Pay Insurance Premiums Through SBI YONO App

Read on to know more about this SBI mobile app in detail: 

What is the SBI YONO App?

The SBI YONO App (You Only Need One) is a comprehensive digital banking platform launched by the State Bank of India. This SBI mobile app allows users to access various services, including account management, fund transfers, bill payments, investment options, insurance, and shopping offers—all from a single app. Designed for convenience, the YONO SBI App offers instant personal loans, online account opening, and 24/7 banking access, making it a one-stop solution for modern financial and lifestyle needs.

Key Features of the YONO SBI App

• 24x7 Banking Access

  With the SBI YONO App, banking is no longer restricted to branch hours. You can check your account balance, view detailed mini-statements, download account summaries, and transfer funds instantly, anytime, anywhere. Whether at home or on the go, YONO ensures uninterrupted banking at your fingertips.

• Instant Personal Loans

  The YONO App provides pre-approved personal loans of up to Rs 1 lakh without paperwork or branch visits. The entire loan process, from eligibility check to disbursal, takes just a couple of minutes, making SBI YONO personal loans a reliable option during financial emergencies.

• Online Account Opening

  You can open a new SBI savings account online without stepping into a branch. Using just your PAN and Aadhaar, you can complete the paperless onboarding process through YONO SBI online account opening. It's secure, convenient, and takes just a few minutes to start your digital banking journey.

• Lifestyle & Shopping Offers

  YONO isn't just about banking; it is your lifestyle partner. From exclusive travel, dining, and fashion discounts to cashback offers from top brands, the app offers exciting deals that enhance your daily life. Users can shop through the app on platforms like Amazon, Flipkart, Yatra, and more.

• Investments & Insurance

  Invest smartly and stay financially protected with the investment and insurance options available in the app. Everything is just a few taps away, whether buying life or health insurance, investing in mutual funds, or opening a fixed deposit (FD). You can also track the performance of your investments in real time.

How to Download and Register on the SBI YONO App?

Using the SBI YONO App is simple, but the process begins with a few easy steps to get started. Here's how you to do YONO SBI download, register, and log in to the YONO SBI App on your mobile device:

Step 1: Download YONO SBI App
You can download the YONO App in two main ways:

• From Google Play Store (Android):
  Open the Play Store and search for "SBI YONO App" or simply type "YONO SBI". Look for the official app published by the State Bank of India and tap Install.

• From Apple App Store (iPhone/iOS):
  Go to the App Store, search for "YONO SBI", and download the official app.

Step 2: Registration on the YONO App
Once the app is installed:

• Open the App and tap on ‘New to YONO? Register’.

• Choose your registration method:

  • With Internet Banking Credentials (Username & Password)

  • Using SBI Debit Card & ATM PIN

• Enter the required details carefully.

• You may receive an OTP (One-Time Password) for verification on your registered mobile number.

• Once verified, the app will proceed to the login setup.

Note: Ensure your mobile number is registered with the bank to receive OTPs.

Step 3: Set Up Login Credentials

After successful registration:

• Create a 6-digit MPIN: This will be your quick login password for future access.

• For added convenience and security, you can also enable biometric login (like fingerprint or Face ID).

• Once set, you can access the app anytime with your MPIN or biometrics.

How to Link Your SBI Life Insurance Policy on the YONO SBI App?

Before you can pay premiums through the YONO SBI App, you need to link your SBI Life Insurance policy. This one-time process ensures your policy appears automatically in the app for future payments.

Step 1: Open the YONO SBI app and log in using your MPIN or biometric login (Face ID or fingerprint).

Step 2: On the home screen, tap 'Insurance' under the "Explore" or "Quick Links" section.

Step 3: Select the option 'Link a Policy' to start the process of adding your SBI Life Insurance policy.

Step 4: Type in your SBI Life policy number and date of birth (per the policy record).

Step 5: Tap 'Submit'. You'll receive a One-Time Password (OTP) on your registered mobile number. Enter the OTP to verify your details.

Step 6: Once verified, your SBI Life policy will be successfully linked to your YONO SBI account. You'll now see it listed in the Insurance section, and you can directly pay premiums anytime.

How to Pay SBI Life Insurance Premium Online Through YONO SBI App?

Paying your SBI Life Insurance premium is quick and hassle-free with the YONO SBI App. Here's a step-by-step guide to help you make the payment directly through your mobile device:

Step 1: Log in to the YONO SBI App
Open the YONO SBI App on your smartphone and log in using your MPIN or biometric login (fingerprint/Face ID).

Step 2: Go to the ‘Insurance' Section
Scroll or tap the 'Insurance' icon under the "Explore" section on the home screen.

Step 3: Select 'Pay Premium' Option
Choose 'SBI Life Insurance' from the list of available insurers. Then tap on 'Pay Premium' to proceed.

Step 4: Enter Policy Details
Enter your SBI Life policy number and date of birth as required. Verify the details to fetch the premium due.

Step 5: Confirm Payment Amount
Once your policy details are displayed, confirm the premium amount and due date shown on the screen.

Step 6: Choose Payment Account
You can pay using your linked SBI account or other payment options if available.

Step 7: Complete Payment
Tap on 'Pay Now', enter your MPIN or authenticate the transaction, and you're done. Once done, you will receive an instant confirmation message on the app, a transaction receipt via SMS/email and an updated premium status in your SBI Life policy account

You Can Also Read About Term Insurance.

What is the SBI YONO Loan?

SBI YONO Loan is a digital lending service offered by the State Bank of India through the YONO App. It allows eligible SBI customers to apply for personal loans instantly without visiting a branch or submitting physical documents. These loans are usually pre-approved and can be disbursed within minutes, making them ideal for urgent financial needs like medical emergencies, education, travel, or home repairs.

Key Features of SBI YONO Loan

1. Instant Disbursal

   Loans are approved and disbursed within 2 minutes of application for eligible users and are completely paperless.

2. Pre-approved Offers

   If you're pre-qualified, you'll see customized loan offers on the app home screen without needing to apply or check manually.

3. Loan Amount

   Eligible users can typically avail of personal loans up to ₹1 lakh or more, depending on their income, account history, and credit profile.

4. No Paperwork

   Everything from application to disbursal is done digitally through the app—no physical forms, documents, or signatures needed.

5. No Branch Visit

   The entire process is conducted online via the app. You don't need to visit an SBI branch at any point.

Why Use SBI YONO?

• Single App for All Needs: Banking, shopping, investing — all in one place.

• User-Friendly Interface: Clean navigation and quick load times.

• Secure: SBI's strong digital infrastructure ensures data protection.

Whether you're looking for a pre-approved personal loan via SBI YONO, want to check your CIBIL score, or just need a quick fund transfer, the app delivers everything with just a few taps.

Wrapping It Up

The YONO SBI App is more than just a mobile banking tool; it's a digital ecosystem designed to meet modern financial and lifestyle needs. Whether accessing instant personal loans, opening a savings account online, or enjoying exclusive shopping and travel offers, YONO brings it all to your fingertips. If you're already an SBI customer or considering becoming one, downloading the YONO App could be your smartest step toward seamless, all-in-one financial management.

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