What Are The Benefits Of SBI Life Insurance?
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In 2016, SBI Life Insurance was awarded as ‘Life Insurance Company of the Year’ and ‘Bancassurance Leader Life Insurance (Large Category)’ at the Indian Insurance Awards.SBI Life offers a range of life insurance products to cater different segments as per their need. SBI life offers both Individual and Group plans.
Interesting Facts about SBI Life Insurance
- SBI Life has a unique multi-distribution model including bancassurance, retail agency, institutional alliance, etc.
- Agency Channel, comprising of over 80,000 Insurance Advisors
- Awarded as ‘Life Insurance Company of the Year’ in 2016.
Features and Benefits of SBI Insurance Plans:
These plans provide financial security to the family of the deceased policyholder thereby preventing any burden of financial commitments such as housing loans or education loans from being passed on
The premium amounts to be paid for these term insurance plans are low and affordable allowing people from all walks of life to enjoy the benefits of the plan. The plans also offer options of premium payment terms in either single or regular pay
The term insurance plan offer riders that can be purchased for additional coverage such as accidental death benefits
The premiums paid towards these term insurance plans are eligible to enjoy tax benefits under sections 80C of the income tax act, 1961
Conclusion
SBI Life is one of the top life insurance providers in India. The company is a joint venture between State Bank of India and global insurance company BNP Paribas Cardif. Over the years, the company has introduced a number of insurance plans for the benefit of their customers. The insurer is constantly reinventing itself, providing the latest technology and tool to the customers.
Also Read: How Do Term Plans Helps You In Securing The Financial Future Of Your Family?
