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SBI Life Insurance Calculator

Life insurance is a financial product that helps protect the financial future of your family while helping you grow a corpus over time. The SBI Life Insurance premium calculator can help you to calculate the premiums that you would have to pay to purchase a life insurance of the desired life cover. Let us see the advantages and information required to use the SBI life insurance calculator.

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The Policybazaar Advantage
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Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
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We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
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The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
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Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
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In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

This gives the customer a good idea regarding the nature of the policy and the financial commitment he is expected to make upon purchasing it.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

What is an SBI Life Insurance Calculator?

SBI Life Insurance premium calculator is an online tool that allows you to make accurate estimations regarding the policy details and calculate the premium you would need to pay for the desired life cover. It provides easy and free results and can be used to compare plans and their premium rates for you to find and purchase the plan that fits your budget. The SBI life insurance calculator takes your gender, marital situation, and life stages into account to help you find the most suitable SBI life insurance plan.

Why Should You Use the SBI Life Insurance Calculator?

Here is a list of reasons why you should use the SBI Life insurance calculator:

  • The Life Insurance calculator gives you a clear picture of finances before you invest in any policy.

  • The information that you provide is strictly confidential and secure.

  • It is a quick service that is available on the website free of cost for the convenience of the customers.

  • It allows you to compare term plans and life insurance policies and purchase the one that fits your needs.

  • The SBI Life Premium calculator is available 24x7 and provides accurate results every time.

How To Use The SBI Life Insurance Calculator?

You can use the SBI life insurance premium calculator by following the below steps:

  • Step 1: Visit the Life Insurance Calculator page of Policybazaar

  • Step 2: : Select the right age, gender, and smoking habits

  • Step 3: Choose the ideal sum assured and cover till age

  • Step 4: The lowest applicable premiums for your life insurance policy will be displayed on the screen

  • Step 5: Click on the ‘Check your Premiums’ button to check the available plans for your profile

  • Step 6: Select the company as SBI life insurance and choose the most sutiable plan to purchase

one crore term plan

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Get an online discount of upto 10%#

Compare 40+ plans from 15 Insurers

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Advantages of SBI Life Insurance Premium Calculator

SBI Life Insurance Calculator gives customers an idea of the amount of investment that they must make to secure the future of their loved ones in case of early death or illness. This gives you a better idea regarding the nature of the policy and the financial commitment you are expected to make upon purchasing it. Following are the numerous benefits of the SBI life insurance premium calculator:

  1. Easy to use

    The SBI life insurance calculators are easy to use, and you can use them to get a premium quote on the plan you wish to purchase. The information requested is basic, which once entered, will provide an accurate premium instantly. With the availability of fast internet almost everywhere, this has become an easy process to follow.

  2. Accurate Results

    The SBI life insurance calculators provide accurate results in a short span of time so that the customers are saved from the task of manually having to make assumptions and calculations regarding the purchase of policies. They are trustworthy, and the customer can have the confidence that the figure displayed by the calculator is error-free.

  3. Hassle-free and Convenient

    Since the SBI life insurance calculators can be used freely, they save extra trips to the branch office. This holds especially true for immobile customers or those who reside in remote areas. The customer can check the premium required to purchase the policy, purchase the policy and also pay the premiums every month, all online. This saves customers a lot of effort and time.

  4. Plan Finances Better

    The SBI life insurance calculators can help you plan your budget to fit the life insurance plan and manage your finances without any hassles. You can use it to plan major life events and make financial decisions accordingly.

  5. Make Customisations

    The SBI life insurance calculator can help you select the right life cover that will be enough to support your family in your absence by taking your age and annual income into account.

  6. Easy Comparison of Plans

    The SBI life insurance premium calculator allows you to compare plans online in just a few clicks from the comfort of your home. You can compare plans based on their premium rates, CSR values, or sum assured and purchase the one that suits your requirements.

Factors Affecting the SBI Life Insurance Premium Rates

SBI life insurance premium rates can be affected by the following factors:

  • Age: The premium rates of a life insurance plan increases with the increase in age as the younger you are the lesser risks you will have in life.

  • Sum Assured: The larger the sum assured is the larger will be the SBI life insurance premium rates.

  • Gender: Various SBI Life insurance plans offer special discounts to female customers, therefore, you can avail of an SBI life insurance plan at low premium rates if you are a female.

  • Add-on Riders: Add-on Riders are available at nominal charges and can increase the life cover of your policy.

  • Policy Term: Policy term can affect your SBI life premium rates as the longer the policy term the lower will be the premium rates.

  • Occupation Type: If you are an individual in a high-risk job like a sailor, pilot, miner’ or more you will be offered the SBI life insurance plan at higher premium rates.

  • Premium Paying Term: The premium paying term can affect your premium rates as the longer the duration you pay your premiums the lower will be the premium rates.

How Much Life Cover Do You Need for SBI Life Insurance Plan?

Here is how you can calculate the amount of life coverage you can avail of based on your eligibility

  • Step 1: Go to the Human Life Value Calculator and click on ‘Calculate Now’

  • Step 2: Fill in your age, yearly income, and existing life insurance policy’s life cover

  • Step 3: Click on ‘View Plan’ to go through the available plans and purchase the one most suitable for you.

FAQs

  • What is the need for the SBI life insurance calculator?

    A1. An SBI life insurance calculator can help you calculate the premiums applicable for your profile or the maturity amount you are eligible to get as per the different types of SBI life insurance calculators.
  • How can we use the SBI life insurance calculator?

    A2. You can easily use the SBI life insurance calculator by selecting your age, smoking habits, gender, required life cover, and required policy term. The applicable premiums for your profile will be displayed on the screen.
  • What are the different SBI life insurance plans?

    A3. The different types of SBI life insurance plans available in India are as follows:
    • SBI term life insurance plans
    • SBI child education plans
    • SBI savings plans
    • SBI wealth creation with insurance plans
    • SBI retirement plans
    • SBI moneyback plans
  • How Can SBI life insurance benefit me?

    A4. SBI life insurance can benefit you by:
    • Providing protection to your family
    • Offering wealth creation benefits
    • Allowing you to save on taxes
    • Securing post-retirement life
    • Secure your child’s future

Premium By Age

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

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