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

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

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.

Choose Term Insurance Plan as per you need

Plans starting from @ ₹473/Month*
Term Insurance
1 Crore Term Insurance
Term Insurance
2 Crore Term Insurance
Term Insurance
4 Crore Term Insurance
Term Insurance
5 Crore Term Insurance
Term Insurance
6 Crore Term Insurance
Term Insurance
7 Crore Term Insurance
Term Insurance
7.5 Crore Term Insurance
Term Insurance
8 Crore Term Insurance
Term Insurance
9 Crore Term Insurance
Term Insurance
15 Crore Term Insurance
Term Insurance
20 Crore Term Insurance
Term Insurance
25 Crore Term Insurance
Term Insurance
30 Crore Term Insurance
Term Insurance
15 Lakh Term Insurance
Term Insurance
60 Lakh Term Insurance
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SBI Life Term Plans Reviews & Ratings

4.7 / 5 (Based on 67 Reviews)
(Showing Newest 10 reviews)
Yogendra
Gujarat, July 22, 2024
Renewed Term Plan
I recently renewed my term insurance through PolicyBazaar, and I could not be more satisfied with the service.
Virendra
Madhya Pradesh, July 22, 2024
Budget Fit
I had been struggling to find the right term plan that fit both my needs and my budget, I found this platform and I really found a perfect term plan that fits in my budget.
Pravin
Uttar Pradesh, July 22, 2024
Variety Of Term Plan
The variety of Term plan options available is impressive
Rakesh
Haryana, July 22, 2024
Very Pleased
Very pleased with the service and support from PolicyBazaar.
Shiv
Delhi, July 22, 2024
Best Choice for Young Couples
As newlyweds, my husband and I wanted to secure our future together. Kotak Lifes Term Plan gave us high coverage with a low premium. Its the best choice for young couples starting their journey together.
Raja
Maharashtra, July 22, 2024
Easy Navigation
Easy navigation on Policybazaar helped me select a plan from Aegon effortlessly.
Farmaan
Madhya Pradesh, July 22, 2024
Trusted and Detailed
Policybazaar really made the entire term insurance buying process easy. I was able to buy my policy online in just a few minutes.
Vivek
West Bengal, July 22, 2024
Quick and Reliable
Quick and reliable process on Policybazaar helped me pick SBI Life without any delays.
Doodhnath
Uttar Pradesh, July 22, 2024
Easy and Comprehensive
Easy and comprehensive platform on Policybazaar helped me pick Tata AIA for its extensive coverage.
Shelender
Telangana, July 22, 2024
Simple and Quick
Simple and quick process on Policybazaar helped me choose a plan from Aegon.
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