Insurance for your secure life and it's do matter
Create wealth
This video explains how ULIP plans help us to achieve life goals with the power of market linked instruments. It also covers some critical aspects of ULIP plans that are important for us to understand.
build your CHILD career
This article explains how Child Plans help us to build systematic savings and safeguard our child's future. It also covers some critical aspects of Child Plans that are important for us to understand.
RETIREMENT with proud
This video explains how these plans can help us enjoy an independent & stress-free life post retirement. It also covers some critical aspects of retirement plans that are important for us to understand.
PROTECT your family
This video will help us understand the importance of having an adequate life cover to protect and secure our future. It also covers some critical aspects of a term plan that are important for us to understand.
Choose the best SBI Life Insurance plan
Here is the comparison of three best products of SBI Life Insurance. Choose as per as your requirements and enjoy life to the fullest.
Policy Name à | Term Policy |
Product nameà | Smart shield |
Min & Max Age entry | 18-60 years |
Premium Amt | 36,737.00 |
Premium Frequency | Yearly |
Premium Paying Term | 40 years |
Policy Term | 40 years |
Sum assured/Life cover | 1 Crore |
Maturity Benefit | No |
Tax Benefit | 80C |
On Maturity | NA |
Risk | LOW |
% Return | 0% |
Policy Name à | Endowment Policy |
Product nameà | Smart Platina Assure |
Min & Max Age entry | 18-50 |
Premium Amt | 2,09,000.00 |
Premium Frequency | Yearly |
Premium Paying Term | LPPT- 7 years |
Policy Term | 15 years |
Sum assured/Life cover | 20 lakh |
Maturity Benefit | 27, 48,000 (Guaranteed) |
Tax Benefit | 80C |
On Maturity | 1010D |
Risk | LOW |
% Return | 6.5% |
Policy Name à | ULIP Policy |
Product nameà | Smart Elite |
Min & Max Age entry | 18-50 |
Premium Amt | 2,00,000.00 |
Premium Frequency | Yearly |
Premium Paying Term | LPPT- 7 years |
Policy Term | 15 years |
Sum assured/Life cover | 20 lakh |
Maturity Benefit | 30 lakh + |
Tax Benefit | 80C |
On Maturity | 1010D |
Risk | HIGH |
% Return | 10% + |
Frequently asked questions
Fund Value is the total number of units under the funds and the corresponding NAVs
You can check out the latest Net Asset Value (NAV) of your funds
- Via SMS : Send FV <<space>> (Policy Number) to 56161 OR 9250001848
- By giving a missed call to 022-27599901
- By logging on to the customer self service portal
- By calling the customer care at 1800-267-9090
You will also receive a Fund value statement at each Policy Anniversary and after any payment or withdrawal.
In order to make premium payment hassle-free, we offer various online and offline options for you to pay your premium. You can view all these options on the Premium Payment Procedure page and choose the mode that is most convenient to you.
You can choose from any of the three options to change your address –
- a) On the Online Customer Portal My Policy
Select the ‘Address Change’ option on the portal, change your address and attach the address proof. - b) At the nearest SBI Life Branch
Visit your nearest SBI Life Branch and submit the Request for Change in Contact Details Form along with the address proof.
Yes, you can change your nominee. Submit the Change in Nomination Form to us at the nearest SBI Life Branch or at the Central Processing Centre (address given below).
SBI Life Insurance Co. Ltd.
Central Processing Center
8th Level, F2 Wing, Seawoods Grand Central,Tower 2,
Sector-40, Seawoods, Nerul Node,Navi Mumbai-400 706
If you survive the policy term, then you are eligible to receive maturity benefit as explained in your policy document.
Most Term Insurance policies however do not have any maturity value. However some Term Insurance plans do offer return of full or part of the premiums paid upon maturity.
The details of payout to be received upon maturity of your policy would be enumerated in the Terms and Conditions of the policy document.
Reach out to me for any queries or policy servicing need through: Contact me
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