SBI Life insurance

SBI Life insurance

SBI Life insurance : SBI Life Insurance Company is a collaborative scheme between SBI, State Bank of India, the biggest financial service supplier, and the state-& BNP Paribas Cardiff, a French monetary service supplier. The company was founded in 2001. Serving millions of Indian families across the country, the diverse range of products of SBI Life caters to individuals through pension, protection, health, and savings solutions.

SBI Life tries to make insurance available to all, with its comprehensive presence across India through its 947 offices and 18,498 employees.

Benefits of SBI Life Insurance

SBI Life Insurance offers the following benefits to its clients:

A comprehensive range of products

SBI offers a comprehensive range of Unit-Liked Savings, Term insurance, Retirement, Investment, child, and money-back plans. You can select the plan that fits your budget and requirements. They provide online life insurance plans that help in the quick and hassle-free buying process. Every policy differs from each other and comes with various options that can fit your budget and needs.

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High Claim Settlement Ratio

SBI Life Insurance has a claim settlement ratio (CSR) of 93.09% as per IRDAI Annual Report 2020-21. CSR is the percentage of the total claims settled by the number of received claims by the insurer. It indicates the insurer’s credibility and reliability. As a simple regulation, the higher the CSR, the more consistent the insurance company is.

Award-Winning Insurance Service Provider

SBI Life Insurance has been awarded ‘Life Insurance company of the year 2019’ by the FICCI (Federation of Indian Chambers of Commerce. It has also been awarded Customer Orientation in Life Insurance at the 20th outlook money awards 2021. The company has also won the GPNTA (Golden Peacock National Training Award) by Golden Peacock awards 2021.

Cost-effective plans

An insurance policy seeker is always looking out for a good plan that fits their important needs and most essential that fits into their budget. SBI Life offers comprehensive life coverage on the payment at a low premium rate. Some plans provide various options at a very affordable rate.

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Good Customer Service

SBI Life Insurance, one of the leading insurers, provides plans at affordable premium rates. The insurer values its clients and offers good customer service. Their customer assistance team is available 24X7 on their official website and their toll-free number. They help a client to stay connected with the insurer to resolve their queries.

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