and better half & Death payment mode. |
| SBI Life Saral Jeevan Bima | This protection plan secures your family with affordable cost in unpredicted problems. | 18 years | Rs 1,415 to 1,01,025 | Standard term plan and gives multiple premium payment options. |
| SBI Life Poorna Suraksha | This protection plan covers you with critical illness cover. | 18 years | Rs 3000 to 9,32,000 | Increasing Critical Illness cover and premium waiver benefit. |
| SBI Life Sampoorn Cancer Suraksha | This protection plan is mainly for patients who are suffering from cancer. | 6 years | Rs. 600 | Monthly Income Benefit and Easy payout on the diagnosis. |
| SBI Life Corona Rakshak Policy | This protection plan specially designed for coronavirus/ covid-19 defeaters. | 18 years | Rs. 156 to 2,230 | No medical Examination and easy payout. |
| SBI Life Smart Shield | This protection plan is for securing your families financially and keeping them safe | 18 years | Rs. 3000 | Two Rider options and secure from liabilities. |
| SBI Life Smart Swadhan Plus | This Protection Plan covers you from the return of premiums, protect your families from active policies | 18 years | Rs. 2300 | Refund of premiums and reasonable costs. |
| SBI Life Saral Swadhan+ | In this Protection plan offers life insurance fixed life cover and return of premiums paid at maturity. | 18 years | Rs. 1,500 to 5,000 | Fixed maturity benefit and Life cover. |
| SBI Life Grameen Bima | This protection plan is also known as the micro-insurance plan covers you from family financial security at affordable costs. | 18 years | Rs. 300 to 2,000 | Easy registration process and premium choosing option |
SBI Life Insurance Child Plans:
| Child Plans | What is it? | Age of Entry | Annual Premium | Benefits |
| SBI Life Smart Champ Insurance plan | This SBI Life child plan is to secure the child’s educational needs. | Child: 0 years Proposer:21 years | Rs. 6,000 | Payouts are based on the child’s age and premium waiver benefit |
| SBI Life insurance child plan Smart Scholar | This child insurance plan covers for your children and gives returns on invested money. | Child: 0 years Proposer:18 years | Rs. 24,000 | Periodic loyalty and Marked linked returns. |
SBI Life Insurance Savings Plans:
| Savings Plans | What is it? | Age of Entry | Annual Premium | Benefits |
| SBI Life Smart Platina Assure | This savings plan is an individual, non-linked, non-participating assurance that gives you returns for some period. | 3 years | Rs. 50,000 | Premium payment for 6 to 7 years and monthly or yearly payments. |
| SBI Life New Smart Samriddhi | This savings plan covers your family in an unhappy situation and gives your policy rewards | 18 years | Rs 12,000 to 75,000 | Covers you throughout life and it has a simple process. |
| SBI Life Smart Future Choices | This savings plan is a net profit assurance plan that covers savings and income tax benefits under a single plan. | 18 years | Rs 1,00,000 | Avail Cash Bonus benefits |
| SBI Life Shubh Nivesh | This savings plan is a profit assurance plan that covers savings and income under a single plan. | 18 years | Rs. 6000 | Whole Life Insurance and Regular flow of income. |
| SBI Life Smart Bachat | This savings plan secures your family’s future and meets investment needs. | 8 years | Rs. 5,100 | Benefits you with limited premium payment term |
| SBI Life Smart Humsafar | This savings plan secures you and your spouse under a single policy. | 18 years | Rs. 6000 | Insurance cover for spouse and waiver of premium |
SBI Life Insurance Pension plan Plans:
| SBI Life Retirement Plans | What is it? | Age of Entry | Annual Premium | Benefits |
| SBI Life Retire Smart plan | This plan secures you with an investment plan to the future with investments during earning years. | 30 years | Rs. 24,000 | Minimum Assured maturity amount and safeguarding it. |
| SBI Life Annuity plus | This plan covers you in a single premium payment of annual/pension for life. | Can Include Family members and Regular income through an annuity. | ||
| SBI Life Saral Retirement Saver | This plan secures you with post-retirement financial needs | 18 years | Rs 7,500 | Build a retirement plan simply and get regular bonuses. |
| SBI Life Saral Pension plan | This plan secures you with a regular pension for the rest of your life. | Lifelong regular income with the return of purchase price. |
SBI Life Insurance Money-Back/Earnings Plans:
| Income Plans | What is it? | Age of Entry | Annual Premium | Benefits |
| SBI Life Smart Money Back Gold | This insurance plan covers periodic income to meet your financial needs. | 14 years | Rs. 9,500 | SBI life insurance Money back plans options and sum assured is of 110% survival benefit. |
| SBI Life Smart Money Planner | This insurance plan has benefits of security to your family and regular income. | 18 years | Based on Sum Assured | Regular income benefits you with period payment. |
| SBI Life Smart Income Protect | This insurance plan is savings plan covers you with life-secure and regular cash over a period of 15 years. | 8 years | Based on Sum Assured | Regular Annua |
SBI Life Insurance Riches Development Plans:
| Wealth Plans | What is it? | Age of Entry | Annual Premium | Benefits |
| SBI Life eWealth Insurance | These ULIPs help to grow your wealth which benefits market-linked returns on invested money. | 5 years | Rs. 24,000 | Buy sbi online life insurance easy process and two plan options |
| SBI Life Smart InsureWealth Plus | This plan covers 3 investment strategies of disciplined savings, wealth savings, and flexibility of systematic monthly withdrawal. | 0 years | Rs 4,000 | 9 diverse funds under the smart choice, easy monthly insurance. |
| SBI Life Saral InsureWealth Plus | This ULIP plan offers flexibility in a periodic monthly withdrawal. | 0 years | Rs 8,000 | Easy Monthly Insurance, 8 different funds. |
| SBI Life Smart Wealth Builder | This unit-linked insurance plan has one or many investment funds. | 2 years | Rs. 30,000 to 2,50,000 | Increased investment options |
| SBI Life Smart Wealth Assure | This plan helps to cover market-linked returns with insurance coverage with only a one-time premium. | 8 years | Rs. 50,000 | Single premium and market-linked returns. |
| SBI Life Smart Power Insurance | This plan gives you reasonable premiums and gives returns also with current investment. | 18 years | Rs. 15,000 | Two Plan Options and unique fund options. |
| SBI Life Smart Elite | This plan covers you with savings which cover through market-linked returns. | 18 years | Rs. 1,50,000 | A broad range of funds. |
| SBI Life Smart Privilege investment plan | This plan contains 11 funds with infinite free switches and redirections. | 8 years | Rs. 6,00,000 | Ultra-high Net-worth Individuals and regular add-ons. |
SBI Life Insurance Team Plans:
SBI Life Insurance Corporate Plans:
| Corporate Solution Plans | What is it? | Benefits |
| SBI Life Kalyan ULIP Plus | This plan is a fund-based plan for employer-employee groups. One-stop solution that combines with donations. | Market – Linked, allegiance add-ons. |
| SBI Life Pradhan Mantri Jeevan Jyoti Bima Yojana | This plan covers the family’s future cover 2 lakh at casual prices. | Easy and Swift process. |
| SBI Life CapAssure Gold | This plan covers the needs of Employers or State & Central government employees’ retirement benefits of donations, leave exchange, and pension. | SBI Life Employee benefits solutions and customized services |
| SBI Life Sampoorn Suraksha | This plan is to cover yearly renewal SBI group term insurance plan including for formal and informal groups. It gives comprehensive insurance designed for single-person needs. | Comprehensive insurance coverage, High degree of flexibility. |
| SBI Life Swarna Jeevan Plus | This plan covers for corporate clients, to purchase annual liability. | Single and Joint Annuity. |
SBI Life Insurance Team Loan Protection Plans:
Team Loan protection plan includes one variation of SBI Life RiNn Raksha plan talks about listed below:
SBI Life RiNn Raksha: This plan is to cover your financial obligation and settle your funding company simply in situation of any happenings. Benefits of Extensive Life Insurance Coverage for your loan and loan cover call.
SBI Life Insurance Team Mini Insurance Plans:
Team micro-insurance plan includes one variation of SBI Life Grameen Very Suraksha plan discussed listed below:
SBI Life Grameen Very Suraksha: This plan is to cover insurance coverage for your team call guarantee participants at reduced costs. The benefits of this plan are secure to cover the quantity and premium payment.
- SBI Life Insurance Riders
- SBI Life Unintentional Fatality Benefit Biker
- SBI Life Unintentional Fatality Benefit Connected Biker
- SBI Life Unintentional Total and Long-term Impairment Biker
- SBI Life Critical Disease Non-Linked Biker
- SBI Life Call Biker
- SBI Life Insurance Premium Waiver Benefit Biker
- SBI Life Insurance Sped up Extended Critical Disease
- SBI Life Insurance Calculator
SBI Life insurance policy price calculator is an useful device that offers a costs you should be paid based upon the amount guaranteed from your plan. It helps you obtain premium estimates in mins with no paperwork. While several factors need to be taken into account, consisting of your earnings, age, and lifestyle, if you follow the actions provided listed below and use a precise insurance computation, you'll have the ability to obtain a real computation of how a lot insurance premium you should be spend for the plan chosen. The premium calculators available on the SBI Life Insurance website are:
- Human Life Worth Calculator
- Child Education and learning Coordinator
- Retired life Coordinator
- Need Evaluation Coordinator
- Objective Coordinator
- Cost of Cigarette smoking cigarettes
- Future Cost Coordinator
- Future worth of monthly savings
- Individual Tax obligation Rate
- Power of Compounding
- Family Upkeep Coordinator
- Health and wellness Tax obligation Conserving
- Marital relationship Monetary Coordinator
- Present Worth of Future Earnings
- Risk Analyzer & Possession Allocator
- Area 80C Tax obligation Calculator
- Time to Double Your Money
- Your Individual Monetary Coordinator
How to Buy SBI Life Insurance Plan at PolicyBachat?
The process of buying an SBI life insurance policy Plans online has become simple with PolicyBachat. For buying a life insurance policy plan online please visit Life Insurance and follow the listed below actions.
Step1: Enter the information such as Sex, Yearly earnings from all resources, Alcohol consumption and cigarette consumption, Incomes or Self-employed, and Day of Birth. After this, you need to enter your contact information to facilitate a phone call from our representative.
Step2: Currently the premium from various insurance provider will be displayed on the screen. You can modify the information such as Coverage, Call, Premium payment technique, Setting of claim negotiation, and so on., and send the information to obtain the preferred premium. The premium can be changed by changing various other factors such as Coverage required, setting of payment, and so on.
Step3: The next step is to select the best life insurance policy plan and pay the premium to the insurance company before proceeding to complete the proposition form information.
SBI Life Insurance Revival
The revival of a life insurance coverage from SBI Life Insurance Company can be done either online or offline. Let us understand the process of revival of a life insurance coverage from SBI:-
Online Revival:
- Visit the online portal and enter the basic information of your plan
- Once you get on the website or client portal web page of the particular company, you'll obtain a choice to pay the premium.
- You'll need to provide certain information such as the plan number and your day of birth. After the information is entered, the web page will display the quantity that needs to be spent for revival.
- Use the setting of payment provided to pay the premium quantity had to restore the plan. The Invoice number will be displayed on effective payment.
Offline Revival:
- To restore the call plan offline you'll need to contact us with the representative that sold the plan or visit a branch of the insurance provider.
- You'll need to provide information such as name, plan number, and day of birth for the insurance business company to bring the information of revival.
- The insurer's exec will notify you about the premium you'll need to pay to restore the plan.
- After you pay the revival quantity, you'll be issued a costs payment invoice specifying the revival of the plan. The invoice can be used to get tax obligation benefits.
How to Claim SBI Life Insurance Plan?
At SBI Life insurance policy, you can enjoy your present stress-free for the future. Through our claim Intimation and Negotiation Process, we aim to recognize this dedication. We make every initiative to ensure that you receive the claim quantity that you or your family are qualified to, quickly and easily. There are 2 kinds of claim negotiation process online process and offline process.
Online Process
- Visit the official website of SBI Life Insurance.
- Click ‘Services for Current Customers'.
- Click ‘Claims and Maturity'.
- Enter information such as plan number, day of birth, and kind of claim.
Click ‘Submit'.
Once you have sent it, the insurance company will confirm the information if the information are found to be correct, the claim application will obtain approved. If need help? Call SBI life insurance policy client treatment number: 1800 267 9090.
Offline Process
- Visit the nearest SBI Life Insurance Company branch.
- Carry documents required to obtain the claim.
- Send the appropriately filled claim application.
If the insurance company discovers all the documents to be correct, the policyholder will down payment the claim total up to your checking account.
Documents required for declaring SBI Life Insurance
- Picture ID Evidence
- Initial Fatality Certification
- Present Address Evidence
- Financial institution Account Form
- FIR/ post mortem Record
- Medical facility Therapy Certification
- Employer's Certification
- Copy of Authorities Last Declaration Record
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