Can I pay premium of LIC from credit card?

Can I pay premium of LIC from credit card?

This facility is available for all non-ULIP policies. Now the payments can be made using VISA/Master Credit Card (Domestic Only) with some convenience charges.

Which credit card is best for LIC premium?

Best Credit Cards for Insurance Spends in 2020

• HDFC Bank.
• SBI Cards.
• Axis Bank.
• ICICI Bank.
• Standard Chartered.
• Yes Bank Credit Cards.
• American Express.

Is there any discount on LIC premium online?

You can get 1% cashback on LIC premium payments. The maximum cashback is Rs. 200 per card. This offer is only valid on online transactions.

What Credit Cards give rewards for insurance?

Offers of Best Credit Cards on Insurance Premium Payment

Can you pay insurance premiums with credit?

At least within the individual-market Marketplace, insurers are required to accept money orders and pre-paid debit cards. They do not have to accept credit card or debit card payments unless states make that a requirement, although many insurers currently accept all of these forms of payment.

Can LIC premium be paid in cash for 80C deduction?

Premium on life insurance policy can be claimed as deduction under section 80C.In case of an individual, deduction is available in respect of policy taken in the name of taxpayer or his/her spouse or his/her children. In case of a HUF, deduction is available in respect of policy taken in the name of karta.

Which is the best credit card in HDFC?

Best HDFC Credit Cards Of 2022

• HDFC Bank Regalia Credit Card.
• INFINIA Credit Card Metal Edition.
• Business MoneyBack.
• Platinum Times Credit Card.
• InterMiles HDFC Bank Platinum Credit Card.
• Methodology.
• Frequently Asked Questions (FAQs)

Which app is best for LIC premium payment?

LIC has partnered with popular apps like Google Pay, PhonePe, and Paytm to make premium payment smoother for customers. To make a premium payment, LIC customers can also use the LIC Direct App.

Can I use my credit card to pay insurance?

You can pay for almost anything with a credit card in today’s world, and that includes your car insurance. Most car insurance companies will allow you to pay your insurance premium with a credit card and even offer flexible payment options.

Can we purchase insurance by credit card?

Credit Card Insurance on Purchases It is a type of insurance that you can avail on all the items you purchase with a credit card. In the case of any damage or loss to the purchased item, you can claim this insurance. Generally, a claim window of 180 days from the date of purchase is allowed.

Can we buy insurance through credit card?

You can pay for car insurance with a credit card, but it might cost extra. All of the top 10 auto insurance companies accept credit card payments, as well as bank transfers, paper checks, and money orders.

Can husband claim wife’s LIC premium?

No other deductions are available for premium paid if the policy is in the name of any person other than yourself, your spouse and your children. Yes, either the insured or the spouse can claim the benefits for the premiums paid by the other.

Is LIC comes under 80CCD?

Individuals can contribute to National Pension Scheme (NPS) and claim an additional tax deduction of up to ₹50,000 under Section 80CCD(1B) of the Income Tax Act. The deduction is exclusive to NPS contributions and LIC plans do not qualify for tax deduction under this section.

Can LIC premium be paid by Google Pay?

Login to Google Pay (G Pay) mobile app and pay your LIC premium within 3 steps to avoid the rush for payment of insurance premium at online counters or bill pay portal on registration, Just link your Life Insurance Corporation of India policy number to Google Pay and complete your payment at any time…

What is ECS LIC?

ECS facility for payment of premium was started in L.I.C. since March 2004. This is a facility by which premium is deducted by bank at pre-decided date and remitted to LIC.