SBI Life Insurance Claim Process

SBI Life Insurance started its operations in 2001, is a joint scheme between SBI (State Bank of India) and BNP Paribas Cardif, two highly distinguished insurance service providers in the market. SBI Life strives to make insurance services accessible to all with its extensive presence across India through its 18,236 employees and 947 offices. The company has a great claim payout and offers a simple and hassle-free way to file a claim. The CSR for FY 2020-21 is 93.09%.

Read more
Get ₹1 Cr. Life Cover at just ₹449/month+
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
Tax Benefit
Upto Rs. 46800
Life Cover Till Age
99 Years
8 Lakh+
Happy Customers
+Tax benefit is subject to changes in tax laws. +Standard T&C Apply
++ Discount is offered by the insurance company as approved by IRDAI for the product under File & Use guidelines
Get ₹1 Cr. Life Cover at just ₹449/month+
No medical checkup required
Save more with upto 10% discount
Covers COVID-19
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use

Let’s discuss the SBI Life Insurance claim process and the documents required:

SBI Life Claim Settlement Process 

SBI Life Insurance plans come with a quick and simple claim settlement process. Insurer allows you to settle a claim offline and online. SBI Life Insurance ensures that the claim amount is received by the eligible person/family, comfortably and easily. The company has acheived a claim settlement ratio of 93.09% in the Financial year 2020-21, indicating a fast settlement of death claims. SBI Life claim process follows 3 quick steps for the hassle-free experience of a customer. 

How to File SBI Life Insurance Death Claim 

SBI Life claim process comprises of 3 easy steps which are: 

  1. Step 1: Claim Intimation 

    In order to intimate the insurer about the claim, the life assured can file the claim via online on the official website of the SBI Life Insurance, or via offline mode i.e., by submitting the completely filled claim application form along with required documents at the SBI’s nearest office branch or life assured can mail the form along with requested documents at the SBI’s official e-mail ID. 

  2. Step2: Documents Submission 

    The life assured is required to submit the requested documents for each type of claim at the online portal or the nearest SBI branch office. Moreover, they may also request for other documents for checking the claim admissibility. In such cases, you will have to submit those documents on time. 

  3. Claim Decision and Settlement 

    All the claims will be examined on the basis of claim documents that you or your family will submit and the details that the insured provided to the insurer in the proposal form. Once a claim settlement and a decision is taken, the amount of the claim will be released as per the policy’s T&Cs. The company claim assistance team will guide you throughout the SBI Life Insurance death claim process in making you understand your requirements and also helps in faster completion of documents submission. You can reach out to info[at] for any further assistance with the SBI Life claim settlement process. 

List of Documents Required for Completing SBI Life Insurance Claim Process 

  1. Compulsory Documents 

    • Claim Application  

    • Original documents of policy 

    • Death certificate (attested/original) issued by a local authority 

    • Present address proof of claimant 

    • Photo ID copy of Claimant 

    • Mandate form 

    • Bank passbook copy 

    • Cancelled cheque having pre-printed bank account number and name

  2. Additional Required Documents 

    • Certificate by Medical attendant 

    • Certificate by the hospital where life assured gets treated  

    • FIR/Panchanama/Post-mortem report copy 

    • Copy of Police Final Report/Inquest Report copy/Chemical viscera examination report/Verdict of magistrate 

If TDS is valid and the buyer is living in a republic where DTAA is valid, the following additional documents will be submitted by the buyer to opt for DTAA advantage for tax exemption: 

  • Form 10F 

  • Certificate of Tax Residency 

  • Proof of Residence give out by the Government of the country in which the buyer is residing 

Important Points to Remember While completing SBI Life Insurance Death Claim Process 

  • The chances of investigation are less if the insurance policy is more than 3 years old 

  • A death claim should be intimated as early as possible after the occurrence of unfortunate even to the life assured 

  • Make sure to submit the documents required to file a claim on time for a speedy decision

Types of Term Plans

Life insurance articles

Recent Articles
Popular Articles
Post Office Gram Suraksha Scheme Calculator

27 Jun 2022

A Post Office Gram Suraksha Scheme calculator is a useful online...
Read more
What happens if you stop paying life insurance premiums?

03 Jun 2022

Buying the best life insurance plan is a wise and learned...
Read more
Postal life Insurance Tax Benefits

26 May 2022

Postal Life Insurance is the oldest life insurer in the country...
Read more
How to Download PLI Statement Online?

24 May 2022

PLI or Postal Life Insurance was an initiative originally...
Read more
Is Life Insurance an Investment?

24 May 2022

The thumb rule to building wealth is to invest your money in...
Read more
How to Check LIC Policy Status, Details, Statement via Online/SMS/Call
Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However...
Read more
How to Cancel SBI Life Insurance Policy?
As per the Insurance Regulatory and Development Authority, you can cancel a life insurance policy taken within 15...
Read more
SBI Life Insurance 50,000 per year Plan for 5 Years
Life insurance is not only about the financial protection of the family but also about working for life’s...
Read more
Surrender Value in Insurance
Have you bought a life insurance policy which is not as per your requirement? Are you planning to terminate the...
Read more
PLI Surrender Value Calculator
PLI Surrender Value Calculators have proven to be one of the simple tools for digitally savvy customers. PLI...
Read more

View Plans
Download the Policybazaar app
to manage all your insurance needs.