SBI Life Insurance: Top Policies, Lowest Premiums
Have you been thinking about buying a SBI life insurance plan lately? If yes, then you are on the right track indeed. Ever since it made its first foray into the life insurance market space in India, SBI Life has been making tremendous growth to become a key player in the industry. The services and products provided by SBI are of superior quality, versatile and capable of satisfying diverse customer base.
Here, we help you take a closer look at the most popular SBI life plans and the reasons behind the Company’s increasing popularity in the country. Read on for more.
Top 3 Life Insurance Policies of SBI Life Insurance
SBI Life has different types of life insurance plans on its racks to suit the needs and budget of individual customers. Its portfolio includes child plans, unit-linked plans, protection plans, savings plans and endowment plans. Given below are the top 3 life insurance plans that may fit your bill to perfection.
1. SBI Life – eShield
SBI Life – eShield serves to be a non-linked, individual, non-participating term plan in the purest sense of the word. It provides customized benefits at the most cost-effective rates. You may want to take a comprehensive coverage at very affordable premiums under this plan.
Alongside, ask for Accidental Death Benefit as additional cover in addition to the sum assured for more protection. You may enroll in this policy if you are in the age bracket of 18 to 65years. Ideally, a very lucrative SBI life insurance plan, eShield offers a minimum and maximum policy coverage term ranging from5 years to30 years respectively. The minimum basic sum assured for you is INR 35,00,000. Are you game?
2. SBI Life – Smart Money Planner
This SBI life insurance plan is oft-purchased in its capacity of being a good money planner. It is in the nature of a non-linked and participating endowment plan that provides cash back features. The primary benefits of this plan include the provision of savings, insurance cover and income in the same plan.
There are plenty of options and benefits to choose from when you opt for this plan. Insurance comparison sites like Coverfox.com will help you research upon the different premium payment and policy tenures before you take the final call. When you buy SBI life insurance Smart Money Planner, you may look forward to getting a fixed sum of the total assured amount on an annual basis, across the entire benefit period.
3. SBI Life – Smart Humsafar
SBI Life – Smart Humsafar happens to be a good choice for you if you are married. The plan offers the best features to couples looking for sound plans for complementing their efforts of attaining prosperity in addition to gaining life protection. This joint life, participating, non-linked endowment plan will present you with multiple benefits. It aims to offer savings and insurance for both of you at the most affordable rates.
The plan gives financial protection in case of death of both or either of you. In addition, you will receive a guaranteed minimum additional bonus at the rate of 2.50% for first 3 years. The rate of interest is computed on the basic sum assured. Yet another advantage of buying this SBI life insurance plan for couples online is that a premium waiver is offered in the event of the untimely death of a spouse if the policy is still in force. The minimum term of policy is 10 years, so buy accordingly.
What Makes SBI Life Insurance Policies Different than Similar Policies by Other Companies?
Apart from the long list of life insurance plans that SBI Life has to its credit, the following make its life insurance policies different from similar policies on offer by other companies.
1. Higher claim settlement ratio
In the financial year 2016-17, SBI Life boasted of a CSR of 96.69% which was higher than the claim settlement ratio of insurance companies like ICICI Prulife at 96.68%, Birla Sunlife at 94.69% and so forth.
2. ULIPs by SBI Life
In recent times, life insurers are marketing ULIPs aggressively. They are positioning ULIPs as a well-recommended investment opportunity in the current stock market scenario. SBI’s top performing ULIPs have managed to deliver 40-50% returns which is more than that of most other insurance products.
Buy SBI Life Insurance Online
Log into Coverfox.com to get your loved ones the life protection coverage they deserve. You stand to gain the best life protection cover at the least possible premium with SBI Life – just go for it!
