🛡️
Best Credit Card for Insurance Premium in India (2026)
Quick answer:
Union Bank RuPay Select Credit Card gives you up to 4% back on insurance premium payments — the highest of any card we track. LIC Classic IDFC FIRST Credit Card is the best free alternative.
Top 10 Cards for Insurance Premium
Union Bank RuPay Select Credit Card
Union BankUp to 4% — directly optimised for insurance
LIC Classic IDFC FIRST Credit Card
IDFC FIRSTUp to 1.5% — directly optimised for insurance
Axis ACE Credit Card
AxisUp to 5% on bill payments
DBS Spark20 Credit Card
DBSUp to 20% on rewards category
Chennai Super Kings ICICI Bank Credit Card
ICICIUp to 10% on rewards category
HSBC Cashback Credit Card
HSBCUp to 10% on cashback category
SimplyCLICK Advantage SBI Card
SBIUp to 10% on cashback category
SBM OneCard Credit Card
SBM BankUp to 10% on rewards category
YES BANK POP-CLUB Credit Card
YES BankUp to 10% on rewards category
OneCard Metal Credit Card
OneCardUp to 10% on rewards category
How We Ranked These
We ranked all 239 credit cards in our database against Insurance Premium using three tiers of relevance:
- Direct match — cards specifically designed for or partnered with Insurance Premium (co-branded cards, direct accelerated rewards)
- Category match — cards that earn accelerated rewards on the spending category that Insurance Premium falls under
- Broad match — cards that earn elevated rewards on related or overlapping categories
Within each tier, cards are sorted by effective reward rate (highest first), then by CardTrail Score as a tiebreaker. Every number on this page comes from our database — nothing is fabricated.
Tips to Maximise Rewards on Insurance Premium
Insurance premiums are large annual payments — even 1% reward on ₹50K premium = ₹500 back
Some cards specifically exclude insurance from rewards — check the T&C
Paying via insurer's website directly may code differently than paying via aggregator
Free vs Paid: Is the Annual Fee Worth It?
Best Free Card
LIC Classic IDFC FIRST Credit CardIDFC FIRST · ₹0 annual fee
Up to 1.5% on insurance premium payments
Score: 7.7/10
Best Overall
Union Bank RuPay Select Credit CardUnion Bank · ₹499 annual fee
Up to 4% on insurance premium payments
Score: 8.2/10
At a monthly spend of ₹10,000 on insurance premium payments, the paid card earns ₹4.8K/year vs ₹1.8K/year for the free card — a difference of ₹3.0K. The paid card's extra rewards exceed its annual fee at this spend level.
Cards to Avoid for Insurance Premium
These are popular, well-rated cards that earn only their base reward rate on insurance premium payments. If you carry one of these, use a different card for Insurance Premium purchases.
IDFC FIRST · Score: 9/10 — but only 0.5% on insurance premium payments
American Express · Score: 8.7/10 — but only 1.25% on insurance premium payments
IndusInd · Score: 8.7/10 — but only 1.2% on insurance premium payments
HDFC · Score: 8.7/10 — but only 1% on insurance premium payments
IDFC FIRST · Score: 8.7/10 — but only 0.75% on insurance premium payments
These are great cards for other spending categories — just not for insurance premium payments. Use the top-ranked card above instead.
Related: Best Cards for Similar Spending
Frequently Asked Questions
Which credit card gives the highest cashback on Insurance Premium?
Is there a no-annual-fee credit card good for Insurance Premium?
How do credit card rewards work on Insurance Premium?
Which popular credit cards should I avoid using for Insurance Premium?
Found this useful?
Get notified when card rules change, benefits get devalued, or new cards launch. One email, only when it matters.