HDFC Everyday living Policyholders Can Now Fork out Premiums with NPCI's UPI 123Shell out
HDFC Existence and National Payments Company of India (NPCI), have collaborated to offer a initial – UPI 123Shell out. This is a distinctive voice-based premium payment assistance that further simplifies the premium payment method for HDFC Life policyholders.
UPI 123Pay is a payment facility as a result of a pre-outlined IVR (Interactive Voice Reaction). This platform will enable buyers to make economical transactions with or with out an world wide web connection. Prospects can avail this service in various regional languages such as Hindi, Marathi, Gujarati, Punjabi, Kannada, Tamil, etc.
The method is quite basic – a buyer has to initiate a secure call from their cellular phone applying the UPI range 080 4516 3571, and total the UPI on-boarding formalities. After this is accomplished, they can get started transacting.
This support will also empower all those policyholders of HDFC Everyday living who are not accustomed to electronic payments, thus enabling them to acquire handle of their procedures with a single IVR contact.
Speaking on the improvement, Vineet Arora, Chief Operating Officer, HDFC Existence explained, “We are delighted to offer this new and easy quality payment possibility. We continually endeavour to simplify the customer lifecycle – appropriate from plan paying for to policy servicing. The UPI 123Shell out support we are providing, in collaboration with NPCI and Ubona will help policyholders throughout the nation to make payments through this IVR dependent service in a protected manner, with ease.”
Nalin Bansal, Main Romance Administration & Important Initiatives, NPCI mentioned, “We are glad to witness the implementation of NPCI’s exclusive giving UPI 123Pay voice primarily based payment in the insurance policies sector. We believe that this functionality will supply a distinct and seamless premium payment knowledge to hundreds of thousands of HDFC Lifetime clients. This is an significant stage to the advancement of the ecosystem as we purpose to achieve a wider audience and additional penetrate Tier 2 and Tier 3 cities in India.”
A voice primarily based payment characteristic, UPI 123Shell out was produced by the Countrywide Payments Corporation of India (NPCI) and released by the Reserve Financial institution of India (RBI) to raise the electronic penetration of economical expert services. UPI 123Fork out allows smart cellphone and characteristic phone people to digitally undertake a host of transactions based mostly on four approaches, such as voice payment primarily based by using IVR amount, proximity seem-based payments, missed simply call-centered payment tactic, application centered scan and shell out on aspect cell phone.
About HDFC Life
HDFC Existence Coverage Organization Confined (HDFC Existence / ‘Business‘) is a joint enterprise amongst HDFC Ltd., India’s main housing finance institution and abrdn (Mauritius Holdings) 2006 Minimal, a world wide investment firm.
Established in 2000, HDFC Everyday living is a main, stated, extensive-expression existence insurance plan answers provider in India, offering a variety of unique and team coverage solutions that satisfy numerous shopper wants these as Security, Pension, Personal savings, Financial commitment, Annuity and Health and fitness. The Corporation has much more than 60 items (which includes personal and team solutions) and optional riders in its portfolio, catering to a assorted assortment of client demands.
HDFC Lifestyle carries on to benefit from its increased presence throughout the place, having a large reach with branches and further distribution contact-factors by numerous new tie-ups and partnerships. The count of distribution partnerships is more than 300, comprising banking companies, NBFCs, MFIs, SFBs, brokers, new ecosystem companions amongst other folks. The Firm has a potent base of financial consultants.
For additional information, remember to visit www.hdfclife.com. You could also link with us on Facebook, Twitter, YouTube and LinkedIn.
About NPCI
Nationwide Payments Corporation of India (NPCI) was integrated in 2008 as an umbrella corporation for working retail payments and settlement systems in India. NPCI has designed a robust payment and settlement infrastructure in the place. It has transformed the way payments are produced in India through a bouquet of retail payment merchandise these types of as RuPay card, Fast Payment Support (IMPS), Unified Payments Interface (UPI), Bharat Interface for Cash (BHIM), BHIM Aadhaar, Nationwide Electronic Toll Collection (NETC FasTag) and Bharat BillPay.
NPCI is concentrated on bringing innovations in the retail payment methods as a result of the use of technological innovation and is relentlessly working to change India into a electronic financial state. It is facilitating safe payment remedies with nationwide accessibility at nominal charge in furtherance of India’s aspiration to be a thoroughly digital society.
For much more information and facts, you should pay a visit to: www.npci.org.in