SBI life insurance is one of the leading insurance providers in India. The company has been in the industry for more than 7 decades. They have built a strong reputation for delivering world-class customer service and low costs.
SBI life insurance offers products that cover almost all your financial needs, be it protection against death, disability, or providing you financial security at retirement. Besides being an insurance provider, SBI also works to promote social projects like microfinance, finance vocational training institutes, or skill development programs.
The company provides its customers with 24×7 access to customer care services through their call centers and has one of the largest sales force structures in India with over 600 branches and 5 million customers served every year.
SBI also focuses on providing insurance solutions by developing innovative products and services. The company sponsors national-level amateur hockey and badminton players. SBI life insurance also supports the Red Cross Society in its charity projects.
So whether you are a small business owner or want to back your family in the event of your death or want financial security when you retire, this is the right choice for you and provides financial security for all.
What is SBI life insurance?
Life insurance is one of the most important financial security measures for you and your family. It provides financial support after a loss of income due to a sudden illness or an accident. By choosing this, you are not just assuring yourself but also your family, dependents, spouse, and even your children. This ensures that you get the optimal amount of financial support for all your needs if you are unable to work due to an accident or sudden illness.
Benefits of SBI life insurance
Being an insurance provider, SBI aims to protect its customers with the best-in-class benefits which include:
- Accidental Death Benefit (ADB) is a unique feature that offers cash support to your family in case of your death due to an accident.
- Low premiums and the option of low premium regular premium SBI life insurance plan.
- Flexible payment options make it easier for you to pay premiums.
- Flexibility to choose between two payout options: Maturity Benefit Plan (TMP) and Cash Value Plan (CVP). CVP provides you with greater coverage.
Comparison with other
SBI life insurance plan
With the wide range of products and services at SBI life insurance. You can choose from a variety of plans depending on your needs. If you think that the ADB is enough to provide financial support to your family after your death. Then we recommend the Annual Income Protection Plan (AIPP) which gives a death benefit of Rs. 50 lakh in case of accidental death and another Rs. 25 lakh in case of non-accidental death. These benefits are also extended to dependent spouses if you have any under 12 years old kids as well. Apart from this, we also recommend TMP which provides cover against Death due to accident or illness from any cause excluding suicide or suicidal attempts.