Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Service typeNRI life-insurance distribution gateway
Source 1InsurerSBI Life Insurance Company Limited; separate legal entity from State Bank of India; IRDAI registration 111
Source 2NRI solution familiesTerm insurance, savings plans, child plans and retirement solutions
Source 3Published applicant typesNRI with valid Indian passport, plus eligible PIO or OCI applicants including stated persons of Indian origin or spouses of Indian citizens
Source 4Policy currency and servicingIssued and serviced in India in Indian rupees only
Source 5Enrollment locationDuring a visit to India or, under specific conditions, from the applicant's country of residence; overseas signing may require an authorised witness
Source 6Optional riders describedAccidental death, accidental total and permanent disability, term and premium-waiver riders; availability varies by country and insurer discretion
Source 7Premium payment channelsInternet banking, debit or credit card, UPI and partner-bank portals
Source 8Claim-intimation channelsOnline, email, post or SBI Life branch
Source 9Tax and statutory chargesTax treatment depends on plan, policy conditions, residency and current law; TDS, GST, cess or other statutory levies may apply
Source 10Benefits and features
- One NRI service gateway for protection, savings, child and retirement solutions
- Online premium management and multiple claim-intimation channels
- India-visit and qualifying overseas enrollment routes
Eligibility
- SBI Life, not the bank, underwrites the insurance and decides proposal acceptance after verification and underwriting.
- Plan availability, riders and enrollment conditions can vary by country.
- Premiums, benefits, surrender terms, exclusions, charges and tax outcomes must be checked in the exact current policy documents.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Completed proposal form and recent photograph
- Proof of age and income, active Indian NRE/
NRO bank account, passport copy and PAN or Form 60 - NRI Questionnaire, permanent Indian address proof, FATCA form and valid email address
- Medical reports if required by underwriting
- For claims as applicable: claim form, original policy, foreign-residency proof, tax-residency declaration and Form 10F, death certificate or maturity discharge, claimant identity/
address and bank details, plus any required medical, employer or police reports