If the policyholder wants to surrender his/her life insurance policy or make a partial withdrawal from the policy fund, the following procedures need to be followed:
Surrender Policy: Reason(s) for policy surrender and the surrender form needs to be submitted at the nearest SBI Life Insurance branch, along with the following documents:
Partial Withdrawal: Reason(s) for the partial withdrawal and the pay-out form needs to be submitted at the nearest SBI Life Insurance branch, along with the following documents:
The following options can be used to connect with SBI Life Insurance:
Call: 1800 267 9090 / 022-6645 6241
Corporate Office Number: 022-6191 0000
Email ID: info@sbilife.co.in / mysupport@sbilife.co.in
Mailing Address:
Head Client Relationship
SBI Life Insurance Co. Ltd.
Central Processing Centre
Kapas Bhawan, Sector 10,
CBD Belapur, Navi Mumbai 400614.
OR
SBI Life Insurance Co. Ltd.
M.V. Road & Western Express Highway Junction,
Andheri (East),
Mumbai - 400 069
Contact at the nearest SBI Life Insurance branch or regional customer service desk.
Suggestive Reading: How do I surrender my SBI Life Insurance policy?