Best Credit Cards for Insurance Payments in India 2025: Up to 5% Cashback & Rewards

Looking to maximize savings on your insurance premiums? The right credit card can help you earn substantial rewards and cashback on insurance payments like LIC premiums, health insurance, motor insurance, and more. In this comprehensive guide, we'll explore the best credit cards for insurance payments in India for 2025.

Why Use Credit Cards for Insurance Payments?

Using credit cards for insurance payments offers several advantages:

• Cashback & Rewards: Earn up to 5% cashback or reward points on premium payments
• Extended Credit Period: Get 45-50 days interest-free period
• Insurance Benefits: Additional insurance coverage on premium payments
• Milestone Benefits: Special rewards on high-value premium payments
• Easy Tracking: Consolidated view of all insurance payments

Key Features to Look for in Insurance Payment Cards

When choosing a credit card for insurance payments, consider these important factors:

• Reward Rate: Look for cards offering 2-5% rewards on insurance transactions
• Monthly Caps: Check limits on cashback and rewards (typically ₹500-1,000)
• Supported Insurers: Verify coverage of your insurance providers
• Annual Fees: Compare fees against potential savings
• Additional Benefits: Consider complementary rewards on other categories

Best Credit Cards for Insurance Payments

1. SBI Cashback Credit Card (via Gift Cards)

• Buy Amazon Pay gift cards using SBI Cashback card (5% cashback)
• Purchase limit: ₹30,000 gift cards in 30 days from Amazon
• Can use multiple Amazon accounts to increase limit
• Use Park+ app to buy gift cards
• Use Maximize.money to buy gift cards
• Load gift cards to Amazon Pay balance
• Pay insurance through Amazon Pay balance

2. American Express Cards

• Amex Platinum Travel: Insurance spends count towards milestone benefits
• Amex MRCC: Insurance spends count towards milestone benefits
• Amex Gyftr: Buy Amazon Pay vouchers and use for insurance payments

3. HDFC Bank Cards

• HDFC Diners Black: 3.3% rewards (capped at 5,000 reward points)
• HDFC Tata Neu Infinity: 5% rewards via Tata Neu app (up to ₹25,000)
• Direct Insurance Payments: 1.5% cashback without any cap

4. Standard Chartered Cards

• SC Smart: 2% cashback (capped at ₹1,000 per month)
• Cashback cap is ₹2,000, not on insurance amount
• Theoretically can pay up to ₹1.33L insurance daily without cashback capping
• SC Ultimate: 2% cashback without limit (₹5,000 + GST annual fee)

Smart Tips

• Check if your insurance provider accepts Amazon Pay as payment method
• Use multiple Amazon accounts to maximize gift card purchase limits
• Consider using Park+ app for gift card purchases
• For Tata Neu Infinity, pay up to ₹25,000 via Tata Neu app for 5% rewards
• For larger payments, use direct payment method for 1.5% cashback
• If time permits, consider applying for SC Smart card for 2% cashback