What are the Features and Benefits of Using HDFC Life Insurance Premium Payment Online?
Here is how HDFC Life premium payment is convenient, fast and usually costs you less.
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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.
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Accessible Anytime and Anywhere – Policyholders can authorize and make HDFC life online payments 24/7, as the internet can be accessed anywhere and anytime.
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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.
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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.
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24/7 Assistance – The insurance company website has a live chat facility where customers can seek assistance or clarification in case of any doubt.
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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.
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Various Payment Modes - You can pay the premiums via any suitable mode, such as UPI, mobile wallets, or credit or debit cards.
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Online Discounts: With Policybazaar, you can save on your premiums by availing of the online discounts.
How do you make an HDFC Life Insurance Premium Payment Online?
HDFC Life online payment provides a simple and easy facility for its policyholders to pay their premiums online. There are various ways to pay premiums online, such as using credit or debit cards, net banking, UPI, bill pay, digital wallets, and 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 and then log in 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:
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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.
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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.
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:
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Step 1: Go to the official website or app
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Step 2: Click on the ‘Renewal’ tab and select ‘Life’ option
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Step 3: Select ‘HDFC Life’ as the insurer
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Step 4: Fill in the policy no. and DOB
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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:
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PayTM – HDFC Life premium payment can also be made online through PayTM App/website using net banking, cards, UPI or wallet.
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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.
By choosing HDFC life insurance premium payment, policyholders can ensure a seamless and flexible experience in managing their insurance policies.
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 premium payment is conducted completely online on the insurer's 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.
Offline payments for insurance premiums 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:
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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.
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Policyholders can pay advance premiums within the same financial year for any premium due in that year.
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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)
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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.
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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.
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Premiums can only be paid for active policies.
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Customers can download premium payment receipts after they pay the premium.
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