Let us learn more about SBI Sampoorna Suraksha Premium Calculator in detail:
What is SBI Sampoorna Suraksha Premium Calculator?
SBI Life Sampoorna Suraksha Premium Calculator is a freely available online tool that helps compute the premium amount that you need to pay for the desired insurance coverage and plan benefits. This online tool considers different factors such as current income, age, medical conditions, debts, current income, and the number of dependents to help you select an insurance policy that ideally fits your life objectives and requirements.
How to Use SBI Life Sampoorna Suraksha Premium Calculator?
Here is how you can use the SBI Sampoorna Suraksha Premium Calculator:
Step 1Visit the SBI Life Insurance page
Step 2: Click on the Life Insurance plan present on the home page
Step 3: Then, click on SBI Life Sampoorna Suraksha Plan
Step 4: After this, you will be redirected to a new page where you will find the details related to the policy
Step 5: Click on the tab ‘Calculate Premium Amount’
Step 6: After opening the premium calculator page, you are required to enter the relevant details such as the desired sum assured, date of birth, premium paying frequency, gender, smoking habits, etc.
Step 7: Click on calculate Premium after entering the details
Step 8: The approximate premium amount will be displayed on the page
What are the Benefits of Using SBI Sampoorna Suraksha Premium Calculator?
Following are the benefits of SBI Life Sampoorna Suraksha Premium Calculator:
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Makes Budgeting Easier
With SBI Sampoorna Suraksha Premium Calculator, you can get a fair idea of the premium amount you will need to pay for the term cover you need. This, in turn, makes it easier for you to have an estimate, plan your financial needs, and keep your premium amounts aside that you would need on a yearly or monthly basis depending on your risk appetite.
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Comparison of plans
The SBI Life Sampoorna Suraksha Premium Calculator offers you the option to compare features, benefits, and quotes with other plans and help you make the right choice.
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Choose the right cover amount
SBI Sampoorna Suraksha Premium Calculator gives you an estimate of the term cover amount that helps cover your family’s financial requirements and liabilities and the premium payable under the insurance plan. You can select the right life cover for your profile using a human life value calculator that takes your current annual income, age, and existing life cover into account.
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Quick results
Once you enter the requested details, you are not required to wait for the results. The term insurance calculator offers accurate and instant responses, which are unlikely when it is done manually.
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Cost-Saving
Using an SBI Life Sampoorna Suraksha Plan Premium Calculator, you can opt for the highest possible cover amount that fits into your budget.
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Hassle-free and time-saving
While comparing the SBI Life Sampoorna Suraksha Plan using a term insurance calculator, you are not required to submit any documents. You receive quotes within a couple of minutes, and then you can make an informed decision about whether to buy the plan or not.
What are the Factors Affecting the SBI Life Sampoorna Suraksha Premium Rates?
The following parameters play a crucial role in determining your SBI Life Sampoorna Suraksha Premium rates:
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Age: The lower the policyholder’s age, the lower the premium amount is likely to be. This is because the possibility of the insurable event, which is the policyholder’s demise, is more likely to occur as the applicant’s age increases.
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Gender: As per the research, women tend to live longer than men. Moreover, heart attacks are more common in men than women. The insurers charge lower premiums for women because the probability of women living longer is higher.
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Medical History: Any record of a critical illness or any family history of diseases such as cancer, Alzheimer’s, can attract higher premium rates.
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Lifestyle: Individuals with poor lifestyle habits are usually charged a higher premium rate than individuals of the same gender and age who have better lifestyle habits.
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Policy Tenure: The longer the policy term, the higher the sum assured amount and increased premium for the plan