SBI Life Insurance Online Payment

Paying your SBI Life Insurance premium online is quick and secure. You can make payments using the SBI Life Premium Payment page by entering your Policy Number and Date of Birth to generate an OTP and complete your transaction.

53 Partners Insurance Partners

13.2 Crore Registered Consumer

6.29 Crore Policies Sold

We are rated ++ rating

₹1 Crore Life cover starting from ⁺

Lowest Price Guarantee ^˜

Male

Female

Name

Date of Birth (DD/MM/YYYY)

Mobile Number

Check Your Premium Now

Get Updates on WhatsApp

SBI Life offers several online payment options, including net banking, debit/credit cards, UPI, and mobile wallets. It's safe, simple, and saves you time. Let us understand all the SBI Life Insurance online and offline payment methods available to pay your SBI Life premiums.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

How to Make SBI Life Premium Payment Online?

SBI Life Insurance offers multiple quick and secure ways to pay premiums without visiting a branch. Whether using a smartphone, laptop, or the SBI Life mobile app, making premium payments online is now simple and convenient. You can make SBI online payments through various platforms like credit/debit cards, UPI, Bill Pay, digital wallets, and Net Banking. You can also download premium payment receipts instantly after successful transactions.

SBI Life "Quick Pay" (No Login Required)

Step 1: Go to the SBI Life Premium Payment page.

Step 2: Enter your Policy Number and Date of Birth in the designated fields.

Step 3: Click Generate OTP and enter the One-Time Password sent to your registered mobile number.

Step 4: Verify your life insurance policy details and choose your preferred payment method (Net Banking, Debit Card, Credit Card, or UPI) to complete the transaction.
Pay SBI Life Premium via Policybazaar

Policyholders can easily pay their SBI Life or term insurance premiums through Policybazaar. Here's how:

Step 1: Log in to your Policybazaar account via the website or mobile app

Step 2: Select the SBI Life policy you want to pay for

Step 3: Choose a payment mode: credit card, debit card, UPI, or net banking

Step 4: Make the payment and download the receipt instantly
Pay SBI Life Premium via the SBI Life Smart Care Mobile App

You can use the official SBI Life Easy Access App to pay your premiums from your phone:

Step 1: Download the "SBI Life Easy Access" app from the Play Store or App Store

Step 2: Register with your policy details and mobile number

Step 3: Click on 'Premium Payment'

Step 4: Choose your preferred payment method (UPI, Wallet, Net Banking, etc.)

Step 5: Complete the payment and get your e-receipt
Pay SBI Life Premium via SBI YONO App

The SBI YONO App also allows you to link and pay for your SBI Life Insurance policies:

Step 1: Open the SBI mobile app - YONO and log in

Step 2: Go to the "Bill Payments" section

Step 3: Select "Insurance" and add SBI Life as a biller

Step 4: Enter your policy number and verify your details

Step 5: Choose your payment method and complete the transaction

Step 6: You can set auto-pay options to avoid missing future due dates
Pay SBI Life Premium via SBI Credit Card Payment (VISA Bill Pay)

If you want to SBI card payment, you can register with Visa Bill Pay:

Step 1: Go to visabillpay.com and register

Step 2: Add SBI Life Insurance as a biller

Step 3: Enter your policy number and personal details

Step 4: Make the payment using your VISA credit card
Set Up Auto-Debit via MasterCard or VISA (BillDesk)

You can also automate your SBI Life payments through BillDesk:

Step 1: Select BillDesk as the payment gateway on the SBI Life site

Step 2: Choose Credit Card as the payment option

Step 3: Opt for One-Time Payment + Standing Instruction

Step 4: Once activated, your card will be billed automatically on due dates
Pay SBI Life Insurance Payment on the Official Website

Make direct payments via the SBI Life website:

Step 1: Visit www.sbilife.co.in

Step 2: Log in using your customer ID or policy number

Step 3: Choose the policy you want to pay for

Step 4: Click on "Pay Premium"

Step 5: Select your preferred mode (Net Banking, UPI, Wallets, etc.) and pay
Pay SBI Life Insurance Payment via Internet Banking

You can use your bank's net banking service to make payments:

Step 1: Log in to your bank's net banking portal

Step 2: Go to the "Billers" section and add SBI Life Insurance

Step 3: Enter your policy number and verify

Step 4: Pay the premium or set auto-debit instructions as per your payment cycle
Pay SBI Life Premium via Mobile Wallets (Paytm, JioMoney, etc.)

You can also use mobile wallets to make payments for your SBI term insurance

Step 1: Open Paytm, JioMoney, PhonePe, or any wallet app

Step 2: Go to the "Insurance" section and select "SBI Life Insurance"

Step 3: Enter your policy number and verify details

Step 4: Choose your payment method and complete the payment

Secure Your Family Future Today

₹1 CRORE

Term Plan Starting @

Get an online discount of upto 15%^#

Compare 40+ plans from 15 Insurers

⁺Standard T&C Applied

How To Pay SBI Life Insurance Premium Offline?

SBI Life Insurance offers premium payment options offline by visiting an SBI Life Branch Office or an authorised collection centre to pay by cash, cheque, or demand draft. You can also use State Bank ATMs or mail a cheque/DD directly.

Making direct payments at SBI Life branches, using postal or courier services,
Paying in cash at authorized premium collection centers,
Setting up automatic debits through NACH,
Opting for direct debits
Utilizing State Bank ATMs, or making SBI life insurance payments at POS terminals available at SBI Life branches.

Why Use SBI Life Insurance Online Payment?

Using SBI Life Insurance Online Payment allows you to pay instantly from anywhere, saving time by avoiding branch visits and physical queues. It ensures your policy remains active, preventing accidental lapses, and provides secure, immediate digital receipts. Here is a list of the benefits of using the SBI online payment:

Quick Service
The SBI Life Insurance online payment process is user-friendly, convenient, and fast. It only takes a few steps to process payments; you don't need to stand in line to make one.
Easy to Use
You can make your SBI Life online payment anytime, 24/7, by accessing your account at your convenience. The company's easy-to-use customer portal makes the premium paying procedure easier and more convenient.
Cost-effective
SBI Life Insurance online payments are free for registered customers. Customers can use the website portal or the SBI mobile app. No hidden or penalty amounts are charged to avail of the SBI life online payment service.
24*7 Assistance
The SBI customer service agent will readily assist you through the chat box system. You can even call the SBI's toll-free number for on-call assistance 24X7.

What Information is Required to Make SBI Life Online Payments?

Here is a list of all the information required while making your SBI life premium payment:

You will need your user credentials and login password to access your SBI Life Insurance account.
You should make sure the credit and debit card details you provide are accurate.
You can download your SBI life insurance online payment certificate and SBI life insurance payment receipt by logging into the company’s customer care portal ‘Smart Care’.
SBI Life offers an extended period to make SBI Life Insurance premium payments if the premium due date is over, called a grace period, so that you can pay your premiums even after the due date without getting the policy lapsed.

*The insurer provides all savings as per the IRDAI approved insurance plan. Standard T&C Apply

How to Contact SBI Life Insurance Customer Care?

Below is the SBI Life Insurance Customer Care Number:

Categories	Contact Details
Corporate Office	Natraj M.V. Road & Western Express Highway Junction, Andheri (East), Mumbai - 400 069
Contact Number (Corporate Office)	022-6191 0000
Whatsapp contact	90290 06575
Toll-free Number	1800 267 9090 (24*7)
Email Address	info@sbilife.co.in
SMS	LIBERATE on 56161
Email	info@sbilife[dot]co[dot]in

**You can also locate the nearest SBI branch by clicking on the SBI Branch Locator and selecting the state and city to select the SBILife Insurance near me

Wrapping It Up!

You can make SBI Life Insurance Online Payment through various modes from the comfort of your home. There's no need to stand in long queues to make SBI life insurance payments. Always ensure that you provide the correct details before paying premiums online. Also, check all the charges in your bill before making the SBI life insurance payment in order to avoid confusion.

People also search for

What is Term Life Insurance

FAQs

Q: What should I do if my SBI Life insurance Online payment fails?

Ans: If your SBI Life insurance online payment fails, the amount is refunded to your source account within 5–7 working days. You should first check your bank statement to confirm whether the amount was debited. If it was debited but the policy status still shows as unpaid, contact SBI Life customer care at 1800-267-9090 (toll-free) with your transaction reference number and policy number.
Q: How can I set up auto-debit or ECS for SBI Life premium payment?

Ans: You can set up auto-debit (ECS/NACH mandate) for SBI Life online premium payment so that premiums are automatically deducted from your bank account on the due date. To activate this, submit a NACH mandate form, available at any SBI Life branch or downloadable from the official SBI Life website, along with a cancelled cheque of your linked bank account. Once processed (typically within 30 days), your premiums will be auto-debited without manual intervention, eliminating the risk of missed payments.
How can I pay my SBI Life premium?

Ans: You can make your SBI life insurance premium payment online or offline as per your preferences. Options include making payments through Policybazaar, the official website, or the app via credit/debit cards, automated bill desk, or mobile wallets.
Q: Can I pay SBI Life insurance premiums through UPI or net banking?

Ans: Yes, SBI Life insurance premium payment can be made through UPI apps (such as GPay, PhonePe, Paytm, and BHIM) and net banking. Log in to the SBI Life Smart Care portal or the SBI Life mobile app, navigate to 'Pay Premium,' enter your policy number, and select UPI or net banking as your payment mode. You can also pay via third-party platforms like Policybazaar, Paytm, and BillDesk, which support UPI, IMPS, and all major bank net banking options.
Q: How can I revive a lapsed SBI Life insurance policy due to non-payment of premiums?

Ans: If your SBI Life insurance policy has lapsed due to non-payment of premium beyond the grace period, you can revive it within the revival period (typically 2–5 years from the date of lapse, depending on the plan). To revive a lapsed SBI Life policy, you need to pay all outstanding premiums along with applicable interest. Visit the nearest SBI Life branch or log in to the Smart Care portal and navigate to the 'Revival' section.
Q: How do I pay the SBI Life premium if I forget my Smart Care portal login credentials?

Ans: If you have forgotten your SBI Life Smart Care portal login credentials, you can reset your password by clicking the 'Forgot Password' option on the login page and verifying your identity via your registered mobile number or email OTP. Alternatively, you can make a guest premium payment on the SBI Life website without logging in, simply select the 'Pay Without Login' option, enter your policy number and date of birth, and complete payment.
Q: Can I pay SBI Life insurance premiums on behalf of someone else (third-party payment)?

Ans: Yes, you can pay SBI Life insurance premiums on behalf of a family member or another policyholder (third-party payment). During the online payment process on the SBI Life Smart Care portal or through platforms like Policybazaar, you enter the policyholder's policy number and date of birth, not your own credentials. The payment receipt and acknowledgement will reflect the policyholder's name and policy details.
Q: What documents are required for an SBI Life premium payment at an offline branch?
Ans: To make an SBI Life insurance premium payment at an offline branch or SBI bank branch, you need:
- your SBI Life policy number,
- a government-issued photo ID for verification, and
- The premium amount in cash, cheque, or demand draft drawn in favour of "SBI Life Insurance Co. Ltd."

Different types of Plans

Term Insurance

View Plans

Life Insurance

View Plans

List of Term Insurance Companies

View Plans

TROP

View Plans

Term Insurance For Senior Citizen

View Plans

Term Insurance For Spouse

View Plans

Term Insurance For Family

View Plans

Term Insurance For NRI

View Plans

List of Term Insurance Plan

View Plans

Life Insurance Corporation of India

View Plans

What is Term Insurance?

View Plans

Term Insurance Calculator

View Plans

1 Crore Term Insurance

View Plans

2 Crore Term Insurance

View Plans

Author's Bio

Varun Agarwal IRDAI Certified Term Insurance Expert with 10+ Years of Experience

Varun has spent years in the insurance space, but what drives him isn't policies or premiums — it's the conversations he's had with real people. A young father in Pune wondering if his salary is enough. A newly married couple in Jaipur putting off "the insurance talk" for later. A mother in Chennai who never knew her husband was underinsured until it was too late.
These stories stay with him. As Head of Term Insurance at Policybazaar, Varun knows the numbers well — 52.4% of Indians are aware of term insurance, yet only 9.6% own it. And 87% of families don't realise they're leaving their loved ones with far less protection than they actually need. But behind every statistic, he sees a family that just needed someone to sit with them, explain it simply, and help them take that one step. That's exactly what Policybazaar's term insurance is built to do. In his words, "Most people aren't avoiding protection — they're just waiting for someone to make it easy. That's what we're here for."

Write to Varun

Explore the popular searches and stay informed

˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.