Amazon Pay gift card balance to buy new MaxLife policy

74°
Deal Cadet
freeloaderz

1) Can someone with experience, confirm if one can use Amazon Pay balance (after adding Amazon Gift Card) for making payment of new MaxLife term insurance policy?

2) Also, say if premium is 30,000 INR but I only have Amazon pay balance of 10,000, do I need to pay full 30,000 using credit/debit card or I can use 10,000 and pay only remaining 20,000 using credit/debit cards.

I want to know this before I start buying more gift cards.

14 Comments  |  
7 Dimers
  • Sort By
Benevolent Benevolent
Link Copied
Don't buy any policy from them
Deal Newbie Deal Newbie
Link Copied
kukdookoo wrote:
Don't buy any policy from them

Any specific reason?

I already bought a policy 2 years back.


Deal Cadet Deal Cadet
Link Copied
Expand
AppyN3o wrote:

Any specific reason?

I already bought a policy 2 years back.


Yeah like, why no policy from MaxLife? I came to ask something and then see this comment from @kukdookoo biggrin
Deal Newbie Deal Newbie
Link Copied

You cannot for the first premium as the payment link send by them will not have wallet option

Benevolent Benevolent
Link Copied
Expand
AppyN3o wrote:

Any specific reason?

I already bought a policy 2 years back.


If it isn't a term insurance then all rest of the policies are a way for them to make money and for the insurer it gives poor returns
Deal Cadet Deal Cadet
Link Copied
Expand
kukdookoo wrote:
If it isn't a term insurance then all rest of the policies are a way for them to make money and for the insurer it gives poor returns
Understood. I am looking for a term insurance so I guess it should be good 🤞🏻
Deal Subedar Deal Subedar
Link Copied
Expand
freeloaderz wrote:
Understood. I am looking for a term insurance so I guess it should be good 🤞🏻

New policy cant be bough using apay balance, but you can get 5-10% through agent

Deal Cadet Deal Cadet
Link Copied
Expand
legend101 wrote:

New policy cant be bough using apay balance, but you can get 5-10% through agent

Like you mean I can get 5-10% back through agent? I always thought having an agent will mean increase in premiums, what am I missing here...
Deal Subedar Deal Subedar
Link Copied
Expand
freeloaderz wrote:
Like you mean I can get 5-10% back through agent? I always thought having an agent will mean increase in premiums, what am I missing here...
Agents give 5-10% of premium as cashback from their commission, and its almost same online or offline for max life. @third.i.financial.advisors can provide for more info. I bought term plan from max offline last month
Deal Newbie Deal Newbie
Link Copied
Expand
kukdookoo wrote:
If it isn't a term insurance then all rest of the policies are a way for them to make money and for the insurer it gives poor returns

Yeah i have term only

Helpful Helpful
Link Copied
5sss wrote:

You cannot for the first premium as the payment link send by them will not have wallet option

Cant do for first payment ... can pay from second year.
Generous Generous
Link Copied
kukdookoo wrote:
Don't buy any policy from them

Bought 3 , 4 years ago. Can you please specify why you said no? Are they cheats or something ☹️

Benevolent Benevolent
Link Copied
Expand
magur wrote:

Bought 3 , 4 years ago. Can you please specify why you said no? Are they cheats or something ☹️

term insurance or something else?
replyuser
Click here to reply
Reply