Steps To Check SBI Life Insurance Policy Status Online Go to the official website of SBI and look for ‘Login’ option at the top right-hand corner. Tap on it and click on ‘Customer’. Register yourself on the portal by entering policy details like birth date, customer ID and policy number.
- 1 How can I check my SBI Life policy status?
- 2 How can I download SBI Life receipt?
- 3 How can I check my SBI account details?
- 4 How do I find the NAV value of my policy?
- 5 Can I cancel my SBI life insurance policy?
- 6 What is renewal premium receipt?
- 7 How can I revive my SBI policy?
- 8 Who is the owner of SBI Life insurance?
- 9 Who is the CEO of SBI 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 Life policy status?
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.
How can I download SBI Life receipt?
The SBI Life Insurance Premium Receipt Download process Log on to the portal of SBI Life Insurance, either on your desktop or any mobile device. You can access the insurer’s app or website for this purpose. Enter your policy number as well as your date of birth. Go over the digital copy and check for errors.
How can I check my SBI account details?
Call 1800-11-2211 or 1800-425-3800 and follow the instructions to know your bank account balance. Remember, you must call from your registered mobile number to use this facility. To check your SBI savings account balance you can visit the nearest SBI ATM.
How do I find the NAV value of my policy?
Net Asset Value (NAV) is the market value of each unit of a Unit Linked Insurance Plan (ULIP) fund. In simple words, if you add the market value of all the investments in the fund and divide it by the number of units in that fund, the resulting figure will be NAV.
Can I cancel my SBI life insurance policy?
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 renewal premium receipt?
A ‘Renewal Premium Receipt’ shows the amount of premium that you have paid for your policy. It can be submitted as an investment proof to the taxation authority for receiving tax benefits.
How can I revive my SBI policy?
Visit insurer branch The policy holder should visit the insurance company’s branch and get a revival quote. The revival quote will be typically a sum of all premiums due on the policy. This amount needs to be paid to the insurance company to revive the policy.
Who is the owner of SBI Life insurance?
State Bank of India (SBI) is offering instant life cover of up to Rs 40lakh to its customers. SBI Life – Sampoorn Suraksha is a Group, non-linked, non-participating, pure risk premium life insurance product. It is available for different formal and informal groups.
Who is the CEO of SBI 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.