HDFC Life Insurance Online Payment

Updated: 01-09-2023 10:59:57 AM

Established in the year 2000, HDFC Standard Life Insurance Company is a trusted name in India’s insurance market. Headquartered in Mumbai, the company has marked its presence in over 980 cities with more than 400 branch offices. The company offers wide range of insurance products ranging from savings, retirement plans to health and group plans. The insurance company follows a customer-centric approach to make its services convenient and hassle-free. One  such service is the online facility to pay one’s insurance premium.

How to Use Facility of HDFC Life Insurance Online Payment

HDFC Life provides multiple ways for a customer to pay the premium for an insurance policy. Moreover, online payment is easy, quick and safe and thus, often preferred by most of the customers. The following steps are required to make an online payment:

• Open the official website of HDFC Life
• Click on ‘Customer Service’ and choose ‘Quick Pay’ from the drop down box
• When you click on the option, you will be redirected to a new page wherein, you will have to provide your ‘Policy Number’ and ‘Date of Birth (DOB)’ to proceed further and pay the premium.

Paying premium online is fairly easy and simple. With a few simple clicks, one can pay the premium.

Other Modes to Pay Premium

Undeniably, HDFC Life Insurance Online Payment is an easy way of paying premium but there are several other methods through which you can make payment too. Refer to the following table to know more about those methods:

Mode of Premium Payment
Auto Pay	eCMS/NEFT
	Standing Instructions (SI) Mandate
	NACH Service
	Credit Card Auto Debit Facility
Other Options	Pay at HDFC Life Branch
	Pay at HDFC Bank Branch
	Drop Boxes
	Bill Pay –Electronic Bill Presentment and Payment (EBPP)
	Axis Bank
	Automated Voice-Guided Payment
	By Post or Courier
	MP Online
	AP Online
	Common Services Centres (CSC)
	Maha Online
	Cheque Pick-Up
	M-Swipe

Pay Premium through a Mobile App

HDFC Life has designed this app to fulfil multiple objectives. From purchasing a new policy to making HDFC Life insurance online payment for an existing one, this mobile app gives a hassle-free platform to the users. Here are the key highlights of this mobile app:

• Buy an Insurance Policy Online: The mobile app provides complete comprehensive list of insurance plans to its customers. People can compare, choose and buy the best-suited plan for themselves and their loved ones.
• Make Premium Payment Easily and Quickly: Not everyone has enough time to visit the branch to pay the policy premium. They can skip those time-taking modes and can make HDFC Life insurance online payment quickly through this app.
• Track Application: One can check the progress of their application with the help of this mobile app. This mobile app has made application status tracking easier.

Additional Features of HDFC Life Mobile App

HDFC Life aims to make insurance policy-related activities easy and hassle-free. This mobile app helps to make HDFC Life Insurance online payment effortlessly and offers the following additional features to the users:

• Update documents
• Expert assistance
• Fund performance
• Insurance claims
• e-Doc vault
• Nearest branch locator

Insurance Policies Available for Online Purchase

Not all policies are available for online purchase. Look at the following options available under this category:

Name of the Plan	Type of the Plan	Policy Term	Entry Age	Maturity Age	Sum Assured
Click 2 Protect Health	Health plan	5-40 and 50 years (option 1)   Whole life (option 2)	18-65 years (option 1)   25-60 years (option 2)	23-75 and 85 years (option 1)   Whole life (option 2)	Rs. 10 lakh
HDFC Life Click 2 Protect 3D Plus		5-40 and 50 years (option 1)   Whole life (option 2)	18-65 years (option 1)   25-65 years (option 2)	23-75 and 85 years (option 1)   Whole life (option 2)	Rs. 10 lakh
HDFC Life Cancer Care Plan	Health plan	10-20 years	18-65 years	28-75 years	Rs. 10 lakh
HDFC Life Easy Health Plan	Health plan	5 years	18-65 years	23-70 years	As per the policy rules
HDFC Life Cardiac Care	Health plan	5 years and 5-40 years	18-65 years	23-70 and 75 years	Rs. 2 lakh
HDFC Life Click 2 Invest – ULIP	Protection plan	5-20 years	0-65 years	18-75 years	7 and 10 times annualised premium
HDFC Life Click 2 Retire – ULIP	Retirement plan	10, 15-35 years	18-65 years	45-75 years	–
HDFC Life Classic One	Savings plan	10-50 years minus entry age (for single life)   10-90 years minus entry age (for joint life)	0-40 years (option 1)   18-80 years (option 2)	18-50* years (option 1)   28-90* years (option 2)	As per the policy rules

Other insurance policies are not available for online purchase, but premium for those policies can be paid online through above-listed methods. For purchase, one may contact HDFC Life on their contact numbers, write them on their email ID or directly visit the nearest branch office for assistance.

Also Read: HDFC Life Policy Status

FAQs

Q1. Can a policy owner change his/her name in the policy?

For any sort of change, rectification or correction in the name, a policy holder needs to submit the ‘Policy Servicing Request Form’ along with the original policy document and copies of ID proof at any branch of HDFC Life. One can download the form from the official website of HDFC Life.

Q2. How to avail loan against an insurance policy?

If an insurance policy has attained the surrender value, the insured can avail the facility of ‘Policy Loan’ which is basically a percentage of the policy’s surrender value. The policy holder can take the loan for single as well as regular premium, traditional and Unit Linked Insurance Policies (ULIPs). For documentation, contact HDFC Life.

Q3. How to reset the password of ‘My Account’?

One can easily reset the password if they do not remember the last password they entered. Click on ‘Forget Password’ option and follow the below-mentioned easy steps:

• Enter your ‘User ID’ or ‘Client ID’ or ‘Registered E-mail ID’ and click on ‘Forget Password’ button
• Security question will appear on the screen, answer and submit it
• An auto-generated mail (link) with your ‘User ID’ and ‘New Password’ will be sent to your registered email ID. Click on it and avail the services of your ‘My Account’.

Q4. What is the meaning of ‘Partial Withdrawal’?

A number of Unit Linked Insurance Plans (ULIPs) offer the policy holder an option to make lump sum withdrawals at any time during the ‘In-Force’ and ‘Paid-Up’ status of an insurance policy. However, it is important to refer to the policy documents to know the charges applicable and eligibility criteria for the partial withdrawal.

Q5. How to get ‘Partial Withdrawal’ facility?

A policy owner can avail the facility by submitting a duly signed and filled ‘Partial Withdrawal Request Form’ along with address and identity proof at any branch office of HDFC Life. However, NEFT documentation is compulsory to avail this facility. The request submitted by the insured will be processed as per the policy features and norms.

Q6. What is ‘Standing Instruction’ and how to avail it?

‘Standing Instruction’ is a method to pay the renewal premium amount for an insurance policy. This facility is available for those who hold an account with HDFC Bank anywhere in the country. To avail the benefits of this service, one has to submit a duly filled and signed ‘Auto Debit Mandate’ at any branch office of HDFC Life at least 1 month or 30 days before the due date of premium payment.