Services | SBI LIFE INSURANCE
We are the community choice for total financial experience
Services
Life Insurance
Life insurance is a contract between an insurer and a policyholder in which the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured. The insurance company promises a death benefit in consideration of the payment of premium by the insured.
The purpose of life insurance is to provide financial protection to surviving dependants after the death of an insured. It is essential for applicants to analyse their financial situation and determine the standard of living needed for their surviving dependants before purchasing a life insurance policy.