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SBI Life Insurance Online Payment

Days are gone when you need to wait in line to make your SBI Life premium payments. Now, with SBI life insurance, you no longer have to visit the insurer’s office or bank, and you can pay your premium amounts online with a couple of clicks. SBI Life Insurance premium payment of premiums allows its customers to make their premium payments at their convenience through via online and offline customer portals. Let’s discuss SBI Life premium payment modes: 

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How do you make an SBI Life Premium payment online?

SBI Life online payment provides users with quick and convenient customer service for all its account holders. Policyholders can pay their premiums online and download their SBI life insurance premium receipt. You can make SBI online payments through various platforms like credit/debit cards, UPI, Bill Pay, digital wallets, and Net Banking. Here are various methods to make SBI Life Insurance premium payments using the SBI life customer portal:

  1. SBI Life Premium Payment from Policybazaar

    You can easily make your SBI online payment via Policybazaar for your life or term insurance plans. Policybazaar allows you to pay your plan premiums through various modes like credit and debit cards, UPI apps, internet banking, and fund transfers. You can access your Policybazaar account by logging in through the company’s official website or mobile app and selecting the plan you want to pay the premiums for.

  2. SBI Life Premium Payment by Credit Card

    You can make your SBI online payment using your credit cards by following the below steps:

    Step 1: Register yourself on the visabillpay[dot]com

    Step 2: In the biller section, add SBI Life as your biller

    Step 3: Enter your SBI life policy details and verify

    Step 4: Make your SBI life insurance online payment through credit cards

  3. Automated Bill Payment with MasterCard and VISA

    Using MasterCard and VISA, you can pay your SBI online payment of premium without hassle:

    Step 1: Select Billdesk in the payment gateway

    Step 2: Select payment option as Credit Card

    Step 3: Choose the One Time Payment + Standing Instruction

    Step 4: Once the standing instructions are enabled, your next payment will be billed from your registered card

  4. SBI Life Insurance Premium Payment through Mobile App

    You can make SBI life online payment using the SBI life easy access application from your mobile by following the steps below:

    Step 1: Download the SBI Life Easy Access application on your smartphone

    Step 2: Register yourself and click on the ‘Premium Payment’ option

    Step 3: Submit your policy number and personal details

    Step 4: Select your preferred mode of payment, from among UPI, Wallets, Net Banking etc., and proceed to pay

  5. SBI Life Online Payment via SBI Life Website

    You can make your SBI Life Insurance premium payment using the company’s official

    Step 1: Go to the official website of SBI Life

    Step 2: Log in to your account

    Step 3: Choose the policy you plan on paying the premium of

    Step 4: Choose the option that says to pay premiums

    Step 5: Choose among the payment options available, like UPI, Net Banking, Wallet etc.

  6. SBI Life Online Payment via Internet Banking

    To make your SBI Life Insurance premium payment, you can use your SBI or partner bank account. Here is how you can pay your premiums using net banking:

    Step 1: In the biller section, select SBI Life as your biller

    Step 2: Fill in your policy number and policy details

    Step 3: Once successfully verified, you pay your due premiums

    Step 4: You may also schedule your SBI life premium payment as payment mode chosen (monthly, quarterly, half-yearly or yearly) to make sure you don’t miss your payments.

  7. SBI Life Online Payment via Mobile Wallets

    You can also make your SBI Life Insurance premium payment using mobile wallets like Jio Money Wallet, SBI Buddy, or Paytm through the following steps:

    Step 1: Download and open the mobile wallet on your smartphone

    Step 2: Register your profile and payment details on the app

    Step 3: Go to the “Insurance” and then select “SBI Life” 

    Step 4: Upload the policy details and verify

    Step 5: After verification, you can proceed to pay

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Offline Methods Of SBI Life Insurance Premium Payment 

SBI Life provides its customers with convenient and secure options for making premium payments offline. Customers have several channels to choose from for offline premium payments, including 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 payments at POS terminals available at SBI Life branches.

Why Use SBI Life Insurance Online Payment? 

SBI Life Insurance premium payment is a quick, cost-effective, and time-saving process for paying SBI life insurance premiums online. Here is a list of benefits of using the SBI online payment:

  1. Quick Service

    The SBI Life Insurance online payment process is user-friendly, convenient, and fast for the user. It only takes a few steps to process the payments. You don’t need to stand in queues to make a payment.

  2. Easy to Use

    You can make your SBI Life online payment at any time, 24x7, by accessing your account at your convenience. The company’s easy-to-use customer portal makes the premium paying procedure easier and more convenient.

  3. Cost-effective

    SBI life insurance online payment is a completely free-of-cost facility for registered customers. Customers can use the website portal or the SBI mobile app as per their convenience. There are no hidden or penalty amounts charged to avail of the SBI life online payment service.

  4. 24*7 Assistance

    The SBI customer service agent will be easily available to assist you through the chat box system. You can even call the SBI’s toll-free number to get on-call assistance 24X7.

Information 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 premium 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.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

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 online 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 premium payment in order to avoid confusion.

FAQs

  • Q: What is SBI Life Insurance?

    Ans: SBI Life Insurance is one of the leading insurance providers in India that offers a variety of life insurance plans to fit the needs of Indian individuals. They provide protection, retirement, savings, and child insurance plans to offer financial security at affordable premiums. There are several ways to make SBI life online payment of premiums for the convenience of customers.
  • Q: What is the premium amount for SBI Life Insurance?

    Ans: The premium amount for SBI life insurance is the amount you need to pay to the insurer in exchange for the benefits and coverage provided by the insurance company. The premium amount for each SBI life insurance policy will be different and depend on factors like age, health conditions, policy term, and life cover. You can use a life insurance calculator to get an estimate of the SBI life insurance premium you would need to pay.
  • Q: 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: How can I get SBI Life Premium receipt?

    Ans: You can get your SBI life insurance premium receipt download online from the app or the official website. Follow these steps:
    1. Visit and login to the SBI Smart Care portal
    2. Go to the ‘Policy Document/Statement’ and click on the ‘Premium Payment Acknowledgement’ option
    3. Fill in the policy number and date of birth and click on the ‘Get Acknowledgement’ option
    4. Select the digital copy and click ‘Download’
    5. Now your SBI life insurance premium receipt download will be saved on your device
  • Q: How can I check my SBI Life policy?

    Ans: You can check your SBI life insurance policy status by logging into the SBI Smart Care Portal. Once logged in, you can easily check SBI Life insurance policy status, make premium payments, and track claims.
  • Q: What is the grace period for SBI Life premium payment?

    Ans: The grace period for the SBI life insurance premium payment depends on the premium payment mode that you have opted. For monthly payment modes, the grace period is 15 days, whereas for other SBI life insurance premium payment modes, the grace period is 30 days.
  • Q: How do I contact SBI Life Insurance customer care?

    Ans: You can contact SBI life insurance customer care by getting in touch with the SBI life insurance customer care number, online, or offline. This way, you can get your queries and policy-related issues resolved from the comfort of your home.

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