HDFC Standard Life Insurance Online Premium Payment

HDFC Standard Life is a top player in the private life insurance industry. The company offers easy avenues for customers to make their online payments. This allows customers to make their payments easily without having to visit a branch office.
More

About HDFC Standard Life

One of the veteran leaders in the Indian life insurance space is HDFC Standard Life. The company was established in 2000 following a partnership between HDFC (Housing Development Finance Corporation Ltd.), India's most well-known housing finance company, and Standard Life Aberdeen PLC, a leading UK-based investment company. HDFC Standard Life Insurance is among the leading providers of long-term life insurance solutions in India which currently offers a wide selection of not only individual but also group insurance plans in various categories like savings, protection, retirement planning, investment, health, and more. With 414 branches and 139 partner tie-ups, HDFC Standard Life caters to a large customer base and is constantly pushing the boundaries of excellence in the life insurance space.

HDFC Standard Life Online Premium Payment Options

When it comes to life insurance, making timely premium payments for your policy is extremely important. If you miss a premium payment, your policy is in danger of lapsing and you can end up losing coverage altogether. To prevent this from happening, HDFC Standard Life has set up a simple and easy online premium payment facility using which policy holders can conveniently pay their policy premiums online.

Online payment via Quick Pay

To offer their customers a hassle free online premium payment experience, HDFC Standard Life has introduced Quick Pay. This facility can be used by policyholders on various browsing platforms and enables one to make their policy premium payments in a secure and swift manner. The steps to make payments using Quick Pay are as follows:

  • Go to the HDFC Standard Life website and click on the Customer Service section.
  • Next, you will be redirected to the Customer Service page where you can find the tab labelled ‘Pay Premium’.
  • On this tab, click on ‘Pay Premium Online’ and you will be redirected to the Quick Pay page.
  • Next, you will need to provide your policy number and your date of birth following which your policy details and premium due details will be displayed on the screen.
  • Confirm your details and make the premium payment.

Online payment via Auto Pay

eCMS/NEFT

  • HDFC Standard Life policyholders can make premium payments online via the NEFT (National Electronic Fund Transfer) or eCMS service. To do so, they will be required to add or register HDFC Life as a beneficiary in their net bank account.
  • Before making premium payment via NEFT/eCMS, ensure that you have chosen the correct policy type.
  • Premiums can only be paid for policies which are active.
  • Confirm your due premium amount and pay exactly that.
  • After you have made the payment, you will receive a premium receipt which will be either emailed to your registered email id or sent to your registered address.

Standing Instruction (SI) Mandate

  • Policyholders who have an HDFC Bank account can also ensure timely premium payments using the auto-debit feature by issuing standing instructions.
  • The premium amount due will be auto-debited from your bank account on or before the due date of payment.
  • To pay premiums via standing instructions, download the Standing instructions Mandate from the HDFC website.

NACH (National Automated Clearing House)

  • NACH is an automatic facility wherein the policyholder can choose to have the due premium amount debited from their chosen bank account on the due date of payment.
  • To avail of this option of premium payment, policyholders will be required to submit the Auto Debit Mandate and a cancelled cheque at an HDFC Life branch.
  • The cancelled cheque will be required to record the MICR code of the bank in which the account is held for the purpose of premium auto-debit.

Credit Card Auto Debit

  • Policyholders who are also HDFC Bank credit card holders can easily make their premium payments using their said credit card.
  • This is also an automated facility wherein the premium amount due will be deducted from the policyholder’s HDFC credit card around the due payment date.
  • To avail of this facility, the policyholder must submit the Credit Card Mandate and a photocopy of the front side of their credit card to an official at an HDFC Bank branch.

Other Premium Payment Options

HDFC Bank/HDFC Life Branch

  • Policyholders can pay their HDFC Standard Life policy premiums via cheque or demand draft at any HDFC Life branch across India.
  • Policy renewal premiums can be paid via demand draft or cheque at any HDFC Bank branch across India.
  • In both cases, the demand draft or cheque must be drawn in favour of ‘HDFC Life Policy No.*insert policy number*’.
  • For premium payments above Rs.50,000 being made via cheque or demand draft, the policyholder will be required to provide their PAN Card details.
  • For premium payments equal to or more than Rs.1 lakh, the policyholder will be required to provide a copy of their ID proof and residence proof.

Axis Bank Branches

Policyholders can also make their renewal premium payments for active policies at Axis Bank branches via demand draft or cheque. If payment is being made via cheque or demand draft, the same must be drawn in favour of HDFC Life Policy No.*insert policy number*. After making the payment successfully, the policyholder will receive a receipt for the same from the bank.

Bill Pay - EBPP (Electronic Bill Presentment & Payment)

  • The Bill Pay – EBPP service allows policyholders to make premium payments online using their preferred bank account.
  • After the payment has been made successfully, the policyholder will receive an electronic premium statement and alert.
  • This service can be availed free of charge and allows the policyholder to view their entire payment history at a glance.
  • To use this service, policyholders must register on their bank’s website.
  • The Bill Pay service can only be used to make premium payments for life insurance policies which are in-force.

Automated Voice Guided Payment

  • HDFC Standard Life also allows payment of renewal premiums via their Automated Voice Guided Payment system.
  • To avail this service, policyholders need to call on the HDFC Standard Life helpline number i.e. 1860 267 9999. This number will be reachable from 10:00 AM to 7:00 PM, Monday to Saturday.
  • Once you have dialled the helpline number, choose the language in which you would like to receive the instructions.
  • Next, you will be given a list of instructions using which you can make your premium payment using a MasterCard, Diners, or VISA credit card.
  • Premium payment using this method will only be allowed for policies which are in-force.

MP Online/Maha Online/AP Online

  • Via MP Online, policyholders based in Madhya Pradesh can pay renewal premiums for active HDFC Standard Life policies.
  • Via AP Online, all Andhra Pradesh-based policyholders can pay renewal premiums for active HDFC Standard Life policies.
  • Via Maha Online, all Maharashtra-based policyholders can pay renewal premiums for active HDFC Standard Life policies.
  • Each of these online portals can be used to make premium payment in cash for amounts up to Rs.49,999.
  • For every successful premium payment, the policyholder will receive a premium payment acknowledgement.

Drop Boxes

  • Policyholders can also make premium payments by dropping their payment cheques or demand drafts in the drop boxes which have been installed at several locations across cities.
  • The cheques or demand drafts must be drawn in favour of HDFC Life Policy No.*insert policy number*.
  • For premium payments equal to or more than Rs.1 lakh, the policyholder will be required to provide a copy of their ID proof and residence proof.
  • For premium payments above Rs.50,000 being made via cheque or demand draft, the policyholder will be required to provide their PAN Card details.

Common Service Centres (CSC)

Policyholders can also make renewal premium payments for in-force policies easily at CSC or Common Service centres which are located across India. Premium payments at CSCs can be made for amounts up to Rs. 49,999.

Via Courier/Post

  • Customers who do not have any HDFC Standard Life branch near them can make premium payment via cheque or demand draft and post/courier the same to any HDFC Life branch.
  • For payments made via this method, policyholders must ensure to draw the cheque/DD in favour of ‘HDFC Life Policy No.*insert policy number*’.
  • For premium payments equal to or more than Rs.1 lakh, the policyholder will be required to provide a copy of their ID proof and residence proof.
  • For premium payments above Rs.50,000 being made via cheque or demand draft, the policyholder will be required to provide their PAN Card details.
  • Payments via cheque/DD will be accepted from Monday to Friday, between 9:30 AM to 3:30 PM. Timings for Saturday are between 9:30 AM to 1:00 PM.

Cheque Pick-up

Customers who may not be able to make premium payments physically, can request for a cheque pick-up. Under this service, the customer can call on the HDFC Life helpline number i.e. 1860 267 9999 and request for a cheque pick-up. This service is available from 10:00 Am to 7:00 PM, Monday to Saturday. This service is currently provided in only select areas.

M-Swipe

  • Customers can also make premium payments at any HDFC Life branches by swiping their credit or debit card using the M-Swipe facility.
  • This facility for premium payment will be available during all business hours at HDFC Life branches.
  • For premium payments equal to or more than Rs.1 lakh, the policyholder will be required to provide a copy of their ID proof and residence proof.
  • Axis Bank and ICICI Bank credit card holders may avail the EMI option using M-Swipe for premium payment.
  • For premium payment, American Express/Master/Maestro/Visa/RuPay debit and credit cards will be accepted.
 4.5 / 5.0   by 19782 users
Used this product? Write a review >>

Fees & Charges

Promised Interest Rate

Plan Benefits

Payment Options

Policy Coverage

Customer Service

Responsiveness

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

HDFC Standard Life Insurance Online Premium Payment Reviews

Page 1 of 50 1 2 3 4 5
  • LIC Life Insurance
    "Good insurer"
    0.5 4.0/5 "Great!"
    I have taken a life insurance in LIC on five years before. The policy is for 20 years. I am paying premium in the quarterly package the amount which is nominal for me. While getting a policy the agent has given an information about the policy details.
    Was this review helpful? 0
    , ranchi
    Reviewed on Dec 13, 2019
  • LIC
    LIC Life Insurance
    "Good "
    0.5 5.0/5 "Blown Away!"
    On 10 years before, I took life insurance policy for my spouse in LIC with tenure period of 15 years. Since its money back policy, 5 years once I got amount of 5K which I have received for twice . I use to pay premium on quarterly basis of the amount of 3087 rupees which is nominal. The agent has given an information about the policy details and provided hard copy of documents on time.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 13, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC on 9 years before. Tenure period of 15 years. I am paying premium on half yearly package the amount of 6490 rupees which is nominal. The agent has given an information about the policy details. It covers myself and the policy name is Jeevan Anand.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 13, 2019
  • LIC Life Insurance
    "Moderate service"
    0.5 5.0/5 "Blown Away!"
    I have taken Life Insurance policy directly through LIC agent .This was a maturity benefit policy for the tenure of 21 years.I am paying the premium on monthly basis .I am paying the premium through online .This policy is still alive and all the details about the policy was clearly explained by the agent.
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 13, 2019
  • HDFC Life Life Insurance
    "Worst Life Insurance Company Ever"
    0.5 0.5/5 "Unacceptable"
    HDFC Life is one of the worst companies you would want to take your life insurance from. I am writing this review with my personal experience + experiences of some other users who purchased the policy. They are running a scam where about 1 yr after issuing your policy, they automatically cancel it, citing "non disclosure of pre-existing illness" as the reason. The same thing happend with me and many others. I have no such reported illness of any kind. And even if I had, why was the policy issued in the first place? Upon my request to provide an explanation or more detail about this 'illness', no respone was given to me, neither by HDFCLife nor by Policybazaar, through which I had purchased this policy. I was cheated of my one-year premium amount and my policy was lapsed. If you are at all serious about preserving your mental and financial well-being, do not go anywhere near any of these two companies. They are the biggest fraud in the life insurance market.
    Was this review helpful? 0
    , jaipur
    Reviewed on Dec 13, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I have taken Life Insurance policy directly through LIC agent .This was a maturity benefit policy for the tenure of 15 years .This policy is still alive and got all the relevant details about the policy through the agent .The policy documents was shared on time .I am comfortable with the service.
    Was this review helpful? 0
    , bangalore
    Reviewed on Dec 12, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 5.0/5 "Blown Away!"
    I have taken Life Insurance policy which was taken through LIC agent.This was an endowement policy and paying the premium on yearly basis .The policy tenure is for 15 years and paying the premium through the agent .This policy is still active and i am comfortable with the service .
    Was this review helpful? 0
    , pune
    Reviewed on Dec 12, 2019
  • Bajaj Allianz Life Life Insurance
    "budget Plans"
    0.5 5.0/5 "Blown Away!"
    Bajaj Allianz life insurance is very flexible. I have taken a policy. The Premium was given as per my budget. Plans and benefits are great, If anyone wants to go a life insurance my first suggestion will be Bajaj Allianz life insurance. Thanks
    Was this review helpful? 0
    , chennai
    Reviewed on Dec 12, 2019
  • LIC Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    I took my life insurance policy from LIC around 5 years back and this policy is going to matured in the year of 2026. It was for the safety and protection for the family. I have selected the payment option as very half year and i pay the premium amount of Rs. 2000. I will give the cash to my agent and he will pay in the LIC office.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 11, 2019
  • LIC Life Insurance
    "Safe and secure policy"
    0.5 5.0/5 "Blown Away!"
    LIC policy is safe and if you have a long term policy, it will be useful. If i go to their office, the response is fine. They have a good portal to know about the payment premium amount and existing policy details. I make the premium through online. I took the money back policy and it got matured already.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 11, 2019
  • LIC Life Insurance
    "Good security policy"
    0.5 3.5/5 "Pretty good"
    In LIC website, they are updating the policy details on a timely basis. I took my retirement plan in life insurance corporation of India. For the safety purpose, i have selected this company. I am investing the money of Rs. 10K every month. I get the returns after my age of 56. This is a tax benefitable policy.
    Was this review helpful? 1
    , haridwar
    Reviewed on Dec 10, 2019
  • LIC Life Insurance
    "Service should be improved"
    0.5 3.5/5 "Pretty good"
    I have taken money back policy from LIC its because of the safety reason. I have been investing the money of Rs. 10K every month. I purchased the policy 4 years ago. They are providing the sum assured amount of Rs. 1.2 lakhs. This is a tax beneficial policy. I make the premium amount through online.
    Was this review helpful? 1
    , haridwar
    Reviewed on Dec 10, 2019
  • LIC Life Insurance
    "Good policy"
    0.5 5.0/5 "Blown Away!"
    I didn't use the customer care service till now in LIC where i have taken my life insurance policy. I'm not sure about the plan name but i pay the premium every year once. I have been paying the premium amount of Rs. 17699 and total term period of the plan is 16 years. For the savings purpose, i have chosen LIC.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 10, 2019
  • LIC Life Insurance
    "Best service "
    0.5 3.0/5 "Satisfactory"
    I have taken Life Insurance policy directly through LIC agent .This policy tenure is 10 years .I am paying the premium through Half yearly basis and paying the premium through Online .The agent gave a clear picture about the policy and not yet faced any difficulties .I am satisfied with the service so far .
    Was this review helpful? 1
    , mumbai
    Reviewed on Dec 10, 2019
  • LIC Life Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC since 1990. This policy term is 20 years. I am paying premium on monthly package and the amount which is nominal. I am paying premium in a cheque mode. While getting a policy my agent has given an information about the policy details and this is a money back policy.
    Was this review helpful? 0
    , kolkata
    Reviewed on Dec 10, 2019
  • LIC Life Insurance
    "Good Service"
    0.5 2.0/5 "Expected more"
    I have taken Life Insurance policy taken through LIC agent.This was a Maturiy benefit policy and each and every details was shared by the agent .This policy is still active and there was no difficulties faced as well. Overall am happy with it.
    Was this review helpful? 0
    , surat
    Reviewed on Dec 09, 2019
  • LIC Life Insurance
    "Good insurer"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC on 9 years before. Tenure period of policy is 20 years. I am paying premium on quarterly package the amount of 3K which is nominal. Agent is my neighborhood so he has given an information about this policy. It covers my whole family.
    Was this review helpful? 0
    , pune
    Reviewed on Dec 09, 2019
  • LIC Life Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance in LIC on 3 years before. The policy is for 16 years. I am paying premium on monthly package the amount of Rs. 17k which is nominal. I am paying premium manually. While getting a policy my agent has given an information about the policy details. It covers myself. It is a jeevan anadha policy
    Was this review helpful? 0
    , chennai
    Reviewed on Dec 09, 2019
  • LIC Life Insurance
    "Good Investment plan"
    0.5 5.0/5 "Blown Away!"
    LIC plan is a savings cum income plan and i get the good returns in future. Its covers for life. I took the policy through agent who is my relative recommended me about this policy. My father is taking care of the premium part hence I'm not sure about the coverage value.
    Was this review helpful? 1
    , bangalore
    Reviewed on Dec 08, 2019
  • LIC Life Insurance
    "Best policy"
    0.5 5.0/5 "Blown Away!"
    I have taken a life insurance policy from LIC more than 5 years.The agent is very supportive and providing proper guidance and this is a JEEVAN ANAND policy. Policy is valid for life long and the tenure is 20 years after some years. I am paying annual premium is Rs.24k, this is a death benefit plan after that my wife will be getting some returns.
    Was this review helpful? 0
    , chennai
    Reviewed on Dec 07, 2019
Common Loader Icon
Page 1 of 50 1 2 3 4 5
reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.