SBI Life Insurance
SBI Life Insurance is a leading life insurance company offering multiple solutions, including term plans, child plans, ...Read More
The headline features and policy mechanics, at a glance.
Affordable premium options starting from entry-level to comprehensive whole-life protection.
Industry-leading approval rate on eligible life insurance claims in the most recent fiscal year.
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
Choose from level cover, increasing cover, and return-of-premium variants.
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
Branch offices and claim service centres across India for easy policy servicing.
SBI Life Insurance Plans are categorized under savings plans, protection plans, wealth creation insurance plans, retirement plans, child plans, money back/income plans, and more, catering to individuals with different financial and protection needs. SBI Life Insurance is a collaboration between the State Bank of India and the French Financial Institution BNP Paribas Cardif. SBI Life Insurance holds a 55.50% stake in the company, and BNP Paribas Cardif owns a 0.22% stake, along with other investors.
SBI Life Insurance Company caters to your insurance needs by offering:
Choice of plan variants: Various SBI Life Insurance plans offer different variants, allowing you to choose one that fulfills your specific requirements.
Special premium rates for women or non-smokers: SBI Life Insurance plans offer special discounts for women and non-smokers, which can be availed when paying first-year premiums.
Choice of sum assured: With SBI Life Insurance, you can choose the sum assured as per your requirements.
Multiple Premium payment modes: SBI Life Insurance offers multiple premium payment modes to cater to diverse individual needs.
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In this video, we dive deep into the SBI Smart Fortune Builder plan, an ideal option for long-term investors. Learn how this unique product combines the benefits of life insurance with investment growth, offering you a great opportunity to build your financial future.
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Are you looking to cancel your SBI Life Insurance policy? In this video, we’ll guide you through the complete process of cancelling your SBI Life Insurance—whether you are still in the free-look period or planning to surrender the policy after a few years.
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SBI Life Insurance Plans offer multiple benefits. Read below to understand the advantages provided by the insurer.
The company provides a wide range of life insurance plans, covering individuals through various stages of life. With an SBI Life Insurance policy, customers can efficiently plan their finances and protect their loved ones. The company offers a plethora of insurance products, including pure protection plans, investment plans, money-back plans, retirement plans, and child plans. Individuals can select the plans best suited for them.
SBI Life Insurance Plans offer multiple plans that are easily available and can be purchased via a hassle-free online process. The company offers an efficient and quick online purchase portal for its customers.
With an impressive 97.05% claim settlement ratio, SBI Life Insurance plans are among the most reliable for customers. The company settles claims quickly within the promised timeframe. SBI Life Insurance also provides prompt customer support to resolve queries regarding the claim settlement process, aiding in a smooth settlement.
SBI Life Insurance plans are consistently awarded for their capability to provide financial protection to customers. SBI Life Insurance was recognized as an Amiable Insurer in the Life Insurance-Large Category at ET Insurance Summit and Awards. Many such awards have been bestowed upon the insurer, making it among the top recognized insurers in the industry.
SBI Life Plans offer versatile insurance plans with multiple features and additional benefits at affordable premium prices. The plans also offer flexible premium payment options, making it easy for customers to plan their finances.
Every plan currently being sold by SBI Life Insurance, shown side-by-side so you can shortlist quickly.
SBI Life - Smart Shield Premier is a plan designed for individuals who want enhanced financial protection and flexibility. This plan offers comprehens...
SBI Life Flexi Smart Plus is a non-linked life insurance plan. This plan offers comprehensive life insurance cover along with investment opportunities...
Side-by-side across the 2 most-bought SBI Life Insurance plans on PolicyX.
| Feature | SBI Life Smart Shield Premier | SBI Life Smart Flexi Term Plus |
|---|---|---|
| Plan type | Term Plan | SBI Life Insurance Plans |
| Sum assured | Limited pay, regular pay | Annual, half-yearly, quarterly & monthly |
| Entry age | 18 years-60 years | Minimum Age - 18 years, Maximum Age - 60 years |
| Top benefits | abcd | Guaranteed Bonus · Partial Withdrawals |
Enhance your life plan with optional add-on riders for broader protection.
SBI Life Accidental Death Benefit Rider
This rider provides an additional sum assured if the policyholder dies within 120 days due to an accident.
SBI Life Accidental Total and Permanent Disability Rider
This rider offers the sum assured if the policyholder suffers from total and permanent disability due to an accident.
For policy purchase and claim submission. Have these ready before you start.
Photo ID Proof
Age Proof
Address Proof
Medical Records
Income Proof
Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.
Every claimant/nominee is assigned a dedicated Claims Relationship Officer to assist throughout the process. The life insurance claim settlement process at SBI Life Insurance involves the following three steps:
Inform the company about the incident via email (claims@SBILife.com), toll-free number (1800-103-7766), the online claim form on its website, or by visiting the nearest branch. A claim reference/intimation number will be provided upon successful registration.
Submit the necessary documents requested by the insurer to process the claim. For natural death: death claim form, death certificate, original policy documents, claimant's identity & residence proof, medical records, and nominee's account details. For accidental death: the same documents plus FIR and post-mortem report.
After receiving all documents and claim forms, the insurer will verify the details as per their norms. If additional details are required, they will contact you via call or email. Upon successful completion, the claim will be settled, and the amount will be transferred to the nominee's bank account, with communication via call or email.
SBI Life Insurance claim settlement can be reported by visiting a local SBI Life Branch Office. For details of SBI Life Insurance branches, visit their website to locate the nearest one. Submit the essential documents at the branch for claim processing.
The standard inclusions and exclusions across SBI Life Insurance plans. Specific plans may add benefits — always check the policy wording before purchase.
In conclusion, SBI Life Insurance offers a range of life insurance plans to meet the financial needs of customers across India. With its pan-India presence, SBI Life Insurance could be the best life insurance policy for you. For more information on SBI Life Insurance, contact PolicyX.com 24/7. Our trusted insurance advisors will listen to your concerns and suggest the best possible solution.
Don't just take our word for it — check out what our happy customers say about us!
All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.
Ravindra SinghI highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.
Priti VarshneyI'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.
Nisha MaryI bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.
Ajay ShahPolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.
Vijay RathodI purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.
Uma MahajanThe 12 most-asked questions about SBI Life Insurance, answered.
Aggregate ratings from 923 verified PolicyX customers who bought a SBI Life Insurance plan.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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