SBI Life Insurance Company Limited is a life insurance company which is a joint venture between the State Bank of India and BNP Paribas Cardiff. State Bank of India is one of the largest banks of India and BNP Paribas Cardiff is the Life and Property & Casualty insurance part of the leading bank BNP Paribas. So, both the stakeholders of SBI Life have sufficient experience of the financial market and are reputed in their segments.
SBI Life’s vision is to be the most trusted and the most preferred life insurance company in the insurance market. It values trust, ambition, innovation, excellence and dynamism.
The mission of SBI Life Insurance is to grow to be the leading insurance company in the market which offers a variety of life insurance and pension products to suit customer’s requirements. The company endeavours to fix competitive premiums for its plans and provide customer satisfaction.
SBI Life offers life insurance products in three categories which are as follows –
Under each of the three categories, there are various types of life insurance plans which are offered by the company. These plans include the following –
|Name of the plan||Type of plans|
|SBI Life eShield||Online term insurance plan|
|SBI Life eWealth Insurance||Online unit-linked insurance plan|
|SBI Life Annuity Plus||Online immediate annuity pension plan|
|SBI Life eIncome Shield||Online term insurance plan|
|SBI Life Sampoorn Cancer Suraksha||Online cancer protection plan|
|SBI Life Kalyan ULIP||Online corporate employee benefit group plan|
|SBI Life CapAssure Gold||Online corporate retirement benefit group plan|
|SBI Life Gaurav Jeevan||Online corporate immediate annuity group plan|
|SBI Life Pradhan Mantri Jeevan Jyoti Bima Yojana||Online corporate affordable group plan|
|SBI Life Sampoorn Suraksha||Online one-year renewable group term insurance plan|
|SBI Life Swarna Jeevan||Online corporate group immediate annuity plan|
Besides the variety of products offered online by SBI Life Insurance, there are other online facilities too which the company offers. These facilities include the following –
No, not all plans of the company are sold online. Some plans are sold online while for other plans customers would have to approach the company’s distributors or buy the plan by visiting the company’s branches.
SBI Life Insurance allows customers various means of getting in touch with the company. These means include the following –
No, SBI Life Insurance is a life insurance company which sells only life insurance policies. In terms of health insurance, the company only offers a cancer care plan which covers cancer.
Yes, SBI Life offers an online facility to its customers to renew their plan online from the company’s website
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