How to buy SBI Life Insurance Plan online
Life insurance has become an integral part of our life and security system. Ever since privatization opened gates for MNCs and corporations in India, almost every big bank has tried to capture the giant Indian market. Being amongst the biggest government banks in the country, State Bank of India surely leads the customer base, and like most of their products, Life Insurance plans are one good thing they offer.
If you are looking forward to having a life insurance for yourself or your family, here is how to buy SBI life insurance plan online.
Step by Step process on how to Buy SBI life insurance plan online.
Visit the official site and follow the below mentioned processes.
- Keep your documents ready
In order to register yourself and buy SBI life insurance plan, you would need to keep your PAN Card, Proof of Age, Address Proof and Income Proof ready to fill up ‘Know Your Customers’ KYC details. You would be asked about other details related to your health and may require a health certificate as well.
- Select a Plan
You would have already researched about the plan that you want to go for. Analyze the financial aspects objectively and look for long term feasibility. Not every plan would suit every one’s need. You need to select the one that is custom made for you.
- Fill in personal details
If you already have got a proposal or quotation from the bank, this page would ask you to fill the proposal or quotation number along with your Name and Date of Birth. Fill in these details and move to the next step.
- Make payments
Once you fill in your details, it would be time to make payments. You can make payments through any of the modes listed. The payment confirmation would correspondingly come to your email address or a confirmation message would appear on your registered phone.
- Submit Medical and KYC documents
Your proposal may get approved or rejected based on your health conditions in the medical report. Your proposal may also get postponed depending on the severity of your medical records. To submit your KYC and medical report, all you have to do is scan and upload it or simply send it to the email ID mentioned on the website.
Once the payment and all other details are received by the bank, the policy would be issued after fulfilling all the underwriting and internal requirements. The chances of acceptance or rejection of the policy cover are purely taken on the details and documents that you submit.