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How to pay Life Insurance Premium at a Discount?
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How to pay Life Insurance Premium at a Discount?
We bring you some great ways in which you can pay your Life Insurance Premium hassle-free plus with a discount!
by FighterMan
Updated: 09 Apr, 2022, 01:51 IST
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Gone are the days to pay Life Insurance Premium via agents or related sources. You can pay them online and open doors to discounts and/or cashback rewards. Moreover, you can get yourself a life insurance policy online without any agents to save more. Leading companies such as LIC, Aditya Birla, Aviva, Bajaj Allianz, Bharti AXA, and many more are available for digital payments. You can pay via their official portals or digital wallet platforms. If you pay via their official portals then benefits include rebates which vary from company to company. Besides, digital wallets can give you exciting rewards. Let’s check them out.
Amazon Pay offers on Life Insurance Premium
Amazon Pay has got many rewarding offers on payment of your Life Insurance Premium. You can pay them by visiting Amazon Pay -> Bill Payments/Insurance & Investments -> Insurance Premium.
Payment Mode |
Discount or Cashback Rewards |
Amazon Pay UPI |
Rs 50 cashback every month |
All Payment Modes |
Get a surprise reward(user specific) |
2-5% reward points(1 reward point = 1 Rs) as Amazon Pay cashback |
|
Amazon Gift Card |
There many gift card platforms(Zingoy, Woohoo, etc) offering discounts on it |
Spend min. Rs 10,000 and get 10% cashback upto Rs 2,000(offer valid till 07/11/2020) |
|
2.5% cashback(buy Amazon Gift Card from this card and pay via this gift card) |
Currently, the company is offering Rs 750 cashback on applying for Amazon Pay ICICI Bank Credit Card. You can buy Amazon Gift Cards worth the amount of your premium and then pay via them. To avail the AMEX Card offer, firstly you need to check the eligibility of your card. If eligible then save it in your account and then proceed for the transaction. If you are using the SBI SimplyCLICK Credit Card offer then your effective reward will be 3.5% with 1% cashback on paying its bill via HDFC Bill Pay using HDFC Easy Shop Platinum Card.
Google Pay offers on Life Insurance Premium
When you pay your Life Insurance Premium via Google Pay, you will get scratch cards worth upto Rs 1,000. There may be other offers as well, you can check its “Offers” section for this which regularly keeps on updating. Another option to save is by participating in Google Pay’s Go India game where you can win anywhere between Rs 101-501 by collecting tickets & kilometers on paying your premium.
PayZapp offers on Life Insurance Premium
PayZapp is offering 5% cashback upto Rs 150 per month on payment of bills which includes Life Insurance Premium. Apply the coupon code “BILLPAY” at checkout. Besides, make sure that your payment is of minimum Rs 200 and your KYC is done to successfully avail this offer.
PhonePe offers on Life Insurance Premium
PhonePe is one of the first digital wallets to start online payments of various company’s Life Insurance Premium. At start, it used to give great discounts and/or cashbacks but currently the rewards are somewhat up & down. Still, you can expect good offers from it considering its prominence among digital wallet apps.
Paytm offers on Life Insurance Premium
Paytm generally comes up with promo codes which gives you discounts or cashbacks. Currently, it is offering 6% Paytm cashback upto Rs 1,000 on shopping from Paytm Mall via the promo code “MAHASHOPRB” for Life Insurance Premium. You can also use your Paytm Wallet balance to reduce the premium amount.
Mobikwik offers on Life Insurance Premium
Currently, Mobikwik is running 1 offer on Life Insurance Premium. Here, you will get Rs 100 cashback by paying via Mobikwik UPI on its mobile app. Mobikwik comes up with many SuperCash offers so probably more better ones are yet to come.
How do you pay your Life Insurance Premium with/without a discount? Do share with us in the comments box below.
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https://www.desidime.com/comments/permalink/7044760
I think some asked the question here.
https://www.desidime.com/comments/permalink/7140232
How to get 2.5% cashback from sbi card
https://www.desidime.com/comments/permalink/7180272
Use Mobikwik Amex card you can pay premium by using 3% supercash + you can add balance in mobikwik using credit card which gives rewards like Amazon icici card gives 1% cb. In this way you can pay premium @ 4% off
View 5
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https://www.desidime.com/comments/permalink/7183918
which is better to pay LIC premium in amazon?
1) buy amazon GVs in hdfc smartbuy site using Diners club black card and use the same to pay LIC premium in amazon website?
2) buy amazon GVs directly in amazon using SBI SimplyClick card and use the same to pay LIC premium in amazon website?
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https://www.desidime.com/comments/permalink/7188206
LIC Option not available in PayZapp.
https://www.desidime.com/comments/permalink/7188322
payment using amazon pay from lic portal allows to use amazon balance.. can utilize amazon pay balance if have or can buy from mobikwik using 3% supercash
https://www.desidime.com/comments/permalink/7194314
To get best discount, I feel Buying Amazon Gv at the max discount possible and pay using Amazon Pay Balance is the best case scenario
https://www.desidime.com/comments/permalink/7474599
I need to pay 20.6K for Canara Hsbc life before 31 march
Please suggest can we use amazon gift card to pay it. If yes where i can buy for max discount?
I have hdfc dinner card but my friend has amazon icici card
https://www.desidime.com/comments/permalink/7216176
I have to pay LIC premium of 9k can anyone help me if I can get any cash back from somewhere?? I have sbi rupay card not that sbi simply click card..
https://www.desidime.com/comments/permalink/7216721
I am planning to pay lic premium .how to get cash back .Anyone pls help me .Thanks in advance
https://www.desidime.com/comments/permalink/7236017
I got an offer in mobiquik which is max of 20 rs for 650 I belive.. Should get more amazon vouchers and redeem them..
https://www.desidime.com/comments/permalink/7237743
Why didn’t I know about this earlier ☹️
I feel like a dunce now
https://www.desidime.com/comments/permalink/7404651
If we pay through dhani pay we get 5 percent cashback
https://www.desidime.com/comments/permalink/7425267
Can you provide more details.
View 1
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https://www.desidime.com/comments/permalink/7479585
Can i buy amazon gv using payzap for 7kand get 1000 rs cash back.. Then furthr pay lic premium using amazon gv… Any one pls tell today is lat date of payzap 1000 off on 7k purchaae..
https://www.desidime.com/comments/permalink/7511452
Buy amazon vouchers from payback ( or any sites which gives a discount) using Mobikwik Amex cc. Add money to mobikwik using any debit card and get reward points for the same. Pay the bill on amazon.
https://www.desidime.com/comments/permalink/7601485
You can pay through axis ace and flipkart card with 1.5 and 2.0% cashback
https://www.desidime.com/comments/permalink/7620441
Fyi…paid via Amazon Icici Card on Amazon at 3%…
Don’t know how..
But recieved 3%..
https://www.desidime.com/comments/permalink/7621284
It would show 3 percent in net banking or imobile app but you will get only 2% regardless or prime membership! I
View 1
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https://www.desidime.com/comments/permalink/7621261
after updated rewards on ‘Citi Bank Paytm First Card’ we should be getting 3% cashback on insurance payments too now as it says “3% cashback on all spends done on the Paytm app and website”.
Has anyone confirmed it?
If yes then it makes this card best for insurance payments.
https://www.desidime.com/comments/permalink/7828359
https://www.desidime.com/discussions/citi-bank-...
@sri222 has reported success. More data needed. More people should try.
This could be the best option, if successful.
https://www.desidime.com/comments/permalink/7627079
Can anyone confirm,are we getting 10x rewards for buying Amazon gv.
https://www.desidime.com/comments/permalink/7627592
Normally I used to do shopping/ recharges/ bill payment/ ticket bookings / insurance payments of family members and some friends…
So I used add balance in amazon pay whenever any offer comes which gives more than 5% of discount /cashback…
I have added 5 /6 rupay debit cards which gives 20% discount on Friday once in month (managed with friends). So used to save 100 rupees on adding 500 in amazon pay.
so monthly i used to save 500/600 while adding money in amazon pay…
Sometimes get 10% discount upto 50 on adding money into wallet by using upi method.
Any gift card offer… Gyftr…. mobikwik….
Also used to add 1 rupees in amazon pay and unlock offer to earn up to 125 offer for scan and pay/ payment transfer. me and one friend used to do it with each other. so randomly both used to get 3, 4,7, 8,9 ,11, 39…
So like this I keep accumulating balance and while making payments if any offer is their which gives me more benefit then i use it or ICICI amzon pay card which gives 2% cashback.. or sbi simply click can be used for online payments…
Also i just come to know about Mobikwik amex card offer .. it seems good… i have never tried it but now will look into it….
Sometimes standard chartered bank also gives extra reward offer for insurance payments..
https://www.desidime.com/comments/permalink/7631676
thanks rohit! nice info
https://www.desidime.com/comments/permalink/7677354
Can we partially pay insurance premium from any of the site.. I have some CC spend based offer this month which I want to utilize and then rest I will pay in the next month.. the premium is due next month.
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To get best discount, I feel Buying Amazon Gv at the max discount possible and pay using Amazon Pay Balance is the best case scenario