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An introduction to SBI life insurance

SBI life Insurance is an Indian private bank, and along with its five associate banks, offer a wide variety of life insurance products,Moreover, it has branches all over the country. It was formed as a result of a merger between a French Insurance Company and the State-Bank of India and its aim is to offer life insurance and pension services to its clients.This article provides some information about SBI.life insurance.

Products offered by SBI Life

SBI Life Insurance aims at offering a comprehensive range of competitive and customer-driven life insurance and pension products in India and in the world at large. Insurance products offered by SBI Life Insurance are individual plans, group plans and health plans. Different plans SBI life Individual plans are grouped into Unit linked plans, Child plans, pension plans, protection plans and savings plans. Under each group plan, there are various product categories to choose from. For example, Lifelong Pension plus and Smart pension are categorised under Pension plans, Child plans refer to Scholar II and Smart Scholar and Protection plans include Smart shield, Saral Shield and Swadhan. In addition to individual plans, SBI Life Insurance offers Group Plans which are categorised into Corporate Solutions, Group Term With ROP, Group Loan Protection Products, Group Savings Protection Products and Group Insurance Plans. These Group Plans are further divided into specific products which give clients a wide choice. Other than the Individual and Group plans, SBI offers Health plans which are Group Criti9 and Hospital cash plan. SBI clients and prospective clients have a wide choice of products to select from, which will suit with their needs.

Why insuring with SBI Life

Financial package SBI life insurance India offers a wide variety of insurance and pension benefits. Clients can get the full financial package and guidance which range from life insurance products to SBI pension plan. SBI's wide range of services are offered online. These services include online proposer tracker and account tracking, generating premium and paying online with the Electronic Clearing Service, SMS based services and online professional advice on health issues, child protection planning and the best product to select. Online facility SBI online facility enhances a more convenient way of transacting business. SBI offers other complementing services which are online underwriting, online claims services, online launching of a complaint or compliment, as well as online frequently asked questions and answers. It is a noble idea to consider SBI Life Insurance when buying a life insurance and pension product because of their infinite range of products and warm-hearted customer service.

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