SBI Life Insurance | Compare & Get Discounts | Buyer Reviews
SBI Life Insurance logo SBI Life Insurance ★ 4.6/5

SBI Life Insurance

SBI Life Insurance is one of the leading life insurance company that offers multiple insurance solutions including term ...Read More

98.83%
Claim settlement ratio
84,984.63 cr
Annual Premium
2
Active plans
1.96x
Solvency ratio
🛡️ IRDAI Approved
4.6/5 · 915 reviews
98.83% claim settlement ratio
📊 1.96x solvency ratio
🌐 1154 pan-India

What you get with SBI Life Insurance

The headline features and policy mechanics, at a glance.

Annual Premium 84,984.63 cr

Affordable premium options starting from entry-level to comprehensive whole-life protection.

98.83% claim settlement ratio

Industry-leading approval rate on eligible life insurance claims in the most recent fiscal year.

1.96x solvency ratio

Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.

2 active life plans

Choose from level cover, increasing cover, and return-of-premium variants.

2+ optional riders

Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.

1154 pan-India presence

Branch offices and claim service centres across India for easy policy servicing.

Video reviews

SBI Life Smart Fortune Builder Plan - Full Details | SBI Fortune Builder

SBI Life Smart Fortune Builder Plan - Full Details | SBI Fortune Builder

In this video, we dive deep into the SBI Smart Fortune Builder plan, an ideal option for long-term investors. Learn how this unique product combines the benefits of life insurance with investment growth, offering you a great opportunity to build your financial future.

How to Cancel SBI Life Insurance Policy | How to surrender sbi life insurance policy | sbi life

How to Cancel SBI Life Insurance Policy | How to surrender sbi life insurance policy | sbi life

Are you looking to cancel your SBI Life Insurance policy? In this video, we’ll guide you through the complete process of cancelling your SBI Life Insurance—whether you are still in the free-look period or planning to surrender the policy after a few years.

SBI Best SIP plan 2025 | SBI New SIP Plan 2025 | SBI Mutual Fund 2025 Best SBI Lumpsum plan 2025

SBI Best SIP plan 2025 | SBI New SIP Plan 2025 | SBI Mutual Fund 2025 Best SBI Lumpsum plan 2025

Agar aap apne future ke liye ek safe aur achha investment option dhoond rahe hain, toh SBI ka SIP plan 10 saal ke liye ek best choice ho sakta hai. Is video mein humne detail mein bataya hai ki kaise aap ₹500 se bhi shuru karke apna ek bada corpus create kar sakte hain, wo bhi systematic investment ke zariye.

SBI Best Lumpsum Plan 2025 | SBI Best Lumpsum Mutual Fund Scheme | SBI Best MF For Lumpsum Invest

SBI Best Lumpsum Plan 2025 | SBI Best Lumpsum Mutual Fund Scheme | SBI Best MF For Lumpsum Invest

Explore the best SBI lumpsum mutual fund plans for 2025. Find top-performing SBI schemes ideal for one-time investment with high returns and growth potential.

Types of SBI Life Insurance Plans

Every plan currently being sold by SBI Life Insurance, shown side-by-side so you can shortlist quickly.

SBI Life Insurance Plans
SBI Life Smart Flexi Term Plus

SBI Life Smart Flexi Term Plus

SBI Life Flexi Smart Plus is a non-linked life insurance plan This plan offers the required comprehensive life insurance cover along with investment o...

Unique Features
  • Offers Surrender Benefit
  • Tax Benefits Available
  • 100% Guaranteed Returns
Sum assured 10 times annual premium
Entry age Minimum Age - 18 years Maximum Age - 60 years
View plan

Life Plans Comparison

Side-by-side across the 2 most-bought SBI Life Insurance plans on PolicyX.

SBI Life Insurance life plan comparison
Feature SBI Life Smart Shield Premier SBI Life Smart Flexi Term Plus
Plan type Term Plan SBI Life Insurance Plans
Sum assured 2 crores to no limit 10 times annual premium
Entry age 18 years-60 years Minimum Age - 18 years Maximum Age - 60 years
Top benefits abcd Guaranteed Bonus · Partial Withdrawls

Why Choose PolicyX.com?

Don't just take our word for it — check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti Varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

Frequently asked questions

The 12 most-asked questions about SBI Life Insurance, answered.

Yes, you can. However, a guardian (adult) has to be provided for the Minor Nominee.
Your proposal for term insurance might be canceled or rejected based on your lifestyle condition. However, if accepted, you should know that the smoker rates are higher than the non-smoker rates. A person is considered a non-smoker if he/she has not been smoking or using tobacco in any form for at least the last 5 years.
No, Loans are not available under SBI Term Insurance because it doesn’t have any surrender value.
For non-linked products, you can surrender your policy only if it has acquired a paid-up value. For your policy to acquire a surrender value, your policy should have run for a specific period and you should have paid a minimum number of premiums.
No, they remain constant throughout the term of the policy.
In case of such an emergency, you can apply for a duplicate policy document.
The vesting age is the maturity age for a pension plan. This is the time when an annuity plan begins payouts to the policyholder.
If you survive the policy term, then you are eligible to receive maturity benefits as explained in your policy document.
By visiting the official website, choosing online services, and then selecting enrolled policies, you may find out the status of your SBI Life Insurance Plan policy.
By calling the SBI Life Insurance Company’s customer service and giving them the necessary information, you can find out your policy status.
SBI Life Insurance Plans are available to customers via flexible premium payment services at single, regular, half-yearly, and yearly premium payments making it easier for customers to purchase SBI Life Insurance Plans.
Yes, premium payment for the SBI Life policy can be done online via the official website of SBI Life Insurance. Customers can click on the "login" section present in the top right corner of the website and go to the "Pay Premiums" section wherein the website will ask for your policy number and date of birth. Once you fill in the details, you can pay your premiums online and receive premium receipts.

Customer satisfaction

Aggregate ratings from 915 verified PolicyX customers who bought a SBI Life Insurance plan.

4.6
out of 5
915 reviews
5 star
60%
4 star
25%
3 star
10%
2 star
4%
1 star
1%

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

Compare Life Insurance Companies

Pick any two insurers to see a detailed side-by-side comparison.

Other Life Insurance Companies

Compare SBI Life Insurance life plans with other top insurers in India.

Share your Valuable Feedback

Rating Icon 4.6

Rated by 915 customers

Was the Information Helpful?

Select Your Rating

We would like to hear from you

Let us know about your experience or any feedback that might help us serve you better in future.

Reviews and Ratings

Do you have any thoughts you'd like to share?

📞 Call Free