What is SBI Life Flexi Smart Insurance?

SBI Life – Flexi Smart Insurance Plan is a traditional endowment Life Insurance Policy where the nominee would receive both the Sum Assured and the balance of the Policy Account, which is invested, as Death Benefit.

How do you calculate Samf?

Sum Assured Multiple Factor (SAMF)

  1. 10 / 7 (age < 45 / age >= 45), or.
  2. 0.50 – 0.25 (age < 45 / age >= 45) x Policy Term.

How can I check my maturity amount in SBI Life Insurance?

  1. Online through our Customer Portal. Log in to your “MyPolicy” account through Customer Self Service.
  2. By giving a missed call. Get your Fund Value by giving us a missed call at 022-62458501.
  3. Via SMS. Send this SMS to 56161 or 9250001848 from your registered mobile number.

Is SBI Life a good investment?

Policy coverage and claims are good. The sbi life provided me the best traditional insurance policy in very low premiums. The investment is low but the paybacks are high. Coverage is good and claims can be cleared easily by taking executives and staff members services.

What is the interest rate in SBI Life?

SBI Life – CSC Saral Sanchay offers a guaranteed interest rate of 1.00% pa, which will be applicable throughout the policy term. This plan is suitable for anyone between 18 and 60 years. It provides the option of partial withdrawals and benefits on death of the life assured or on maturity of the policy.

How do I cancel my SBI Life Smart Wealth Builder policy?

Contact the SBI Life Insurance officials on the toll-free number 1800 267 9090 or 022 6645 6241 between 9:00 am to 9:00 pm every day or the Corporate Office Number 022 6191 0000. You can also mail your queries at the customer support mail of SBI Life.

What is terminal bonus in SBI Life?

Terminal bonus is one time bonus which is payable at maturity. Terminal Bonus is a percentage of the total amount of bonuses allocated including Simple Reversionary, Interim and Special bonuses, if any. As of now, no terminal bonus has been declared in this plan.

Is SBILIFE better than LIC?

The two insurance companies, SBI Life Insurance and LIC Life Insurance are both well-established in the Indian insurance market but the two companies are different in many ways….Comparison Table of LIC Life Insurance vs SBI Life Insurance.

Parameter SBI Life Insurance LIC Life Insurance
Solvency Ratio 2.15 1.83

Can I surrender my SBI Life policy after 2 years?

Yes, you can surrender a lapsed policy as well.