How many types of insurance are there in SBI?

State Bank of India (SBI) is a leading public sector bank in India that offers a range of insurance products to its customers. Some of the insurance products offered by SBI include:

Life insurance

SBI Life Insurance is a leading life insurance company in India that offers a range of term, whole-life, and unit-linked insurance plans to cater to the needs of its customers. Some of the key features of SBI Life Insurance plans are:

1. Flexibility: SBI Life Insurance plans offer flexible policy terms and premium payment options to suit the needs of the policyholder.
2. Comprehensive coverage: SBI Life Insurance plans offer coverage for accidental death, natural death, and accidental disability, making them suitable for a wide range of life insurance needs.
3. Tax benefits: SBI Life Insurance plans offer tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.
4. Add-on covers: SBI Life Insurance plans offer add-on covers such as critical illness cover, personal accident cover, and more, to provide enhanced protection to the policyholder.

If you are an SBI customer and want to purchase a life insurance policy, you can visit an SBI branch or log on to the SBI website to know more about the available insurance options and how to purchase them. You can also consult a financial advisor to understand which life insurance plan is most suitable for your needs and budget.

Health insurance

SBI Health Insurance is a leading health insurance company in India that offers individual and family floater health insurance plans to cater to the healthcare needs of its customers. Some of the key features of SBI Health Insurance plans are:

1. Wide coverage: SBI Health Insurance plans offer coverage for hospitalization expenses, pre and post-hospitalization expenses, and more.
2. No-claim bonus: SBI Health Insurance plans offer a no-claim bonus, which increases the sum insured by a certain percentage every year if the policyholder does not make any claims during the policy term.
3. Tax benefits: SBI Health Insurance plans offer tax benefits under Section 80D of the Income Tax Act, 1961.
4. Network hospitals: SBI Health Insurance has a wide network of hospitals across the country where policyholders can avail of cashless treatment.

If you are an SBI customer and want to purchase a health insurance policy, you can visit an SBI branch or log on to the SBI website to know more about the available insurance options and how to purchase them. You can also consult a financial advisor to understand which health insurance plan is most suitable for your needs and budget.

Travel Insurance

SBI Travel Insurance is a type of insurance that provides coverage for medical emergencies, trip cancellations, loss of baggage, and other unforeseen events during domestic and international travel. Some of the key features of SBI Travel Insurance plans are:

1. Wide coverage: SBI Travel Insurance plans offer coverage for a wide range of travel-related contingencies, including medical emergencies, trip cancellations, loss of baggage, personal accident, and more.
2. Worldwide coverage: SBI Travel Insurance plans offer worldwide coverage, including coverage for medical emergencies and other unforeseen events during international travel.
3. Tax benefits: SBI Travel Insurance plans offer tax benefits under Section 80D of the Income Tax Act, 1961.
4. Customizable coverage: SBI Travel Insurance plans offer flexible coverage options, allowing policyholders to customize their coverage according to their specific travel needs.

If you are an SBI customer and want to purchase a travel insurance policy, you can visit an SBI branch or log on to the SBI website to know more about the available insurance options and how to purchase them. You can also consult a financial advisor to understand which travel insurance plan is most suitable for your needs and budget.

Car insurance

SBI Car Insurance is a type of insurance that provides coverage for damages to the policyholder’s vehicle and third-party liability. Some of the key features of SBI Car Insurance plans are:

1. Coverage for damages to the policyholder’s vehicle: SBI Car Insurance plans cover damages to the policyholder’s vehicle due to accidents, natural disasters, and other unforeseen events.
2. Coverage for third-party liability: SBI Car Insurance plans cover the policyholder’s liability for damages caused to a third party’s property or injury to a third party due to a car accident.
3. Add-on covers: SBI Car Insurance plans offer add-on covers such as personal accident cover, zero depreciation cover, and more, to provide enhanced protection to the policyholder.
4. Cashless facility: SBI Car Insurance plans offer a cashless facility, allowing policyholders to get their car repaired at one of the network garages without having to pay upfront.

If you are an SBI customer and want to purchase a car insurance policy, you can visit an SBI branch or log on to the SBI website to know more about the available insurance options and how to purchase them. You can also consult a financial advisor to understand which car insurance plan is most suitable for your needs and budget.

Home Insurance

SBI Home Insurance is a type of insurance that provides coverage for damages to the policyholder’s home and its contents due to natural disasters, theft, and other unforeseen events. Some of the key features of SBI Home Insurance plans are:

1. Coverage for damages to the policyholder’s home: SBI Home Insurance plans cover damages to the policyholder’s home due to natural disasters such as earthquakes, floods, and more.
2. Coverage for damages to the policyholder’s contents: SBI Home Insurance plans cover damages to the policyholder’s contents such as furniture, appliances, and more, due to natural disasters and other unforeseen events.
3. Coverage for third-party liability: SBI Home Insurance plans cover the policyholder’s liability for damages caused to a third party’s property due to a covered event.
4. Add-on covers: SBI Home Insurance plans offer add-on covers such as personal accident cover and loss of rent cover to provide enhanced protection to the policyholder.

If you are an SBI customer and want to purchase a home insurance policy, you can visit an SBI branch or log on to the SBI website to know more about the available insurance options and how to purchase them. You can also consult a financial advisor to understand which home insurance plan is most suitable for your needs and budget.

Saral Suraksha Bima

Saral Suraksha Bima is a term insurance plan offered by the State Bank of India (SBI). It is a simple and affordable insurance policy that provides coverage for the policyholder’s family in case of their untimely death.

Some of the key features of the Saral Suraksha Bima policy are:

1. Flexible coverage: The policy offers coverage for a wide range of sum assured, starting from Rs. 5 lacks, allowing policyholders to choose the coverage that best suits their needs and budget.
2. Tax benefits: The policy offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.
3. Policy term options: The policy offers policy term options of 10, 15, 20, 25, and 30 years, allowing policyholders to choose the coverage that best meets their needs.
4. Premium payment options: The policy offers flexible premium payment options, including annual, semi-annual, quarterly, and monthly modes.

If you are interested in purchasing the Saral Suraksha Bima policy, you can visit an SBI branch or log on to the SBI website to know more about the policy and how to purchase it. You can also consult a financial advisor to understand which insurance plan is most suitable for your needs and budget.