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  • SBI Life Insurance - 10 Years Policy

    The best way to protect your family and yourself from unforeseeable events, is to protect yourself with long term insurance plans that will help your family even in your absence. Many companies today both private and public offer a variety of life insurance schemes with very attractive benefits as well. These benefits can be from death benefits, maturity benefits, to survival benefits, from providing you with income tax benefits to offering you many attractive bonuses as well. A 10 year life insurance policy can help you deal with all of life’s uncertainties and protect you and your family with the financial support that’s required.

    Who is a 10 year insurance plan recommended for to purchase?

    Individuals who are generally recommended to purchase these plans are individuals who have obligations to families, changes in their lifestyle in days coming soon, individuals who are about to retire and would like to ensure the family expenses are looked after even after retirement. SBI Life Insurance has many of these products to choose from, to help you think of you and your families requirement.

    Benefits of taking a SBI Life Insurance 10 years policy:

    By opting for a SBI Life Insurance 10 year life insurance policy, the policyholder can enjoy benefits to the maximum.

    1. Get your insurance coverage for a longer tenure, making you live your life free from worry and tension.
    2. All nominees for the policies will receive the benefits in case of the unfortunate death of the policyholder.
    3. Many companies allow policyholders to apply for loans against their life insurance policies.
    4. Many companies also allow policyholders to avail tax benefits as per the rules of the Income Tax Act 1961.
    5. Maturity Benefits are provided to the policyholder in case the tenure of the policy has matured.
    6. Some even allow surrender benefits, if they wish to discontinue the policy after 2 years for a 10 year policy term.
    7. Rebates for large sum assured, and also grace period for payments are offers

    Types of SBI Life Insurance 10 years policy:

    SBI Life Insurance has a number of plans that will help individuals protect the need of themselves and families against any unfortunate events.

    1. SBI Life - Saral Swadhan+: This particular plans is an Individual, non-linked, non-participating, term assurance that provides life insurance as well as guaranteed benefit of maturity. The policy is for a period of 10 years minimum, with the sum assured being in the range of Rs. 30, 000 to Rs. 4, 75, 000. The policy has benefits of maturity, death, and surrender.
    2. SBI Life - Shubh Nivesh: This is another plan for SBI Life Insurance that is non- linked, with profit Endowment Assurance and life coverage. The policy can be taken for 10 years. The objective of this plan is not only to provide you with life coverage, but also savings and an income as well. Using the maturity benefit in the plan once can opt to take the maturity value either in a lump sum or in monthly regular incomes. Along with the maturity benefit, the policy also has death benefits, surrender or paid up benefit. You can also make your plan unique by adding riders to your policy.
    3. SBI Life - Saral Shield: This policy is a traditional non-participating pure term Insurance plan. Providing you and your family with insurance safety net you deserve. With this policy you receive large sum assured rebates, women policyholder enjoy added discounts, tax benefits, and financial security. You also receive death benefits, there is no maturity benefit under this plan.

    GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    Life Insurance Reviews

  • Page 1 of 2 1 2
    • SBI Life Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have my life insured with SBI LIFE from last 10 years and it is a long term policy. I pay my premium once in a year by cheque and i am convenient with the payment options. I am happy with the returns and benefits of this policy. The maturity period for this policy is after 25 years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 17, 2018
    • SBI Life Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with SBI Life from last 5 years and it is a short term policy. I am happy with the returns and benefits of this policy. I pay a premium of Rs 15000 on yearly basis through net banking and i am convenient with the payment options. The maturity period for this policy is 10 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 06, 2018
    • SBI Life Life Insurance
      "Best Pension Scheme"
      0.5 5.0/5 "Blown Away!"
      I started using this SBI Pension policy 4 years back. Total tenure of the policy is 10 years. I used to pay Rs. 50000 per annum. After 10 years every month i used to receive 5000 from the scheme till end of my life. Death coverage is there. My wife would be be beneficiary.
      Was this review helpful? 0
      , chennai
      Reviewed on May 25, 2018
    • SBI Life Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a life insurance policy with SBI life from last 2 years and it is a short term policy. The tenure of this life insurance policy is 10 years. I pay my premium once in 6 months and i am convenient with the payment options which they are giving. I am happy with the coverage and returns of this policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Mar 26, 2018
    • SBI Life Life Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      It is a good experience with STATE BANK OF INDIA LIfe POLICY i am presently having . Its been 10 years now since I started using this life policy . The EMI i pay for every year and it gives full cover to me as well as my family and cashless treatment for every medical emergency case .
      Was this review helpful? 0
      , nasik
      Reviewed on Nov 15, 2017
    • SBI Life Life Insurance
      "Good protection"
      0.5 5.0/5 "Blown Away!"
      In Claim settle ratio SBI is number one, hence I have Life insurance with them. I pay the premium of Rs. 9000 per annum, it has the tenure of 10 years, I am 25 years old now, I pay till the age of 35 years. Then I get the return around Rs. 5 lakhs if something happened to me. My family will get Rs.25 lakhs.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Sep 14, 2017
    • SBI Life Life Insurance
      "Good Policy to use"
      0.5 4.0/5 "Great!"
      Holding the SBI life insurance policy for more than 3 years. This policy has the tenure of 10 years. I pay the premium of Rs.50,000 every year. The plan benefits and the policy coverage is very good with this policy. After the maturity I will be getting around 7 to 8lakhs. I pay the premium through Sbi net banking.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 02, 2017
    • SBI Life Life Insurance
      "Good Investment"
      0.5 5.0/5 "Blown Away!"
      I have taken Flexi Smart life insurance with SBI LIFE, this policy has the period of 10 years. But I suppose to pay only for 7 years. After the tenth year I would be getting the entire premium + interest. I used to make the amount of Rs.20,000 its per year. I used to get proper notification from them.
      Was this review helpful? 0
      , madurai
      Reviewed on Mar 30, 2017
    • SBI Life Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I have the life insurance plan from SBI life the for the tenure of 10 years. Will get the lump sum amount after the maturity. Accidental and natural death coverage is given. Payment can be done online there is no extra charge. Policy coverage offered is 5 lakhs.
      Was this review helpful? 0
      , delhi
      Reviewed on Mar 07, 2016
    • SBI Life Life Insurance
      "Need to improve services!"
      0.5 2.0/5 "Expected more"
      Life coverage as well as money back is available with this life insurance with SBI life. I signed up for this policy in the year 2013. The whole tenure is of 10 years. The customer service is not up to the mark with their executives. It would be nice if they improvise the customer service.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 07, 2016
    • SBI Life Life Insurance
      "Ananya"
      0.5 5.0/5 "Blown Away!"
      I have taken the life insurance plan from sbi life for the tenure of 10 years. In which after the maturity will get the sum assurer amount with the bonus. In case of any unfortunate takes to the insure the amount will be given to the nominee. Critical illness ,accidental and natural death is covered under the plan. Payment option is too good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 16, 2016
    • SBI Life Life Insurance
      "Life coverage also tax benefit "
      0.5 4.5/5 "Excellent!"
      I have a life insurance policy for 10 years from sbi life in which will get the amount after the maturity. In case we plan to close the policy in between the tenure will get only sum assure amount. We can do the payment in different modes. This plan is useful for tax saving also.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 22, 2015
    • SBI Life Life Insurance
      "Excellent Services"
      0.5 5.0/5 "Blown Away!"
      I have taken a life insurance from SBI Life. The services are good from them. They respond well. They have a online payment option. I pay the premium on a yearly basis. The tenure is for 10 years.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 12, 2015
    • SBI Life Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I have the life insurance policy with the SBI life and am having it from the last four years of time. Its the money back policy and the total tenure of the policy is around 10 years of time. The services are good with them and the coverage is also very good with them.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 27, 2015
    • SBI Life Life Insurance
      "Good!!"
      0.5 4.0/5 "Great!"
      Sbi life insurance, it is taken 4 years back. it is a 10 years policy. I just used to pay the premium, through Ecs the premium is automatically deducted. I also get updates by the customer care at the time of payment hence so far I have not faced any issues with Sbi Life Insurance.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 20, 2015
    • SBI Life Life Insurance
      "satisfied"
      0.5 4.0/5 "Great!"
      SBI life have less plans so we cannot choose the suitable plan like compared to lic of India. I have term plan with tenure for 25 years but premium should be paid for 10 years.. I have taken the plan during the home loan process. After maturity will the get the amount. Accidental and natural death is been covered.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Nov 13, 2015
    • SBI Life Life Insurance
      "Given clear informations"
      0.5 5.0/5 "Blown Away!"
      Taken a SBI life insure for the tenure of 10 years against my car loan process. After maturity will get one lakh . Payment have to done every year. Information about the plan is given clearly by the employee.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 05, 2015
    • SBI Life Life Insurance
      "Premium is paid once in 6 months!"
      0.5 5.0/5 "Blown Away!"
      I signed up a life insurance policy with SBI Life 2 years before. Premium payment is made once in every 6 months. The insurance tenure is of 10 years. As there is no cooling period for the policy, I will getting the returns after the maturity period.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 04, 2015
    • SBI Life Life Insurance
      "Good!!"
      0.5 4.0/5 "Great!"
      Life insurance with Sbi Life is good. As per my concern it covers only health. Coverage is for 5 lakh. I am paying the premium around 5000 for half yearly . I have to pay the premium only for 5 years and after the 10 years I will get an amount with interest. Customer service is okay with Life insurance.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 03, 2015
    • SBI Life Life Insurance
      "Benficial for kids"
      0.5 5.0/5 "Blown Away!"
      Champion is the name of the policy which I have taken from SBI life insurance. I am paying around 2000 Rupees per month as the premium and I need to pay it for 10 years of time and after that I will get some lump sum money. Its based on for my kids.
      Was this review helpful? 0
      , kochi
      Reviewed on Nov 03, 2015
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