For any premium payment due in the next financial year, the same can be paid three months before the premium due date. If any excess premium is received by HDFC Life, then the same shall be refunded on the same account/credit card, subject to the availability of respective account details for NEFT. Are you an HDFC Life policyholder but don’t know how to pay your premium? Worry not, because we have got you covered with this step-by-step guide on how to pay your premium using HDFC... There are several options through which you can pay online insurance premium. To know about options available to pay online insurance premium, Click here! HDFC Life Online Payment - Know the step by step process to pay hdfc life insurance premium online. Check various payment methods including online and offline.