SBI Life Insurance Online Payment

SBI Life Insurance online payment allows its customers to make their premium payments at their convenience through their customer service portal. You can make your premium payment through any of the different modes mentioned below. Let us see how you can make your SBI life insurance online payment and its benefits.

Get ₹1 Cr. Life Cover at just
Term Insurance plans
Online discount
upto 10%#
Guaranteed
Claim Support
Policybazaar is
Certified platinum Partner for
Insurer
Claim Settled
98.7%
99.4%
98.5%
99%
98.2%
98.6%
98.82%
96.9%
98.08%
99.2%

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

Get ₹1 Cr. Life Cover at just
+91
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use
We are rated
rating
58.9 million
Registered Consumers
51
Insurance
Partners
26.4 million
Policies
Sold

Key Benefits of Using SBI Life Insurance Online Payment Process

SBI Life Insurance Online 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 life insurance 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 for making a payment.

2. Easy to Use

You can make your SBI life insurance 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

It 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 SBI life insurance 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.

Read More: SBI Life Insurance Policy Status

Get-Started

Different Modes to Make SBI Life Insurance Online Payment

SBI life insurance 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 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 online payments using the SBI life customer portal:

1. Premium Payment from Policybazaar

You can pay the premiums for your life insurance plans that you purchased from policybazaar easily. Policybazaar allows you to pay your plan premiums through various modes like credit and debit cards, UPI apps, internet banking, and fund transfer. 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. Payment by Credit Card

You can make your SBI life insurance 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 policy details and verify

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

3. Pay through SBI Easy Access App

You can make SBI life insurance 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 ‘Renewal Premium Payment’ option

  • Step 3: Submit your policy and personal details

  • Step 4: Select your preferred mode of payment and proceed to pay

4. SBI Life Website

You can pay your SBI life insurance online payment using the company’s official website by following the below steps:

  • Step 1: Go to the company’s official customer service portal ‘Smart Care’

  • Step 2: Click on ‘Pay Premium’ 

  • Step 3: Enter your Policy number and date of birth to log in

  • Step 4: Select the premium payment channel and proceed to pay

5. Internet Banking

To pay your SBI life insurance online payment for premiums 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 and number and policy details

  • Step 3: On successful verification, the service will be activated 

  • Step 4: You can now access your premium bill with a due date

  • Step 5: Select to pay your SBI life insurance online payment to pay premiums right away or schedule your premium payments for later

6. Mobile Wallets

You can also make your SBI life insurance online payment using mobile wallets like Jio Money Wallet, SBI Buddy, or Paytm through the following steps:

  • Step 1: Open the mobile wallet on your smartphone 

  • Step 2: Go to the Insurance premium payment section

  • Step 3: Select SBI Life as the insurance company 

  • Step 4: Enter your policy and personal details and verify

  • Step 5: Select your digital wallet and proceed to pay

Why buy Term Insurance early?

Your premium is decided on age at which you buy the policy and remains same, throughout your life

Premiums can increase between 4-8% each year after your Birthday

Your policy application could be rejected or premiums increase by 50-100%, if you develop a lifestyle disease

See how age affects Term Insurance Premiums
See how age affects Term Insurance Premiums
Premium 479/month
Age 25
Age 50
Buy Today & Save Big
View Plans

Information Required While Making SBI Life Insurance Online Premium Payments

Here is a list of all the information required while making your SBI life insurance online 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 premium payment certificate and SBI life insurance premium receipt by logging into the company’s customer care portal ‘Smart Care’.

  • SBI Life offers an extended period to make SBI life insurance online payments after the end of the premium due date called a grace period.

*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 Online Premium Payment through various modes from the comfort of your home. There's no need to stand in long queues for completing the payment. All you need is internet access and a mobile device to make payments online.

FAQs

  • How secure is SBI Life Online Payment?

    A1. SBI Life Insurance Online Payment allows you a completely secure medium for the transaction. It uses strict security systems to ensure that all your transactions are safe. The SSL encrypted medium is known to provide the highest level of security on the Internet. SBI uses it and hence makes the online payment system safer for all its customers

  • Why is SBI Life Internet Banking useful?

    A2.  Internet Banking is the easy-to-use way to make SBI life insurance online payments for policy premiums. You can make premium payments 24x7 as per your convenience even on holidays.

  • I do not have a computer, can I still make online payments?

    A3. Yes, even without a computer, you can still make online payments using the SBI Easy Access App from your mobile phone. You can also access your policy account on the company’s customer portal on your smartphone’s web browser. All you need to do is make sure you have a proper internet connection on your mobile device.app from your mobile phones. In that case, make sure you have a proper internet connection on your mobile device.

  • Can I make a payment without an SBI bank account?

    A4. You can make online payments using either SBI or any of its partner banks to make SBI Life Insurance Online Payment via the company’s internet banking premium payment option..

  • Do I need an active mobile number for online Payment through SBI?

    A6. The mobile number registered with SBI must remain active for conducting online payment as you will receive an OTP on it for verification.

    Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

  • How can I download my SBI life insurance online payment receipt?

    A7. You can download your SBI life insurance online payment receipt by going to the company’s customer service portal.

    • Step 1: Visit the company’s ‘Smart care’ portal
    • Step 2: Click on ‘Policy Statements and Documents’
    • Step 3: Enter your policy number and date of birth to review and download your SBI life insurance premium receipt

Different types of Plans


Life insurance articles

Recent Articles
Popular Articles
Kotak Life Insurance Policy Details

04 Jan 2023

Kotak Life Insurance, is one of the leading insurers in India
Read more
Tata AIA Life Insurance Login Customer Portal

04 Jan 2023

Tata AIA is one of the life insurance providers that offer
Read more
Edelweiss Tokio Life Insurance Login

20 Dec 2022

Edelweiss Tokio Life Insurance is an Indian insurer that offers
Read more
Characteristics of Life Insurance Plans

12 Dec 2022

Life insurance plans are essential for anyone looking to secure
Read more
ICICI Prudential Life Insurance Customer Service

08 Dec 2022

ICICI Prudential Life Insurance company limited offers a robust
Read more
How to Check LIC Policy Status, Details, Statement via Online/SMS/Call
Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid's future. However
Read more
SBI Life Insurance 50,000 per year Plan for 5 Years
Life insurance is not only about the financial protection of the family but also about working for life’s
Read more
How to Cancel SBI Life Insurance Policy?
As per the Insurance Regulatory and Development Authority, you can cancel a life insurance policy taken within 15
Read more
How to Download PLI Statement Online?
PLI or Postal Life Insurance was an initiative originally started for the welfare of the Postal Department of
Read more
PLI Surrender Value Calculator
PLI Surrender Value Calculators have proven to be one of the simple tools for digitally savvy customers. PLI
Read more

top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL