- About SBI Life Insurance Plan
- What are the Reasons to Buy Life Insurance from SBI Life Insurance Company?
- What are the Top SBI Life Insurance Policies?
- Which Documents are Required to Buy an SBI Life Insurance Plan?
- What are the Eligibility Criteria to Apply for an SBI Life Insurance Policy?
- How to File a Claim against SBI Life Insurance?
- Frequently Asked Questions
SBI Life Insurance UAE & Dubai
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Some of the best Term Insurance quotes in UAE & Dubai are:
SBI Life Insurance is a leading insurance provider known for its comprehensive range of life policies that cater to various financial needs. Offering security and peace of mind, this insurance company provides a variety of plans, including term insurance, savings, investment, and pension schemes.
These life cover policies are designed to protect your loved ones financially in case of unforeseen events while also helping you build a secure future. With the backing of SBI's trusted name and a commitment to customer-centric services, SBI Life Insurance is a reliable choice for safeguarding your family and achieving long-term financial goals.
About SBI Life Insurance Plan
SBI Life Insurance comprises products for financial protection and savings. They provide a safety net for your family in case of unfortunate events, ensuring they remain financially secure. These plans come in various types, including term plans for pure life coverage, savings plans that combine insurance with investment, and pension plans to support your retirement.
With flexible premium options and the backing of SBI, one of India’s most trusted banks, SBI Life Insurance Plans offer a reliable way to secure your future while meeting your unique financial goals and needs.
What are the Reasons to Buy Life Insurance from SBI Life Insurance Company?
Here are the benefits of buying a life policy from SBI Life Insurance —
- SBI Life reaches over 100 million accounts across India, offering products and services to all economic groups and regions.
- With more than 80,000 advisors, the company has one of the most efficient agent networks.
- As a major player in the insurance market, SBI Life has a wide range of products to meet the needs of a diverse customer base.
- The company has made a significant impact on the Indian insurance industry, making its services accessible to individuals nationwide.
If you're seeking life insurance, SBI Life’s experienced team can help you find a policy that fits your needs.
What are the Top SBI Life Insurance Policies?
Here are the best SBI life insurance policies —
| eShield Next | eShield Insta |
This plan gives your family financial security for the uncertainties of life. It helps you take care of your current requirements and your dynamic responsibilities. The key benefits and features of this SBI life insurance policy are
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This online SBI life insurance policy is a term plan. You can effortlessly buy it from anywhere and financially secure your family. The major features and benefits of this term life insurance plan are —
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| Saral Jeevan Bima | Sampoorn Cancer Suraksha |
This is a standard term plan to help financially secure the life assured’s family in case of the former’s death during the plan tenure. Listed below are the key features and benefits of this SBI life insurance policy –
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This SBI life insurance plan is a critical illness plan, specially designed to help the life assured get treated for cancer upon diagnosis. Here are the key features of this plan —
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| Arogya Shield | Smart Shield Premier |
This SBI life insurance policy is a blend of health and pure-term life plans. It provides comprehensive health coverage for medical emergencies and a guaranteed life cover to financially secure the life assured’s family. Key features and benefits of Arogya Shield -00
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This SBI life insurance plan is an exclusive term plan that offers a higher sum assured and flexible premium payment options. The key benefits of this plan are —
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| Smart Shield | Grameen Bima |
This is a non-linked pure-term plan that financially secures the life assured’s family in case of the former’s demise during the plan tenure. The key benefits of this SBI life insurance policy —
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This SBI life insurance plan is a pure term, micro-insurance plan that financially protects the life assured’s family at an affordable premium rate. Its key benefits and features are -
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| Saral Swadhan + | Smart Swadhan Plus |
This is a traditional SBI life policy that offers assured maturity benefits. If the life assured survives the plan tenure, the insurance company provides a return of premium. Here are the key benefits of Saral Swadhan +
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This is a comprehensive SBI life insurance policy that combines life cover and promotes savings. It has a return of premium feature that protects the life assured. Detailed below are the primary features and benefits of Smart Swadhan Plus -
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| Smart Swadhan Supreme | Saral Swadhan Supreme |
This is a comprehensive SBI life insurance plan that offers an assured return of the total premium at the end of the tenure (if the life assured survives). The following are the key features and benefits of this plan —
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It is a life insurance plan with savings through the ‘return of premium’ feature. It offers death benefits as well as maturity benefits. Find out more about these key features and benefits below —
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Which Documents are Required to Buy an SBI Life Insurance Plan?
Here is the list of documents usually required to buy an SBI life insurance policy —
For Indian Residents
- PAN Card
- Driving Licence
- Job Card from NREGA duly signed by the State Government (if applicable)
- Passport
- Voter ID
- Aadhar Card
- Property Tax or Municipal Receipt
- Bank Account or Post Office Savings Statement
- Utility Bills of less than 2 months
- Allotment letter of accommodation from employer
- Orders of pension payment or family pensions
For Non-Resident Indians
- Duly filled-in proposal form
- Medical reports stating the fitness or declaration of health issues
- Income proof
- An attested copy of the passport of the country of residence
- Age proof
What are the Eligibility Criteria to Apply for an SBI Life Insurance Policy?
To apply for an SBI life insurance policy, you must meet the following eligibility criteria —
For Indian Residents
- Minimum Age — 18 years
- Maximum Age at Maturity — 65 years
For Non-Resident Indians
- You should have lived outside India for a specific period or as mentioned in the policy
- You should have had an Indian passport at some point
- Your parents or grandparents should have been Indian citizens
- You must have married an Indian citizen
How to File a Claim against SBI Life Insurance?
Discussed below are all the key details related to the SBI Life claim process and the available methods —
Online Process
- Visit SBI Life’s official website.
- Go to the ‘Claims and Maturity’ option under the ‘Services’ tab.
- You will find the online claim section. Fill in the details and click on the Submit button.
- Follow the instructions thereon.
Via Post
Fill in the claim form along with the supporting documents to the address mentioned below —
SBI Life Insurance Co. Ltd, 8th Level Seawoods Grand Central, Tower 2, Sector 40, Plot No. R-1, Seawoods, Nerul, Navi Mumbai - 400706
Via Email
You can send the filled-in claim form and supporting documents (for the death claim) to claim@sbilife.co.in.
At an SBI Branch
You can visit your nearest SBI Life branch to submit the filled-in claim form and supporting documents.
Frequently Asked Questions
What is the grace period for SBI life insurance plans?
The grace period for SBI life insurance plans is 15 to 30 days.
What to do in case you lose or misplace your insurance policy?
If you lose your life insurance policy somewhere, you can request a duplicate policy document.
Why is a medical examination needed when buying a life insurance plan?
You need a medical examination because it helps in determining the sum assured and the policy premium.
What happens if you do not pay a premium for your SBI Life Insurance?
If you do not pay the premium on time, the policy lapses. Upon renewal of the policy, the policy benefits are either reduced or completely ceased.
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