Help required for LIC payment credit card Offers

Help required for LIC payment credit card Offers

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Deal Cadet
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Hi Dimers

I have to pay insurance premium of around 1.25 lakhs. if anyone is aware of any credit card offer. please let me know.

Thanks in advance

9 Comments  |  
8 Dimers
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Deal Cadet
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At present there is no offer available for lic payments. If you have amazon pay icici credit card then you can get 1 percent cashback. Almost all other credit cards won’t offer any cashback for insurance payments.

Which credit card do you have?
Is that a single emi of 1.25 lakhs. Most of the wallets doesn’t allow such huge payments in single transaction.

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Deal Subedar
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SBI Prime credit card- 5% cashback

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_One_Miller_ wrote:

SBI Prime credit card- 5% cashback

What would be the maximum cashback limit?

Tenor %281%29
Deal Cadet
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JaiKrish1031 wrote:

What would be the maximum cashback limit?

Well, the cashback is sort of credit to bill.
5% is the reward rate for sbi prime when the payment is done via Standing instructions and there is no cap on the reward points earned from standing instruction.

so, assuming you apply for standing instruction way before the bill for 1.25L is generated, you would get the following in your card once the payment is successful:

RP – 25000 (20Rp per 100Rs)
value of 25000 RP – 6250Rs (which is basically 5% of 125000).
but for this, you have to pay 99+GST to redeem those 25000Rp. all in all (6250-99-GST) will be your final earning as a cashback.

PS- what i do is, i pay all my bills via SI and accumulate huge points and later redeem once i reach somewhere near to 1L RP.

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Deal Newbie
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try hdfc smart bill pay

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Deal Cadet
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Pm me can get you 1.5% discount

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Deal Cadet
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Anyone knows credit card or wallet offer on LiC payment??

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Deal Cadet
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Any lic offer?

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