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Home > Services > ECS Facility

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What is ECS? How does it benefit you?
How can one avail of ECS Facility?
What is the time taken for activation?
What does this service cost me?
How does ECS work?
Do I get any Value added services?
Do I get a receipt for my ECS premium payments?
Can I cancel this facility if once availed?
Helpdesk
ECS Locations
 
 
What is ECS? How does it benefit you?
Electronic Clearing Service (ECS) is an easy premium payment option that minimizes time & effort and maximizes peace of mind & convenience. No Queues, no wastage of time and minimal chance of lapsation.

Availability: - As of now, ECS is available in 86 locations across the country (refer list below) and SBI along with Reserve Bank of India (RBI) is the major promoter and player for this mode of payment.
 
How can one avail of ECS Facility?
Please complete the mandate registration form which is available under the link - Download Forms  ECS Mandate Form.
Please attach a cancelled cheque with the completed mandate form and submit to the nearest SBI Life branch.
 
What is the time taken for activation?
3-4 weeks from the date of receipt of duly completed application form with all the required documents.
 
What does this service cost me?
There is no transaction cost for premium payment through ECS. However a one time mandate verification fee may be charged by your banker during the mandate verification process.

How does ECS work?
The premium due advice will be sent to our vendor in advance who will arrange to debit the premium due to the policy holders bank account. The amount collected will be subsequently credited to our account. All ECS transactions are routed through RBI.
 
Do I get any Value added services?
Yes. A SMS intimating your premium due will be sent to you prior to the due date. After the actual transaction a SMS intimating the success or failure of the transaction will also be sent to you. To avail this service please provide your Mobile number in the mandate form.
 
Do I get a receipt for my ECS premium payments?
Yes. Subsequent to realization of the premium amount from the respective bankers an official receipt will be sent to you
 
Can I cancel this facility if once availed?
You can cancel this facility by submitting your request for cancellation at least 30 days prior to the due date.
 
Helpdesk
For any queries you may contact at: 1800 229090
e-mail at info@sbilife.co.in or ecshelpdesk@sbilife.co.in
 
ECS Locations
 
ECS LOCATIONS
Agra Gulbarga Nashik
Ahmedabad Guwahati Nellore
Allahabad Gwalior Panaji
Amritsar Haldia Patna
Anand Hubli Pondicherry
Asansol Hyderabad Pune
Aurangabad Indore Raipur
Bangalore Jabalpur Raichur
Belgaum Jaipur Rajkot
Bhavnagar Jallandhar Ranchi
Bhopal Jammu Salem
Bhilwara Jamnagar Shimla
Bhubaneshwar Jamshedpur Shimoga
Bijapur Jodhpur Sholapur
Bikaner Kakinada Surat
Burdwan Kanpur Tirupur
Chandigarh Kochi Tirupati
Chennai Kolhapur Trichy
Coimbatore Kolkata Trichur
Cuttak Kota Tumkur
Davangere Kozhikode Trivandrum
Dehradun Lucknow Udaipur
Delhi Ludhiana Udipi
Dhanbad Madurai Vadodara
Durgapur Mandya Varanasi
Erode Mangalore Vijayawada
Gadag Mumbai Vizag
Gangtok Mysore  
Gorakhpur Nagpur  
 
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