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HDFC Life Online Payment

HDFC Life provides a wide range of options to its customers to pay their insurance premium. Customers can pay their premium with ease using a credit card, via online accounts or over the phone. They can make HDFC life premium payments 24/7 from the comfort of their home with or without registering. HDFC Life also gives them an opportunity to get premium due date alerts and reminders and alerts. Customers also have the facility to earn reward points, and avail of cashback offers when making HDFC Life online payments using any of their services.

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What are the Benefits of Using HDFC Life Online Payment?

Here is how HDFC Life premium payment is convenient, fast and usually costs you less.

  • Fast – The HDFC life online premium payment process is fast and convenient. It saves time by not waiting in queues to make the payment. Moreover, it only takes a few moments to get processed.

  • Accessible Anytime and Anywhere – Policyholders can authorize and make HDFC life online payments 24/7, as the internet can be accessed anywhere and anytime.

  • Convenient – Customers can register their bank accounts with the service provider and can decide in advance the date on which they want their HDFC Life online premium payment to be debited from their account.

  • Free of Cost – The HDFC life online payment facility is entirely free of cost on the website or the mobile app. There are no service charges levied when the HDFC life premium payments are made through net banking option.

  • 24/7 Assistance – The insurance company website has a live chat facility where customers can seek assistance or clarification in case of any doubt.

  • Secure Transactions: Transactions made on the company’s official website or platforms like Policybazaar are completely safe as they offer a secure payment gateway. No third party can access your information and details.

  • Various Payment Modes: You can choose to pay the premiums via any of the suitable modes like UPI, mobile wallets, credit or debit cards.

  • Online Discounts: With Policybazaar, you can save on your premiums by availing of the online discounts.

How to Make HDFC Life Premium Payment Online?

HDFC Life online payment provides a simple and easy online facility for its policyholders to pay their policy premiums online. There are various ways to pay premiums online using credit or debit cards, Net Banking, UPI, and Bill Pay, digital wallets, along various offline and auto payment options.

Here are the various methods of making HDFC life online payments:

HDFC Life Online Premium Payment via My Account

Customers can access the official insurer website and login into the My Account section. My Account feature allows policyholders to manage their insurance policy online. Customers can log in to existing accounts or register as new customers and then take care of the payment. They can pay the premium online using Net Banking, Credit card, Debit card, wallets and other methods.

HDFC Life Online Premium Payment via 3Click HDFC Net Banking

Customers who are also HDFC account holders can pay their premium in 3 clicks through their HDFC net banking account. 

Step 1: Log in to the HDFC Net Banking account and click on the Insurance tab

Step 2: Select HDFC Life>>Renew Policies

Step 3: Enter policy no. and DOB and make HDFC life premium payment through any mode listed.

HDFC Life Online Payment through HDFC Life App

Policyholders can download the HDFC Life App from the Play Store or the App Store. They can register themselves and then login with their credentials to make the premium payment through any of the listed payment instruments.

HDFC Life Online Payment via Quick Pay

Quick Pay is a quick, secure, and hassle-free method for the online premium payment offered by HDFC Life Insurance to its customers. By using this facility, policyholders can make HDFC Life online payment of their policy premiums on various platforms in a secure and swift manner. The steps to make payments using Quick Pay are as follows:

Step 1: Visit the official insurer website and click on the Customer Service section.

Step 2: Find the 'Pay Premium' tab and click on 'Pay Premium Online.

Step 3: Customers will be redirected to the Quick Pay page.

Step 4: They need to provide their policy number and DOB.

Step 5: After entering these details, their policy information and premium due details will be displayed on the screen.

Step 6: Customers can confirm their details and make HDFC Life premium payment by any of these methods:

  • Net Banking – Customers can register for Auto debit on their bank account by providing Standing Instruction or SI while HDFC life online payments through HDFC Net banking account. Quick pay offers this facility for 44 banks.

  • Credit / Debit Cards – HDFC Life Online Premium Payment through Visa, MasterCard, Maestro, Amex, and Diners Credit cards/Debit cards are accepted on Quick Pay.

Customers need to register for Auto debit on the card by providing a Standing Instruction to the bank while paying through Visa or MasterCard.

  • EMI on a credit card or an HDFC debit card is also available.

HDFC Life Online Payment via Policybazaar

You can easily make your HDFC life online premium payment via the Policybazaar’s app or website. Here is how you can make your HDFC life premium payment online:

  • Step 1: Go to the official website or app 

  • Step 2: Click on the ‘Renewal’ tab and select ‘Life’ option

  • Step 3: Select ‘HDFC Life’ as the insurer

  • Step 4: Fill in the policy no. and DOB

  • Step 5: Proceed to pay

HDFC Life Online Payment through NACH

NACH or National Automated Clearing House is an automatic banking facility. It allows the policyholder to select the date when their due HDFC life online payment amount can be debited from their bank account.

Policyholders need to submit a cancelled cheque and the Auto Debit Mandate at an HDFC Life branch to avail of this facility.

HDFC Life Premium Payment via Credit Card Auto Debit

HDFC Bank credit cardholders, who are also policyholders, can make their HDFC life premium payments using their credit card. The bank provides an automated facility of deducting the premium amount due, on or before the due payment due date, as per the Standing Instruction, from the policyholder’s HDFC credit card.

HDFC Life Online Premium Payment via NEFT or eCMS

HDFC Standard Life policyholders can make HDFC Life online payment of premium via the NEFT (National Electronic Fund Transfer) or eCMS service. For this, they need to add or register HDFC Life as a beneficiary in their net banking account. This will ensure regular premium payments through Net banking. Customers need to choose the correct policy type and confirm the exact premium amount before making HDFC life online premium payments via NEFT or eCMS.

HDFC Life Online Payment via Bharat BillPay

Customer can now make premium payments through BBPS enabled internet Banking, BHIM, Mobile Banking and even Digital wallets. Here are the steps:

Step 1: Find Bill Payment. Click on the tab for Bharat BillPay/Pay Bills.

Step 2: Select Insurance>> HDFC Life.

Step 3: Provide the Policy Number and DOB details.

Step 4: Confirm the premium details and proceed with the premium payment using any of the available options.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Other HDFC Life Online Premium Payment Modes

Other modes of making HDFC life online payments are as follows:

  • PayTM – HDFC Life premium payment can also be made online through PayTM App/website using net banking, cards, UPI or wallet.

  • NSDL Platform – EIA or e Insurance Account holder customers can pay their HDFC Life renewal premium through the NSDL platform.

How to Make HDFC Life Premium Payment Offline?

Here is how you can make HDFC life premium payments offline:

HDFC Life Premium Payment by OTC (Walk-in)

You can make the HDFC life premium payments by visiting the company branch and dropping a cheque or DD drawn in favour of HDFC Life Policy No. —-, along with your name, contact no., and email mentioned at the back of the cheque.

HDFC Life Premium Payment by BBPS (Offline)

You can visit the nearest BBPS retailer or outlet and make HDFC life premium payments by cash for up to 49,999 at the transactional level and up to 1 Lakh at the client level.

HDFC Life Premium Payment by Cheque Pick-up

You can schedule a cheque pick-up at your preferred address by calling the company’s helpline number 1860-267-9999 between Monday to Saturday from 10 AM to 7 PM.

HDFC Life Premium Payment by Post or Courier

You can mail the HDFC life premium payment amount by post or courier to the nearest company branch.

About HDFC Life Insurance Company

With a CSR of 98.66%, HDFC life insurance is one of the most trusted insurance providers in India. You can get a variety of plans like protection, savings, retirement, pension, and health plans. You can go through the company’s list of plans and select the most suitable plan that fits your financial needs.

Difference between HDFC Life Online and Offline Payment Process

HDFC Life online payment for premium is conducted completely online on the insurer or the insurance aggregator’s website or the HDFC Life app. It requires internet access and online banking details. Individuals initiate and complete the payment through an online payment gateway. The whole process is online and virtual but results in the transfer of funds to the insurer.

The offline payment for insurance premium can be made at HDFC bank branches or their local insurance offices. Customers can make payments through cheques and DDs. The customers have to be manually present at the bank or the branch office to make the payment. The process can be time-consuming when a queue of people is there to make the payment. Also, centres offering offline payments are not open 24 X 7, and users have to visit them as per scheduled timings.

Information required while Making HDFC Life Online Payment

The following is the necessary information required while using the online process of premium payment:

  • If the HDFC Life online payment is made on the HDFC website before 3 p.m., receipts will be available the same day. However, for payments made after 3 p.m., the receipt will be available the next working day under the ‘My Account ‘section.

  • Policyholders can make payment for advance premium within the same financial year for any premium due in that financial year.

  • For any premium amount, whose payment is due in the next financial year, one can make the payment 3 months before the premium due date. (*Standard T&C Apply)

  • HDFC policyholders belonging to Maharashtra can use Maha Online Payment Gateway, while those in MP can use MP Online Payment Gateway. Similarly, HDFC Insurance policyholders in Andhra Pradesh are eligible to pay through the AP online payment gateway.

  • For Credit Card Auto Debit, policyholders need to submit the photocopy of the front side of their credit card and the Credit Card Mandate at any HDFC Bank branch.

  • Premiums can only be paid for policies that are active.

  • Customers can download premium payment receipts after they pay the premium.

FAQs

  • Why do I need to provide a cancelled cheque to the insurer while doing HDFC life online payment?

    Ans: The cancelled cheque will be required to record the MICR code of the bank in which you hold the account. This will be used for the auto-debit of the HDFC life premium payment.
  • Is HDFC life online premium payment mode safe?

    Ans:Yes, HDFC Life online premium payment is perfectly safe, secure and done over an encrypted platform.
  • Do I need to submit my PAN details for making HDFC life premium payment at the branch?

    Ans:No. Only if you make any transaction of more than Rs. 50 000, you would be required to submit your PAN details at the back of the DD or the cheque.
  • What is a ‘Standing Instruction’ in HDFC life online payment?

    Ans:Policyholders can ensure that they make timely HDFC life online premium payments by using the auto-debit feature. This can be done by issuing standing instructions to the bank. Under this feature, the premium amount due will be auto-debited on or before the payment due date from their bank account.
  • Can only one mandate be used for multiple policies?

    Ans:No, for each policy, the policyholder has to provide a separate mandate.
  • Can a mandate be rejected in any situation?

    Ans:There are many reasons listed with banks for the rejection of the mandate. The most common one is the customer signature mismatch.
  • Are there any charges for HDFC life premium payment through Bill Presentation?

    Ans:No, the HDFC life premium payment through bill presentation service is free of charge for customers.
  • How to calculate the term insurance premium online?

    Ans: You can easily calculate the term insurance premium online by using the term insurance premium calculator online tool
  • What are the benefits of term life insurance?

    Ans: Here are 4 common term insurance benefits:
    • Low premium rates
    • Tax Benefits
    • Death Benefit
    • Long term coverage
  • What is term life insurance?

    Ans: Let's understand what is term life insurance here. Term insurance offers financial protection for a certain period to the policyholder, thereby, offering a lump sum payout if the policyholder unfortunately passes away during the policy term.
  • What are the key features of a best term insurance plan in India?

    Ans: Below mentioned are the key features of a best term life insurance in India:
    • Affordable premium rates
    • Long-tenure life protection
    • Easy to understand and buy
    • Riders availability
    • Whole life protection
    • Tax benefits

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Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

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