Stop Losing ₹5,800+ on Insurance—9 Reward Hacks Every Indian Must Try!
Did you know your next insurance payment could earn you flight miles, cashback, or even hotel points? Most Indians are missing out on over ₹5,800 in rewards simply because they don’t know how to pay smartly. Thanks to a recent GST exemption and evolving fintech platforms, your life and health insurance premiums can now be a source of savings and perks—if you know the right tricks.
Let’s break down 9 powerful hacks shared by CA Nitin Kaushik that can turn your routine insurance payment into a rewarding experience.
1. GST-Free Premiums = Instant 18% Savings
Since September 22, 2025, most personal life and health insurance premiums are GST-free. That’s an automatic 18% discount—no forms, no fuss. Just renew after the rule change and enjoy the savings. This move makes financial protection more affordable and opens the door to stack rewards on top.
2. Pay via Amazon Pay for Extra Cashback
Using Amazon Pay to pay your insurance premium—especially with a high-reward credit card—can unlock up to 20% in cashback, miles, or loyalty points. Platforms like PolicyBazaar, CoverSure, and direct insurer portals support these payments.
Stacking bonus offers and milestone spends can multiply your returns. So, don’t just pay—pay smart.
3. Choose the Right Credit Card
Not all cards are created equal. Premium cards like:
- Axis Atlas
- HDFC Infinia
- Diners Black
- Tata Neu Infinity
…offer the highest reward value. Some even give up to 20% total rewards when you combine milestone bonuses and stacking offers. Even budget-friendly cards like SBI Cashback or Standard Chartered Smart offer 1–2% cashback, though with lower caps.
4. Use Voucher Stacking for Double Rewards
Here’s a pro tip: Buy Amazon Pay vouchers via platforms like Gyftr or InterMiles using your high-reward card. Then use those vouchers to pay your insurance premium. This lets you earn rewards twice—once on the voucher purchase and again on the premium payment.
Just remember: Amazon Pay usually supports ₹15,000–₹25,000 per transaction. Check your KYC status and insurer’s acceptance limits.
5. Don’t Wait Till the Last Minute
Third-party transactions can take 1–2 days to reflect. Fee structures also change frequently. So, plan ahead. Stay updated with your card’s reward terms and the payment gateway’s latest rules to avoid missed deadlines or reduced benefits.
6. Earn for Staying Healthy
Many health insurers offer no-claim bonuses. If you don’t file a claim, your coverage increases by 10–20% annually. Combine this with smart payment strategies and you’ll build long-term value—without spending extra.
7. Track Milestone Spending
Some cards offer milestone rewards when you cross spending thresholds. If your premium pushes you past one, you could unlock bonus points or cashback. Always check your card’s milestone structure before paying.
8. Use Secure, Verified Platforms
Stick to trusted portals like:
- PolicyBazaar
- CoverSure
- Your insurer’s official website
These platforms support secure payments and often run seasonal reward campaigns. Avoid shady third-party apps that might not honor your reward eligibility.
9. Stay Updated with Reward Trends
Fintech platforms and card reward programs evolve fast. Follow experts like CA Nitin Kaushik on X (Twitter) and subscribe to newsletters from your bank or insurer. Staying informed helps you adapt and maximize every opportunity.
Read also : iPhone 17 Price Cut :Save ₹5000+Online (Click here to know more)
🧠 Final Thoughts:
Stop leaving money on the table. With just a little planning, your insurance premium can become a source of cashback, travel perks, and better coverage. Use the right card, pay after GST turned zero, and explore stacking strategies. The next time you renew your policy, make sure you earn while you protect.
Stay tuned for keyword-specific external links and campaign suggestions once you share the keywords. I can also help you create WhatsApp banners or Telegram snippets to promote this article across your affiliate channels.
WHY SHOULD APPLY FOR SBI CASHBACK CARD
You can apply for up to 3 Add-on cards at no additional cost against every primary card
5% Cashback on Online spends (capped at Rs 5000 per month combined for both Online & Offline spends)
1% Cashback on Offline Spends
1% Fuel Surcharge waiver up to Rs.100 per statement cycle applicable on transactions between Rs 500 to Rs 3000
Join IndiaWorld WhatsApp
Follow us for Latest India, World News, Digital Trends
Join IndiaWorld Telegram
Get instant updates on India, Global Affairs & Digital Trends
🛍️ Recommended for You
If you buy any product on e-commerce websites, please use my affiliate links below. It’s a simple way to support my content while you enjoy the best offers. Appreciate your support always!
