Status Check, Procedures, Facilities

Organisation : SBI Life Insurance Company Ltd
Facility : Swarna Ganga – Track Your Account
Track Here : http://www.sbilife.co.in/sbilife/content/11_2904

How To Track SBI Life Account?

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** Enter Provident Fund Index Number *

Related : SBI Life Premium Payment Procedure : www.statusin.in/5538.html

** Enter Date of Birth *
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FAQ On SBI Life

1. How do I change my allocation percentage/ Switch between funds?
In order to change the allocation percentage/ switch between the funds, the policy servicing form needs to be filled and submitted at the nearest SBI Life branch or faxed to us on 022-66456105.

2. How do I change my address?
To change the address, send us a written request at our Central Processing Centre or to the nearest SBI Life branch. Alternatively you can also fax it to us on 022-66456105.

3. Can I change my nominee? If yes, how?
Yes. You can change your nominee by submitting the Change in nomination form to us at the Central Processing Centre or to the nearest SBI Life branch.

4. Where should I pay my premium?
In the case of most insurance companies, you can pay the premium in any branch office of the insurance company. Usually, you would receive a notice from the insurance company reminding you that your premium payment is due. However, if you don’t receive the reminder, you cannot blame the insurance company; the loss is your

Revival of Lapsed Policies

** A life insurance policy is a long term contract between the life insurance company and the policyholder.
** The payment of premium towards a regular premium policy is spread over the premium paying term of the policy.
** A policyholder has to pay the premium on or before the due date.
** However, the insurance company provides for certain grace period for payment of premium.
** SBI Life allows 30 days grace period for modes of Quarterly, Half Yearly & Yearly and 15 days grace for Monthly modes.
** If the premium is still not paid within grace period, the policy lapses.
** If the premium is not paid within grace period, the policy lapses with effect from the First Unpaid Premium (FUP).
** A lapsed policy may be revived during the lifetime of the Life Assured within end of revival period from the date of FUP and before the due date of last premium on submission of evidence of health satisfactory to the company and on payment of all arrears of premium with interest.
** The revival can be initiated on the written request received from the customer.
** The company however reserves the right to accept or reject the revival or revive the policy on modified terms.
** SBI Life follows a process of revival which depends upon the period elapsed since the date of First Unpaid Premium (FUP) and also based on the health conditions of the Life Assured at the time of revival.

1) Within six months from the due date of First Unpaid Premium (FUP):
If the revival is sought within six months from the date of First Unpaid Premium (FUP), no evidence of good health is called for. The policy is revived automatically subject to receipt of arrears of premium along with interest.

2) After six months from the due date of First Unpaid Premium (FUP):
A lapsed policy may be revived during the life time of the life assured within the revival period from the date of FUP on submission of evidence of health satisfactory to the company and on the payment of arrears of premium along with interest. The company however reserves the right to accept the revival on original terms or on modified terms or even reject the request for revival of a lapsed policy based on internal underwriting guidelines.

Insurance Plans Offered By SBI Life

SBI Life Insurance offers a wide range of life insurance plans, including:
** Term plans: Term plans provide death benefit only. The premium is lower than other types of plans, but there is no savings component.
** Endowment plans: Endowment plans provide death benefit and maturity benefit. The premium is higher than term plans, but there is a savings component.
** Whole life plans: Whole life plans provide death benefit and maturity benefit throughout the policyholder’s lifetime. The premium is higher than term or endowment plans, but there is a guaranteed death benefit and maturity benefit.
** Unit linked insurance plans (ULIPs): ULIPs are a type of investment-linked insurance plan. The policyholder can choose to invest the premium in a variety of funds, which can be changed at any time. The death benefit and maturity benefit are based on the value of the funds at the time of death or maturity.