How To Surrender Sbi Life Insurance Policy? 
To the best of my knowledge , SBLI or Savings Bank Life Insurance Co. only markets term life insurance . I may be wrong , but if you purchased a life insurance policy through SBLI , it is likely term life insurance and there is no surrender procedure . Term life insurance is merely cancelled or allowed to lapse . There is no cash value in term life insurance and there for nothing to surrender . Only cash value plans such as whole life insurance or universal life insurance need to be surrendered . Just call and cancel it . SBLI phone number is 888-438-7254 . 