Life insurance is mandatory in today's day and age. When it comes to purchasing one, customers opt only for the best cause. It is a one-time investment that helps protect the financial future of the policyholder and his beneficiaries. SBI Life is a dependable insurance provider with a high claim settlement ratio. SBI Life Insurance Calculator can be used to calculate the premiums that a customer is expected to pay if he invests in a life insurance policy.Read more
*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
This gives the customer a good idea regarding the nature of the policy and the financial commitment he is expected to make upon purchasing it.
There are numerous policies available with SBI, and selecting one of them manually can be a daunting task for any customer. The SBI Life Insurance Calculator enables the customers to identify a plan that is perfectly suited to their needs. The customer need not manually sift through every policy.
This online tool helps in determining the premiums that a customer must pay. It, therefore, provides advance intimation on the amount that is expected so that the customer can plan his finances accordingly. The information provided to the calculator will determine the premium amounts.
The SBI Life Insurance Calculator has been developed for the ease and comfort of use of the customers. It is freely available, any time of the day on the official website of the company. Using this tool requires a customer to simply input the information being requested and wait for the result. The underlying steps display how this calculator can be used to estimate the premiums for life insurance policies:
The calculator asks for the customer's personal details, like name, date of birth, gender, whether or not the customer is a smoker, etc. Using the bar provided on the website, the customer can also adjust the policy term he wishes to invest in. The premium payment frequency should also be mentioned, along with the customer's current address and mobile number. The Sum Assured can also be entered on the same page.
Once the customer hits the “Calculate Premium” button, the premium will be displayed. Based on this information, the calculator will offer suitable plans. The customer must select one of them. The option to select additional riders is also displayed on the same page.
The customer must now make a detailed study of the benefits offered under the plan and decide if he wants to invest in it. The premium also should be within the financial constraints of the customer. If the information provided by the customer in the first step is genuine, the plan will most probably be suitable for his needs. It is hence necessary that all the details provided are genuine.
SBI Life Insurance Calculator gives customers an idea of the amount of investment that they must make to secure the future of their loved ones in case of early death or illness. This gives them a better idea of handling their finances. There are numerous benefits the calculator offers apart from these. They are as follows:
The calculators are easy to operate, and anyone can use them and get a quote on a plan that they wish to purchase. The information requested is basic, which once entered, will yield an accurate figure instantly. With the availability of fast internet almost everywhere, this has become an easy process to follow.
The calculators provide accurate results in a short span of time so that the customers are saved from the task of manually having to make assumptions and calculations regarding the purchase of policies. They are trustworthy, and the customer can have the confidence that the figure displayed by the calculator is error-free.
Since these calculators can be used freely, they save extra trips to the branch office. This holds especially true for immobile customers or those who reside in remote areas. The customer can check the premium required to purchase the policy, purchase the policy and also pay the premiums every month, all online. This saves a lot of effort and time for the customers.
The underlying information is mandatory while using the SBI Life Insurance Calculator:
With their pocket-friendly premiums, SBI Life Insurance has some good plans to generate large funds in the future for the customers. Investing in these plans gives the customer the security of knowing that his family will be provided for even in the event of his premature death or a terminal illness. Investing in life insurance plans is always a good option as it is low risk and provides guaranteed returns. These are the benefits of investing in SBI Life Insurance Plans:
The premium rates provided by SBI ensure that anyone can invest in their plans without having to worry too much about the premium rates. There are some further concessions available based on certain conditions. They are as follows: