We use credit cards for everything from shopping to ticket booking. But do you know that you can also pay insurance premiums with your credit card? Let us tell you that paying insurance premiums with a credit card is quite easy. Also, it has many benefits. Let us know how you can pay the insurance premium with your credit card on time. 

This is the complete process of payment by credit card 

• Visit the insurance company's website or app
• Then go to the payment section
• Now choose the premium payment option
• Choose the Credit Card payment option from the available payment options
• Enter your credit card details
• After this confirm the payment 

You can also choose the option of auto-debit

You can also set up an auto-debit facility for insurance premium payments. By doing this, your premium will be paid automatically. Using a credit card to pay insurance premiums may be a better option, but it is important to weigh its pros and cons as well.

Advantages and Disadvantages of Paying Premium through Credit Card

• Pay without bank balance: You can make payments without keeping the full amount in your bank account.
• Improve credit score: Timely payments can help improve your credit score.
• Benefit of Reward Points: Many credit cards offer reward points on payment of insurance premiums. 
• Timely Payment: Choosing the auto-debit option from your credit card ensures that your premiums are paid on time. 
• Additional Charges: Some insurance providers charge additional fees for credit card payments.