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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 online 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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About SBI Life Insurance Company

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 offer protection, retirement, savings, and child insurance plans to provide financial security at affordable premiums. They provide several ways to make SBI life online payment of premiums for the convenience of customers.

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Why Use SBI Life Insurance Online Payment? 

SBI Life 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 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.

How to Make 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 online 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 Online 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 pay your SBI life online payment using the company’s official website by following the below steps:

    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 pay your SBI 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 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 online 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.

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 online 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.


  • Q: What is SBI Life Insurance?

    Ans: SBI Life Insurance is an Indian company that provides a comprehensive range of insurance products suited to fit the financial needs of Indian individuals. You can select the most suitable type of life insurance to ensure your family’s financial safety and build wealth in the long run.
  • Q: What is the SBI life insurance premium amount?

    Ans: The SBI life insurance online payment amount depends on a lot of factors, including your age, gender, type of plan, and benefits offered. You can use a life insurance premium calculator to check the required premiums for the desired life cover.
  • Q: What is my SBI life premium payment policy number?

    Ans: You can refer to the SBI Life insurance policy documents to learn more about the SBI life insurance premium payment policy number. This number can help you access your policy, make SBI life online payments, and make profile changes on the go.
  • Q: How can I get in touch with SBI life insurance customer care?

    Ans: You can get in touch with the company’s helpdesk by contacting the SBI Life Insurance customer care number. You can contact this number to get all your insurance-related queries and SBI life insurance online payment issues resolved by the company officials.
  • Q: How secure is SBI Life Online Payment?

    Ans: SBI 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. The company uses it to make the SBI life premium payment safer for all its customers.
  • Q: Why is SBI Life Internet Banking useful?

    Ans: Internet Banking is the easy-to-use way to make SBI life premium payments for policy premiums. You can make premium payments 24x7 as per your convenience, even on holidays.
  • Q: I do not have a computer, can I still make SBI online payments?

    Ans: Yes, even without a computer, you can still make SBI 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.
  • Q: Can I make a payment without an SBI bank account?

    Ans: You can make SBI life premium payments using either SBI or any of its partner banks to make SBI Online Payment via the company’s internet banking premium payment option.
  • Q: Do I need an active mobile number for SBI online payment?

    Ans: The mobile number registered with SBI must remain active for conducting online payment as you will receive an OTP on it for verification.
  • Q: How can I download my SBI online payment receipt?

    Ans: You can download your SBI life premium 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 online premium payment receipt
  • Q: How can I make SBI online payments?

    Ans: You can pay your SBI Life premium payment online by any of the following methods:
    • Via Policybazaar
    • Using Credit or Debit Cards
    • Through Mobile app
    • From official website
    • Via net banking
    • From Mobile wallets
  • Q: How can I make an SBI Life premium payment after the due date?

    Ans: You can pay your SBI life online payments after the end of the due date within the grace period to avoid your life insurance from lapsing. The grace period for monthly premiums is 15 days, whereas, for all the other payment modes, it is 30 days.

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