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.