Advice Needed- Best way of Insurance Premium Payment of 41k

Amazon pay icici 2% via Amazon 

Check trading section for 2-3% discount on Amazon egv

Axis freecharge credit card will fetch 5%, (although it will charge 1% + gst on premium amount).

I_AM_5RAV5 wrote:

Amazon pay icici 2% via Amazon 

Smartbuy hdfc regelia can earn 5x rp,

AjgarJurraat wrote:
Are you sure it gives 2% APB back?

Yes if you pay via Amazon 

sendhil.warrior304 wrote:

Smartbuy hdfc regelia can earn 5x rp,

Op you can buy upto 10k only. 1.25+gst charges are there on amazon egv

I_AM_5RAV5 wrote:

Yes if you pay via Amazon 

And does it have a Max limit?

AjgarJurraat wrote:
Are you sure it gives 2% APB back?

Not giving now. Use licindia website for 1% cashback 

Use intermiles and get 5% discount on Amazon GV with miles, Miles can be earned by surveys

@guest_999 @Ramta_Jogi @sendhil.warrior304 @Seinfeld
Need suggestions guys!

itsmehd5 wrote:

@guest_999 @Ramta_Jogi @sendhil.warrior304 @Seinfeld
Need suggestions guys!

I just use Infinia for all payments. From 150 rupees upwards. 

itsmehd5 wrote:

@guest_999 @Ramta_Jogi @sendhil.warrior304 @Seinfeld
Need suggestions guys!

I_AM_5RAV5 wrote:

Op you can buy upto 10k only. 1.25+gst charges are there on amazon egv

From your existing cards 

Load AGV via regalia smartbuy route. Then pay the rest using ICICI APay card.

If your payment is next month then you can get 10+10k AGV @ ~3.5% off in SB using regalia.

Additionally if you can, the millennia DC might be easiest to get your hands on. If you already have an existing hdfc dc use that for AGV from a different SB account and then do a change request to millennia dc (in case it’s free for your hdfc account). Millennia dc will give a bit better CashBack on SB, use it on another SB account. I think in this way you can accumulate your full needed AGV at good discount.

AjgarJurraat wrote:

And does it have a Max limit?

Best & most hassle free option for future reference, open a 1 year FD of 38k today at 8.2% interest rate in Equitas bank & same time next year pay the insurance premium using any cc then pay that cc bill using the matured FD amt.

guest_999 wrote:
1 lakh is the supposed limit but depending on your luck the amazon system may allow payment of a bit more than that in a single txn.

arunhegde wrote:
1 lac limit total using gv + card payment or we can pay 1.20L using combination of GV + apay card ?

What about 5% with hdfc millennia through amazon upto 1000 points rewards and also 2% on axis ace through amazon 

guest_999 wrote:

Best & most hassle free option for future reference, open a 1 year FD of 38k today at 8.2% interest rate in Equitas bank & same time next year pay the insurance premium using any cc then pay that cc bill using the matured FD amt.

@guest_999  That's for next year bro...What about this year payment i.e. April'23

Will Amazon Pay ICICI fetch 2%?
Also Axis Ace- Will that fetch 2%?

itsmehd5 wrote:

@guest_999  That's for next year bro...What about this year payment i.e. April'23

Will Amazon Pay ICICI fetch 2%?
Also Axis Ace- Will that fetch 2%?

Amazon pay will fetch 2% yes either direct payment via Amazon or by first buying GC

Axis ace will give 0 if paid directly on LIC, it will give 2% as long as gateway is not detected as insurance (so Amazon gift card will give 2%)

avgn wrote:

Amazon pay will fetch 2% yes either direct payment via Amazon or by first buying GC

Axis ace will give 0 if paid directly on LIC, it will give 2% as long as gateway is not detected as insurance (so Amazon gift card will give 2%)

avgn wrote:

Amazon pay will fetch 2% yes either direct payment via Amazon or by first buying GC

Axis ace will give 0 if paid directly on LIC, it will give 2% as long as gateway is not detected as insurance (so Amazon gift card will give 2%)

itsmehd5 wrote:
@avgn What about if I pay LIC bill via Amazon app through my Axis Ace credit card? Will that fetch 2%?

avgn wrote:
It's risky as it may go under insurance/utility category so no cashback. Buying gift card first and then using it is better.
Or just directly pay via Amazon ICICI card if you want to avoid gift card route.

Why would someone avoid the gift card route? Any drawbacks of using many gc?

aniket.s.gupta wrote:

Why would someone avoid the gift card route? Any drawbacks of using many gc?

itsmehd5 wrote:
@avgn  I read AMAZONINSES as Merchant Name while paying LIC bill through Amazon via Axis Ace credit card...Not sure whether it would qualify for 2% cb

Next time , Apply for Axis Bank LIC signature Credit card. It is LTF and it provides a flat 2% CB on LIC premium payment without any cap. I also use the same.