How to pay Life Insurance Premium at a Discount?

Gone are the days to pay Life Insurance Premium via agents or related sources. You can pay them online and open doors to discounts and/or cashback rewards. Moreover, you can get yourself a life insurance policy online without any agents to save more. Leading companies such as LIC, Aditya Birla, Aviva, Bajaj Allianz, Bharti AXA, and many more are available for digital payments. You can pay via their official portals or digital wallet platforms. If you pay via their official portals then benefits include rebates which vary from company to company. Besides, digital wallets can give you exciting rewards. Let’s check them out.

Amazon Pay has got many rewarding offers on payment of your Life Insurance Premium. You can pay them by visiting Amazon Pay -> Bill Payments/Insurance & Investments -> Insurance Premium.

Currently, the company is offering Rs 750 cashback on applying for Amazon Pay ICICI Bank Credit Card. You can buy Amazon Gift Cards worth the amount of your premium and then pay via them. To avail the AMEX Card offer, firstly you need to check the eligibility of your card. If eligible then save it in your account and then proceed for the transaction. If you are using the SBI SimplyCLICK Credit Card offer then your effective reward will be 3.5% with 1% cashback on paying its bill via HDFC Bill Pay using HDFC Easy Shop Platinum Card.

When you pay your Life Insurance Premium via Google Pay, you will get scratch cards worth upto Rs 1,000. There may be other offers as well, you can check its “Offers” section for this which regularly keeps on updating. Another option to save is by participating in Google Pay’s Go India game where you can win anywhere between Rs 101-501 by collecting tickets & kilometers on paying your premium.

PayZapp is offering 5% cashback upto Rs 150 per month on payment of bills which includes Life Insurance Premium. Apply the coupon code “BILLPAY” at checkout. Besides, make sure that your payment is of minimum Rs 200 and your KYC is done to successfully avail this offer.

PhonePe is one of the first digital wallets to start online payments of various company’s Life Insurance Premium. At start, it used to give great discounts and/or cashbacks but currently the rewards are somewhat up & down. Still, you can expect good offers from it considering its prominence among digital wallet apps.

Paytm generally comes up with promo codes which gives you discounts or cashbacks. Currently, it is offering 6% Paytm cashback upto Rs 1,000 on shopping from Paytm Mall via the promo code “MAHASHOPRB” for Life Insurance Premium. You can also use your Paytm Wallet balance to reduce the premium amount.

Currently, Mobikwik is running 1 offer on Life Insurance Premium. Here, you will get Rs 100 cashback by paying via Mobikwik UPI on its mobile app. Mobikwik comes up with many SuperCash offers so probably more better ones are yet to come.

How do you pay your Life Insurance Premium with/without a discount? Do share with us in the comments box below.