SBI Life Child Plans – FAQ-sbi-life-child-insurance-plans

1. How to pay premium for a SBI child plan? What are the modes of payment available? There are 10 modes to pay your SBI Life Insurance premium namely: Direct Remittance At SBI Life Branch By Post Or Courier Electronic Clearing Service (ECS) – Mandate Direct Debit Standing Instruction On Your Credit Card Online Payments Through State Bank Group ATMs Payment Through Visa Bill Pay.Com Online Payment Of Premium Through SBI Life Website Si-Eft For State Bank And Associate Banks Account Holders Payment Through Point Of Sales (Pos) Terminals At Select SBI Life Branches Payment Through Easy Access Mobile Application Pay Premium In Cash At Authorized Collection Centres NACH (National Automated Clearing House) NACH is a newly launched service that works on the same principle as that of ECS, which requires filling in a form and getting registered before availing this facility. 2. How can I check policy status for SBI Life child plans? For checking your policy status online, login to e-portal. You need to enter customer ID, date of Birth and policy number. The details of the SBI child plan along with the status is displayed on the next screen. 3. What is the policy renewal process for SBI Life child plans? Renewal of SBI child plan can be done by the following modes: Online Through SMS Through SBI Brach By Cash For renewal process, after login into your account, click on the `Renew Policy tab to proceed with premium payment for the SBI child plan. Alternatively, you can renew the SBI child plan by using the kiosk in the SBI ATM and select the option for renewal process 4. What is the companys process to settle claim for SBI Life child plans? The procedure for settling claim through SBI life Insurance requires intimating the nearest branch by submitting the list of documents as specified in the website for the SBI child plan. After the documents are verified, the claim is settled as soon as possible. In case one requires additional help or further clarifications, one can write to claims@sbilife[dot]co[dot]in 5. What is the policy cancellation process for SBI Life child plans? The policy cancellation process for a SBI child plan requires you to submit a duly filled surrender form along with relevant documents in the nearest SBI branch in your city. Upon receiving and verifying the documents, the SBI child plan is deemed cancelled as per bank accounts record. The premium refund is calculated on NAV value prevailing at the current market rate, if you submit the policy before 3:00 PM, else next days NAV value is applicable. BNP Paribas Cardif Proposes to Increase Stakes in SBI Life Insurance to 36% IRDAI Directs SBI Life Insurance Company Ltd. to Refund Commission Excess of Rs.275 Crores to Policyholders The Biggest Refund Order of Rs. 275 Crore Issued by IRDA to Sbi Life