*Please note that the quotes shown will be from our partners

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 premium payments online 24x7 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 insurance online payments using any of their services.

Benefits of Using Online Payment Process

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

  • Fast – Online payment process is fast and convenient. It saves time by not waiting in queues for making the payment. Moreover, it only takes a few moments to get processed.
  • Accessible Anytime and Anywhere – Policyholders can authorize and make payments 24 X 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 account to be debited.
  • Free of Cost – The facility is entirely free of cost when payments are made on the official website or the mobile app. There are no service charges levied on the through net banking option.
  • 24 X 7 Assistance – The insurance company website has a live chat facility where customers can seek assistance or clarification in case of any doubt.

Steps to Pay 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 online premium payment:

Online 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.

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 the payment through any mode listed.

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.

Online Payment via Quick Pay

Quick Pay is a quick, secure, and hassle-free method for the online premium payment offered by HDFC Life 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 the 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 paying premiums through HDFC Net banking account. Quick pay offers this facility for 44 banks.
  • Credit / Debit Cards – Payment through Visa, MasterCard, Maestro, Amex, and Diners Credit cards is accepted on Quick Pay. Similarly, payment through Visa, MasterCard, and Maestro, Rupay, and Diners Debit cards is 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.

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 premium amount due can be debited from their bank account for premium payment.

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

Credit Card Auto Debit

HDFC Bank credit cardholders, who are also policyholders, can make their 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. 

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 the premium payment via NEFT or eCMS.

Other Online Modes

Other modes of making payment online 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.
  • 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.

Difference between 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 using the Online Process of Premium 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

Written By: PolicyBazaar - Updated: 15 April 2021
You May Also Want to Know About
How to Check LIC Policy Status, Details, Statement via Online/SMS/Call
How to Check LIC Policy Status, Details, Statement via Online/SMS/Call Last year, Mr. Rajiv Verma bought a Child LIC policy to provide financial security for his kid’s future. However, due to time constraints or negligence, he forgot to pay its ...
LIC Online Payment - A Complete Guide
LIC Online Premium Payment India’s only public sector investor, LIC is the most recognized and trustworthy name in the Indian life insurance domain. With its broad variety of worthwhile life insurance instruments categorised across different s...
How to Check PLI Status?
How to Check PLI Status? Dating back to February, 1884, PLI (Postal Life Insurance) is one of the oldest life insurers in the country. Started as a welfare scheme to provide benefits to the employees of the Postal department, PLI has really come...
LIC Login Online: LIC Customer Login Process at Online Portal
LIC Login: LIC Customer Login Process at Online Portal The LIC login portal is user-friendly and the customers can easily avail the online facilities at the comfort of their homes or offices from anywhere in the world. All you need to do is crea...
Life Insurance: Checking Policy Status
Life Insurance: Checking Policy Status Buying life insurance policy is the first step towards building a corpus amount for the future. It takes many permutations and combinations to actually choose a life insurance policy, analyzing its benefits...
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL