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SERVICES FOR EXISTING CUSTOMERS
Your dedicated
SBI Life MyPolicy Self Service Portal
Discover everything ‘MyPolicy’ has to offer
Quick SMS Services
Get your policy details by sending the following SMS to 56161 OR 9250001848
SMS
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Premium Payment Procedure
Pay Premium Online
1. Internet Banking
2. SBI Life website
3. Visa BillPay
4. ‘Easy Access’ mobile application
5. e-Wallet
6. Online Standing instruction on credit card
Pay Premium Offline
7. Direct remittance at SBI Life branch
8. Post or courier
9. In cash at authorized collection centers
10. Auto debit through NACH
11. Direct debit
12. State Bank ATM
13. POS terminal at SBI Life branch
Pay Premium Online
You can choose from multiple options to pay your insurance premium online, without any requirement of physical documents submission.
1. Internet Banking
If you are an internet banking customer of State Bank of India or any of our partner banks, you can enjoy the convenience of online payments.
All you have to do is add SBI Life as your biller (SBI Life is listed as a national biller) and provide your Policy details. Alternatively, you can register through www.billdesk.com.
After verification, this service will be activated and a premium due advice will be sent to your banker. The premium bill will be displayed once you login, indicating the due date and the premium due.
You can choose to pay the premium immediately or schedule the payment for a convenient date before the premium due date.
FAQs on Online payment
2. SBI Life Website
You can conveniently pay renewal premium on the SBI Life website.
On the website, you have the option to make the payment with your Visa/Master/American Express or Diners Credit Card or through your internet banking account with any of the partner banks listed on the website.
Registration
You do not need to register and there is no extra charge for payment through the website. If you are already a registered customer of the My Policy self-service portal, you can pay the premium by logging in to My Policy. If you are a non-registered customer, you can visit www.sbilife.co.in to make the payment.
Premium Payment Timelines
Online premium payment can be made 30 days in advance from the premium due date. However, in case you are unable to pay premium on the due date, you can still pay premium online up to 5 months and 25 days from the premium due date. Receipt for every successful transaction, you will get a Success Report and Premium Acknowledgement Receipt instantly. The Renewal Premium Receipt will be sent after adjustment / allocation of premium.
FAQs
3. Visa BillPay (www.visabillpay.com)
If you hold a Visa credit card that has been issued in India, you can register for paying premium through Visa BillPay.
To register for this facility, please log in to www.visabillpay.com , add SBI Life as your biller and provide your policy details for registration. After verification, this service will be activated and the premium bill will be displayed in your log-in with the due date and the premium due.
You can either choose to pay the premium immediately or schedule the payment for a convenient date before the premium date.
4. ‘Easy Access’ mobile application
You can also pay your renewal premium by using our mobile application. Download SBI Life Easy Access Mobile App
Click on the ‘Renewal Premium Payment’ option on the Home Page and submit your Policy Number, Date of Birth & Email ID.
Your payment acknowledgement will be sent to your Email ID.
5. eWallets
You can now pay your insurance premium through the following eWallets:
a) SBI Buddy
How to pay?
Step 1 - Download the State Bank ‘Buddy’ App on your mobile phone
Step 2 - Click ‘Recharge & Bill Pay’ and select the ‘Bill Pay’ option
Step 3 - Select Biller category as ‘Insurance’ and choose ‘SBI Life Insurance’ as biller
Step 4 - Enter Policy Number, Date of Birth and complete the transaction
The necessary validations will be conducted and money will be deducted from your SBI Buddy wallet and credited to your SBI Life policy, all in real time.
b) Jio Money Wallet
How to pay?
Step 1 - Download ‘Jio Money’ App on your mobile phone
Step 2 - Click ‘Recharge & Bill Pay’ and go to the ‘Bill Pay’ option
Step 3 - Select Biller category as ‘Insurance’ and choose ‘SBI Life Insurance’ as biller
Step 4 - Enter Policy Number, Date of Birth and complete the transaction
The required validations will be conducted and money will be deducted from your Jio Money Wallet and credited to you SBI Life policy, all in real time.
6. Standing Instruction On Credit Card
Another mode of premium payment is giving a Standing Instruction (SI) against your VISA or MasterCard Credit Card while making online payment. To activate this option, you will need to select the payment gateway of Billdesk - > Select Pay through Credit Card - > Select "One Time Payment + Standing Instruction"
The Standing Instruction will be activated within 3-4 days and debits will begin from the next due date.
Please note: We do not accept premium payment through Credit Cards issued outside India.
Pay Premium Offline
You can opt for any of the traditional premium payment modes from those listed below:
7. Direct Remittance At SBI Life Branch
You can make premium payments by cheque/demand draft at your nearest SBI Life branch. This facility is available at all SBI Life branches across India.
The cheque/ demand draft should be drawn in favor of “SBI Life Insurance Company Ltd – Policy Number ”
Please mention your policy number/s and your contact number on the reverse of the cheque/ dd.
8. Post or courier
You can send your cheque or demand draft for premium payments to any of the SBI Life branch offices by post or courier. A receipt acknowledging your payment will be sent to your communication address directly.
9. In cash at authorized collection centres
There are 3 ways you can make premium payments in cash -
a) At Common Service Centres (CSCs)*
You can pay premium in cash (upto 49,999) at any of the Common Services Centers * (CSC) across India.
The list of centres is available on www.gis.csc.gov.in
*implemented under the National e-Governance Plan (NeGP) of Govt. of India
b) At KarurVysya Bank Branches
Premium can be paid in cash (upto 50,000/-) and through direct debit facility at all the branches of KarurVysya Bank across India.
The list of branch locations is available on www.kvb.co.in
c) AP Online/MP Online
If you live in Madhya Pradesh or Andhra Pradesh, you can pay cash (upto 50,000/-) at any MP Online or AP Online outlets based on your location.
Branch locations are listed on their websites http://www.aponline.gov.in/ and http://www.mponline.gov.in/
10. Auto debit through NACH
You can choose to make use of the auto debit facility through National Automated Clearing House (NACH). For activating this, you need to submit the following documents at the nearest SBI Life branch office:
• A duly filled Mandate form
• Proof of Bank Account (cancelled cheque/account statement)
You can also mail the above documents to our communication address below:
SBI Life Insurance Co. Ltd.
SBI Life Insurance Co. Ltd, Central Processing Centre, 8th Level, Seawoods Grand Central,
Tower 2, Plot No : R-1, Sector 40, Seawoods, Nerul Node, Navi Mumbai- 400706
About NACH - National Payments Corporation of India (NPCI) has implemented “National Automated Clearing House (NACH)” for Banks, Financial Institutions, Corporates and Government. It is a web based solution to facilitate interbank, high volume, electronic transactions which are repetitive and periodic in nature.
*All the banks in India come under the purview of NACH w.e.f. 01-April-2016 as per NPCI and RBI instructions. Thus NACH replaces the current ECS (Electronic Clearance System) system of auto debit.
11. Direct debit from Bank Account
You can set up auto debit of premium from your bank account on your due date.
The direct debit facility is available to the account holders of State Bank of India, Axis Bank, CITI Bank, ICICI Bank, Bank of Baroda, Union Bank of India, Bank of India, IndusInd Bank, Punjab National Bank and Kotak Bank.
To avail this facility, please submit the following documents at any of our branch offices or mail it to our communication address.
• A duly filled Mandate form
• A cancelled cheque
12. State Bank ATMs
Now you can pay your premiums through all State Bank ATMs.
You can follow these simple steps to make the payment at the ATM:
Step 1 – Insert your card
Step 2– Go to Services >> Bill Pay >> Select SBI Life Insurance
Step 3 – Enter your Policy Number and Date of Birth
Step 4 – Make Payment
13. Point of Sales (PoS) terminals at select SBI Life branches
Another easy renewal premium payment option is paying through Debit Card (Maestro) / Credit Card (VISA and Master) using POS (Point of Sales) terminals at select SBI Life branches. Currently this facility is available in 204 locations.
SBI Life Branches with Premium Payment through Point of Sales Facility
For any further information related to premium payment, please feel free to call us on our Toll Free Number 1800 22 9090. You can also email us at info@sbilife.co.in or write to us at our communication address given below
COMMUNICATION ADDRESS
SBI Life Insurance Co. Ltd.
SBI Life Insurance Co. Ltd, Central Processing Centre, 8th Level, Seawoods Grand Central,
Tower 2, Plot No : R-1, Sector 40, Seawoods, Nerul Node, Navi Mumbai- 400706
1. Internet Banking
2. SBI Life website
3. Visa BillPay
4. ‘Easy Access’ mobile application
5. e-Wallet
6. Online Standing instruction on credit card
Pay Premium Offline
7. Direct remittance at SBI Life branch
8. Post or courier
9. In cash at authorized collection centers
10. Auto debit through NACH
11. Direct debit
12. State Bank ATM
13. POS terminal at SBI Life branch
Pay Premium Online
You can choose from multiple options to pay your insurance premium online, without any requirement of physical documents submission.
1. Internet Banking
If you are an internet banking customer of State Bank of India or any of our partner banks, you can enjoy the convenience of online payments.
All you have to do is add SBI Life as your biller (SBI Life is listed as a national biller) and provide your Policy details. Alternatively, you can register through www.billdesk.com.
After verification, this service will be activated and a premium due advice will be sent to your banker. The premium bill will be displayed once you login, indicating the due date and the premium due.
You can choose to pay the premium immediately or schedule the payment for a convenient date before the premium due date.
FAQs on Online payment
2. SBI Life Website
You can conveniently pay renewal premium on the SBI Life website.
On the website, you have the option to make the payment with your Visa/Master/American Express or Diners Credit Card or through your internet banking account with any of the partner banks listed on the website.
Registration
You do not need to register and there is no extra charge for payment through the website. If you are already a registered customer of the My Policy self-service portal, you can pay the premium by logging in to My Policy. If you are a non-registered customer, you can visit www.sbilife.co.in to make the payment.
Premium Payment Timelines
Online premium payment can be made 30 days in advance from the premium due date. However, in case you are unable to pay premium on the due date, you can still pay premium online up to 5 months and 25 days from the premium due date. Receipt for every successful transaction, you will get a Success Report and Premium Acknowledgement Receipt instantly. The Renewal Premium Receipt will be sent after adjustment / allocation of premium.
FAQs
3. Visa BillPay (www.visabillpay.com)
If you hold a Visa credit card that has been issued in India, you can register for paying premium through Visa BillPay.
To register for this facility, please log in to www.visabillpay.com , add SBI Life as your biller and provide your policy details for registration. After verification, this service will be activated and the premium bill will be displayed in your log-in with the due date and the premium due.
You can either choose to pay the premium immediately or schedule the payment for a convenient date before the premium date.
4. ‘Easy Access’ mobile application
You can also pay your renewal premium by using our mobile application. Download SBI Life Easy Access Mobile App
Click on the ‘Renewal Premium Payment’ option on the Home Page and submit your Policy Number, Date of Birth & Email ID.
Your payment acknowledgement will be sent to your Email ID.
5. eWallets
You can now pay your insurance premium through the following eWallets:
a) SBI Buddy
How to pay?
Step 1 - Download the State Bank ‘Buddy’ App on your mobile phone
Step 2 - Click ‘Recharge & Bill Pay’ and select the ‘Bill Pay’ option
Step 3 - Select Biller category as ‘Insurance’ and choose ‘SBI Life Insurance’ as biller
Step 4 - Enter Policy Number, Date of Birth and complete the transaction
The necessary validations will be conducted and money will be deducted from your SBI Buddy wallet and credited to your SBI Life policy, all in real time.
b) Jio Money Wallet
How to pay?
Step 1 - Download ‘Jio Money’ App on your mobile phone
Step 2 - Click ‘Recharge & Bill Pay’ and go to the ‘Bill Pay’ option
Step 3 - Select Biller category as ‘Insurance’ and choose ‘SBI Life Insurance’ as biller
Step 4 - Enter Policy Number, Date of Birth and complete the transaction
The required validations will be conducted and money will be deducted from your Jio Money Wallet and credited to you SBI Life policy, all in real time.
6. Standing Instruction On Credit Card
Another mode of premium payment is giving a Standing Instruction (SI) against your VISA or MasterCard Credit Card while making online payment. To activate this option, you will need to select the payment gateway of Billdesk - > Select Pay through Credit Card - > Select "One Time Payment + Standing Instruction"
The Standing Instruction will be activated within 3-4 days and debits will begin from the next due date.
Please note: We do not accept premium payment through Credit Cards issued outside India.
Pay Premium Offline
You can opt for any of the traditional premium payment modes from those listed below:
7. Direct Remittance At SBI Life Branch
You can make premium payments by cheque/demand draft at your nearest SBI Life branch. This facility is available at all SBI Life branches across India.
The cheque/ demand draft should be drawn in favor of “SBI Life Insurance Company Ltd – Policy Number ”
Please mention your policy number/s and your contact number on the reverse of the cheque/ dd.
8. Post or courier
You can send your cheque or demand draft for premium payments to any of the SBI Life branch offices by post or courier. A receipt acknowledging your payment will be sent to your communication address directly.
9. In cash at authorized collection centres
There are 3 ways you can make premium payments in cash -
a) At Common Service Centres (CSCs)*
You can pay premium in cash (upto 49,999) at any of the Common Services Centers * (CSC) across India.
The list of centres is available on www.gis.csc.gov.in
*implemented under the National e-Governance Plan (NeGP) of Govt. of India
b) At KarurVysya Bank Branches
Premium can be paid in cash (upto 50,000/-) and through direct debit facility at all the branches of KarurVysya Bank across India.
The list of branch locations is available on www.kvb.co.in
c) AP Online/MP Online
If you live in Madhya Pradesh or Andhra Pradesh, you can pay cash (upto 50,000/-) at any MP Online or AP Online outlets based on your location.
Branch locations are listed on their websites http://www.aponline.gov.in/ and http://www.mponline.gov.in/
10. Auto debit through NACH
You can choose to make use of the auto debit facility through National Automated Clearing House (NACH). For activating this, you need to submit the following documents at the nearest SBI Life branch office:
• A duly filled Mandate form
• Proof of Bank Account (cancelled cheque/account statement)
You can also mail the above documents to our communication address below:
SBI Life Insurance Co. Ltd.
SBI Life Insurance Co. Ltd, Central Processing Centre, 8th Level, Seawoods Grand Central,
Tower 2, Plot No : R-1, Sector 40, Seawoods, Nerul Node, Navi Mumbai- 400706
About NACH - National Payments Corporation of India (NPCI) has implemented “National Automated Clearing House (NACH)” for Banks, Financial Institutions, Corporates and Government. It is a web based solution to facilitate interbank, high volume, electronic transactions which are repetitive and periodic in nature.
*All the banks in India come under the purview of NACH w.e.f. 01-April-2016 as per NPCI and RBI instructions. Thus NACH replaces the current ECS (Electronic Clearance System) system of auto debit.
11. Direct debit from Bank Account
You can set up auto debit of premium from your bank account on your due date.
The direct debit facility is available to the account holders of State Bank of India, Axis Bank, CITI Bank, ICICI Bank, Bank of Baroda, Union Bank of India, Bank of India, IndusInd Bank, Punjab National Bank and Kotak Bank.
To avail this facility, please submit the following documents at any of our branch offices or mail it to our communication address.
• A duly filled Mandate form
• A cancelled cheque
12. State Bank ATMs
Now you can pay your premiums through all State Bank ATMs.
You can follow these simple steps to make the payment at the ATM:
Step 1 – Insert your card
Step 2– Go to Services >> Bill Pay >> Select SBI Life Insurance
Step 3 – Enter your Policy Number and Date of Birth
Step 4 – Make Payment
13. Point of Sales (PoS) terminals at select SBI Life branches
Another easy renewal premium payment option is paying through Debit Card (Maestro) / Credit Card (VISA and Master) using POS (Point of Sales) terminals at select SBI Life branches. Currently this facility is available in 204 locations.
SBI Life Branches with Premium Payment through Point of Sales Facility
For any further information related to premium payment, please feel free to call us on our Toll Free Number 1800 22 9090. You can also email us at info@sbilife.co.in or write to us at our communication address given below
COMMUNICATION ADDRESS
SBI Life Insurance Co. Ltd.
SBI Life Insurance Co. Ltd, Central Processing Centre, 8th Level, Seawoods Grand Central,
Tower 2, Plot No : R-1, Sector 40, Seawoods, Nerul Node, Navi Mumbai- 400706
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Online through our Customer Portal
1. Log in to your “MyPolicy” account through customer Self Service portal
2. Select “Premium Paid Certificates” and download certificate financial year wise.
2. Select “Premium Paid Certificates” and download certificate financial year wise.
At your nearest SBI Life Branch
1. Visit your nearest SBI Life Branch
2. Request for your Premium Paid Certificate.
2. Request for your Premium Paid Certificate.
By giving a missed call
Get your Premium Paid Certificate by giving us a missed call at 022-27599904.
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Online through our Customer Portal
1. Log in to your "MyPolicy" account through Customer Self Service.
2. Click on 'View Policy' & select Policy Number to view the current fund value under "Fund Value" Tab
2. Click on 'View Policy' & select Policy Number to view the current fund value under "Fund Value" Tab
By giving a missed call
Get your Fund Value by giving us a missed call at 022-27599901.
Via SMS
Send this SMS to 56161 or 9250001848 from your registered mobile number
FV<>(Policy Number)
FV<
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Policy Payout Requests
Submit policy payout request at your nearest SBI Life Branch
1. Visit your nearest SBI Life Branch
2.Submit the relevant policy payout request form along with the required documents
FAQs about Policy Surrender and Partial Withdrawal – Individual Plans
What does surrendering a life insurance policy mean?
Surrendering a life insurance policy means exiting from the policy before its maturity. It is the voluntary termination of the insurance contract by the policyholder.
What do I (the policy holder) stand to lose if I surrender the policy before maturity?
If you surrender the policy before its maturity, you stand to lose all the benefits associated with the policy; i.e. death benefits and maturity benefits.
Insurance policies are typically designed to give you financial benefits in the long-term. For maximizing your returns from the insurance investment, it is advisable to stay invested for the entire term. Moreover, surrendering a policy now and purchasing a new life insurance policy later is costly.
An alternative to surrendering the policy is partial withdrawal.
What do I receive when I surrender my policy?
On surrendering your policy, you will be paid a Surrender Value. Surrender Value will be as per the surrender clause mentioned in your policy schedule.
For instance, if you surrender your Unit Linked Insurance Plan (ULIP), the Surrender Value will be equal to your Fund Value (after deduction of charges for surrender and TDS as applicable) on the date of surrender.
Can I surrender my Unit Linked Insurance Plan (ULIP) at any time during the policy term and receive a surrender payout?
As per IRDAI guidelines, lock-in period of five years needs to be completed before any payout can be made to the policyholder.
How can I surrender my policy?
To surrender your policy, please visit the nearest SBI Life Branch and submit the duly filled Surrender Request Form.
What are the documents required for surrendering the policy?
You will need to submit the following documents to surrender your policy:
• Surrender Request Form with a recent photograph of the policyholder.
• Original Policy document. In the absence of the original policy document, you will need to get an indemnity bond executed.
• Original Photo ID and Address Proof with one self-attested photocopy.
• Original Bank Passbook / Account Statement which shows recent transactions not older than 1 month, along with one self-attested photocopy or original cancelled cheque with pre-printed name.
• Copy of the policyholder’s Pan Card.
• NRE Remittance letter, if payout needs to be processed into the NRE account.
• If you are an NRI, you can check with the SBI Life office about documents required for taxation purpose.
What is Partial Withdrawal?
Partial Withdrawal is an option that allows you to withdraw a part of your fund value. The rules applicable for partial withdrawal may differ from product to product.
What is the benefit of Partial withdrawal?
If need for liquidity arises, partial withdrawal enables you to fulfil your financial requirement without exiting from the policy. By availing the partial withdrawal facility, you can continue to enjoy the life cover that your insurance policy offers.
What are the documents required for Partial withdrawal?
Documents required for partial withdrawal are the same as those listed under Surrender Request.
What is Free look Cancellation?
Free Look Cancellation is a facility provided to the policyholder to review the terms and conditions of the policy. If the policy holder disagrees with any of those terms and conditions, he or she can return the policy for cancellation, stating the reasons for objection, within the stipulated period from the date of receipt of the policy document.
When does the free look period begin and end?
The Free Look period lasts for 15 days from receipt of the policy document, for policies sourced through any channel other than Distance Marketing. For policies sourced through Distance Marketing, the Free Look period lasts for 30 days from receipt of the policy document.
Are intermittent holidays and non-working days excluded under the stipulated calculation of free look period?
No
If the last day of the Free Look period is a Sunday or a public holiday, will the cancellation request be accepted on the next working day? If yes, how will the NAV be determined?
Yes, the cancellation request will be accepted on the next working day, if the last day of the Free Look period happens to be a Sunday or a public holiday. The NAV of the next working day will be applicable.
What are the documents required for initiating Free Look Cancellation?
You will need to submit the following documents to initiate Free Look Cancellation:
1. Free Look Cancellation Request form.
2. Original Policy Document.
3. Direct Credit mandate. NRE Remittance letter to be submitted, if payout needs to be processed into the NRE account.
4. Cancelled cheque leaf with the name pre-printed name or self-attested pre-printed pass book copy with transaction details not more than six months old.
5. Original First Premium Receipt.
FAQs about Policy Surrender and Partial Withdrawal – Group Plans
What are creditor protection products?
Creditor protection products are products which are taken on the life of a member who has availed of a loan. In case of death of the member, the insurer will pay benefits as defined in the policy terms and conditions.
When can SBI Life – Dhanraksha and SBI Life – RiNn Raksha Policies be surrendered?
These policies can be surrendered any time after one year from the start date of the insurance cover, till expiry of policy term.
What are the documents required for surrender/foreclosure of Group Plans?
You will need to submit the following documents to surrender your Group Plan:
1. Surrender Form.
2. Recommendation from Master Policy Holder.
3. Original COI(Certificate Of Insurance).
4. Direct Credit Mandate and cancelled cheque with pre-printed name. NRE Remittance letter to be submitted, if payout needs to be processed into the NRE account.
What are the documents required for initiating Group Free Look Cancellation?
You will need to submit the following documents to initiate Group Free Look Cancellation:
1. Free Look Cancellation Form
2. Recommendation from Master Policy Holder.
3. Original COI(Certificate Of Insurance).
4. Direct Credit Mandate and cancelled cheque with pre-printed name. NRE Remittance letter to be submitted, if payout needs to be processed into the NRE account.
What are the documents required for Group Cover Cancellation?
1. Cover cancellation form.
2. Recommendation from Master Policy Holder with loan status (can be done only if loan is not availed or closed within 90 days).
3. Original COI(Certificate Of Insurance).
4. Direct Credit Mandate and cancelled cheque with pre-printed name. NRE Remittance letter to be submitted, if payout needs to be processed into the NRE account.
When can Super Suraksha policies be foreclosed?
Super Suraksha policies can be foreclosed upon submission of surrender documents, once the loan is foreclosed.
For SBI Life – RiNn Raksha policies, are Free Look Cancellation and Cover Cancellation the same?
Free Look Cancellation and Cover Cancellation are not the same for SBI Life – RiNn Raksha policies.
• Free Look Cancellation can be done within 15 days from receipt of policy in case you are not satisfied with the terms and conditions of the policy.
Recommendation from Master Policy Holder is required, along with other necessary documents mentioned here. • Cover cancellation can be done on receipt of request from a member within 90 days from issuance of policy, stating that the loan is not availed or that it is closed within 90 days. Recommendation from Master Policy Holder is required, along with other necessary documents mentioned here.
Where can I submit the request for Surrender/Foreclosure/Free Look and Cover Cancellation?
All the above requests can be submitted at the nearest SBI Life Branch, along with the required documents.
Can members continue with their SBI Life – Dhanraksha or SBI Life – RiNn Raksha policy even if they have closed their loan account?
Yes, they can continue with their policy.
Is closure of loan account mandatory in order to surrender the SBI Life – Dhanraksha or SBI Life – RiNn Raksha policy?
No, you can surrender your SBI Life – Dhanraksha or SBI Life – RiNn Raksha policy even without closure of your loan account.
1. Visit your nearest SBI Life Branch
2.Submit the relevant policy payout request form along with the required documents
FAQs about Policy Surrender and Partial Withdrawal – Individual Plans
What does surrendering a life insurance policy mean?
Surrendering a life insurance policy means exiting from the policy before its maturity. It is the voluntary termination of the insurance contract by the policyholder.
What do I (the policy holder) stand to lose if I surrender the policy before maturity?
If you surrender the policy before its maturity, you stand to lose all the benefits associated with the policy; i.e. death benefits and maturity benefits.
Insurance policies are typically designed to give you financial benefits in the long-term. For maximizing your returns from the insurance investment, it is advisable to stay invested for the entire term. Moreover, surrendering a policy now and purchasing a new life insurance policy later is costly.
An alternative to surrendering the policy is partial withdrawal.
What do I receive when I surrender my policy?
On surrendering your policy, you will be paid a Surrender Value. Surrender Value will be as per the surrender clause mentioned in your policy schedule.
For instance, if you surrender your Unit Linked Insurance Plan (ULIP), the Surrender Value will be equal to your Fund Value (after deduction of charges for surrender and TDS as applicable) on the date of surrender.
Can I surrender my Unit Linked Insurance Plan (ULIP) at any time during the policy term and receive a surrender payout?
As per IRDAI guidelines, lock-in period of five years needs to be completed before any payout can be made to the policyholder.
How can I surrender my policy?
To surrender your policy, please visit the nearest SBI Life Branch and submit the duly filled Surrender Request Form.
What are the documents required for surrendering the policy?
You will need to submit the following documents to surrender your policy:
• Surrender Request Form with a recent photograph of the policyholder.
• Original Policy document. In the absence of the original policy document, you will need to get an indemnity bond executed.
• Original Photo ID and Address Proof with one self-attested photocopy.
• Original Bank Passbook / Account Statement which shows recent transactions not older than 1 month, along with one self-attested photocopy or original cancelled cheque with pre-printed name.
• Copy of the policyholder’s Pan Card.
• NRE Remittance letter, if payout needs to be processed into the NRE account.
• If you are an NRI, you can check with the SBI Life office about documents required for taxation purpose.
What is Partial Withdrawal?
Partial Withdrawal is an option that allows you to withdraw a part of your fund value. The rules applicable for partial withdrawal may differ from product to product.
What is the benefit of Partial withdrawal?
If need for liquidity arises, partial withdrawal enables you to fulfil your financial requirement without exiting from the policy. By availing the partial withdrawal facility, you can continue to enjoy the life cover that your insurance policy offers.
What are the documents required for Partial withdrawal?
Documents required for partial withdrawal are the same as those listed under Surrender Request.
What is Free look Cancellation?
Free Look Cancellation is a facility provided to the policyholder to review the terms and conditions of the policy. If the policy holder disagrees with any of those terms and conditions, he or she can return the policy for cancellation, stating the reasons for objection, within the stipulated period from the date of receipt of the policy document.
When does the free look period begin and end?
The Free Look period lasts for 15 days from receipt of the policy document, for policies sourced through any channel other than Distance Marketing. For policies sourced through Distance Marketing, the Free Look period lasts for 30 days from receipt of the policy document.
Are intermittent holidays and non-working days excluded under the stipulated calculation of free look period?
No
If the last day of the Free Look period is a Sunday or a public holiday, will the cancellation request be accepted on the next working day? If yes, how will the NAV be determined?
Yes, the cancellation request will be accepted on the next working day, if the last day of the Free Look period happens to be a Sunday or a public holiday. The NAV of the next working day will be applicable.
What are the documents required for initiating Free Look Cancellation?
You will need to submit the following documents to initiate Free Look Cancellation:
1. Free Look Cancellation Request form.
2. Original Policy Document.
3. Direct Credit mandate. NRE Remittance letter to be submitted, if payout needs to be processed into the NRE account.
4. Cancelled cheque leaf with the name pre-printed name or self-attested pre-printed pass book copy with transaction details not more than six months old.
5. Original First Premium Receipt.
FAQs about Policy Surrender and Partial Withdrawal – Group Plans
What are creditor protection products?
Creditor protection products are products which are taken on the life of a member who has availed of a loan. In case of death of the member, the insurer will pay benefits as defined in the policy terms and conditions.
When can SBI Life – Dhanraksha and SBI Life – RiNn Raksha Policies be surrendered?
These policies can be surrendered any time after one year from the start date of the insurance cover, till expiry of policy term.
What are the documents required for surrender/foreclosure of Group Plans?
You will need to submit the following documents to surrender your Group Plan:
1. Surrender Form.
2. Recommendation from Master Policy Holder.
3. Original COI(Certificate Of Insurance).
4. Direct Credit Mandate and cancelled cheque with pre-printed name. NRE Remittance letter to be submitted, if payout needs to be processed into the NRE account.
What are the documents required for initiating Group Free Look Cancellation?
You will need to submit the following documents to initiate Group Free Look Cancellation:
1. Free Look Cancellation Form
2. Recommendation from Master Policy Holder.
3. Original COI(Certificate Of Insurance).
4. Direct Credit Mandate and cancelled cheque with pre-printed name. NRE Remittance letter to be submitted, if payout needs to be processed into the NRE account.
What are the documents required for Group Cover Cancellation?
1. Cover cancellation form.
2. Recommendation from Master Policy Holder with loan status (can be done only if loan is not availed or closed within 90 days).
3. Original COI(Certificate Of Insurance).
4. Direct Credit Mandate and cancelled cheque with pre-printed name. NRE Remittance letter to be submitted, if payout needs to be processed into the NRE account.
When can Super Suraksha policies be foreclosed?
Super Suraksha policies can be foreclosed upon submission of surrender documents, once the loan is foreclosed.
For SBI Life – RiNn Raksha policies, are Free Look Cancellation and Cover Cancellation the same?
Free Look Cancellation and Cover Cancellation are not the same for SBI Life – RiNn Raksha policies.
• Free Look Cancellation can be done within 15 days from receipt of policy in case you are not satisfied with the terms and conditions of the policy.
Recommendation from Master Policy Holder is required, along with other necessary documents mentioned here. • Cover cancellation can be done on receipt of request from a member within 90 days from issuance of policy, stating that the loan is not availed or that it is closed within 90 days. Recommendation from Master Policy Holder is required, along with other necessary documents mentioned here.
Where can I submit the request for Surrender/Foreclosure/Free Look and Cover Cancellation?
All the above requests can be submitted at the nearest SBI Life Branch, along with the required documents.
Can members continue with their SBI Life – Dhanraksha or SBI Life – RiNn Raksha policy even if they have closed their loan account?
Yes, they can continue with their policy.
Is closure of loan account mandatory in order to surrender the SBI Life – Dhanraksha or SBI Life – RiNn Raksha policy?
No, you can surrender your SBI Life – Dhanraksha or SBI Life – RiNn Raksha policy even without closure of your loan account.
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Online through our Customer Portal
1. Log in to your “MyPolicy” account through Customer Self Service portal
2. Select the ‘Change of Address’ option
3. Enter your Policy Number
4. Update the relevant information and upload the address proof.
5. Click ‘Submit’
2. Select the ‘Change of Address’ option
3. Enter your Policy Number
4. Update the relevant information and upload the address proof.
5. Click ‘Submit’
At your nearest SBI Life Branch
1. Visit your nearest SBI Life Branch.
2. Submit the Request for Change in Contact Details Form with the following documents:
a. Self-attested photocopy of address proof
b. Original address proof for verification
c. ID proof
2. Submit the Request for Change in Contact Details Form with the following documents:
a. Self-attested photocopy of address proof
b. Original address proof for verification
c. ID proof
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Online through our Customer Portal
Apply for T-pin, which is a one-time process by submitting the “T-pin Application Form” at your nearest SBI Life Branch to avail the Fund Switch online services
1. Log in to your “MyPolicy” account through Customer Self Service portal.
2. Select the ‘Fund Switch’ option and proceed with your transaction
1. Log in to your “MyPolicy” account through Customer Self Service portal.
2. Select the ‘Fund Switch’ option and proceed with your transaction
At your nearest SBI Life Branch
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Online through our Customer Portal
Apply for T-pin, which is a one-time process by submitting the “T-pin Application Form” at your nearest SBI Life Branch to avail the Fund Switch online services
1. Log in to your “MyPolicy” account through Customer Self Service portal.
2. Select the ‘Fund Re-direction’ option and proceed with your transaction
1. Log in to your “MyPolicy” account through Customer Self Service portal.
2. Select the ‘Fund Re-direction’ option and proceed with your transaction
At your nearest SBI Life Branch
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Update Bank Account
Online through our Customer Portal
1. Log in to your “MyPolicy” account through Customer Self Service portal
2. Select the ‘Update Bank Account Details’ option
3. Enter your Policy Number
4. Update the relevant information and upload either of the following proofs:
a. Cancelled cheque leaf with pre-printed name and account number
OR
b. Self-attested copy of bank pass book with recent transaction statement not older than 6 months
2. Select the ‘Update Bank Account Details’ option
3. Enter your Policy Number
4. Update the relevant information and upload either of the following proofs:
a. Cancelled cheque leaf with pre-printed name and account number
OR
b. Self-attested copy of bank pass book with recent transaction statement not older than 6 months
At your nearest SBI Life Branch
1. Visit your nearest SBI Life Branch
2. Submit the duly filled "Request_for_E-statement_Contact_Details_PAN_Bank_Account_Details" with the following document:
a. Cancelled cheque leaf with pre-printed name and account number
OR
b. Self-attested copy of bank pass book with recent transaction statement not older than 6 months
2. Submit the duly filled "Request_for_E-statement_Contact_Details_PAN_Bank_Account_Details" with the following document:
a. Cancelled cheque leaf with pre-printed name and account number
OR
b. Self-attested copy of bank pass book with recent transaction statement not older than 6 months
Update PAN Number
Online through our Customer Portal
1. Log in to your “MyPolicy” account through Customer Self Service portal
2. Select the ‘Update PAN number’ option
3. Update your PAN number and submit
2. Select the ‘Update PAN number’ option
3. Update your PAN number and submit
By SMS
From your registered mobile number, SMS
PAN<< space >>(Policy Number)<< space >>(PAN Number)
To 56161 or 9250001848
PAN<< space >>(Policy Number)<< space >>(PAN Number)
To 56161 or 9250001848
At your nearest SBI Life Branch
1. Visit your nearest SBI Life Branch
2. Submit the duly filled Request for Change in Policy Details Form
2. Submit the duly filled Request for Change in Policy Details Form
Update Email ID
Online through our Customer Portal
1. Log in to your “MyPolicy” account through Customer Self Service portal
2. Select the ‘Update Email ID’ option
3. Update your Email ID and submit
2. Select the ‘Update Email ID’ option
3. Update your Email ID and submit
By SMS
From your registered mobile number, SMS
MYEMAIL<< space >>(Policy Number)<< space >>(New Email ID)
To 56161 or 9250001848
MYEMAIL<< space >>(Policy Number)<< space >>(New Email ID)
To 56161 or 9250001848
At your nearest SBI Life Branch
1. Visit your nearest SBI Life Branch
2. Submit the duly filled Request for Change in Contact Details Form
2. Submit the duly filled Request for Change in Contact Details Form
Update Other Personal Information
Online through our Customer Portal
1. Log in to your “MyPolicy” account through Customer Self Service portal
2. Select the ‘Update Personal Information’ option
3. Enter your Policy Number
4. Update the necessary information and submit.
2. Select the ‘Update Personal Information’ option
3. Enter your Policy Number
4. Update the necessary information and submit.
At your nearest SBI Life Branch
1. Visit your nearest SBI Life Branch
2. Submit the duly filled Request for Change in Contact Details Form or the Request For Change in Policy Details Form, whichever is applicable
2. Submit the duly filled Request for Change in Contact Details Form or the Request For Change in Policy Details Form, whichever is applicable
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Policy Alterations
| Profile | CSS portal | SMS | SBI Life branch | Documents required |
|---|---|---|---|---|
| Fund Switch | Login in to Online Customer Portal. Select Fund Switch option.Enter T-PIN and proceed | NA | Submit request at SBI Life branch | Request form |
| Fund Re-direction | Login in to Online Customer Portal. Select Fund Re-direction option.Enter T-PIN and proceed | NA | Submit request at SBI Life branch | Request form |
| Change Of Address | Login in to Online Customer Portal. Select the Change of Address option.Select policy no. and enter the details. Upload proof and submit. | NA | Submit request at SBI Life branch | Request form,self attested photo copy of address proof,original address proof for verification & ID proof |
| Bank Updation | Login in to Online Customer Portal. Select the Bank Updation option.Select policy no. and enter the details. Upload proof and submit. | NA | Submit request at SBI Life branch | Request form along with pre-printed cancelled cheque leaf or a self attested copy of bank pass book with recent transaction statement. |
| PAN updation | Login in to Online Customer Portal. Select the PAN updation option and proceed to update | SMS following from your registered mobile no. PAN<<space>> (Policy Number)<<space>> <<PAN number >>to 56161 or 9250001848. | Submit request at SBI Life branch | Request form. |
| Email ID | Login in to Online Customer Portal. Select the email ID updation option and proceed to update | SMS following from your registered mobile no. MYEMAIL<<space>> (Policy Number)<<space>> <<New Email id>>to 56161 or 9250001848 | Submit request at SBI Life branch | Request form. |
| Personal information | Login in to Online Customer Portal. Select the personal information updation option and proceed to update | NA | Submit request letter at SBI Life branch | Request Letter |
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Unclaimed Amount Disclosure
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Public Notices
• Claim related information to customers affected by floods in Bihar
• Notice to customers affected by floods in Gujarat and Assam
• Public Notice to all existing/prospective policyholders on amendments to Section 45
• Section 45 of the Insurance Act, 1938
• Effective service tax rates (including Swacch Bharat Cess) for insurance plans
• Caution Notice – Recruitment Fraud
• List of Active Insurance Agents
• List of Blacklisted Insurance Agents
• Notice to customers affected by floods in Gujarat and Assam
• Public Notice to all existing/prospective policyholders on amendments to Section 45
• Section 45 of the Insurance Act, 1938
• Effective service tax rates (including Swacch Bharat Cess) for insurance plans
• Caution Notice – Recruitment Fraud
• List of Active Insurance Agents
• List of Blacklisted Insurance Agents
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To understand our policy on with-profits plans, you can view the With-Profits Policy Guide.
Select the year to view bonus rates declared in the past under our with-profits plans:
To understand our policy on with-profits plans, you can view the With-Profits Policy Guide.
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Missed Call Services
Give a Missed Call on 022-27599901 to know your fund value.
Give a Missed Call on 022-27599904 to get Premium Paid Certificate.
Give a Missed Call on 022-27599904 to get Premium Paid Certificate.
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Dematerialization of Policy Document
CONVERT YOUR INSURANCE POLICIES INTO DEMAT FORM AND DE-STRESS YOUR LIFE!!
Why should I dematerialize???
Reduced Risk : No risk of loss or damage to policy document.
Easy Tracking of Policies : Track all policies* held with multiple insurers (life/non-life) under a single account.
*Request to dematerialize and credit policy/ies into the eIA to be provided to each insurer separately or through chosen insurance repository.
It’s FREE** : No charge to be borne by the customers for opening or maintaining the account and for conversion of physical policies to demat policies.
**Only for Basic Services
How to go about it???
It’s Simple!!! Just open an e-Insurance Account (eIA) with any of the Insurance Repositories (mentioned below) licensed by IRDAI and fill up the demat request form at SBI Life.
Alternatively, you can also submit the eInsurance Account opening form along with the demat request form at your nearest SBI Life branch.
Documents required for opening e-Insurance Account
Insurance Repositories empanelled with SBI Life
1. CDSL Insurance Repository Ltd
http://www.cirl.co.in/
2. CAMS Insurance Repository Services Limited
https://www.camsrepository.com/
3. KARVY Insurance Repository Ltd
http://www.kinrep.com/
4. NSDL National Insurance Repository
https://nir.ndml.in/
#Acceptable list available at the reverse of the account opening form of the insurance repositories
Why should I dematerialize???
Reduced Risk : No risk of loss or damage to policy document.
Easy Tracking of Policies : Track all policies* held with multiple insurers (life/non-life) under a single account.
*Request to dematerialize and credit policy/ies into the eIA to be provided to each insurer separately or through chosen insurance repository.
It’s FREE** : No charge to be borne by the customers for opening or maintaining the account and for conversion of physical policies to demat policies.
**Only for Basic Services
How to go about it???
It’s Simple!!! Just open an e-Insurance Account (eIA) with any of the Insurance Repositories (mentioned below) licensed by IRDAI and fill up the demat request form at SBI Life.
Alternatively, you can also submit the eInsurance Account opening form along with the demat request form at your nearest SBI Life branch.
Documents required for opening e-Insurance Account
- Proof of Identity ( PAN or Aadhar only)
- Proof of Address#
- Date of Birth Proof#
- Recent passport size color photograph
- Original cancelled cheque
Insurance Repositories empanelled with SBI Life
1. CDSL Insurance Repository Ltd
http://www.cirl.co.in/
2. CAMS Insurance Repository Services Limited
https://www.camsrepository.com/
3. KARVY Insurance Repository Ltd
http://www.kinrep.com/
4. NSDL National Insurance Repository
https://nir.ndml.in/
#Acceptable list available at the reverse of the account opening form of the insurance repositories
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Re-materialization of Policy Document
What is Re-materialization ??
Re-materialization is conversion of the dematerialized policy into physical policy document.
Need of Re-materialization :
The policyholder wishes to assign the policy.
The policyholder wishes to close the eIA.
The policyholder wishes to hold his policies in physical form
How to proceed for Re-materialization ?
The policy holder must submit Re-mat request form at any SBI Life branch stating the reason(s) for re-materialization. Physical Policy document will be dispatched to customer’s registered correspondence address. SBI Life may charge for re-materialization i.e. issuance of physical policy document.
Re-materialization is conversion of the dematerialized policy into physical policy document.
Need of Re-materialization :
The policyholder wishes to assign the policy.
The policyholder wishes to close the eIA.
The policyholder wishes to hold his policies in physical form
How to proceed for Re-materialization ?
The policy holder must submit Re-mat request form at any SBI Life branch stating the reason(s) for re-materialization. Physical Policy document will be dispatched to customer’s registered correspondence address. SBI Life may charge for re-materialization i.e. issuance of physical policy document.
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Revival Of Lapsed Policies
Click for a Quick Revival Quotation OR Place a Revival Request Online.
How does an insurance policy lapse?
A life insurance policy is a long term contract between you (the policyholder) and the life insurance company. As part of this contract, you pay premium on or before the due date in return for protection and various other benefits offered by the life insurance company.
However, we understand that sometimes this may not happen due to reasons unforeseen to you. In such cases, we provide a certain grace period for payment of premium. At SBI Life, we allow:
• 30 or 91 or 106 days grace for premiums paid Quarterly, Half Yearly & Yearly(91 or 106 days for ULIPs issued in 2010 & 2013)
• 15 or 76 or 91 days grace for Monthly premiums(76 or 91 days for ULIPs issued in 2010 & 2013)
If the premium is still not paid within the grace period, the policy lapses. In this case, it lapses with effect from the First Unpaid Premium (FUP).
Can a lapsed policy be revived?
The good news is that a lapsed policy can be revived during the lifetime of the Life Assured. You can revive it within the revival period which begins from the date of FUP/discontinuation date and ends before the due date of last premium.
How can a policy be revived?
We follow a process of revival which depends upon the period elapsed since the date of First Unpaid Premium (FUP) and also upon the health conditions of the Life Assured at the time of revival.
You can revive your lapsed policy during your (life assured’s) life time within the revival period from the date of FUP/Discontinuation date (Discontinuation date is for ULIPs issued in 2010 & 2013). For this, you will need to submit evidence of good health to the company and pay the arrears of premium along with the necessary interest.
For ULIPs issued in 2010 & 2013, Policies can be revived within 2 years of revival period from date of discontinuation.
You can initiate the revival process by submitting a written request to us at the nearest SBI Life Branch.
However, we reserve the right to accept or reject the revival on original terms or on modified terms, based on internal underwriting guidelines.
How does an insurance policy lapse?
A life insurance policy is a long term contract between you (the policyholder) and the life insurance company. As part of this contract, you pay premium on or before the due date in return for protection and various other benefits offered by the life insurance company.
However, we understand that sometimes this may not happen due to reasons unforeseen to you. In such cases, we provide a certain grace period for payment of premium. At SBI Life, we allow:
• 30 or 91 or 106 days grace for premiums paid Quarterly, Half Yearly & Yearly(91 or 106 days for ULIPs issued in 2010 & 2013)
• 15 or 76 or 91 days grace for Monthly premiums(76 or 91 days for ULIPs issued in 2010 & 2013)
If the premium is still not paid within the grace period, the policy lapses. In this case, it lapses with effect from the First Unpaid Premium (FUP).
Can a lapsed policy be revived?
The good news is that a lapsed policy can be revived during the lifetime of the Life Assured. You can revive it within the revival period which begins from the date of FUP/discontinuation date and ends before the due date of last premium.
How can a policy be revived?
We follow a process of revival which depends upon the period elapsed since the date of First Unpaid Premium (FUP) and also upon the health conditions of the Life Assured at the time of revival.
You can revive your lapsed policy during your (life assured’s) life time within the revival period from the date of FUP/Discontinuation date (Discontinuation date is for ULIPs issued in 2010 & 2013). For this, you will need to submit evidence of good health to the company and pay the arrears of premium along with the necessary interest.
For ULIPs issued in 2010 & 2013, Policies can be revived within 2 years of revival period from date of discontinuation.
You can initiate the revival process by submitting a written request to us at the nearest SBI Life Branch.
However, we reserve the right to accept or reject the revival on original terms or on modified terms, based on internal underwriting guidelines.
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List of Withdrawn Product
| Sr.No | Product | UIN | Policy Document |
|---|---|---|---|
| 1 | SBI Life - Sanjeevan | 111N001V01 | -- |
| 2 | SBI Life - Young Sanjeevan | 111N002V01 | -- |
| 3 | SBI Life - Sukhjeevan | 111N003V01 | -- |
| 4 | SBI Life - Scholar | 111N004V01 | -- |
| 5 | SBI Life - Sukhjeevan Pratham | 111N009V01 | -- |
| 6 | SBI Life - Sudarshan | 111N008V01 | -- |
| 7 | SBI Life - Lifelong Pensions - Individuals part I | 111N011V01 |
|
| 8 | SBI Life - Lifelong Pensions - Individuals Part II | 111N011V01 | |
| 9 | SBI Life - Swadhan - for Individuals | 111N013V01 | -- |
| 10 | SBI Life - Setubandhan | 111N017V01 | -- |
| 11 | SBI Life - Sanjeevan Supreme | 111N016V01 | -- |
| 12 | SBI Life - Money Back | 111N019V01 | -- |
| 13 | SBI Life - Shield | 111N018V01 | -- |
| 14 | SBI Life - Scholar II | 111N020V01 | Click Here |
| 15 | SBI Life - Horizon | 111L021V01 | -- |
| 16 | SBI Life - Unit Plus Regular | 111L023V01 | Click Here |
| 17 | SBI Life - Dhana Vriddhi | 111N024V01 | Click Here |
| 18 | SBI Life - Unit Plus Single | 111L022V01 | -- |
| 19 | SBI Life - Annuity Plus | 111N083V01 | Click Here |
| 20 | SBI Life - Annuity Plus | 111N083V02 | Click Here |
| 21 | SBI Life - Horizon II | 111L027V01 | -- |
| 22 | SBI Life - Unit Plus II Regular | 111L028V01 | Click Here |
| 23 | SBI Life - Unit Plus II - Single | 111L029V01 | Click Here |
| 24 | SBI Life - Smart IncomeShield Insurance | 111N084V01 | Click Here |
| 25 | SBI Life - Horizon II Pension | 111L031V01 | -- |
| 26 | SBI Life - Unit Plus II Pension | 111L032V01 | -- |
| 27 | SBI Life - Immediate Annuity | 111N025V01 | Click Here |
| 28 | SBI Life - Unit Plus Child Plan | 111L046V01 | Click Here |
| 29 | SBI Life - Unit Plus Elite | 111L045V01 | Click Here |
| 30 | SBI Life - Saral ULIP | 111L047V01 | -- |
| 31 | SBI Life - Smart ULIP | 111L053V01 | Click Here |
| 32 | SBI Life - Smart ULIP | 111L053V02 | Click Here |
| 33 | SBI Life - Maha Anand | 111L054V01 | Click Here |
| 34 | SBI Life - Shubh Nivesh | 111N055V01 | -- |
| 35 | SBI Life - Shubh Nivesh | 111N055V02 | Click Here |
| 36 | SBI Life - Lifelong Pension Plus | 111N057V01 | Click Here |
| 37 | SBI Life - Unit Plus III | 111L056V01 | -- |
| 38 | SBI Life - Unit Plus III Pension | 111L060V01 | Click Here |
| 39 | SBI Life - Horizon III Pension | 111L061V01 | Click Here |
| 40 | SBI Life - Maha Anand II | 111L058V01 | Click Here |
| 41 | SBI Life - Horizon III | 111L059V01 | -- |
| 42 | SBI Life - Unit Plus Elite II | 111L063V01 | Click Here |
| 43 | SBI Life - Unit Plus II Child Plan | 111L062V01 | -- |
| 44 | SBI Life - Smart Performer | 111L068V01 | -- |
| 45 | SBI Life - Smart Shield | 111N067V01 | -- |
| 46 | SBI Life - Smart Shield | 111N067V02 | Click Here |
| 47 | SBI Life - Smart Shield | 111N067V03 | Click Here |
| 48 | SBI Life - Hospital Cash | 111N065V01 | -- |
| 49 | SBI Life - Saral Shield | 111N066V01 | -- |
| 50 | SBI Life - Saral Life | 111N071V01 | -- |
| 51 | SBI Life - Unit Plus Super | 111L069V01 | -- |
| 52 | SBI Life - Saral Maha Anand | 111L070V01 | Click Here |
| 53 | SBI Life - Smart Scholar | 111L073V01 | -- |
| 54 | SBI Life - Smart Horizon | 111L074V01 | -- |
| 55 | SBI Life - Smart Elite | 111L072V01 | Click Here |
| 56 | SBI Life - Smart Pension | 111L075V01 | Click Here |
| 57 | SBI Life - Smart Wealth Assure | 111L077V01 | Click Here |
| 58 | SBI Life - Flexi Smart Insurance | 111N080V01 | -- |
| 59 | SBI Life - Smart Money Back Insurance | 111N082V01 | Click Here |
| 60 | SBI Life - Sampoorn Suraksha | 111N040V01 | -- |
| 61 | SBI Life - Sampoorn Suraksha | 111N040V02 | -- |
| 62 | SBI Life - Nidhi Raksha RP | 111N041V01 | Click Here |
| 63 | SBI Life - Dhanrashi | 111N048V01 | -- |
| 64 | SBI Life - Suraksha Plus | 111N051V01 | -- |
| 65 | SBI Life - Suraksha Plus | 111N051V02 | Click Here |
| 66 | SBI Life - Kalyan ULIP | 111L052V01 | -- |
| 67 | SBI Life - Swarna Jeevan | 111N049V01 | Click Here |
| 68 | SBI Life - Group Criti 9 Plan | 111N050V01 | Click Here |
| 69 | SBI Life - Cap Assure | 111N064V01 | Click Here |
| 70 | SBI Life - Kalyan ULIP Plus | 111L079V01 | -- |
| 71 | SBI Life - RiNn Raksha | 111N078V01 | -- |
| 72 | SBI Life - RiNn Raksha | 111N078V02 | Click Here |
| 73 | SBI Life - Sampoorn Suraksha | 111N040V03 | Click Here |
| 74 | SBI Life - CapAssure Gold | 111N091V01 | -- |
| 75 | SBI Life - Super Suraksha | 111N005V01 | -- |
| 76 | SBI Life - Credit Guard | 111N007V01 | -- |
| 77 | SBI Life - Credit Guard | 111N007V02 | -- |
| 78 | SBI Life - Swarna Ganga | 111N006V01 | -- |
| 79 | SBI Life - Swarna Ganga | 111N006V02 | Click Here |
| 80 | SBI Life - Group Gratuity cum Life cover Scheme | 111N010V01 | Click Here |
| 81 | SBI Life - Swadhan - for Groups | 111N014V01 | -- |
| 82 | SBI Life - Lifelong Pensions - for Groups | 111N012V01 | Click Here |
| 83 | SBI Life - Group Leavencashment cum Life Cover Scheme | 111N026V01 | Click Here |
| 84 | SBI Life - Group Superannuation | 111N030V01 | -- |
| 85 | SBI Life - Golden Gratuity | 111L033V01 | -- |
| 86 | SBI Life - Group Immediate Annuity | 111N034V01 | Click Here |
| 87 | SBI Life - Dhanaraksha Plus - SP | 111N037V01 | Click Here |
| 88 | SBI Life - Dhanaraksha Plus - LPPT | 111N035V01 | Click Here |
| 89 | SBI Life - Dhanaraksha Plus - RP | 111N036V01 | Click Here |
| 90 | SBI Life - Grameen Shakti | 111N038V01 | Click Here |
| 91 | SBI Life - Grameen Super Suraksha | 111N039V01 | Click Here |
| 92 | SBI Life - Grameen Super Suraksha | 111N039V02 | Click Here |
| 93 | SBI Life - CapAssure Group Gratuity | 111N044V01 | Click Here |
| 94 | SBI Life - CapAssure Group Leave Encashment | 111N042V01 | -- |
| 95 | SBI Life - CapAssure Group Supernnuation | 111N043V01 | -- |
| 96 | SBI Life - Smart Income Protect | 111N085V01 | -- |
| 97 | SBI Life - Smart Income Protect | 111N085V02 | Click Here |
| 98 | SBI Life - Smart Health Plan | 111N086V01 | Click Here |
| 99 | SBI Life - Saral Pension | 111N088V01 | -- |
| 100 | SBI Life - Saral Swadhan + | 111N092V01 | Click Here |
| 101 | SBI Life - Smart Money Back Gold | 111N096V01 | Click Here |
| 102 | SBI Life - Smart Champ | 111N098V01 | Click Here |
| 103 | SBI Life - Smart Money Planner | 111N101V01 | Click Here |
| 104 | SBI Life - Smart Humsafar | 111N103V01 | Click Here |
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List of Withdrawn Riders
| Sr.No | Product | UIN | Rider Document |
|---|---|---|---|
| 1 | SBI Life - Accidental Death and Permanent Disability Rider | 111C001V01 | -- |
| 2 | SBI Life - Group Accident death and permanent disability rider | 111B002V01 | -- |
| 3 | SBI Life - Pure Term Rider | 111B003V01 | -- |
| 4 | SBI Life - Dhanavantri (Individual Critical Illness Rider) | 111B004V01 | -- |
| 5 | SBI Life - Premium Waiver Benefit Rider (Individuals) | 111B005V01 | -- |
| 6 | SBI Life - Group Rider - Accidental Partial Permanent Disability | 111B006V01 | Click Here |
| 7 | SBI Life - Group Rider -Accidental Death | 111B007V01 | Click Here |
| 8 | SBI Life - Group Rider - Accelerated- Extended Critical Illness | 111B008V01 | Click Here |
| 9 | SBI Life - Group Rider - Accidental Total Permanent Disability | 111B009V01 | Click Here |
| 10 | SBI Life - Group Rider - Additoinal - Extended Critical Illness | 111B010V01 | Click Here |
| 11 | SBI Life - Group Rider - Accelerated - Core Critical Illness | 111B011V01 | Click Here |
| 12 | SBI Life - Group Rider - Additional -Core Critical Illness | 111B012V01 | Click Here |
| 13 | SBI Life - Group Rider - Accident and Sickness Total Permanent Disability | 111B013V01 | Click Here |
| 14 | SBI Life Preferred Term Rider | 111B014V01 | -- |
| 15 | SBI life Accidental Death Benefit Rider | 111B015V01 | -- |
| 16 | SBI life Accidental Total & Permanent Disability Benfit Rider | 111B016V01 | -- |
| 17 | SBI Life Premium Payor Waiver Benefit Rider | 111A017V01 | -- |
| 18 | SBI Life Criti Care 13 Rider | 111A018V01 | -- |
| 19 | SBI Life Accidental death Benefit Linked Rider | 111A019V01 | -- |
| 20 | SBI Life Income Sustainer Rider | 111A020V01 | -- |
| 21 | SBI Life 12 EMI Benefit on Critical Illness | 111B021V01 | -- |
| 22 | SBI Life Accidental Sickness Total and Permanent Disability Benefit | 111B022V01 | -- |
| 23 | SBI Life Accidental Total and permanent Disability Benefit | 111B023V01 | -- |
| 24 | SBI Life Accidental hospital Cash Rider | 111B024V01 | -- |
| 25 | SBI Life Criticare 13 Non-Linked rider | 111B025V01 | -- |
| 26 | SBI Life Dhanvantari Supreme ( Individual Critical Illness Rider Product) | 111C004V02 | -- |
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