What is the best way to pay LIC Insurance Premium? any discounts you're aware of?
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So even if theres 1 % discount it's good
Thanks guys in advance!
Amazon no longer working for LIC.
I have pay using amazon icici card and return 2% cashback as amazon pay.
Great cashback for LIC premiums
Axis Ace card on Google pay gives 2% cashback or 5% cashback?Can anyone please confirm.
2%
Lic return are worst in all ulipw etc. Even term insurance is twice expensive. Best to avoid any lic max has better claim settlement https://m.economictimes.com/wealth/insure/life-...
I have HDFC eashshop platinum repay card,
May I entitled for 5% Cashback.
In which way I need to pay LIC premium around 63000/-.
Is it any Cashback limit.
No cashback for easyshop rupay platinum debit card for paying lic premium. For 63k lic premium you need to look at credit cards like amazonpay(1%) or axis ace(2%) or lic axis card(version which gives 2%).
paying with credit card standing instruction is a good option, you will not miss your installment date and you get rewards also
Pay vai sbi simply click cc on Amazon (10X reward means 2.5%)
Got details from @Sunil_Vijayvargiya
HDFC app → Smartbuy → Inside smartbuy click Amazon → then pay lic premium from there.
You can see the banner of smartbuy at all times. After payment, I received mail that transaction done through smartbuy. I will confirm, if i get the 5% cashback or not.
If it works, this is the best way to pay LIC premium.
Is the Offer applicable on purchase of all products?
No, the cashback or rewards under this Offer is not applicable on purchase of: a) Amazon Pay balance b) Amazon Flight Tickets c) Gold and Silver coins d) Gift Cards including Bank cards (Such as RBL and ticket compliment GCs) e) Axis Bank and Joyalukkas Gift Vouchers f) Bill Payments and Recharges g) Amazon Prime membership
You won’t get any cashback 😂😂
Informative 
Buy amazonpay voucher from gyftr.com by HDFC credit card and get 5 to 10% discount
I need to pay a premium of 1.5 lacs, amazon doesn’t allow over 1 lac
I’m thinking of paying via hdc millenia directly
Axis ace card 5% cb
Will pay via sbi simply click. Amazon voucher of 2000 + milestone voucher of 2000 from Cleartrip. + Annual fee waiver benefit
Amazon pay icici card would give 2% reward points = 2950
Bill payment on amazon via simplyclick now gives 1.25% so for 1 lakh bill payment on amazon via simplyclick you get 1250 worth reward points & incl cleartrip gv of 2k for 1 lakh milestone that means total 3250 assuming you use cleartrip gv because selling it will get you around 1600.
How about buying Amazon vouchers from gyftr using IDFC credit cards ? For spends above Rs 20000, the reward rate goes up to 2.5%.
So if you buy about Rs 1 Lakh worth of amazon vouchers .. the blended reward rate is approx 2.3%
I havent tried this myself.. but just an idea.
Amazon now start placing limit on max amount of gv purchased using a credit card which is usually 5-20k per month per cc.
Hdfc smartbuy amazon 5% CB – Is it valid on bill payments also?
I thought only on shopping…
Plz advise
And whats the upper limit on CB
Buy Amazon gift card from smartbuy.
Anyone tried with Diner Club / Infinia credit card… and verified if we get 5X reward points using amazon via smartbuy for insurance payment.
I have registered my lic in HDFC smart pay.. And bill payment is done automatically before due date.. Using HDFC millennia credit card for it.. getting 5% as cashback as rewards points… Value of 1 reward point is equal to 1 rupees.. accumulating 2500 rewards points and then redeem it against my total outstanding of credit card ..
But there’s a limit of 750/1000 CB per month right? How are you getting 2500?
Except Term insurance, why do people even buy so called 2in1 insurance policy from LIC. NOT EVEN BASUC FINANCIAL KNOWLEDGE AND PAYING 10-20LAC OF PREMIUM A YEAR.
the insurance company invests that amount in debt/equity so it’s practically an investment-cum-insurance avenue
Use axis ace @ 2% discount
Use one card 500 Discount last month was the offer
People invest in LIC because of its name I work in a govt. Office all the older employees above 30 yrs of age has LIC policies and they invest same amount in ppf in FY and same in LIC but newer employees are not buying LIC they are investing in mutual funds and NPS. Most people just continue LIC because it is for 15-35 years and by the time (after 15 years) they receive returns they can’t do anything because we don’t know how much is interest rate agent always says BONUS BONUS BONUS
So are you suggesting, we should not buy LIC policies ??
Yup use ur mobikwik American express card on Amazon pay and get 3%
3% cashback or Supercash?
Icici Amazon Pay card for 2% cashback
Flipkart Axis Cashback Card for 1.5% cashback
Amazon add money 2000 pe 50rs every day send at least 1rs n get this offer every day
Best option:
1. Put the full premium amount in liquid mutual fund with zero exit load.
2. Use UNI or SLICE to pay premium to repay it in 3 installments.
3. 3-4 days before credit card payment dates, sell 1/3 of mutual fund, and use it to pay credit card bill.
4. Repeat step 3 for remaining 2 installments.
If you calculate, it will be a huge saving.
ar agr market 5% down hogi to?
Guys,
I have around 80k premiums of lic and Aviva in this month. Please advise best option.
These are the options I have 1. Mobikwik supercash : it’s not allowing to use for LIC and other insurance payments. I accumulated around 1k SC, which go wasted.
2. Paytm Citi card: I think this will give me 3% CB
3. APAY CC: As non prime member not sure if I get 2% or not.
4. Axis Flipkart card: I may get Flat 1.5% CB
5. HDFC Regalia : Not sure how much I can save. Hdfc is charging rs. 99 for evry GC redeemed, which is loss I believe.
Is there any better option?
Use zomato edition card 1.5% cashback on all online transaction.
Icici Amazon pay credit card
pay via gift card balance. I did on 2nd may
All.LIC policy except Term insurance is kind of scam. Why include insurance with income generating. Already LOC works as market stabiliser and government tool to buy loss making company. Sometimes You will get less money than inflation rate. Better to close such policy.
My Policy is not retrieving on PayTm and Amazon pay site,
Possible reasons may be 1, its term policy 2, its more than 10k premium.
What is the best way to pay LIC premium. I can manage any card which have best offer.
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Pay using HDFC card via smart pay using Amazon, get 5% up to 2k