Paying SBI Life premiums online is now the easiest and fastest way to keep your policy active. You no longer have to visit a branch or stand in long queues. You can pay your premium anytime, anywhere with just a few clicks.
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Dedicated claim support for family FREE
Upto 15% discount# for buying online
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The Policybazaar Advantage
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.
SBI Life offers several online payment options, like net banking, debit/credit cards, UPI, mobile wallets, and more. It's safe, simple, and saves you time. Let us understand all the online and offline methods available to pay your SBI online payment :
Term Plans
₹1 Crore
Life Cover
@ Starting from ₹ 16/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.
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 SBI Life Mobile App (Easy Access 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 your payment:
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 provides its customers with convenient and secure options for offline premium payments. Customers have several channels to choose from for offline SBI life insurance 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 SBI life insurance 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 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 payment is completely 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.
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 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 Check SBI Life Policy Status Online?
Let us take a look at the steps you need to follow to check your SBI life policy status online.
Step 1: Visit the official website of SBI Life Insurance, click on the option of login at the top right corner and select customer on the drop-down.
Step 2: You will be redirected to the SmartCare Portal, where you can check a variety of SBI life insurance policy details online.
Step 3: Select the suitable login option, i.e., if you want to login using MPIN, User ID, or OTP.
Step 4: Click on the Login button again and enter your mobile number/email ID. You can also access your SBI life insurance policy details by policy number.
How to Register as a New User in the SBI Life Portal?
To register as a new user in the SBI Life Portal, here are the steps: Step 1: Go to the official website of SBI Life Insurance.
Step 2: To register online, fill up the registration form by providing all the required documents and information and then submit it.
Step 3: Check your email for a confirmation message from SBI Life Insurance. And then, click on the provided link.
Step 4: The link will redirect you to a webpage where you will have to create.
Step 5: Once successfully created, you can log in and check your SBI Life policy status online.
How To Check SBI Life Maturity Amount?
To check SBI Life Maturity Amount or your SBI life insurance or SBI Term Insurance policy, follow these steps:
Step 1: Visit SBI Life Insurance’s official website and log in to your registered SBI Life account
Step 2: Go to the policy details section where you will see your policy’s maturity amount information
Step 3: Review the maturity amount breakdown, which includes the sum assured or any applicable benefits/bonuses
What are the Reasons for SBI Life Insurance Claim Rejection?
Here are some of the conditions under which SBI Life Insurance Claim Rejection could be possible:
If the policyholder fails to provide accurate details in the claim application or neglects to submit the necessary documents.
Term life insurance claims may also be rejected for not updating the nominee's information and the policy lapses due to non-payment of premiums.
Rejection of SBI Life Insurance claim can also occur due to hiding important information, such as removing medical history or not disclosing lifestyle habits like alcohol or tobacco habits.
How to Contact SBI Life Insurance Customer Care?
SBI Life Toll-Free Customer Care Number
To contact SBI Customer Care Executives, call 1800 267 9090 (9 AM to 9 PM).
NRIs can call SBI Life Insurance 24x7 at this helpline number: (+91) 022 69289090 (Call Charges Apply)
SBI Customer Care Email Address
You may send an email to info@sbilife[dot]co[dot]in with a description of your issue, and the customer support staff will respond with the necessary details.
NRIs can mail SBI Life Insurance at nriservices@sbilife[dot]co[dot]in to get their issues resolved.
SBI Life Customer Care - SMS Service
SBI Life Insurance Company offers a quick SMS Service through which a policyholder can receive all the relevant information and policy updates instantly. To avail of this service, you need to send the relevant SMS code to 56161 or 9250001848 from your registered mobile number. To check the status of your policy, type POLSTATUS {space} ‘Policy Number’ and send it to 56161 or 9250001848.
Below are the SMS Codes for different queries:
Enter NEWPOL followed by the space "Policy Number" to learn more about your policy's dispatch information.
Send RENDER 'Policy Number' to get information about premiums.
Type FV space> 'Policy Number' and send to get the most recent policy or fund value.
Type SWTR 'Policy Number' in the space after it and hit submit to acquire details about Fund Switch Transaction.
Type MYEMAIL 'Policy Number' 'Space' New Email id 'Space' and send to register or amend your email address.
Enter PAN 'Policy Number' and 'PAN number' 'space' and send to update your PAN number.
Corporate Office Address of SBI Life Insurance
Natraj
M.V. road & western express highway junction,
Andheri (East), Mumbai - 400 069
Corporate office telephone number: 022-6191 0000
What is SBI Life Smart Care?
SBI Life Smart Care offers a range of features and services to help you manage your policy and stay informed. Here's a quick guide to the key features:
Premium Payment Easily pay your SBI Life Insurance premiums through multiple online and offline channels to ensure uninterrupted policy coverage.
Auto Debit Setup Set up automatic premium payments directly from your bank account for a hassle-free experience—no more missed due dates.
Certificate of Existence Generate and download your Certificate of Existence to verify the continued validity of your policy.
Policy Documents & Statements Access and download your policy documents, premium receipts, and account statements online—anytime, anywhere.
Proposal Tracking Stay updated on the status of your policy application right from submission to final approval.
Claim Tracker Monitor the progress of your claim in real time with the Claim Tracker feature for complete transparency.
Claim Intimation Easily inform SBI Life about a claim through the online Claim Intimation service and initiate the claim process immediately.
Tools & Calculators Utilize various tools and calculators to plan your insurance needs and understand the premiums and benefits involved.
Products & Premium Quotes Explore a wide range of insurance products and get premium quotes tailored to your requirements.
Buy Online: Purchase insurance policies online easily, offering a secure and convenient way to get insured.
SBI Branch Locator Find your nearest SBI Life branch with Branch Locator tool, making it easy to access in-person services.
Unclaimed Amount Disclosure View information about any unclaimed amounts related to your policy, ensuring transparency and accountability.
*Note: You can download your SBI life insurance payment receipt or any of your SBI policy documents by visiting the “Services” section and then clicking on “Download Centre.”
How to Cancel SBI Life Insurance Policy?
You can cancel your SBI Life Insurance policy by following these steps:
Step 1: Go to the official website of SBI Life Insurance.
Step 2: Log in to your account using your credentials.
Step 3: Navigate to the policy management section and find the policy cancellation option.
Step 4: Enter the required information for the cancellation request.
Step 5: Submit the cancellation request.
Step 6: Note down the reference or acknowledgement number for your records.
How to Surrender SBI Life Insurance Policy?
Follow the steps listed underneath to surrender your SBI Life Insurance Policy:
Step 1: Visit an SBI Life Insurance branch.
Step 2: Request a surrender form from customer service.
Step 3: Fill out the surrender form.
Step 4: Attach the following documents:
Original policy documents
Cancelled check with your name
Copy of passbook
Bank statement
Copy of PAN card
Copy of Aadhaar card
Copy of passport
Driving license
Voter ID
Step 5: Submit the completed form and documents to the SBI representative.
*Note: The surrender value will be credited to your account within 10 to 15 working days.
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.
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.
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 estimate the SBI life insurance premium you would need to pay.
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.
How can I get SBI Life Premium receipt?
Ans: You can get your SBI life insurance payment receipt download online from the app or the official website. Follow these steps:
Visit and login to the SBI Smart Care portal
Go to the ‘Policy Document/Statement’ and click on the ‘Premium Payment Acknowledgement’ option
Fill in the policy number and date of birth and click on the ‘Get Acknowledgement’ option
Select the digital copy and click ‘Download’
Now your SBI life insurance premium receipt download will be saved on your device
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.
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.
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.
How to calculate the term insurance premium online?
Ans: You can easily calculate the term insurance premium online by using the term plan calculator online tool
What are the key features of a best term insurance plan in India?
Ans: Let's understand what is term life policy here. Term insurance offers financial protection for a certain period to the policyholder, thereby, offering a lump sum payout if the policyholder unfortunately passes away during the policy term.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/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 38 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.
+Rs. 820/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 38 years of age.
+Rs. 1,443/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 38 years of age.
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