CardAgent

Best credit cards for insurance premium payments (2026)

Cards ranked by earn rate on insurance premium payments. Insurance is a common excluded category — verify each card's terms before large payments.

  1. 1
    ICICI Bank
    ICICI Diamant Credit Card
    6% on Insurance premiums₹11,800/yr incl. GST
    6 pts/Rs100 on INTERNATIONAL spends specifically
    90
  2. 2
    Federal Bank
    Jupiter Aurora Metal Debit Card
    5% on Insurance premiumsCap ₹1,000/mo₹9,439/yr incl. GST
    5% cashback on eligible debit card spends, capped ₹1,000/month (~₹12,000/year). Minimum txn value & eligible MCCs apply. Paid as Jewels (5 Jewels = ₹1).
    41
  3. 3
    Kotak Mahindra Bank
    Kotak811 Super Platinum Debit Card
    5% on Insurance premiumsCap ₹500/mo₹354/yr incl. GST
    FLAT 5% cashback up to ₹6,000 per year. Only on ECOM & POS spends. Requires single credit deposit of ₹10,000 in the month.
    30
  4. 4
    SBI Card
    SBI Aurum Credit Card
    4% on Insurance premiums₹11,799/yr incl. GST
    4 RP/Rs100 uncapped base rate, premium tier
    77
  5. 5
    ICICI Bank
    ICICI Bank Emeralde Credit Card
    4% on Insurance premiums₹14,160/yr incl. GST
    4 RP per ₹100 on retail spends → ~1% effective at ₹0.25/RP statement credit
    31
  6. 6
    HDFC Bank
    Infinia Credit Card
    3.33% on Insurance premiums₹14,750/yr incl. GST
    5 RP per Rs 150 spent; RP value Re 1 when redeemed via SmartBuy for travel
    85
  7. 7
    Standard Chartered
    Standard Chartered Ultimate Credit Card
    3.33% on Insurance premiums₹5,900/yr incl. GST
    5 pts/Rs150 = 3.33%, uncapped, broad category coverage; 1pt=Rs1 flat value
    71
  8. 8
    ICICI Bank
    ICICI Emeralde Private Metal Credit Card
    3% on Insurance premiums₹14,749/yr incl. GST
    6 RP per Rs 200 (~3%), incl. insurance/education/utilities; capped 1,000 RP/category/cycle
    87

How we rank

We compute an effective % back for each card's Insurance premiums reward rule as rate × point value, cap-aware, and rank by that number. Ties are broken by the CardAgent overall score, which weighs reward value (70%), fee efficiency (12%), redemption flexibility (9%), and perks (9%). All fees are shown inclusive of 18% GST. See methodology and full catalog.

FAQ

Do reward cards earn on insurance?

Some do (HDFC Millennia earns 1% on insurance; ICICI Amazon Pay gives 1%); premium cards like Infinia and Magnus explicitly exclude insurance from accelerated rewards but still earn base rate.

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