SBI Life Insurance

Key Insights


	Claim settlement ratio (2019-20)			Inception
	93.09%			2001
	Presence			Total death benefit paid
	825+ offices			Rs 810.71 Crore

	Solvency ratio
	2.13


	Claim settlement ratio (2019-20)
	93.09%
	Inception
	2001

	Presence
	825+ offices

	Total death benefit paid
	Rs 810.71 Crore

	Solvency ratio
	2.13

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About SBI Life Insurance

SBI Life Insurance Company is a joint venture between the state-owned State Bank of India and the French financial institution BNP Paribas Cardif. Founded in the year 2001, SBI Life insurance company is one of the most famous private life insurance companies in India. It offers comprehensive life insurance policies like term insurance plans, unit-linked insurance plans, retirement life insurance plans, and many more.

With Pazcare the employers can provide their employees with a group term life insurance policy from SBI Life Insurance Company. Get the best quotes for the SBI Life group term life insurance policy for employees and manage the policy using Pazcare’s tech-enabled dashboard.

How to buy SBI Life group term insurance from Pazcare?

These simple steps allow you to purchase the SBI group term life insurance policy for employees online from Pazcare.

Visit Pazcare, and choose group term insurance. If you are new to buying a group term policy, we recommend you review our offerings before purchasing the SBI Life group term life insurance policy.

Consult with our insurance experts

After submitting the form, our insurance experts will call you within 24 hours. Share your requirements to personalize your SBI Life group term insurance policy offering with Pazcare.

Product demo & sharing active employee data

We provide you with a product demo of how to administer the SBI Life group term life insurance plan using the Pazcare dashboard. Once approved, share with us your active employee data to proceed with the process of buying the SBI Life group term life insurance for employees.

Getting quotes & onboarding

We get you competitive quotes from SBI Life Life Insurer and other 4+ life insurers. Choose the best offering, say SBI Life group term insurance policy and the onboarding process begins in 24 hours. You are covered with the best employee benefits from Pazcare.

SBI group term life insurance plan from Pazcare

SBI group term insurance for employees has premiums that are much lower than those of other retail term insurance plans. The plan comes with optional rider benefits like

Critical illness rider
Accidental death rider
Total disability rider
Permanent disability rider

These are some of the rider options available from Pazcare for SBI Life group term insurance policy for employees. The riders can be claimed according to the terms and conditions of the policy.

SBI Life group term insurance renewal with Pazcare

The SBI group term insurance can be renewed easily with Pazcare at end of the policy term. Here is how you can renew your group term life insurance policy.

Visit Pazcare

Visit Pazcare, and choose group term insurance. If you are new to renewing your SBI Life group term insurance policy, we recommend you review our offerings before purchasing the SBI Life group term life policy.

Cnsult with our insurance experts

After submitting the form, our insurance experts will call you within 24 hours regarding the SBI Life group term insurance policy renewal. Please submit active employee data, policy copy, claim dump report & claim analysis report to proceed.

Product demo & personalisation

We provide you with the product demo if you are new to buying/renewing the SBI Life group term insurance plan with Pazcare. The above-submitted documents allow us to personalise your SBI Life group term policy according to the previous offerings.

Getting quotes & onboarding

We get you competitive quotes from SBI Life Life Insurance and other 4+ insurers. Choose the best SBI Life group term life insurance policy renewal offering and the onboarding process begins in 24 hours. You are covered with the best employee benefits from Pazcare.

SBI Life Insurance Company claim settlement ratio

The claim settlement ratio is the percentage of the claims settled by SBI Life insurance company during a particular financial year. Hence, the higher the claim settlement ratio, the higher the chances of the claims getting settled.

In the financial year, 2020-21, the claim settlement ratio of SBI Life insurance company is 93.09%.

SBI group term insurance premium

The SBI Life group term insurance premium depends on various factors like

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SBI Life group term life insurance premium chart

SBI Life group term life insurance benefits from Pazcare

Purchasing your group term life insurance policy for employees from SBI Life Insurance Company has the following benefits.

Choose your riders

Your SBI term life insurance policy for employees from Pazcare comes with customizable riders like critical illness riders, income benefit riders, accidental death benefits, etc at a much lower price.

No medical screening needed

The SBI group term life insurance policy from Pazcare does not require any medical tests to be taken before purchasing the policy. However, this depends on the terms and conditions of the policy.

800+ offices

SBI Life Insurance company is one of the leading life insurance companies in India with 800+ branches present in pan India. Hence, easy access to the nearest branch is present at most of the locations.

SBI Life group term insurance claim

Collect the necessary documents

Firstly, collect all the originals of the necessary documents that have to be submitted to raise a death claim.

Submit these documents

Submit the supporting documents along with the policy details of the deceased employee.

Claim settlement

Once the policy details are verified along with the supporting documents and the information looks credible, the claim is settled directly with the nominee or the employer.

Contact Pazcare for any queries or guided claim assistance at support@getpaz.com or call our customer care at +91 78291 11300.

Collect the necessary documents

Firstly, collect all the originals of the necessary documents that have to be submitted to raise the rider claim.

Submit these documents

Submit the supporting documents along with the policy details of the insured employee.

Claim settlement

Once the policy details are verified along with the supporting documents and the information looks credible, the claim is settled directly to the insured employee.

Contact us for any queries or guided claim assistance at support@getpaz.com or call our customer care at +91 78291 11300.