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SBI Term Insurance Policy Status

State Bank of India is amongst the list of most popular insurance providers. The best part about the company is it has gone digital for all the services and that makes it super easy for its customers to rely on the services. The plans which SBI offers are Term Insurance,

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Unit-Linked Insurance, Endowment Plans, Pension Plans, etc. Also, as per your needs and lifestyle goals, you can customize the plans. 

Coming to talk about the digital service part, once you opt for a product from SBI Insurance, you can hassle-free access the account from the official website and navigate through the links for your immediate requirements/queries.

Follow the below-mentioned steps in case you want to check your policy Status with SBI Insurance.

Note: Know more about what is term insurance first before reading this article.

one crore term plan

Term Plans


Life Cover

@ Starting from ₹ 16/day+


Life Cover

@ Starting from ₹ 8/day+


Life Cover

@ Starting from ₹ 12/day+

How to Check your SBI Insurance Policy Status Online?

  • Visit the official website of SBI and click on the login option at the top right corner. 
  • Choose the custom option.
  • If you are a new user you have to register on the portal.
  • Feed your date of birth, policy details and customer ID along with and follow the instructions on the screen.
  • Once you are successfully registered you can log in using the credentials.
  • After the registration, log in to the customer panel and you can now see all of your enrolled policies with details.
  • After choosing a policy you can check the status updates and all the other required details.

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How to Check Your SBI Insurance Policy Status Offline?

In case you do not have the access to the internet full time, or you find the above-mentioned steps difficult to follow you can choose the offline mode to check your SBI Insurance Policy Status:

  • Via SMS- Type POLSTATUS<SPACE> Policy number and send it to 56161 or 9250001848. This will help you with all the required details for immediate purposes. After sending this SMS you will get to know the status of your policy with the limited details on your registered mobile number.
  • Via Call- You can also check your SBI policy Status by calling on the toll-free number 1800 425 3800. The customer care executive will ask you your date of birth and policy number. You can provide that and ask for the required details.
  • Branch- Last option is, you can visit the nearest SBI Branch and ask the Insurance office to assist you with the policy status update and other things.

Features of SBI Term insurance

  • It helps to keep the dependents financially secured after the unfortunate death of the policyholder during the policy tenure. 
  • Just like other term insurance policies, the SBI term insurance plan only offers Death Benefit. In simple words, this means the nominee will receive the pre-decided sum assured immediately after the death of the policyholder.
  • The SBI term insurance plan provides maturity for a maximum of 70 years. 
  • SBI term insurance plan offers various riders which you can add to your basic plan to maximize your coverage. The additional riders are available at affordable rates which will help you provide higher coverage as compared to your simple pan.

Benefits of Buying SBI Term Insurance Plan

  • Financial Protection- SBI term insurance plan can help you ensure solid financial protection to your family against the uncertainty of life. 
  • Term Plan Options- You can opt from various term insurance plans as per your needs and requirement. 
  • Rewards- SBI under the term insurance plans follows a rewards system to provide extra term insurance benefits to those who follow a healthy lifestyle. 
  • Premiums - SBI provides flexibility to policyholders for the payment of premiums.  
  • Pay-outs- SBI term insurance plans come with an option to provide either monthly pay-outs or lump-sum pay out to the nominee. 
  • Tax Benefits- The policyholder can avail the benefit of tax on the sum assured under Section 80C and 10(10D).
  • Rebates- If you buy an SBI term insurance plan with a large sum assured, you get eligible to receive fair discounts on the premium payables.

Note: You can easily calculate the term plan premium by using the term insurance calculator online tool.

Final Word

SBI is one of the most popular insurance providers in India. The company lists several insurance products for the customers which individuals can choose as per their requirements and life goals. SBI Term insurance has gone digital just like other insurance companies to provide a hassle-free experience to their customers.  

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