Affordable online life insurance. Pay Premium Online - Life Insurance Premium Payment Options, HDFC Life

Other Options

Now pay renewal premiums for your “In force” Policy by cheque or DD at any HDFC Bank branch during the bank’s working hours. Online life insurance.

Click here to locate your nearest HDFC Bank branch.

Cheques/Demand Drafts must be drawn in favour of HDFC Life Policy No. XXXXXXXX.

Please mention your name, contact number and email ID on the reverse side of the cheque/DD to help us contact you if required

Send cheques or demand drafts to any HDFC Life branch through post or courier.

Cheque or demand draft payments are accepted between 9.30 am to 3.30 pm from Monday- Friday and between 9.30 am to 1.00 pm on Saturday. Branches are closed on Sundays, national holidays and region- specific holidays.

Instructions

Cheques/ Demand Drafts must be drawn in favour of HDFC Life Policy No. XXXXXXXX. Please also mention your name, contact number and email ID on the reverse side of the cheque/DD to help us contact you if required.

Kindly submit the Declaration of Relationship for Third Party Payment in case the premium is paid by a person other than the Policy Owner (Third party relations). Acceptable third party relationships include grandparents, parents, siblings, spouse and children. Also If the payer is an NPO (Non Profit organisation) like an NGO/charitable trust, the relevant portion of the Third party declaration needs to be filled. Click here to download the KYC form..

For premium payment above INR 1,00,000, a copy of the identity and residence proof of the payer needs to be submitted.

Cheap medical insurance

For cheque/ Demand Drafts payments equal to and above INR 50,000/-, submit a copy of your PAN card In case you have already submitted the same and there is no change in the details, kindly quote the same on the reverse side of the cheque (The provisions of the Income tax Act, 1961, casts an obligation of quoting the PAN on the person entering into the transactions for payment of life insurance premium aggregating to INR 50,000 or more in a year). In the absence of PAN details, please provide Form 60 (as applicable).

As per RBI guidelines, non- MICR cheques may not be acceptable at a few locations.

For unit linked plans, the NAV applicable will be determined by the date and time when HDFC Life receives the payment subject to the cut- off rules followed by HDFC Life in accordance with IRDAI. The current cut- off timing for same day’s NAV is 3pm IST.

Auto Pay

Add/register HDFC Life as a beneficiary to facilitate renewal payments regularly through Netbanking

Click here to view the process of registration through HDFC Bank

Kindly verify the Policy Type (Unit Linked/Conventional) before paying the premium. To know your policy type, please refer to your policy document.

You can pay premiums for “In Force” (active) policies only, before the premium due date.

Please ensure that the amount paid by you is exactly as mentioned in your Renewal Premium Notice or Premium Reminder.

Return of premium term life insurance

Once the payment is successful, the premium receipt will be sent to your communication address or email ID registered in our records.

For unit linked plans, the Net Asset Value (NAV) applicable will be determined by the date and time when the payment is received, subject to the cut-off rules followed in accordance with IRDAI. The current cut-off timing for the same day's NAV is 3pm IST.

No extra charges will be payable by you.

Disclaimer - Kindly ensure that there is NO third party payment made through NEFT, E-Collect or eCMS except for the permissible third party relationships which include Spouse, Parents, Children, Grandparents and Siblings.

Opt for auto debit of renewal premiums with a Standing Instructions Mandate if you have an account with HDFC Bank anywhere in India.

Click here to download Standing Instructions Mandate

For unit linked plans, the NAV applicable will be determined by the date and time when HDFC Life receives the payment subject to the cut- off rules followed by HDFC Life, in accordance with IRDAI. The current cut- off timing for same day's NAV is 3pm IST.

NACH is an automated facility which debits the premium from the bank account specified by you, on the premium due date.

The best term life insurance

To avail of this facility, please submit the Auto Debit Mandate along with a cancelled cheque (which helps us record your bank’s MICR code- see image) at any HDFC Life branch or hand it over to your Financial Consultant.

For unit linked plans, the NAV applicable will be determined by the date and time when HDFC Life receives the payment subject to the cut- off rules followed by HDFC Life in accordance with IRDAI. The current cut- off timing for same day’s NAV is 3pm IST.

Pay premiums using your HDFC Bank credit card. Submit the Credit Card Mandate along with a clear photocopy of the front side of the credit card at any HDFC Life branch.

Click here to download the Credit Card Mandate

For unit linked plans, the NAV applicable will be determined by the date and time when HDFC Life receives the payment subject to the cut- off rules followed by HDFC Life in accordance with IRDAI. The current cut- off timing for same day’s NAV is 3pm IST.

rates-life-insurance.com
Overall rating page: 4.5 / 5 left 102 people.

Posted by at 08:24AM

Tags: affordable online life insurance, life insurance through company, term life insurance quotes online, death insurance, building insurance, life insurers, single premium life insurance, cheap medical insurance, the best term life insurance, return of premium term life insurance

Comments

There are no comments for this post "Pay Premium Online - Life Insurance Premium Payment Options, HDFC Life". Be the first to comment...

Add Comment