SBI Life Insurance
SBI Life Insurance provides a comprehensive range of life insurance products tailored to protect your family's financial future and ensure peace of mind.
Key Highlights of SBI Life Insurance
Key highlights of SBI Life Insurance include:
| Sum Assured | Up to Rs. 2 Crore or more depending on the chosen plan |
| Policy Term | 5 years to whole life |
| Coverage Type | Individual and family plans available |
| Death Benefit | Guaranteed sum assured paid on the policyholder's death |
| Maturity Benefit | Available with certain plans for financial returns at maturity |
| Critical Illness Cover | Optional add-on for added financial security |
| Age Limit | Policies available for individuals aged 18 to 65 years |
Features & Benefits of SBI Life Insurance
Comprehensive Plan Options
- A variety of plans including term, whole life, ULIP, and endowment policies.
- Flexible premium payment options, including monthly, quarterly, and yearly payment modes.
- Eligible for tax deductions under Section 80C and 10(10D) of the Income Tax Act.
- Enhance your coverage with riders such as critical illness, accidental death benefit, and waiver of premium.
- Receive maturity benefits and bonuses with select plans, assisting you in achieving your financial objectives.
Tax Benefits
Add-On Riders
Maturity and Bonus Benefits
SBI Life Insurance FAQs
How to apply for SBI Life Insurance?
Visit our website, select your preferred life insurance plan, and complete the online application form.
What is the claim settlement process?
Submit the required documents, and our dedicated team will ensure a prompt and hassle-free claim settlement process.
Does SBI Life Insurance offer ULIP plans?
Yes, SBI Life offers ULIP plans that combine insurance coverage with investment benefits.
Can I add riders to my SBI Life policy?
Yes, you can enhance your policy with additional riders such as critical illness cover, accidental death benefit, and waiver of premium.
What are the exclusions in the policy?
Exclusions include suicide within the first year, death due to intoxication, and other specified conditions.
