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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 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:

  1. Download the Bajaj Finserv app from the Google Play Store or App Store and install it on your device
  2. Open the app, log in, or register if you are a new user
  3. Go to ‘BILLS AND RECHARGES’ and select ‘LIC/INSURANCE’ under ‘FINANCIAL SERVICES AND TAXES’ section
  4. Choose ‘SBI LIFE INSURANCE’ as your issuer
  5. Enter your policy number and DOB and click on ‘FETCH YOUR BILL’
  6. Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
  7. After choosing your preferred payment mode, enter the requested payment details
  8. 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:

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  • 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.

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Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

What is SBI Life Insurance?

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.

What is the premium amount for SBI Life Insurance?

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.

What is my SBI Life Insurance premium plan number?

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.

How can I make payment for SBI Life Insurance premium?

  1. Download the Bajaj Finserv app from the Google Play Store or App Store and install it on your device
  2. Open the app, log in, or register if you are a new user
  3. Go to ‘BILLS AND RECHARGES’ and select ‘LIC/INSURANCE’ under ‘FINANCIAL SERVICES AND TAXES’ section
  4. Choose ‘SBI LIFE INSURANCE’ as your issuer
  5. Enter your policy number and DOB and click on ‘FETCH YOUR BILL’
  6. Select a payment method from the list of available payment options such as credit cards, debit cards, and net banking
  7. After choosing your preferred payment mode, enter the requested payment details
  8. Check the details you entered and click on 'PAY NOW’

You will receive a notification from Bajaj Finserv after successful payment.

How do I contact SBI Life Insurance customer care?

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.

Does Bajaj Finserv provide recharge services apart from insurance premium payment?

Yes, Bajaj Finserv also provides recharge services such as:

Does Bajaj Finserv provide bill payment services apart from insurance premium payment?
How can I download my SBI Life premium receipt?

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.

How can I check my SBI policy status by number?

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.

How to check SBI Life policy details?

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.

How to get receipt of SBI Life Insurance?

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.

How to login to SBI Life Insurance policy?

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.

Can I surrender my SBI Life policy after 2 years?

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.

How can I check my policy status without login?

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.

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