The SMS process to check the status of the policy provides more clarity to the insured and help them to stay updated throughout the tenure of the plan. To know the SBI Life Insurance Policy status through SMS, the policyholder requires sending the SMS to POLSTATUS Space (Policy Number) to 56161 or 9250001848.
- 1 How can I check my SBI general policy status?
- 2 How can I revive my lapsed policy in SBI?
- 3 Who is the owner of SBI Life insurance?
- 4 What is eIA number?
- 5 What is proposal number in insurance?
- 6 What is a 5 year term life insurance policy?
- 7 Is SBI Life insurance Safe?
- 8 What is policy Hit date in SBI Life?
- 9 Do you get money back if you cancel life insurance?
- 10 Can I cancel my life insurance policy at any time?
- 11 How the surrender value is calculated?
How can I check my SBI general policy status?
Step 1: The first step to check the status of the SBI Health Insurance policy is to visit the official website of the company and logging in there with ‘user id’ and ‘password’ Step 2: The first step to check the status of the SBI Health Insurance policy is to visit the claim page.
How can I revive my lapsed policy in SBI?
You can revive your policy by paying the outstanding premium with interest and submitting a proof of continued good health to the nearest SBI Life Branch.
Who is the owner of SBI Life insurance?
Your request for cancellation of the policy under the free look option must reach your nearest SBI Life Office within a period of 15 days or 30 days, as the case may be, as mentioned above.
What is eIA number?
eIA stands for ” e-Insurance Account “. This e-Insurance account gives policyholders access to their life insurance portfolio in a few clicks. Benefits of an eIA: No more physical policy documents. View and manage all your life insurance policies under a single account.
What is proposal number in insurance?
Definition: Proposal form is the most important and basic document required for life insurance contract between the insured and insurance company. A proposal form seeks basic information of the proposer and the life assured. This includes the name, age, address, education and employment details of the proposer.
What is a 5 year term life insurance policy?
5 year term life insurance is the most cost-effective life insurance plan that one can consider for short-term investment basis. The policy comes with a death benefit, which is ideal for covering immediate financial liabilities.
Is SBI Life insurance Safe?
Founded in 2001, SBI Life is one of the most trusted life insurance companies in India. It is a joint venture between the leading global insurance company BNP Paribas Cardif and India’s largest bank (State Bank of India).
What is policy Hit date in SBI Life?
I. Preferred account hit date is for the purpose of premium payment only. Preferred Account hit date, if opted, will not alter the premium payment due dates of the policy. All policy benefits would be applicable as per the premium due date mentioned in the policy document.
Do you get money back if you cancel life insurance?
If you cancel or outlive your term life insurance policy, you don’t get money back. However, if you have a “return of premium” rider and you outlive the policy, premiums will be refunded.
Can I cancel my life insurance policy at any time?
There is one exception: When you take out a life policy there is a cooling period of one month (31 days) from the commencement date, in which time you can cancel the policy and get a refund of the premium you have paid.
How the surrender value is calculated?
The paid-up value is calculated as original sum assured multiplied by the quotient of the number of paid premiums and number of payable premiums. On discontinuing a policy, you get special surrender value, which is calculated as the sum of paid-up value and total bonus multiplied by surrender value factor.