SBI Life Insurance Company is one of the largest and most popular market players in the arena of insurance sector. Over a long period of time the company has delivered a phenomenal service and offers an extensive range of insurance products to the insurance buyers. To cater the requirements of the insurance seekers, SBI Life Insurance Company offers a range of insurance products stretching from term plan, saving plan, protection plan, child plan, group plan, retirement plan, etc.  The plans offered by SBI life insurance policy are most simple and beneficial plan available in the insurance sector.

With its huge customer base SBI life offers comprehensive insurance product to cater the requirement of the insurance seekers. With an excellent customer support service SBI Life insurance has made its strong foothold in the field of the insurance sector. The company has a claim settlement ration of 95% and has a record to resolve grievances up to 99%.  With simple eligibility criteria SBI life insurance offers a plethora of investment options to choose from.

For your knowledge further we have briefly discussed the features and benefits offered by the SBI life insurance plan

Types of Plan offered by SBI Life

SBI Life Unit Linked Insurance Plan- these are long term protection cum saving plan that provides an opportunity to the customer to gain market linked returns and also provides life insurance protection at the same time. The ULIP plans offered by SBI life provides plethora of fund options to choose from according to the appetite of the customer. The unit linked insurance plans offered by SBI life are:-

·        SBI Life Smart Wealth Builder

·        SBI Life Smart Wealth Assure

·        SBI Life Saral Maha Anand

·        SBI Life Smart Scholar

·        SBI Life Smart Elite

·        SBI Life Smart Power Insurance

·        SBI Life Smart Privilege

·        SBI Life e-Wealth Insurance

SBI Life Child Insurance Plan- This plan is specifically designed for the children and provides financial protection to the child in the absence of the parent. The plan comes with extensive benefits over time and secures the future of the child financially. Moreover, in case of demise of the insured person the plan also waives off the premium amount for the entire tenure of the policy and the benefits of the policy continues to be inforce. Two different plans offered by SBI life Child Insurance plan are:-

·        SBI Life Smart Champ Insurance

·        SBI Life Smart Scholar

SBI Life Retirement Insurance Plan-  This plan is specifically designed for the senior citizens of the country so that they can enjoy their life after retirement in a stress free manner. Retirement plan offers payment to the individuals in monthly installments in the form of pension so that they can leave the golden days of their life without depending on anyone financial support. There are three different retirement plans offered by SBI Life Insurance.

·        SBI Life Saral Pension

·        SBI Life Retire Smart

·        SBI Life Annuity Plus

SBI Life Term Insurance Plan-   SBI term insurance plan provides life protection to the family of the insured in case of uncertain demise of the insured person. SBI life term insurance plan provides life protection in most economical premium rates. Types of plans offers by SBI Life term insurance plans are:-

·        SBI Life Smart Shield

·        SBI Life Saral Shield

·        SBI Life e-Shield

·        SBI Life Grameen Bima

·        SBI Life e-income shield

SBI Life Insurance saving plan- this is a long term saving plan that provides an opportunity to insurance buyers to accumulate corpus over a period of time along with the benefit of life protection. Types of saving plan offered by SBI Life Insurance are:-

·        SBI Life Smart Humsafar

·        SBI Life Smart Money Planner

·        SBI Life CSC Saral Sanchay

·        SBI Life Smart Income Protect

·        SBI Life Smart Money Back Gold

·        SBI Life Subh Nivesh

·        SBI Life Saral Sawdhan

·        SBI Life Flexi Smart Plus

·        Sbi Life Smart Women Advantage

·        SBI Life Smart Sawdhan Plus

SBI Life Group Protection Plan- The group protection plan provides life cover to the employee of the company in order to ensure the financial security to the family in case of uncertain demise of the breadwinner of the family.

There are three types of group protection plan offered by SBI Life.

·        SBI Life Pradhan Mantri Jeevan Jyoti Bima

·        SBI Life Sampoorn Suraksha

·        SBI Life Suraksha Plus

SBI Life insurance plans are highly customized policies that fulfill all the necessities of the customer and offer them financial security and life protection against the uncertainties of life. The SBI Life insurance plans provide maximum coverage at very economical rates. According to your own suitability and requirement you can choose the plan online in a very easy and hassle free-way. With SBI Life insurance plans you can secure your family future and help them to achieve the important milestones of life. SBI Life term plan provides one stop solution for all your insurance needs.