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Yes, Life Term insurance is in which the insured customer and the insurance company enter into an agreement, in which the insurance company promises to cover the life of the insured in return for a nominal amount known as “Premium” and for a period of time known as the Life. In most life insurance policies, claims are paid to the nominee in case of death of the policyholder whereas few life insurance policies provide maturity benefit to the insured customers in case of survival till the end of the policy period.
Know the calculated Term Insurance Premium from our PolicyBachat, compare quotes with different companies and get low premiums.
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:
Term insurance provides you tax benefits under Section 80 C of the Income Tax Act 1961
Lapsed life insurance policy can be replaced at any time within 5 years from the date of the first unpaid premium.
We at policybachat, sell the best life insurance to our customers which have a dedicated team of agents to assist the customer with their insurance.
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