Payment of Insurance Premium

[SomeRandomName]

Hi,

This is hotly debated topic and people has made a lot of threads on this.
However, i want to know the latest options available out there.

Premium Amount = 104500

4 cards which I am considering.

DCB Black (Pay Directly) - 3.33% as points.
SBI Cashback Card - 5% (Can you please help me where to buy Amazon GV worth 1,04500) , Gyftr, SmartBuy is over.
Amazon ICICI Pay card - 2% (Buy GV from Amazon)
Tata Neu Infinity Card - 1.5% (I checked from tata neu app, 1L+ do not show CC option)



Mostly, I want to know do we have option to buy Amazon GV worth 1L+ now?

 

[sudheerreddy]

Check this thread:

(Working Again) Trick to get 5% cashback on Amazon gift card using SBI Cashback credit card

Found a trick to get 5% cashback on Amazon gift card purchase using SBI Cashback credit card: Note - This is Amazon gift card purchase. You can use for Recharge, utility billpay, insurance, LIC, Amazon 3rd party merchant payment like Cleartrip, makemytrip, swiggy, MPL etc. There is also no...

www.technofino.in

 

[sid16]

If it's for LIC, did you know that LIC always allows 1 month of grace period past the due date. So you can try to use Magnus for Burgundy and Infinia for 40k worth of vouchers next month, and then balance could be paid via SBI Cashback.

 

[the_dark_knight]

Whats this insurance product basically , if you are comfortable sharing? Like ULIP investement product or something? Also does amazon has paymnet option for all such ULIP investment products that provide tax benefit in 80c and 801010D on maturity?

 

[SomeRandomName]

yes, kind of invesment policy

 

[SpiesCan'tCatchMe]

Can you divide the amount in two or more parts ?

 

[SomeRandomName]

nope, i cannot

 

[SomeRandomName]

Anyways, I have purchased 20k amazon GV from my smartbuy (DCB) and 20K from my friends (DCB). Will buy 40 similaly next month