We all have insurance policies and need to pay a heavy insurance premium each year. The insurance premium payment is an essential part of our financial planning. Since we cannot escape paying the premium, we can definitely pay it through the right source, which can earn us rewards and benefits. One such popular method is to use a credit card for insurance payments. Paying insurance premiums with a credit card is becoming quite popular in India. Doing so has several advantages, such as earning reward points, getting EMI payment options, cashback, etc.
While paying insurance premiums with a credit card is a tempting idea, which credit is the best for insurance payments is a difficult choice. As so many credit card options and choices are available, selecting the best credit card for insurance payment is often confusing. Before making the choice, we should be aware of all the details and features of various credit cards for insurance payments available, their benefits, and any costs attached to them. By making an informed and well-researched decision, we can maximise the benefits of using a credit card for insurance payments.
5 Best Credit Card for Insurance Payment In India 2025
Here is a list comparing some of the best credit cards for insurance payments in India:
| Credit Card | Joining Fees | Annual Fees | Welcome Benefits |
| Regalia Gold Credit Card | Rs.500 + Applicable Taxes | Rs.2,500 + Applicable Taxes | Receive a gift voucher of Rs.2,500. |
| ICICI Bank Coral Credit Card | Rs.500 + GST | Rs.500 + GST | NA |
| INFINIA Credit Card Metal Edition | Rs.2,500 + Applicable Taxes | Rs.12,500 + Applicable Taxes | Get a welcome benefit of 12,500 reward points once the fees are paid and the card is activated. |
| Amazon Pay ICICI Bank Credit Cards | NA | NA | NA |
| IDFC FIRST Bank Select Credit Card | NA | NA | Receive a voucher of Rs.500 when you spend Rs.5,000 or more within 30 days of receiving the card. |
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1. HDFC Bank Regalia Gold Credit Card
Joining Fees
Rs.500 + Applicable Taxes
Annual Fee
Rs.2,500 + Applicable Taxes
Welcome Benefits
Receive a gift voucher of Rs.2,500.
Cashback & Reward The HDFC Bank Regalia Gold Credit Card offers points on purchases and perks like lounge access, travel insurance, and more.
2. ICICI Bank Coral Credit Card
Joining Fees
Rs.500 + GST
Annual Fee
Rs.500 + GST
Welcome Benefits
NA
Cashback & Reward The ICICI Bank Coral Credit Card is a rewards-based credit card designed to offer a range of benefits and perks to its cardholders. It aims to provide a convenient and rewarding payment experience, with a focus on earning reward points that can be redeemed for various products and services. Earn 1 reward point on every Rs.100 spent on insurance charges.
3. HDFC Bank Infinia Credit Card
Joining Fees
Rs.2,500 + Applicable Taxes
Annual Fee
Rs.12,500 + Applicable Taxes
Welcome Benefits
Get a welcome benefit of 12,500 reward points once the fees are paid and the card is activated.
Cashback & Reward The HDFC Bank Infinia Credit Card is a premium card designed for high-net-worth individuals who value exclusive privileges and exceptional rewards. This invitation-only card offers a host of benefits and perks that cater to the discerning lifestyle of its members.
Earn 5 reward points for every Rs.150 retail spending, including insurance payments.
4. Amazon Pay ICICI Bank Credit Card
Joining Fees
NA
Annual Fee
NA
Welcome Benefits
NA
Cashback & Reward The Amazon Pay ICICI Bank Credit Card is a credit card with no joining or annual fees that offers cashback rewards on purchases. It’s a good option for frequent shoppers on Amazon.in, especially if you have an Amazon Prime membership.
5. IDFC FIRST Select Credit Card
Joining Fees
NA
Annual Fee
NA
Welcome Benefits
Receive a voucher of Rs.500 when you spend Rs.5,000 or more within 30 days of receiving the card.
Cashback & Reward The IDFC FIRST Select Credit Card is designed to cater to the needs of individuals with a high annual income. This premium card offers a range of exclusive benefits and privileges, making it a compelling choice for those seeking a luxurious and rewarding card experience.
Earn 1X reward points on insurance premiums paid.
What are the Benefits of Using a Credit Card for Insurance Payments?
There are many benefits of using a credit card for insurance payments:
- 01
You earn rewards and cash back on all the accumulated points earned with each insurance premium payment. - 02
Tracking your monthly insurance premium payments becomes easier, and you can manage your finances more efficiently with detailed credit card statements. - 03
You can convert your payments into EMI payments to spread the costs over a few months and avoid spending a large amount in a single month. - 04
You also enjoy extra benefits such as purchase protection, travel insurance, etc. - 05
When you use your credit card responsibly and pay all your dues on time, you improve your credit score and build your credit.
Key Features to Look for in a Credit Card for Insurance Payments
Each credit card has multiple features and benefits; you should select a card that best suits your needs and preferences when using a credit card for insurance payments:
Reward Points or Cashback Structure
Research the credit card’s reward structure and earning potential, and always opt for cards that offer more rewards on insurance payments and overall spending.
Welcome Bonus or Sign-Up Offers
Many credit cards offer attractive welcome offers, bonuses, etc., which increase our savings.
Insurance Coverage
Always check if the credit card offers any insurance coverage, such as purchase protection or travel insurance.
Annual Fee and Other Charges
Check the annual fee and other charges associated with the credit card to ensure it is within your budget.
Customer Service and Support
It is very important to have good customer service when dealing with any financial matters. You should get a credit card with reliable customer support.
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Conclusion
Selecting the right credit card for insurance payment is important as it greatly impacts your savings and financial well-being. Before selecting a credit card for insurance payments, you should consider factors like reward points, cashback, insurance coverage, and annual fees. It is a smart idea to compare all possible options, go through the terms and conditions carefully, and use your credit card responsibly.
Frequently Asked Questions (FAQs)
Are there any charges for using a credit card to pay insurance premiums?
A few credit card issuers charge a small transaction fee for credit card insurance payments. It is wise to check with your issuer before using your credit card.
Is it safe to use a credit card for insurance payments?
Yes, since most credit cards have fraud protection measures, it is generally safe to use a credit card for insurance payments.
What kind of rewards can I expect when paying insurance premiums with a credit card?
Using a credit card for insurance payments is beneficial as you can earn reward points, cashback, or other benefits such as airline miles, hotel stays, etc.
Can I convert my insurance premium payment into EMIs?
Yes, most credit cards have the option of converting larger purchases, including insurance payments, into EMIs.
What is the interest rate for converting insurance premium payments into EMIs?
The interest rate is different for different credit card issuers and it also depends on the EMI tenure.
Are there any processing fees for converting insurance premium payments into EMIs?
Some credit card issuing companies charge a processing fee for converting insurance premium payments into EMIs; you should check with your credit card issuer for details.
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