Amazon Pay Gift Card from Amazon

[kundan]

I have a few insurance bills of 1,02,000INR, 6500INR and 16500INR, I already have 20,000 Amazon Pay vouchers from Axis Gyftr.
I am trying to see what maximum reward I can get from the cards I have.

Cards:
1. Axis Magnus (1 lakh milestone still pending)
2. Amex - MRCC, Gold and Platinum Travel
3. IDFC VIstara card - got recently

A few questions:
1. I bought an Amazon Pay gift card from Amazon using an IDFC Vistara card and the merchant name in the app is Amazon Pay India. Will it count in my 30k milestone or not?
2. Can I utilize my remaining amount to achieve milestones on my Axis Magnus and IDFC Vistarta card by buying an Amazon Pay Gift card from Amazon itself?

Or any other solution so that I can pay my insurance amount and also reach the milestones of Axis Magnus and IDFC Vistara?

 

[Kumar93196]

No as per latest idfc guidelines insurance payments are under 1x rewards and not counted in milestones.

 

[akshayhs]

There's a limit on the maximum amount of gift voucher you can purchase in a given month. If I'm not wrong, here's the breakup

Amount	Cumulative duration
30,000	1 month
40,000	2 months
50,000	3 months

Just keep this in mind while others will answer your other questions because you cannot pay insurance using credit cards as per recent updates

 

[kundan]

There's a limit on the maximum amount of gift voucher you can purchase in a given month. If I'm not wrong, here's the breakup

Amount	Cumulative duration
30,000	1 month
40,000	2 months
50,000	3 months

Just keep this in mind while others will answer your other questions because you cannot pay insurance using credit cards as per recent updates

Thanks @akshayhs ..I can accumulate 1 lakh and Amazon Pay with kyc allows 1 lakh limit rest I can pay using debit card or UPI. I just want to make sure purchasing Amazon Pay gift card from Amazon still counts in milestone

 

[rohitnsync]

Can a premium amount (LIC) be paid in Amazon app using Apay gv balance?

 

[Rohith_Kumar_Sp]

Also, it is better to surrender LIC and put that money to mutual funds, if your using Jevan labh 836, you'll make more in compound than waiting for 5 or 6 years after final payment.

 

[aceventura]

Can a premium amount (LIC) be paid in Amazon app using Apay gv balance?

Yes, you can.

 

[CreditFreak]

what is the best way to buy amazon gift card for LIC payment? I own ICICI AP, HDFC neu plus, indus pinnacle, simplyclick, Axis Ace and flipkart.