SBI Life Insurance is a joint venture life insurance company between State Bank of India (SBI) and BNP Paribas Cardiff. It was established in March 2001

SBI owns 74% of the total capital and BNP Paribas Cardiff the remaining 26% of the capital.

Handbook of IRDA on Life Insurance

This handbook is designed by the Insurance Regulatory and Development Authority (IRDA) as a guide on Life Insurance and gives general information only.

Who needs Life Insurance:

Primarily, anyone who has a family to support and is an income earner needs Life Insurance.

In view of the economic value of their contribution to the
family, housewives too need life insurance cover.

Even children can be considered for life insurance in view of their future income potential being at risk.

How much Life Insurance is needed:

The amount of Life Insurance coverage you need will depend on many factors such as:

How many dependants you have

Whether you have any debts or mortgages

What kind of lifestyle you want to provide for your
Family

How much you need for your children’s education

What your investment needs are

What your affordability is

You should seek the help of an insurance agent or

broker to understand your insurance needs and
suggest the right type of cover.





For complete hand book here is the attachment

Attached Files

SBI Handbook of IRDA on Life Insurance.pdf (806.6 KB, 65 views)