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Yes, it is good to buy an SBI Life Insurance policy online. Buying life insurance policies online can be a great option for those who are looking for convenience and ease. There are many benefits of buying a life insurance policy online and these include:
The SBI Life Insurance Policy is an excellent product that can help you create a secure future for your family. If you have decided that this insurance policy is not for you, then there are a few things to keep in mind before cancelling the policy.
There are two ways to cancel the policy either by submitting a request online or by visiting the nearest branch of SBI Life Insurance Company. SBI has made it very easy to cancel SBI life insurance policy online. You can do this by logging on to the website and then going to the 'Cancel Policy' section. Or you have to contact the SBI life insurance company and convey your wish to cancel the policy. Make sure that you have given a free look period of 10 to 30 days for cancellation of your policy.
Paying your SBI Life Insurance premium online is a simple and secure process. All you need to do is follow the step by step process of paying SBI life insurance premiums online:
SBI Life insurance is a contract between the insured customer and the insurance company in which the life insurance company assures to cover the life of the insured customer or promises to take care of the investment and returns in addition to the life coverage, in return for a periodical amount known as “Premium”. Life insurance is an agreement that is legally enforceable in a court of law. The parties to the life insurance contract should declare the basic facts which could affect the life insurance policy contract.
SBI general insurance plan can be canceled by the policyholder at any point of time after the policy start date by writing to the insurance company and filling the cancellation form. If the policy is to be canceled within the free look period, it can be done without any premium deduction by the insurance company. If the policy is to be canceled after the free look period, a pro-rata premium would be charged by the insurance company from the customer.
SBI General Insurance is a combined project between a general insurance company and State Bank of India (SBI), the largest state-owned banking and financial services company in India. The company gives a wide range of insurance products and services, in the retail and commercial space.
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