Why May Getting SBI Life Insurance Make A Difference In Your Life?
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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 Buying SBI Life Insurance Plans
- Financial Protection - Provides financial protection to your family.
- Claims Settlement - About 908 branches across the country provide claim settlement support.
- Flexibility - Flexible premium and payout options.
- Online plans - Specifically designed online plans that costs lower
- Tax advantage - Tax benefits can be claimed under Section 80C and Section 10 (10D) of the Income Tax Act, 1961
Types of SBI Life Plan
SBI Life insurance offers a range of life insurance products with variants to provide financial protection against life’s uncertainties. Plans offered:
- SBI Life Unit Linked Insurance Plans (ULIP)
- SBI Life Protection (Term Insurance) Plans
- SBI Life Savings Plans
- SBI Life Investment Plans
- SBI Life Retirement Plans
- SBI Life Child Plans
- SBI Life Insurance for a Home loan
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 tools to the customers.
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