Save money on your insurance premium, this way you will get 5% cashback

new Delhi. The use of digital payment is increasing rapidly in the country. Digital payment is not only convenient but it also benefits the users. How will you get cashback on insurance premium payment? There are now many such credit cards and apps in the market, where 1% to 5% cashback is available on insurance premium payment. Some credit cards offer unlimited cashback of 1-2% on the insurance premium payment. It is to be noted here that most traditional credit card insurance in the country do not offer cashback on premium payments.

Axis Bank Freecharge Credit Card
Cashback of 5% (maximum Rs 500) is available on the insurance premium payment on the Freecharge app or website through the Axis Bank Freecharge Credit Card. For example, if you pay an insurance premium of 10 thousand rupees in a month, then you get a cashback of 500 rupees. Cashback earned in the current billing cycle is credited to the credit card account 3 days before the next billing date.

YES Prosperity CashbackIf you talk about premium credit card, then 5% cashback is provided on the insurance premium payment through cards like YES Prosperity Cashback Plus and YES Prosperity Cashback.

ACE Credit Card

Through Axis Bank’s ACE Credit Card, users can earn 2% unlimited cashback by making an insurance premium payment on any app or website. The special thing is that there is no capping on this cashback. For example, if you make an insurance premium payment of Rs 1 lakh in a month, you get a cashback of Rs 2000. Cashback earned in the current billing cycle is credited to the credit card account 3 days before the next billing date.

Amazon Pay ICICI Credit Card
Users get 2% unlimited reward points on payment of insurance premium through Amazon Pay ICICI Credit Card on Amazon (Amazon) app or website. The special thing is that there is no capping at this reward point. For example, if you make an insurance premium payment of one lakh rupees a month, then you get 2000 reward points. These reward points are credited to the Amazon Pay Wallet (Amazon Pay) within 3 days of the credit card bill being generated. Here the value of one reward point is equal to one rupee.

Apart from Amazon, users get 1% unlimited reward points on payment of insurance premium through Amazon Pay ICICI Credit Card.

Paytm SBI Card
Recently, Paytm has launched two types of credit cards ‘Paytm SBI Card’ and ‘Paytm SBI Card Select’. Unlimited cashback of 2% is available on payment of insurance premium on the Paytm app or website through these two cards. There is no capping on this cashback. This cashback is available as a Paytm gift voucher. The special thing is that cashback is available within 3 days of completion of the scheduled transaction. For example, if you make an insurance premium payment of Rs 1 lakh in a month, then you will get a total Paytm Gift Voucher of Rs 2000.

Apart from Paytm through these two credit cards, unlimited cashback of 2% is available on payment of insurance premium on any website other than Paytm.

Flipkart Axis Bank Credit Card
Through the Flipkart Axis Bank Credit Card, you get an unlimited cashback of 1.5% on payment of insurance premium on any app or website. There is no capping on this cashback. For example, if you make a recharge of one lakh rupees and bill payments in a month, then you get a cash back of 1500 rupees. Cashback earned in the current billing cycle is credited to the credit card account 3 days before the next billing date.

OLA Money SBI Credit Card
Through OLA Money SBI Credit Card (OLA Money SBI Credit Card), you get an unlimited reward point of 1% on payment of insurance premium on any app or website. The special thing is that there is no capping at this reward point. For example, if you make an insurance premium payment of one lakh rupees a month, you get 1000 reward points. These reward points are credited to Ola Money Wallet (OLA Money) within 3 days of the transaction. Here the value of one reward point is equal to one rupee.

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