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Insurance Premium Payment via Axis Ace

Faust

TF Premier
I have read about Axis cards being devalued (It was about Flipkart Axis but nothing specifically regarding Axis Ace).
Will I get 2% cashback on Axis Ace if I have an insurance premium with SBI Life of 1 lakh+?

The reason for taking the paid Axis Ace despite having LTF Flipkart Axis is that the yearly fee will be offset by the extra 0.5% CB offered by Axis Ace.

If the CB on insurance premium has been withdrawn, then I am inclined to cancel the Axis Ace and save the yearly fee.
 
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