SBI Life Insurance Policy Statement

The SBI Life Insurance Policy statement gives you all the detailed view of the premium payments, policy status, and the benefits accumulated over time. This document should be handy when you are planning your finances or filing returns on tax, in such a case it provides information about the performance of policy and the benefits you avail. Tracking your SBI Life Insurance policy statement is important in maintaining the transparency and making sure that your financial planning should be on the basis of up-to-date and accurate information.

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What is SBI Life Insurance Policy Statement?

The SBI Life policy statement is important for policyholders, as it offers a detailed view of the policy status, premium payments, and benefits accumulated over time. Knowing how to access the SBI Life policy statement is crucial for managing your plan effectively and making sure you are up-to-date with all required details regarding your purchase.

When filing tax returns or planning your finances, this document should always be readily available, as it provides a comprehensive view of your policy's performance and the benefits you are eligible for. Getting the statement of your SBI Life Insurance policy is simple using digital channels. Whether you want to download a statement, check the current status of your SBI Life insurance policy, or make life insurance premium payments, the online platform of SBI Life provides a hassle-free experience.

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How Can I Download my SBI Life Policy Statement in 2026?

Downloading the SBI Life policy status statement online is very easy and can be done in some simple steps:

Step 1: Visit the SBI Life official website.

Step 2: Log into the customer portal using their customer ID or policy number.

Step 3: After logging in, go to ‘My Policy’ tab to view your insurance plan statement.

Step 4: Download the statement directly from your mobile or computer.

This entire process will save time and ensure that you’ve a digital record of your plan details available anytime.

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How can I Download My SBI Life Policy Statement Without Registration?

If you prefer not to register online, you can also obtain your SBI Life policy statement. You can contact SBI Life's customer service and request that a hard copy be sent to your registered email address.

Additionally, you can visit the SBI Life official branch and provide your policy number, which will enable you to obtain a printed SBI Life statement. With these options, policyholders can access their SBI life policy status details.

What are the Steps to Pay SBI Life Policy Premium On Policybazaar?

The SBI Life Insurance policy premium payment is easy and flexible with a number of payment options that include using the Policybazaar Online portal or using the Policybazaar app. The following are the steps to follow:

Step 1: Visit the Official website of Policybazaar and go to Term Insurance

Step 2: Enter basic details such as Name, Date of Birth, and Phone no. and click on ‘view plans’ button.

Step 3: Submit details about your occupation, educational qualification, annual income and smoking habits.

Step 4: Compare the policy details of the different term plans available

Step 5: Select SBI term life insurance that fits your requirement.

Step 6: Proceed to pay via debit card, credit card, or net banking.

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What Information is Included in the SBI Life Insurance Policy Statement?

The key information included in the SBI Life Insurance policy statement is mentioned below:

Policy Schedule: The policy schedule includes various forms that are mandatory to complete in order to purchase the policy. The schedule helps applicants provide the required information about beneficiaries or policyholders systematically, enabling them to manage their policy effectively.
Policy Booklet: This booklet provides a clear and precise overview of all policy details. The booklet offers key information about a specific insurance policy.
Policy Definitions: This section provides definitions of all critical terms and abbreviations used repeatedly in the policy booklet and other policy-related documents.
Policy Benefits: The SBI Life Insurance policy statement outlines the benefits offered by SBI Life Insurance through its various insurance policies, catering to the diverse needs of beneficiaries across different strata of society.
Enrollment Clauses: The policy statement also provides the information and clauses that are mandatory for each applicant to follow if they wish to purchase the policy. The enrollment clauses help beneficiaries obtain the optimal benefits from the policy in accordance with SBI Life Insurance's norms.
Termination Clauses: The statement also includes termination clauses that are critical to every policyholder. SBI Life Insurance can terminate the policy for policyholders in the event of any breach of the norms as mentioned in the clauses.
Provisions: The statement includes provisions that make the SBI Life Insurance and other establishments responsible for managing the policy. It also includes conditions where the beneficiaries can take the opportunity to make more informed choices after purchasing the policy. The provisions include details regarding taxation, free look period, grace period, nomination, assignment, and other related information.
Complaints and Grievance Management Process: SBI Life Insurance's policy statement also includes details regarding the complaints and grievance management mechanisms in case of any discrepancies or issues found while managing the policy by the beneficiaries or other establishments.

Wrapping Up!

It is important to be aware of your SBI Life policy statement and ensure premiums are paid on time to manage your life insurance plan. With the availability of online services and various payment options, SBI Life Insurance makes it easy for policyholders to keep a track and maintain their SBI plans carefully. Always keep your plan information handy for a hassle-free experience in managing your life insurance plan.

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FAQs

Q: What are the provisions mentioned by SBI Life Insurance if the original policy document is lost or misplaced?

Ans: The policyholders can apply for duplicate policy documents if they lose or misplace the original policy document.
Q: How can I check the SBI Life Insurance policy status?

Ans: SBI Life Insurance allows policyholders to check the SBI Life policy status at the company website by providing registered mobile numbers and policy details. They can check other related information on the website or call the customer service team for further assistance.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹360/month is the starting price for a ₹99 lakhs loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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