SBI Life Term Plans

SBI Life Insurance offers a comprehensive range of term insurance plans that helps you to take care of your financial needs and your altering responsibilities. These plans can easily be purchased online at lower premiums. SBI Term insurance offers various benefits, such as long policy terms, life cover upto 100 years, large life covers, and better half benefit option to secure the family of the policyholder against the eventualities of life.

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SBI Life Term Plans

SBI Life Insurance offers a comprehensive range of term insurance plans that helps you to take care of your financial needs and your altering responsibilities. These plans can easily be purchased online at lower premiums. SBI Term insurance offers various benefits, such as long policy terms, life cover upto 100 years, large life covers, and better half benefit option to secure the family of the policyholder against the eventualities of life.

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Why Should I Buy SBI Term Insurance?

SBI Term insurance plans are customized to provide financial protection and security to the policyholder’s family in case of an unfortunate event. The payout received from this term insurance plan can help your family pay off any remaining loans or other financial obligations.Along with the benefit of death coverage, the term plans also offer rider benefits to enhance the policy’s coverage. With an affordable premium rate, SBI term plans are meant for individuals who wants to create a financial cushion for their families. Here is a list of reasons why buying SBI term plans is important:

In-Built Terminal Illness Benefit (Free)
Increasing cover option availabe where cover increases with age
Highest Claims Settlement Ratio of 99.35%
24 hr claims settlement with dedicated Claims Relationship Office
Covers death due to any pandemic such as COVID-19
Avail second medical opinion from a panel of medical experts
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SBI Life Term Insurance Plans

Here is the list of all the term insurance plans offered by SBI Life Insurance that fits your financial requirements:

Critical Illnesses Covered Under SBI Term Insurance

SBI life term insurance plans provide the option of including the critical illness rider in their base term plan. This rider protects the policyholder against life-threatening ailments during the policy term and provides a financial benefit in case the policyholder is diagnosed with any of the following critical illnesses listed under the plan.

SBI Life Term Insurance Riders

There are several important term insurance riders available within SBI term insurance plans. These riders can be added at nominal premiums to increase the base plan’s coverage and provide additional benefits on top of the base term plan. Here are all the term insurance riders offered under SBI term plans:

Early payout on Terminal illnessExtra Payout on Accidental Death
Extra Payout on Accidental DisabilityCover for spouse
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How Much Cover Do I Need?

HLV, or the human life value, is the estimation of the suitable sum assured you should get to secure your loved ones in your absence. Ideally, the sum assured should be at least 10 to 15 times your annual income to ensure your family’s financial stability in your absence. For example:

Palak is a 19-year-old with an annual income of 4 Lacs and wants to buy term plan suitable for her needs. As per the human life value calculator, the most suitable sum assured for Palak should be 1 crore.

The human life value calculator calculates the maximum life covers you should buy based on your age and annual income. Your family can use the benefit amount to take care of their financial obligations and needs.

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Choosing the Right Sum Assured Option

It is important to select the most suitable sum assured option while choosing the SBI life term insurance plan, as this is the amount that will be paid to your family in case of your untimely death. Here is a list of all the life cover options that might be enough to cover your family’s financial needs in your absence:

SBI Life1 Crore
Term Insurance
SBI Life2 Crore
Term Insurance
SBI Life5 Crore
Term Insurance
SBI Life75 Lac
Term Insurance
SBI Life70 Lac
Term Insurance
SBI Life50 Lac
Term Insurance

Term Insurance Premium Calculator

Our term life insurance calculator in india can help you calculate the following:

Know more about SBI Life Term Plans
Types of term plans

Policybazaar offers the following types of term insurance plans to fit the different needs of Individuals from all walks of life.

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SBI Life Term Plans Reviews & Ratings

4.3 / 5 (Based on 29 Reviews)
(Showing Newest 10 reviews)
Rishi
Abohar, March 10, 2021
Financial stability for my family
I got the sbi general term insurance plan last year as I am concerned about my family. I searched various great plans and got to know into the website of policybazaar. Such great plans. Great work.
Sudhir
Baripada, March 09, 2021
Various good offers
I have recently bought a sbi term insurance plan from the website of the policybazaar. I am happy that policybazaar and team provided me with so many good offers at reasonable prices. Thanks.
Awedesh
Ambala, January 08, 2019
Less costly
This is the plan which I have bought from SBI. Here we have to make the lump sum payment of premium amount. And in case if the person dies then the amount which has been paid will be given to the family. The premium amount is less costly. I like the plan and would recommend everyone.
Vinay
Mubarakpur, October 10, 2016
SBI term insurance
SBI life eshield Term insurance policy which i buy from sbi life insurance ltd is perfect policy plan. Insurance gave me more security and more benefits. Service is fast which is given by the company members. Renewal of the plan can be done through online portal service.
Ojasvi
Sorada, August 24, 2016
Good
My my sbi life eshield insurance policy is the best. Policy gives maximum coverage and claims are good. The service is quick and behaviour is very nice from the whole members of the company. Good decision to take this term insurance plan.
Devesh
Kota, July 27, 2016
SBI term policy
Every one have insurances in this time, so i buy one for me and my family safety. Service given by the company members is fabulous and my plan is sbi term insurance which is a quality product. It gives full facilities to me and my parents.
Nirbhaya
Tezpur, July 27, 2016
Fantastic Insurance
Very fine terms and conditions of my sbi life eshield insurance plan. The coverage is maximum and claims are even better. Services provided by executives of the company is awesome and on time. 24X7 assistance by the staff members.
Pulkit
Katehri, July 27, 2016
High Coverage
SBI eshield insurance plan i have is fabulous, i took it from sbi policy insurers. Just the premiums are little bit high but the returns are huge with good number of benefits. The service is super fast and renewals can be done on web portal.
Lokendra
Madhuban, July 27, 2016
Term plan
The colleague of mine suggested me a online sbi saral plan. The policy is perfect and it coverage ratio is about 91%. Service by the members of the insurance company is quick and due to this the claiming become more easier than before. Sbi policy i have satisfies me completely.
Rahul
Rajkot, April 21, 2016
Great Policy
I buy sbi life term insurance plan. The policy coverage is 94% and the premiums are low ~28 K. The claims are easily sanctioned because the service is fast from the executives side and from online web page also. The policy premiums are 5% less for women. Great investment which saves taxes too.
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