SBI Life Insurance

With Pazcare the employers can provide their employees with a group term life insurance policy from SBI Life Insurance Company. Get the best quotes for the SBI Life group term life insurance policy for employees and manage the policy using Pazcare’s tech-enabled dashboard. 

How to buy SBI Life group term insurance from Pazcare?

These simple steps allow you to purchase the SBI group term life insurance policy for employees online from Pazcare.

Visit Pazcare, and choose group term insurance. If you are new to buying a group term policy, we recommend you review our offerings before purchasing the SBI Life group term life insurance policy.

2. Consult with our insurance experts

After submitting the form, our insurance experts will call you within 24 hours. Share your requirements to personalize your SBI Life group term insurance policy offering with Pazcare.

3. Product demo & sharing active employee data

We provide you with a product demo of how to administer the SBI Life group term life insurance plan using the Pazcare dashboard. Once approved, share with us your active employee data to proceed with the process of buying the SBI Life group term life insurance for employees.

4. Getting quotes & onboarding

We get you competitive quotes from SBI Life Life Insurer and other 4+ life insurers. Choose the best offering, say SBI Life group term insurance policy and the onboarding process begins in 24 hours. You are covered with the best employee benefits from Pazcare.

SBI group term life insurance plan from Pazcare

SBI group term insurance for employees has premiums that are much lower than those of other retail term insurance plans. The plan comes with optional rider benefits like

• Critical illness rider
• Accidental death rider
• Total disability rider
• Permanent disability rider

These are some of the rider options available from Pazcare for SBI Life group term insurance policy for employees. The riders can be claimed according to the terms and conditions of the policy.

SBI Life group term insurance renewal with Pazcare

The SBI group term insurance can be renewed easily with Pazcare at end of the policy term. Here is how you can renew your group term life insurance policy.

1. Visit Pazcare

Visit Pazcare, and choose group term insurance. If you are new to renewing your SBI Life group term insurance policy, we recommend you review our offerings before purchasing the SBI Life group term life policy.

2. Cnsult with our insurance experts

After submitting the form, our insurance experts will call you within 24 hours regarding the SBI Life group term insurance policy renewal. Please submit active employee data, policy copy, claim dump report & claim analysis report to proceed.

3. Product demo & personalisation

We provide you with the product demo if you are new to buying/renewing the SBI Life group term insurance plan with Pazcare. The above-submitted documents allow us to personalise your SBI Life group term policy according to the previous offerings.

4. Getting quotes & onboarding

We get you competitive quotes from SBI Life Life Insurance and other 4+ insurers. Choose the best SBI Life group term life insurance policy renewal offering and the onboarding process begins in 24 hours. You are covered with the best employee benefits from Pazcare.

SBI Life Insurance Company claim settlement ratio

The claim settlement ratio is the percentage of the claims settled by SBI Life insurance company during a particular financial year. Hence, the higher the claim settlement ratio, the higher the chances of the claims getting settled. 

In the financial year, 2020-21, the claim settlement ratio of SBI Life insurance company is 93.09%.

SBI group term insurance premium

The SBI Life group term insurance premium depends on various factors like

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