SBI Life Insurance Online Payment

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

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

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.

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