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SBI Life Insurance Claim Settlement

Claim Settlement of SBI Life Insurance

SBI Life Insurance has a simple, quick, and hassle-free claim intimation and settlement process. SBI Life featured a high claim settlement ratio of 93.09% FY 2020-21. The insurer makes sure that the amount of claim is received to the entitled person/family quickly and easily. SBI Life insurance follows a simple 3 step process for the ease of its customer.

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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification
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User Reviews

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What users are saying
  • All
  • Amazing Insurance Company

    My purchase of the SBI Life insurance was excellent. I recommend everyone consider InsuranceDekho for buying a life insurance plan online. The services and guidance provided by the customer care team was great. Thanks to the customer care team who helped me throughout the process. Also, I want to express my gratitude to the company's insurance experts for suggesting the SBI life insurance plan.

    S
    SBI
    By Sushmita Devi
    On: Feb 20, 2024
  • A Must-Buy Life Insurance Plan

    The SBI life insurance plan available on InsuranceDekho is a must-buy plan considered by many other customers. Most of the insurance buyers who have used the SBI life insurance plan have reviewed it positively and thus I was convinced to buy it.

    Y
    SBI
    By Yamini Singla
    On: Dec 20, 2023
  • Excellent Education Resources

    While looking for a good life insurance policy, InsuranceDekho offers a wealth of educational resources to help you understand life insurance. Through their guidance, I bought the SBI Life Insurance Policy.

    R
    SBI
    By Raghav Verma
    On: Nov 15, 2023
  • Great Resource for Information

    While looking for a good life insurance policy, I found that InsuranceDekho provides valuable resources and information about life insurance. It's a one-stop shop for all the knowledge you need to make an informed decision. I could easily purchase the SBI Life Insurance Policy.

    j
    SBI
    By jagdish Roat
    On: Nov 08, 2023
  • Excellent Policy Management

    The InsuranceDekho’s website allows for easy policy management, making it simple to make changes or updates for my SBI Life Insurance Policy as my circumstances evolve.

    V
    SBI
    By Vinay Kumar
    On: Nov 03, 2023

Claim Process at SBI Life Insurance

  • 1

    Claim Intimation

    In the event of the death of the life assured, the insurance company should be intimated as early as possible.
  • 2

    Submission of Documents

    For easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
  • 3

    Claim Evaluation

    After successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
  • 4

    Claim Settlement

    If claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.

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FAQs

  • Who receives the claim benefit?

    The claim benefit can be received by the nominee you appoint while you purchase the insurance policy, the policy holder or the assignee the person in whose favour the policy has been assigned. 

  • What happens when the nominee dies or hasn't been mentioned in the policy?

    If the nominee dies or hasn't been mentioned in the policy, your family members will have to produce proof establishing their right to claim the policy benefit.

  • How do I file a SBI Life claim online?

    To file the claim online visit SBI Life Insurance website and fill information like Policy number, Date of Birth and select the claim type then submit to file the claim online.

  • How much time does it take to settle the claim?

    Your claim will be decided upon and settled within 30 working days of receiving the required and valid documents.

  • Where do I email my documents for a claim?

    For death claims you can email the documents at claims@sbilife.co.in and for maturity/survival/annuity claims documents can be mailed at maturity@sbilife.co.in.

SBI Life Insurance Contact Details

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