Best Credit Card for Insurance Premium Payments in India (2026)
Turn your insurance premium into credit card rewards — the cards that work.
Insurance premiums are large annual payments — ₹20K-₹1L+ for health, term life, car, and home insurance. The right credit card can earn 1-5% on these payments.
But insurance premium payments sometimes code differently (MCC 6300 or 5960) and some cards exclude insurance from rewards. Here's what actually works.
All cashback figures below are calculated at ₹50,000/month spend in this category, using our cap-aware calculator that accounts for monthly limits and fallback rates.
Our Picks
3.33% on everything including insurance. On a ₹50K annual premium, that's ₹1,665 back. No exclusion for insurance payments.
Some insurance companies accept payment via Google Pay. If yours does, Axis ACE gives 5% (up to ₹500/mo cap). Check if your insurer supports GPay.
5% up to ₹10,000/mo, then 0% (no cashback). Cap: ₹500/mo on accelerated categories
3.5% on everything including insurance premiums. Higher than Infinia but higher fee (₹4,999/yr). Worth it if your total annual premiums exceed ₹1.5L.
If insurance is your top spending category in a month (pay all premiums in one month), OneCard may auto-apply 5x rewards. Worth testing with a small premium first.
If you pay insurance premium through the insurer's website (online transaction), SBI Cashback gives 5%. Subject to the ₹5,000/cycle cap.
Cap: ₹5000/mo (you're under it)
Pay insurance premiums with your highest flat-rate card — Infinia (3.33%), AU Zenith+ (3.5%), or SBI Cashback (5% online). On ₹1L annual premiums, the right card earns ₹3,300-₹5,000 back. Always pay annual (not monthly) to minimize processing charges.
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Do all cards give rewards on insurance premiums?+
Most do, but some exclude insurance payments (MCC 6300) from reward calculations. Check your card's terms. HDFC Infinia, AU Zenith+, and SBI Cashback are confirmed to reward insurance payments.
Should I pay insurance via credit card or bank transfer?+
Credit card if your card earns 2%+. The 1-2% rewards offset the small convenience charge (if any). Some insurers offer 0% convenience fee for card payments.