HDFC Term Insurance Premium Payment

HDFC term insurance premium payment process has been made a hassle-free experience by HDFC Life. Policyholders are offered an uncomplicated payment experience to simplify the process by choosing from several payment channels provided by the company. Whether you enjoy online techniques or offline modes, HDFC Life guarantees easy and safe premium payments.

Steps Involved In HDFC Term Insurance Premium Payment

You can pay for your HDFC Term Insurance payment via two modes: online and offline. Let’s look into both of these in detail.

HDFC Term Insurance Online Payment Process

With HDFC Life’s user-friendly and intuitive web portal, policyholders can easily conduct their transactions online through the following steps:

Visit HDFC Life Insurance Company’s official website.
Locate and click on the ’Pay Premium’ tab. You will be redirected to a new page.
Enter your policy number and date of birth and then click on ‘Proceed’.
The website will retrieve the data linked to the policy and display the premium amount that is due on the screen. The website offers a range of payment options, including net banking, credit cards, debit cards, and digital wallets.

Offline Process

HDFC Life has several alternatives available for policyholders who favor offline payment methods. To make premium payments, customers may visit a nearby HDFC Life branch or an authorized payment center in person. Likewise, policyholders may opt for payment of premium dues by way of sending them via registered post or putting down a cheque/DD drawn up under the name of our firm along with details of their insurance plan into specified bank dropboxes. Such action secures a reliable and safe transactional process.

Auto Debit Option

The provision of auto-debit facility is available with HDFC Life. This facility enables policyholders to authorize automatic premium deductions from their bank accounts on specific dates. With the auto-debit service, individuals can skip remembering payment due dates entirely and have their policies remain in effect without interruption.

How To Download Hdfc Term Plan Premium Payment Receipt

Visit HDFC Life Insurance Company’s official website.
Navigate and login to your customer account from the webpage. Once you click on it, it will drop down and give you three options - Individual, NRI Corner and Group. Select the suitable category and it will redirect you to the login page.
You can login using your Email ID, Mobile number, Policy number or even your Client ID. Enter your date of birth along with it and click on ‘Proceed’.
Your HDFC term insurance payment receipt can be downloaded from there.

Why To Pay HDFC Term Plan Payment On Time?

One must never delay in making HDFC term plan premium payments as they are crucial for several reasons. To ensure its importance, timely premium payments are crucial for the following reasons:

Your HDFC term insurance policy will remain active and provide continuous coverage as long as you make timely premium payments without any interruptions. Not paying the premium within the due date or grace period can result in your policy lapsing. Its protective benefits will cease if lost.
In the event of your absence, a term insurance plan aims at providing a monetary safety net for your family. Making sure to pay the premium on time will keep the policy in force. Your beneficiaries will receive the sum assured if you pass away unexpectedly.
Avoid additional costs or penalties by paying your HDFC term plan premium on time for cost-efficiency. Payment of premiums after missing their due dates is possible with most insurance companies as they normally allow for a grace period. If you decide to reinstate the policy after the grace period, you may be faced with paying late payment fees or higher premium rates.
Ensure flexibility and future financial planning by making timely payments towards your HDFC term plan premium. You can benefit from additional features such as riders and increased sum assured by maintaining an active policy with policy enhancements or top-up options. Customising your policy is a way to meet your changing needs.

Conclusion

To keep your HDFC Life Insurance policy active, you must make all the premium payments on time. Pay your HDFC term insurance premium online from the comfort of your home using the customer portal. To compare different plans, you can contact us freely through our website, policyx.com, or speak with our insurance experts at 1800-4200-269.

Explore other HDFC Term Insurance

HDFC Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with HDFC Term Insurance plans. Below is the list of term plans offered by HDFC Term.

HDFC Click 2 Protect Super

HDFC Life Click 2 Protect Super is one of the top term insurance plan that offers high life cover at affordable premiums or multiple coverage options....

Unique Features

CI Cover Available
3 Plan Variants
Avail Spouse Cover

HDFC Click 2 Protect Super (Pros)

Terminal Illness Benefit
Smart Exit Benefit
Acceleration Death Benefit

HDFC Click 2 Protect Super (Cons)

1 Year WP for Suicide
No Policy Loans
No Pre-existing Conditions

HDFC Click 2 Protect Super (Other Benefits)

Death Benefit in Instalments
RP
WOP & 3 Riders
Additional Cover for Spouse

HDFC Click 2 Protect Super (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age - 84 years
Minimum Sum Assured - INR 5
000
Maximum Maturity Age - 85 years
Premium Payment Term - RP/SP/LP

HDFC Quick Protect Plan

HDFC Life Quick Protect is a comprehensive term insurance plan that provides coverage against death, disease, and disability. The plan is highly custo...

Unique Features

High Sum Insured
19 Critical Illness Cover
Accidental Death Benefit

HDFC Quick Protect Plan (Pros)

Monthly Income For 10 Years
Critical Illness Plus Rider
Income Benefit Rider

HDFC Quick Protect Plan (Cons)

No HIV Cover
No Policy Loans
No Pre-existing Conditions

HDFC Quick Protect Plan (Other Benefits)

Accidental Death Benefit
Maturity Benefit
Waiver Of Premium

HDFC Quick Protect Plan (Eligibility Criteria)

Entry Age - 18 Years
Max Entry Age - 50 years
Minimum Sum Assured - 25 L
Maximum Maturity Age - 75 years
Premium Payment Term - 5 to 40 Years

HDFC Term With Return Of Premium

HDFC Term with Return of Premium Plan offers comprehensive protection, which helps the insured secure their family with Zero-Cost Term insurance by th...

Unique Features

Death Benefit
Reduced Paid Up Benefit
Discount On Large Sum Assured

HDFC Term With Return Of Premium (Pros)

Premium Payment Options
Absolute Amount Assured Paid
Tax Benefits on Premiums and Maturity Benefit

HDFC Term With Return Of Premium (Cons)

No Discount on Limited Pay
No Riders Available
No Policy Loan

HDFC Term With Return Of Premium (Other Benefits)

Guaranteed Surrender Value
Guaranteed Maturity Benefits
No Waiting Period on Accidental Death

HDFC Term With Return Of Premium (Eligibility Criteria)

Entry Age - 18 Years
Max Entry Age - 50 years
Minimum Sum Assured - 10 L
Maximum Maturity Age - 65 years
Premium Payment Term - LP/RP

HDFC Life Smart Term Pro

HDFC Life Smart Term Pro is a versatile term insurance plan designed to provide comprehensive life insurance coverage and financial security. This is ...

Unique Features

Enhanced Protection Through Riders
Return Of Premium
Surrender And Maturity Benefit

HDFC Life Smart Term Pro (Pros)

Death Benefit
Maturity Benefit
Death Benefit Payout Options Death Benefit Payout Options

HDFC Life Smart Term Pro (Cons)

Reduced Paid-up Benefits
Reduced Paid-up Death Benefit
No Adventure Sports Cover

HDFC Life Smart Term Pro (Other Benefits)

Guaranteed Surrender Value
80% Premiums on Suicide
Guaranteed Sum Assured on Maturity

HDFC Life Smart Term Pro (Eligibility Criteria)

Entry Age - 30 Days
Max Entry Age - 60 years
Minimum Sum Assured - 15 L
Maximum Maturity Age - 80 years
Premium Payment Term - 5/8/10/12 yrs

HDFC Life Smart Term Edge

HDFC Life Smart Term Edge is a comprehensive protection plan offering multiple options and features at reasonable premiums. The plan provides you with...

Unique Features

Reduced Paid Up Benefit
Death Benefit
Surrender Benefit

HDFC Life Smart Term Edge (Pros)

3 Premium Payment Modes
Option to Increase Death Benefit
3 Premium Payment Modes

HDFC Life Smart Term Edge (Cons)

No Suicide Cover
No Policy Loans
No Pre-existing Conditions

HDFC Life Smart Term Edge (Other Benefits)

3 Plan Options
100% Death Cover
Tax Benefits on Premiums/Maturity/Riders

HDFC Life Smart Term Edge (Eligibility Criteria)

Entry Age - 18 Years
Max Entry Age - 60 years
Minimum Sum Assured - 5 Lakhs
Maximum Maturity Age- 75 years
Premium Payment Term - 12 to 30 Years

HDFC Life Click 2 Protect 3D Plus

HDFC Life Click 2 Protect 3D Plus provides policyholders and their loved ones with comprehensive financial security. As the name suggests, this term i...

Unique Features

9 Plan Options
Whole life coverage
Rider benefits

HDFC Life Click 2 Protect 3D Plus (Pros)

Life Stage Protection
Premium Top-up Option
Protection Against 3Ds

HDFC Life Click 2 Protect 3D Plus (Cons)

1 Year WP for Suicide
No Policy Loans
Death Due to Adventure Sports

HDFC Life Click 2 Protect 3D Plus (Other Benefits)

Choice of Plan Options
Lifelong Protection
Return of Premium Option

HDFC Life Click 2 Protect 3D Plus (Eligibility Criteria)

Entry Age -18 Years
Max Entry Age - 65 years
Minimum Sum Assured - ₹10 Lakhs
Maximum Maturity Age - 99 years
Premium Payment Term - RP/SP/LP

HDFC Life Saral Jeevan Bima

HDFC Life Saral Jeevan Bima is a simple and no-frills, pure-risk best term insurance plan. This plan dispenses the nominee with a fixed amount after t...

Unique Features

Flexible premiums
Additional riders
Financial protection

HDFC Life Saral Jeevan Bima (Pros)

Discount on Higher Premiums
Policy Loan Available
No Interest on ROP Minors

HDFC Life Saral Jeevan Bima (Cons)

No Alterations Allowed
No Death Benefit on Income Payout
Advance premiums for monthly payment mode

HDFC Life Saral Jeevan Bima (Other Benefits)

3 Rider Options Available
Premium Payment Flexibility
Tax Benefits on Premiums and Maturity

HDFC Life Saral Jeevan Bima (Eligibility Criteria)

Entry Age - 30 Days
Max Entry Age - 65 Years
Minimum Sum Assured - 5 L
Maximum Maturity Age - 85 years
Premium Payment Term - RP/SP

HDFC Term Premium Payment: FAQs

1. How do I check my HDFC Life Insurance policy status?

You can log in to their customer portal using your ID and password to check your HDFC Life policy status.

2. How do I surrender my HDFC Life Insurance policy online?

To surrender your HDFC Life policy online, log in to their customer portal using your ID and password and click the ’Cancel Policy’ button.

3. What is the claim settlement ratio for HDFC Life Insurance?

HDFC Life Insurance has maintained a very high claim settlement ratio of 99.39% for FY 2022-2023.

4. How do I deposit the HDFC Life Insurance policy premium?

HDFC premium payment can be made online through their official website or offline by visiting their nearest branch office.

Explore HDFC Term Insurance

Term Insurance Companies

Check and compare plans from 21 IRDAI-approved term insurance providers before purchasing a term plan.

Term Insurance
Life Insurance

LIC Term Insurance