State Bank of India (SBI)

Pay Renewal Premium

You can now pay renewal premium at your nearest SBI Bank branch through:

1. Cheque


2. Demand Draft


3. Cash (up to Rs. 49,999/- per policy)

Simple Steps to pay at any State Bank of India

1. Walk in to any of SBI Bank branch near you
   
   
2. Provide the 10 digit policy number. All cheques should be drawn in the favour of ‘Tata AIA Life Insurance Company Limited’ followed by the policy number along with your full name, registered mobile number and policy number at the back of the cheque.


3. Hand over the Cheque/DD/ Cash to the SBI Bank branch personnel.


4. Take a printed acknowledgement from State Bank of India certifying receipt of premium payment
   
   

Please note:

 

Cash payment above Rs. 49,999/- will not be accepted without a valid PAN card copy of the policy holder.

 

Cash will be accepted up to Rs. 49,999/- per policy.

 

As per Rule 114B of the Income Tax Act, amended dated 31.12.2015, quoting of PAN is mandatory if the premium amount exceeds Rs. 50,000/-irrespective of the mode of the payment.

 

Disclaimer:

• Payment made towards renewal premium will be applied to your policy on credit, or as on the premium due date, whichever is later. Premium receipt shall be sent in 2 days post premium application

• In unit-linked policies, NAV shall be allocated as per terms of the policy contract