LIC Payment via TataNeu

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Deal Lieutenant
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Can anyone confirm whether we get 5% neucoins (any capping??) if paid LIC premium via TataNeu app using TataNeuInfinity HDFC Bank Credit Card?

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Blaze Blaze
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No Only 1.5 % Coins on LIC payment.

I made 2475 Lic payment and got only 37 coins.

Hunk Hunk
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You will get 5%... 1.5% 1st.... And the remaining 3.5% in the next statement

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Deal Cadet Deal Cadet
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yes

2k coins per day capping
6 lacs rs transaction per year

Blaze Blaze
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No Only 1.5 % Coins on LIC payment.

I made 2475 Lic payment and got only 37 coins.

Hunk Hunk
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You will get 5%... 1.5% 1st.... And the remaining 3.5% in the next statement

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Deal Subedar Deal Subedar
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till July 31st, max bill payments was 50k so flat 5% CB = 2500Rs for Insurance Payments (have tried LIC last month and got 5%), from Aug1st they have increased the limit to 1L but after 50k its 1% charge+GST but no charges for Insurance Payments so max amount was 1L and max cashback 5k

Unfortunately from Sep 1st, its 2000 neucoins for Insurance/Bill Payments per day so max 40k (per month its 1L)

1-Aug Change:

3. Utility Transactions:

If you spend less than ₹ 50000 per transaction on Utilities, no additional fee will be charged. However, if you spend more than ₹50000 per transaction on utilities, a 1% fee will be charged on the entire amount and capped at ₹3000 per transaction.

Category.

Merchant Category Codes (MCC)

Utility

4900

Insurance transactions will not be considered as Utility transactions and hence no charge will be applicable.

1-Sep change:

The NeuCoins for Insurance Spends will be capped at 2,000 NeuCoins per day.
Classification - Public
Classification - Public
• With effect from 1-Sep-2024,
o NeuCoins earned on Utility transactions will be capped at 2,000 NeuCoins per calendar month.
o NeuCoins earned on Telecom & Cable transactions will be capped at 2,000 NeuCoins per calendar
month.

Deal Lieutenant Deal Lieutenant
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Thank you all for sharing the info. Just paid via tata neu app. Will see how much coins are getting credited.

Deal Newbie Deal Newbie
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I paid 51k for LIC last month on Tataneu app and i have been charged 1% fee + GST for this transaction. Anyone experienced the same?

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