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SBI Life Insurance Calculator

Claim Settlement Ratio - 95.03%*
*Data according to IRDA Annual Report (2018-19)
*Please note that the quotes shown will be from our partners

SBI life insurance calculator is a tool that lets you calculate the premium amount of the life insurance policy online. It calculates the premium according to the plan, age, policy term, sum assured etc. If you are looking to purchase SBI life insurance policy then this is the best as well as a smart way to buy the life insurance policy according to your needs.

Benefits of Using SBI Life Insurance Calculator

There are several benefits of using the SBI life insurance calculator. They are as follows:

  • Easy & Smart Way to Calculate Premium: SBI life insurance calculator provides you the premium rates of the plan you choose to purchase without any miscalculation.

  • Calculates Actual Amount: SBI life insurance calculator tells you the exact amount that you have to pay for the coverage. It provides you with an exact idea of how much you would want to spend on the life cover so that you can do your financial planning accordingly.

  • Automation Makes it Error Free: The automated premium calculation makes it error-free. It provides you quick quotation of the plan you choose to purchase.

  • Compare then Choose: SBI life insurance calculator lets you compare different life insurance plans. You can compare premium rates of different life insurance plans that will make it easier for you to select the plan of your choice as per your requirements.

  • Tax Benefits: You can avail of tax benefit under the Section 80C of the Income Tax Act.
    *Tax benefit is subject to change in tax laws.

Purchasing SBI life insurance policy online using the premium calculator will be beneficial for you in every way. It is a smart and easy way to buy life insurance as well as cost-effective.

How to Use SBI Life Insurance Calculator

SBI life insurance calculator lets you calculate the premium in 3 easy steps. They are as follows:

Step 1

While calculating the premium using SBI life insurance calculator, you’ll have to fill in your age, gender, number of children, annual income, marital status.

Step 2

After filling in the personal details, you’ll have fill the type of policy you’re looking for or the name of the policy. Then you’ll have to fill in the tenure and premium payment term, as well as desired sum assured. You can also add-on some features you want.

Step 3

After the calculation, it will show you some good life insurance plans according to the details you have filled. Then you can compare and choose the best SBI life insurance plan and proceed to buy.

It is advised by the insurance experts to purchase the life insurance plan online. Online purchase of the life insurance plan tends to have more benefits than offline purchase. It reduces the additional fee of the insurance agent as well. Be Smart Buy Smart.

Written By: Paisawiki - Updated: 31 March 2021