SBI Life insurance is India’s one of the leading Life insurance providing listed companies registered with IRDA in march 2001 also facilitates with plans like retirement, child education, wealth creation, and more.
Table of Contents
Features of SBI Life Insurance
- Over Rs. 133,888 crore till date.
- 930+ branches across India
- More than 3,15,95,523 policy holders
- Provide plans as per your requirements.
- Plans like Insurance Protection Plan, Retiremnet Benefits, Childs Future plans and more.
- Online and Offline both the options are available
Life Insurance plans SBI Provides
SBI has many protection plans listed below:
1] Arogya Sheild
This is a combo of health and a life protection plan. This provides health cover with life cover to protect your family in event of your demise.
| SL.No | Eligibility Criteria | Health Insurance Cover | Pure Term Life Insurance Cover |
|---|---|---|---|
| 1 | Entry Age | 91days-65years | 18years-65years |
| 2 | Policy Term | 3 years | up to 40 years |
| 3 | Minimum sum Insured | 1,00,000 | 5,00,000 |
| 4 | Maximum sum Insured | 3,00,000 | 25,00,000 |
| 5 | Age at Maturity | Life long renewals | 23-70 years |
| 6 | Who can be covered | Self+spouse and up to 2 dependent children | Policyholder |
2] SBI Life – eShield Next
This plan provides you with financial immunity and also takes care of your future as life continues.
| SL.No | Eligibility Criteria | Life Insurance Cover |
|---|---|---|
| 1 | Entry Age | 18-65 years |
| 2 | Policy Term | 5years to 85/100 less entry age |
| 3 | Minimum sum Insured | 50,00,000 |
| 4 | Maximum sum Insured | No limit |
| 5 | Age at Maturity | up to 100 years |
| 6 | Who can be covered | Policyholder |
3] SBI Life – Saral Jeevan Bima
This plan provides term insurance with affordable premium costs.
| SL.No | Eligibility Criteria | Life Insurance Cover |
|---|---|---|
| 1 | Entry Age | 18-65 years |
| 2 | Policy Term | 5-40 years |
| 3 | Minimum sum Insured | 5,00,000 |
| 4 | Maximum sum Insured | 25,00,000 |
| 5 | Age at Maturity | up to 70 years |
| 6 | Who can be covered | Policyholder |
4] SBI Life – Poorna Suraksha
This plan provides auto-rebalance life and critical illness cover according to your age.
| SL.No | Eligibility Criteria | Life Insurance Cover |
|---|---|---|
| 1 | Entry Age | 18-65 years |
| 2 | Policy Term | up to 30 years |
| 3 | Minimum sum Insured | 20,00,000 |
| 4 | Maximum sum Insured | 2.5 crores |
| 5 | Age at Maturity | 28-75 years |
| 6 | Who can be covered | Policyholder |
5] SBI Life – Sampoorn Cancer Suraksha
This plan prepares you and your family financially to fight Cancer.
| SL.No | Eligibility Criteria | Life Insurance Cover |
|---|---|---|
| 1 | Entry Age | 6-65 years |
| 2 | Policy Term | 5-30 years |
| 3 | Minimum sum Insured | 10,00,000 |
| 4 | Maximum sum Insured | 50,00,000 |
| 5 | Age at Maturity | up to 75 years |
| 6 | Who can be covered | Policyholder |
6] SBI Life – Smart Shield
This is a complete term plan to protect your family financially.
| SL.No | Eligibility Criteria | Life Insurance Cover |
|---|---|---|
| 1 | Entry Age | 18-60 years |
| 2 | Policy Term | 5-80 years |
| 3 | Minimum sum Insured | 25,00,000 |
| 4 | Maximum sum Insured | No limit |
| 5 | Age at Maturity | up to 80 years |
| 6 | Who can be covered | Policyholder |
7] SBI Life – Saral Sawdhan Plus
This plan provides the merit of getting your premium back with financial security.
| SL.No | Eligibility Criteria | Life Insurance Cover |
|---|---|---|
| 1 | Entry Age | 18-65 years |
| 2 | Policy Term | 10-30 years |
| 3 | Minimum sum Insured | 5,00,000 |
| 4 | Maximum sum Insured | No limit |
| 5 | Age at Maturity | up to 75 years |
| 6 | Who can be covered | Policyholder |
8] SBI Life – Grameen Bima
This is a pure term micro-insurance plan at affordable costs
| Sl.No | Eligibility Criteria | Life Insurance Cover |
|---|---|---|
| 1 | Entry Age | 18-50 years |
| 2 | Policy Term | 5 years |
| 3 | Minimum sum Insured | 10,000 |
| 4 | Maximum sum Insured | 50,000 |
| 5 | Age at Maturity | up to 50 years |
| 6 | Who can be covered | Policyholder |
How to claim your Insurance with SBI Life Insurance?
You can claim via two ways i.e, Online and Offline :
Online
- Go to official website of SBI Life Insurance.
- Click on ‘ Services for existing Customers’
- Now click on ‘ claims and Maturity’
- Fill out the details asked.
- Click on ‘submit’
- Your information will verify and if all info is correct your application will be approved.
- The amount will be transfer to your bank account as early as possible.
Offline
Visit your nearest SBI Life branch with the required documents and information and fill out an application form. If all info is correct your application will be approved. The amount will be transferred to your bank account as early as possible.
Contact Details
Call – 1800 267 9090
Email – info@sbilife.co.in
Official Website – SBI Life Insurance
FAQs
1] can I pay a premium online?
Yes, you can pay premium online by login into the SBI life website and selecting the option ‘Pay Premium Online’ option. Choose your plan and pay the premium.
2] I want to change the nominee of my SBI Life policy?
To change nominee you have to fill out the change of nomination form by visiting the nearest SBI Life branch.
3] What are the modes of payment available to pay my SBI Life premium?
Modes available are Netbanking, payment through Debit card, or credit card options are available.
4] If I cancel my policy will my premium amount be refunded?
Yes, If you are under the free look-back period means the period in which you can cancel your policy you will be refunded.
5] Did Income Tax Deductions cover life insurance?
Yes, Under Income Tax Act,1961 Section 80(C) and in Section 10(10D), subject to the provision stated therein.
