SBI Life Insurance is one of the leading insurance providers of the country. It is a joint venture between State Bank of India (74% of equity) and BNP Paribas Cardif (26% of equity). It has paid up capital of Rs 1,000 crores and an authorized capital of Rs. 2,000 crores.
Some of the insurance policies offered by SBI Life Insurance are as follows:
•    SBI Life – Smart Shield
•    SBI Life – Saral Shield
•    SBI Life – Swadhan
•    SBI Life – Smart Performer
•    SBI Life – Unit Plus Super
•    SBI Life – Saral Maha Anand
•    SBI Life – Smart Elite

SBI life Insurance Premium Payment via SBI Life Branch

•    Locate your nearby SBI Life Insurance branch by visiting the following link.

http://www.sbilife.co.in/BI/BranchLocator/StateDisplay.jsp

•    Pay your insurance premium dues by Cash/Cheque/ Demand draft.

•    Write cheque/DD in favour of ” SBI Life Insurance Company Ltd – Policy Number”

•    Mention your policy no and contact details on the reverse of the cheque/DD.

•    Collect the receipt for the acknowledgement of your payment.

SBI life Insurance Premium Payment via Post/Courier

•    You can also make payment for your premium by sending cheque and DD at any of the SBI life Insurance branches through Post/Courier.

http://www.sbilife.co.in/BI/BranchLocator/StateDisplay.jsp

•    You will receive the receipt acknowledging your payment at your communication address.

SBI life Insurance Premium Payment via ECS

•    With ECS, your premium is debited automatically from your bank account on your preferred date of payment.
•    Download the ECS mandate form by visiting the following link.

http://www.sbilife.co.in/sbilife/docs/ECS%20Mandate%20Form_New.pdf

•    Completely fill the form and send it along with the cancelled cheque at any of SBI Life Insurance Branches or at the following address.

SBI Life Insurance Co. Ltd.
Central Processing Centre
Kapas Bhavan, Plot 3A,
Sector-10, CBD Belapur,
Navi Mumbai- 400614

•    Ensure to send the duly filled form at least 30 days prior to your next premium due date.

Direct Debit

•    For those customers whose bank branches are not ECS enabled, they can avail the Direct Debit facility.

•    With Direct Debit, your premium amount can be directly debited from your bank account on your preferred date of payment.

•    The Direct Debit facility is available for the following banks.

Axis Bank
CITI Bank
ICICI Bank
Bank of Baroda
Union Bank of India
State Bank of India
Bank of India
IndusInd Bank
Punjab National Bank
Kotak Bank

•    Download the ECS mandate form by visiting the following link.

http://www.sbilife.co.in/sbilife/docs/ECS%20Mandate%20Form_New.pdf

•    Completely fill the form and send it along with the cancelled cheque at any of SBI Life Insurance Branches or at the following address.

SBI Life Insurance Co. Ltd.
Central Processing Centre
Kapas Bhavan, Plot 3A,
Sector-10, CBD Belapur,
Navi Mumbai- 400614

SBI Life Insurance through Credit Card Standing Instruction

•    You can pay your premium dues by using your credit card (Master/Visa).
•    Download the credit card standing instruction form by visiting the following link.

http://www.sbilife.co.in/sbilife/images/File/documents/Standing_Instruction_Mandate_Credit_Card_ver2.pdf

•    Completely fill the form and send it along with the photocopy of front side of your credit card at any of SBI Life branch offices.

SBI Life Insurance through SBI Netbanking account

•    If you have NetBanking account with SBI or its partners Bank, you can pay your SBI Life Insurance Premium online through its official website.

•    Log on to your net banking account and add SBI Life as your biller.

•    Enter your Policy details.

•    View and verify your policy details and make payments.

SBI Life Insurance Premium Payment through Bill Desk

•    You can pay your premium online by using BillDesk

•    Logon to www.billdesk.com and register yourself at Bill Desk.

•    Choose SBI Life as a Biller under Insurance category.

•    After that simply enroll your Policy details and authorize your payment.

SBI Life Insurance Premium Payment through SBI Life website

•    You can pay your SBI Life Insurance Premium online through its official website.

•    Visit the following link for paying your premium online.

https://mypolicy.sbilife.co.in/onlinepayment/bulletpayment.aspx

•    Enter your Policy No or client ID and Date of Birth. Click on Submit.

•    View and verify your policy details and choose your payment mode from Net Banking / Credit Card payment.

•    For making payments by using Net banking feature, login with your Net banking User Id and password to access your bank account and make payments.

•    For making payments by using Credit Card/Debit Card, submit various details like Name on the Card, 16 digits Card Number, Expiry Date and 3 digit CVC code on the back of the card.
•    You will receive the E-receipt and you can print the premium deposit acknowledgement.

SBI Life Insurance Premium Payment through VisaBillPay.in
You can use your Visa credit/debit card for paying your premium dues through visabillpay.in.
•    Log on to www.visabillpay.in
•    Get yourself registered and enter billing details.
•    After registration, you will receive bill reminders from next billing cycle.
•    Now, you can login, view bill amount and make payment