Recharge and Pay Bills
Pay SBI Life insurance premium online
SBI Life Insurance is a joint venture between the State Bank of India and BNP Paribas Card, a global insurance company. It is one of the leading life insurance companies in India, offering a wide range of insurance solutions to cater to the diverse needs of individuals and families. With a strong presence across the country, SBI Life Insurance is known for its commitment to customer satisfaction and financial stability.
SBI Life Insurance is a renowned insurance provider in India, offering a range of comprehensive insurance products to safeguard individuals and their families. Now the customers can pay their SBI Life Insurance premium through Bajaj Pay, the BBPS platform on Bajaj Finserv. The Bharat Bill Payment System (BBPS), conceptualised by the RBI, is an integrated online platform in India for bill payments, offering a convenient and secure way to pay various bills, such as electricity, water, and more.
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Steps to check SBI Life policy payment status
You can check the policy payment status on the
SBI Life Smart Care Portal:
- Visit the SBI Life website
- Click on ‘LOGIN’ or ‘CUSTOMER PORTAL’ (usually on the top right corner).
- Enter your policy number and registered mobile number or password to log in.
- Once logged in, navigate to the ‘MY POLICY’ section.
- You should be able to see your policy details, including the premium due date and payment status.
Note - Quickly access easily download your SBI Life Insurance premium receipt and stay updated on your SBI insurance policy status anytime.
Benefits of paying SBI Life Insurance premium on Bajaj Finserv
1. Quick and hassle-free
With the Bajaj Finserv BBPS platform, you can make your SBI Life Insurance premium payment quickly and effortlessly.
2. Safe and secure
Bajaj Finserv provides a safe and secure payment platform. Your SBI Life Insurance online payment details are secure with the platform’s robust security measures.
3. Multiple payment options
Bajaj Finserv offers multiple payment options, including debit card, credit card, net banking, and UPI. This allows you to choose the payment method that suits you best.
4. Instant confirmation
After making the payment, the platform immediately confirms the payment through an email and SMS.
Renew other life insurance premiums
Fees and charges
A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.
Note: For failed transactions, the total amount including charges except taxes are reversed.
Steps to make SBI Life Insurance premium payment online on the Bajaj Finserv website
You can make SBI Life Insurance premium payment online using the Bajaj Finserv app by following these steps:
- Download the Bajaj Finserv app from the Google Play Store or App Store and install it on your device
- Open the app, log in, or register if you are a new user
- Go to ‘BILLS AND RECHARGES’ and select ‘LIC/INSURANCE’ under ‘FINANCIAL SERVICES AND TAXES’ section
- Choose ‘SBI LIFE INSURANCE’ as your issuer
- Enter your policy number and DOB and click on ‘FETCH YOUR BILL’
- Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
- After choosing your preferred payment mode, enter the requested payment details
- Check the details you entered and click on 'PAY NOW’
You will receive a notification from Bajaj Finserv after successful payment.
Bajaj Finserv app for all your financial needs and goals
Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.
You can use the Bajaj Finserv App to:
- Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
- Invest in fixed deposits and mutual funds on the app.
- Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
- Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
- Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
- Shop from over 100+ brand partners that offer a diverse range of products and services.
- Use specialised tools like EMI calculators, SIP Calculators
- Check your credit score, download loan statements and even get quick customer support—all on the app.
Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.
Frequently asked questions
SBI Life Insurance is a leading life insurance company in India, providing a wide range of insurance products to individuals and families. It is a joint venture between the State Bank of India and BNP Paribas Card, offering comprehensive coverage and financial security.
The premium amount for SBI Life Insurance varies depending on several factors, including the type of policy, coverage amount, policyholder's age, health condition, and other relevant parameters. The premium is calculated based on the risk associated with the policy and the coverage provided.
Your SBI Life Insurance premium plan number is a unique identification number assigned to your policy. It serves as a reference for any communication or transaction related to your insurance policy. You can find the plan number on your policy documents or insurance certificate.
- Download the Bajaj Finserv app from the Google Play Store or App Store and install it on your device
- Open the app, log in, or register if you are a new user
- Go to ‘BILLS AND RECHARGES’ and select ‘LIC/INSURANCE’ under ‘FINANCIAL SERVICES AND TAXES’ section
- Choose ‘SBI LIFE INSURANCE’ as your issuer
- Enter your policy number and DOB and click on ‘FETCH YOUR BILL’
- Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
- After choosing your preferred payment mode, enter the requested payment details
- Check the details you entered and click on 'PAY NOW’
You will receive a notification from Bajaj Finserv after successful payment.
For any queries, assistance, or information related to SBI Life Insurance, you can contact their customer care. The customer care team can be reached through their dedicated helpline numbers, email support, or by visiting the nearest SBI Life Insurance branch. Their representatives are ready to assist you with any policy-related queries or concerns.
Yes, Bajaj Finserv also provides recharge services such as:
Yes, Bajaj Finserv also provides bill payment services such as:
- Postpaid bill payment
- Broadband bill payment
- Education fee payment
- Landline bill payment
- Loan Repayment
- Electricity bill - UPPCL, NBPDCL, TNEB, etc.
To download your premium receipt, visit the SBI Life Smartcare Portal. Log in using your credentials, navigate to the relevant policy, and find the option to download the premium receipt. Alternatively, you can use SMS services by sending “FV (Policy Number)” to 56161 or 92500018481.
To check your policy status, send an SMS with “POLSTATUS (Policy Number)” to 56161 or 9250001848. You’ll receive information about your policy’s current status.
For policy details, use SMS services. Send “SWTR (Policy Number)” to 56161 or 9250001848 to inquire about your last fund switch request. To know the next premium due date, send “RENDET (Policy Number)” to the same number. If you have recently purchased a policy, use “NEWPOL (Policy Number)” to get dispatch details.
Go into the SBI Life Insurance consumer website or mobile app to obtain a receipt for the premium you paid. Proceed to the "Transaction Details" or "Payment History" section to view and download all of the paid receipts. As an alternative, you can visit an SBI Life branch or get in touch with their customer service via phone or email to receive a receipt. After every successful payment, receipts are usually emailed to the email address you entered, so you always have a record of your transactions.
Go to the official SBI Life Insurance website to access the account for your insurance. On the homepage, select "Customer Login" and input your password and user ID. If this is your first time using the system, you will need to register by entering your date of birth, policy number, and other necessary information in order to get a login ID and password. You may examine your insurance details, pay premiums, review your payment history, and access other policy-related information after you have logged in.
After two years, you can surrender your SBI Life Insurance policy, although the surrender value varies according to the conditions of the policy. Conventional insurance usually accrue a surrender value following two to three years of premium payments. However, surrender costs may apply, so an early surrender might result in a smaller refund than the entire amount of premiums paid. To understand the financial ramifications of surrendering, it is essential to study the surrender value of the policy in the terms and conditions or speak with a representative of SBI Life Insurance.
If you would want to verify the status of your SBI Life Insurance policy without logging in, you can utilise customer service or alternate ways like SMS. You may get your policy status by sending an SMS to the approved SBI Life SMS service number along with your policy number. You will receive a reply. As an alternative, you can get your insurance status by calling the SBI Life customer service hotline and providing your policy information. Another method to find out the status without checking in is to visit a nearby SBI Life branch with your policy number and identification documentation.