Best Credit Cards for Insurance Payments
Insurance premiums are unavoidable. Whether it’s life, health, motor, or home insurance, these payments come up every year and often involve large amounts. Using a credit card for insurance payments can make this process smoother while also helping you earn rewards or cashback.
However, despite having multiple credit cards available, many issuers either exclude insurance payments from rewards or apply strict capping on such transactions. This makes it difficult to identify credit cards that genuinely offer good value on insurance spends. To simplify this decision, we have curated a list of the best credit cards in India that allow insurance premium payments while offering decent rewards or cashback.
Best Credit Cards for Insurance Bill Payments
Let’s take a look at how different credit cards reward insurance premium payments, along with their fees, reward structure, and applicable caps.
| Card Name | Annual Fees (excluding GST) | Annual Fees Waiver | Reward on Insurance Spends | Maximum Value Back | Maximum Capping |
|---|---|---|---|---|---|
| American Express Platinum Travel | ₹5,000 | Not Applicable | No MR Points for insurance payments. However, you can earn 40K MR Points + 10K Taj Voucher on ₹4L annual spends. | 8-10% | Not Applicable |
| HDFC Tata Neu Infinity | ₹1,499 | ₹3 Lakhs | 5% cashback as NeuCoins via Tata Neu app | 5% | 2,000 NeuCoins per day (₹40K maximum spends) |
| HDFC Infinia (Metal Edition) | ₹12,500 | ₹10 Lakhs | 5 RPs per ₹150 spent | 3.3% | 10K RPs per month |
| HDFC Diners Black Metal Edition | ₹10,000 | ₹8 Lakhs | 5 RPs per ₹150 spent | 3.3% | 5,000 RPs per month (maximum spends of ₹1.5 lakhs) |
| HDFC BizBlack | ₹10,000 | ₹7.5 Lakhs | 5 RPs per ₹150 spent | 3.3% | 5,000 RPs per month (maximum spends of ₹1.5 lakhs) |
| HSBC Premier Metal | ₹12,000 | Complimentary for Premier customers | 3 RPs for every ₹100 spent | 3% | 3,000 RPs per month (maximum spends of ₹1 lakh) |
| ICICI Emeralde Private Metal | ₹12,499 | ₹10 Lakhs | 6 RPs per ₹200 spent + ₹6,000 in EaseMyTrip vouchers on ₹8 lakh annual spends. ₹3,000 at ₹4 lakh and another ₹3,000 at ₹8 lakh (effectively adding 1% extra value). | 3% | 5,000 RPs per month (maximum spends of ₹1.66 lakhs) |
| HDFC Bank Regalia Gold | ₹2,500 | ₹4 Lakhs | 4 RPs on every ₹150 spent | 2.67% | 2,000 RPs per day (maximum spends of ₹75,000) |
| Yes Private/Private Prime | ₹10,000 | ₹25 Lakhs | 20 RPs for every ₹200 spent | 2.5% | No capping |
| Standard Chartered Smart | ₹499 | ₹1.2 Lakhs | Flat 2% cashback on online spends | 2% | 1,000 per month (maximum spends of ₹50,000) |
| Standard Chartered Ultimate | ₹5,000 | Nil | 3 RPs on every ₹150 spent | 2% | No capping |
| ICICI Amazon Pay | Nil | Nil | 2% cashback via Amazon, 1% outside Amazon ie., through insurance portals | 2% | No capping |
| ICICI Times Black | ₹20,000 | ₹25 Lakhs | 2% RPs | 2% + Milestone benefits | 5,000 RPs per month (maximum spends of ₹2.5 lakhs) |
Choosing the Right Credit Card for Insurance Premiums
In today’s fast-paced lifestyle, having the right insurance coverage is essential, whether it is for your health, vehicle, home, or life. While insurance premiums are unavoidable expenses, using the right credit card can help you manage these payments more efficiently while earning rewards or cashback.
The credit cards listed above offer some of the best value on insurance premium payments in India, depending on your spending pattern and card eligibility.
If you don’t hold any of these cards, you can use the SaveSage app to check whether your current credit cards offer benefits on insurance payments and explore better options through our Card Recommendation feature. Also, if you hold multiple credit cards, then using a right
credit card manager app is highly recommended.
The SaveSage app helps you optimise your credit card rewards and loyalty programs in a simple and clear way. You can keep track of your credit card points and offers in one place, while the built-in AI assistant and regular updates help you stay informed and make better decisions without confusion.
