What Are The Advantages Of SBI Life Insurance?
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The leading insurer follows a Customer-first approach and thus puts great emphasis on providing world-class services like hassle-free claim settlement and excellent digital service. With its numerous branches in India, SBI Life Insurance strives to make its products easily accessible to everyone.
Why Opt For SBI Life Insurance Company?
- SBI Life Insurance policies offer comprehensive financial security to your family.
- With a healthy claim settlement ratio of 94.53% (IRDAI Annual Ratio 19-20), the company marks itself as a reliable partner to buy insurance.
- It offers flexible options to pay premiums and select different payout options.
- Its online plans are specially designed to cost lower than others.
- SBI Life Insurance plans are eligible to claim tax benefits under Section 80C and Section 10 (10D) of the Income Tax Act, 1961.
Types of Life Insurance products offered by SBI Life Insurance Company
- Term Insurance: SBI Life Insurance offers various non-participating, traditional term insurance plans that provide financial security against uncertainties of life to provide financial protection against life’s uncertainties. SBI offers different non-participating, traditional income protection plans.
- Unit Linked Insurance Plans (ULIP): Unit Linked Insurance Plan offered by SBI Life is a combination of insurance and investment. These plans are linked to the market and provide life cover as well as returns on investment.
- Savings Plans: SBI Life Insurance’s savings plans provide life cover as well as a savings option. It offers protection to your family against any financial loss and helps in building funds to fulfill short and long-term goals.
- Retirement Plans: SBI Life Insurance’s retirement plans help in systematic savings for your retirement. It makes sure that you enjoy the same lifestyle post-retirement as you did in your younger years.
- Child Plans: As the name suggests, this plan helps to save money for your child’s future and gives peace of mind that your child’s dreams are financially secure.
Conclusion
SBI Life Insurance with a high claim settlement ratio is one of the most reputed insurance companies in India and is known to offer different types of products which are easily customisable depending on various financial needs of yours.
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