1. As per Regulation 3(d), IRDAI (Manner of Receipt of Premium) Regulations 2002, if the proposer or policyholder chooses to pay the premium using a credit or debit card, the transaction must be carried out solely through a card issued in their name.
  2. As per RBI guidelines, the second level of authentication is mandatory for all internet card transactions (Master/Visa) from August 1, 2009. Please visit your bank's website to set a secure code today.
  3. The premium receipt will be issued no later than the next working day. For unit-linked plans, the Net Asset Value (NAV) applied will depend on the date and time the payment is received by the company, in accordance with the cut-off timings prescribed by HDFC Life and as per IRDAI regulations, guidelines, and directives. Currently, the cut-off time for allocation of same-day NAV is 3:00 PM IST.
  4. Advance payment will be held in an interest-free account and will be adjusted towards the policy on the payment due date. NAV applicable for your policy would be as per the respective premium due date.
  5. In cases of overdue payments, you may be required to undergo medical examinations and underwriting assessments. Please refer to your policy terms for detailed information. The applicable Net Asset Value (NAV) will correspond to the date on which the policy is reinstated to “In Force” status. Please ensure full payment of the outstanding amount, as partial payments will be held in an interest-free account. The policy will only be reinstated once the complete payment is received.
  6. It is important to note that online payment through the payment gateway is not from the HDFC Life server, and that you are directed to a non-HDFC Life site. HDFC Life is not responsible for, shall have no liability for and disclaims all warranties whatsoever, expressed or implied, related to the site, including without limitation any warranties related to performance, security, stability, or non-infringement of title of the site (including site content), or any controls downloaded from the site.
  7. The NAV shall be declared by the company on a daily basis except on bank holidays, exchange holidays, Saturdays, Sundays, and the days when the corporate office is closed.
  8. Taxes and levies will be applicable to the interest component.
  9. Please get in touch with HDFC Bank for more details on the EMI breakup.

ARN: HI/09/2017/10421