Credit card has made payment very easy. Now we can easily shop or spend money even if there is no cash in the wallet. We all know that through credit card we can do shopping, book flight tickets, pay electricity bills.
Insurance has become very important in today’s time. To pay the insurance premium from time to time, we have to check the balance of our bank account. But, do you know that now you can also pay the insurance premium through credit card? Paying insurance premium through credit card is easy and it also has many benefits.
In this article, we will tell you how you can pay insurance premium through credit card.
this is the whole process
- First of all you have to visit the website or app of the insurance company.
- After this go to the insurance premium payment section.
- Now select the premium payment option.
- In the payment option, you have to select credit card.
- Now enter your credit card details and confirm the payment.
- If you want, you can also choose the option of auto-debit. After selecting the option of auto-debit service, the premium payment will be done automatically. In this, you will not have the tension of paying the premium again and again.
Let us tell you that paying insurance premium through credit card is a very good option. Let us know about its advantages and disadvantages.
What are the advantages and disadvantages
- Even if you do not have balance in your bank account, you can easily pay the premium.
- Paying the premium on time will have a positive impact on your credit score.
- Paying insurance premium on many credit cards earns you Credit Card Reward Points.
- If you choose the auto-debit option for payment, the premium will be paid on time.
Let us tell you that many insurance companies charge extra for paying premium through credit card. In such a situation, you should read the terms and conditions carefully before selecting this option.
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