The SBI Life eShield Online Payment system has made payments quick and straightforward. However, before making a purchase, it’s crucial to fully understand all the terms and conditions of the goods and services.
So let’s start by comprehending the advantages of SBI Life EShield online payment. SBI Life is the leading company in India for providing life insurance plans to provide financial security to the policyholder.
SBI Life offers numerous insurance plans and a comprehensive online term plan, the “SBI Life – eShield plan.”
Also read: SBI Balance Enquiry Toll Free Number
Benefits of SBI Life eShield Online Payment
SBI eShield online payment provides the following advantages over the conventional method of payment:
1. Easily Accessible
Now that smartphones and the internet are so common. Locating an internet signal on a cell phone is much simpler and more accessible than finding an insurance branch nearby because mobile devices and the internet are so widely used. Hence, SBI Life eShield online payment offers you easy accessibility.
2. Quick Payment
SBI Life Premium Payment Online offers an online payment method that is completed almost instantaneously. SBI eShield online payments are seamless and straightforward to complete. Furthermore, since the transaction is completed online, there is no chance that the SBI Life Premium Payment Online will be delayed because it is processed quickly.
3. Pre-registration Facility
SBI Life EShield premium payment online offers a pre-registration facility. Personal information written on checks or demand drafts overleaf does not need to be repeated with every payment because it may all be entered during the registration process. In most cases, registration is only done necessary once.
4. Ease of Convenience
SBI eShield online payment provides convenience through an online payment facility. You can pay SBI Life Premium Payment Online whenever you want. However, offline payment options must be completed during office working hours, which might be particularly challenging for a working professional.
5. No Charges or Processing fee
Many times, offline payments cost you a processing fee. This fee is an additional cost that the customer is responsible for paying. However, there are no such fees associated with SBI Life Premium Payment Online, and customers typically pay the precise due amount with no extra charges. Hence, SBI Life EShield payment provides you with the facility of no additional payable charge.
Also read: SBI Net Banking: Registration, Login, And Transfer Money
Various Alternatives SBI eShield online Payment offers for Online Transactions
SBI Life eShield online payment offers many online payment options that are easily accessible and secure. There are many steps to consider while discussing online payment. Look at the information below to learn about the typical modes to make the payment using SBI eShield online payment:
1. Log in to the SBI Life website
SBI Life eShield premium payment online provides a safe and secure method for online payment. SBI eShield online payment is simple and easily accessible. Go straight from a search engine to the SBI Life eShield online payment webpage. It provides information about the Insurance in addition to the payment status. After adequately registering, both new and recurring users can access this website. The steps of registration are briefly explained below:
- Visit the SBI Life eShield online payment website.
- Proceed to Sign in.
- Ensure to register on the website using your policy number, birth date, and mobile number.
- To save the details, enter and complete the captcha and press submit.
- After successful registration, one can access the subsequent page to view information about their Insurance, their enrolment date, and, of course, the date and amount of their due payment.
- Proceed to make payment online using either a credit or debit card.
2. Internet Banking
SBI Life eShield premium payment online facilitates you with an option of internet banking. Payments for SBI Life eShield can be made online through Internet banking. The BillDesk is the premium payment platform that SBI advises us to use. SBI Life must be listed as the provider, and the policy’s details must be updated. The following steps need to be taken after that:
- Visit the BillDesk website and log in.
- From the selection menu, select insurance payment.
- Select Internet banking from the payment dropdown menu.
- The user needs to enter their policy number and birthdate on the following page after submitting these details.
- Enter the policy number and birthdate, then continue.
- Upon signing in, the main page will display the premium amount and the due date.
- One may now make the SBI Life Premium Payment Online right now or schedule it for later.
3. Payment through e-Wallets
SBI Life eShield premium payment online allows you to make SBI Life Premium Payment Online through e-wallets. Most of these e-wallets are connected to a well-known provider like SBI Life because they are widely used. Although the SBI Buddy is the preferred wallet, customers can pay for SBI Life eShield online using other wallets.
Here are a few listed examples:
SBI Buddy:
- Visit the SBI Buddy website.
- Options include sending money, recharging, and booking flights and hotels. Select the Pay Bills option.
- Click on the above option.
- There are numerous categories inside that. In this instance, choose Insurance.
- SBI Life would be the biller.
- Provide your birthdate and the policy number.
- It will display the payable premium and the due date.
- Proceed with the e-wallet payment.
Jio Money App:
- To continue with the SBI Life eShield online payment, download the Jio Money app.
- Use the registered cellphone number to log in.
- Select the Recharge and Bill Pay categories on the tab.
- Select the Bill Pay Category within.
- Select Insurance as the Category within.
- Select SBI Life Insurance as the provider there.
- Give your birthdate and policy number.
- It will display the payable premium and the due date.
- Continue with the Jio money e-wallet payment.
Paytm:
- To continue with the SBI Life eShield online payment, download the Paytm app. Use the registered cellphone number to log in.
- Numerous payment methods are available on the tab, including flight, mobile recharge, cinema tickets, etc. Select the insurance option.
- Within it, tap the SBI Life Insurance option.
- Give your birthdate and policy number.
- It will display the payable premium and the due date.
- Proceed with the Paytm e-wallet payment.
4. Debit directly via NACH
Direct debit through NACH is an additional alternative offered by SBI Life premium payment online. National Automated Clearing House is referred to as NACH. With the help of its auto-debit functionality, it permits SBI Life eShield online payments. However, this needs to be activated through an offline procedure. The central processing facility for SBI Life Insurance is located in Navi Mumbai. They require a completed mandate form and evidence of a bank account, such as a bank statement or a canceled check.
5. Insurance Premium Payment at State Bank ATM
Payment of Insurance Premiums at a State Bank ATM is an ideal alternative facilitated by SBI eShield online payment. People can pay for SBI Life eShield online payment at State Bank of India ATMs. The use of an SBI ATM card is required at these portals. In addition, you must need to the follow given instructions below:
- Use the SBI ATM with your ATM card.
- The Services option will be available on the subsequent screen. However, SBI Life Insurance must be chosen from the Bill Pay option inside it.
- It will request information such as the policy number and birthdate, much as other forms.
- After entering the details mentioned above, it will display the due date and the premium sum, enabling the cardholder to make the SBI Life Premium Payment Online.
Also read: SBI Cibil Score Check: Free Details And Process
Alternatives offered by SBI eShield online Payment for offline Payment Processes
While the sections mentioned above include SBI eShield online payment methods made from a portal or the comfort of one’s home, there are also more conventional offline methods of SBI Life eShield premium payment online that can be used. We have provided some short explanations below to be thorough:
1. Mail or Courier
This was the easiest way to pay for premiums before online transactions. First, the insurance payment must be made to the closest branch office via demand drafts or checks. They will then send the receipt to where the payment was first posted.
2. Direct Transfer
The process is the same as the one above, except that now, instead of mailing, one must physically visit the SBI Life branch office. In addition to the check or demand draft, they can also provide the policy number, birth date, and contact information.
Also read: How To Check SBI Account Balance Online
SBI Life eShield Online Payment – FAQs
What authentic documents are needed for online registration of the SBI eShield online payment?
Ans. KYC documents are required for registration of the SBI eShield online payment, such as age, identity, and address proof.
Define the SBI Life eShield online payment.
Ans. SBI eShield online payment is defined as a non-linked, non-participating pure, risk individual premium plan introduced to the market by SBI Life.
Are online policy renewals also an option?
Ans. Yes, you can renew your SBI eShield online payment policy by visiting the company’s website, selecting the renewal option, and entering your name, policy number, and expiration date.
What payment methods are available for the SBI Life-eShield plan’s premiums?
Ans. The SBI Life eShield premium payment online plan accepts monthly, quarterly, semi-annual, and annual payments.
What SBI Life premium payment policies can be paid for online?
Ans. Some types of SBI Life eShield premium payments that can be paid online include health insurance, motor insurance, house insurance, travel insurance, accident insurance, etc.
