Benefits of SBI Life Insurance
SBI Life Insurance Company is a joint venture between the largest state-owned bank State Bank of India (SBI) and the French multinational banking and financial services company BNP Paribas and was established in March 2001. SBI Life is a leading private life . India
Insurance companies. SBI offers a wide range of term, unit, savings, investment, pension, cash and child plans. As a leading company, their mission is to become a company that offers a wide range of life insurance plans at affordable prices and ensures a high standard of customer satisfaction.
The philosophy of SBI Life Insurance operates on five core values: reliability, ambition, innovation, dynamism and excellence. SBI Life Insurance provides best-in-class customer service by ensuring ethical standards, professional integrity, corporate governance and regulatory compliance.
Benefits of SBI Life Insurance
SBI Life Insurance offers the following benefits to its customers:
A wide range of products:
SBI offers a wide range of term, unit, savings, investment, pension, cash and child plans.They offer online plans that make signing up hassle-free and quick. Each plan is different and comes with many options to suit your needs and budget.
(High claim settlement ratio)
The claims liquidity ratio of SBI Life Insurance for the financial year 2019-20 is 94.52%. This loss ratio reflects the reliability of the insurance company. The fulfillment ratio indicates the number of successfully settled claims out of the total number of claims accepted by the insurance company during the year. The customer chooses an insurance provider they can rely on and a high fulfillment rate helps in evaluating the reliability of the insurance company.
(Awarded Services)
SBI Life has been awarded ‘Life Insurance Company of the Year 2019’ by the Federation of Indian Chambers of Commerce (FICCI). The Indian Chamber of Commerce awarded it “Best Life Insurance Company of 2019”. The Economic Times also awarded the “Smart Life Insurance Company” for 2019.
(Affordable Plans)
An insurance buyer always wants a good insurance plan that suits his basic needs and most importantly fits his budget. SBI Life Insurance provides comprehensive life insurance at an affordable premium rate. Some SBI life insurance plans offer multiple options at very affordable premiums.
(Excellent customer service)
SBI Life Insurance Company is one of the leading providers of affordable life insurance policies and plans, the company values ​​its customers and provides excellent customer service. Their customer care service is available 24/7 on their website and their toll free customer care number is available 24/7. This helps the customer stay connected with the insurance provider.
