SBI Life Insurance Online Payment

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 : 

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.

1. 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

2. 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

3. 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

4. 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

5. 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

6. 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

7. 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

8. 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

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.

Step 5: Once you are logged in, you can check your SBI life policy status, make SBI life term insurance premium payments, download policy documents, etc.

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.

FAQs