Is it legal to pay insurance premium of father, mother by son using his credit card?

[Sriim]

How does Add-on cards work in this case? Original card will be in somebody’s name and add-on card will be in relative’s name

They allowed add on with my mother's name on it

 

[rafzy]

I

There was one instance some days back (can't find the link for now) where person paid the premium to the agent in cash and agent paid that rom his side. At the time of claim, company denied the claim stating that premiium was not paid by insured person and by some other person.
It might be different for family members and it might be ok to pay for family member's premium. But this area needs to be cleared out surely.

read this too quite recently and was searching for that only. not sure if it was a youtube video

 

[Sobirvs]

I

read this too quite recently and was searching for that only. not sure if it was a youtube video

is this true?

I want to pay my father's and mother's LIC , (both seperate policies) with my brother's credit card online.

someone update. What BS is this lol

 

[Riya]

is this true?

I want to pay my father's and mother's LIC , (both seperate policies) with my brother's credit card online.

someone update. What BS is this lol

Definitely you can pay on their behalf and advice that they(your relative) can claim that in income tax deductions too if there is a chain of transactions from them to you...
If Parents pay premium for their children then will it means that the child cannot claim for insurance... That's complete nonsense

 

[Sobirvs]

Definitely you can pay on their behalf and advice that they(your relative) can claim that in income tax deductions too if there is a chain of transactions from them to you...
If Parents pay premium for their children then will it means that the child cannot claim for insurance... That's complete nonsense

how to pay for lic premium without convenience fee and best rewards via cc?

 

[Riya]

how to pay for lic premium without convenience fee and best rewards via cc?

Do LIC charge convineince fee on their portal?
Since insurance is very low MDR category hence I pay through APay Card for 1% only

 

[Sobirvs]

Do LIC charge convineince fee on their portal?
Since insurance is very low MDR category hence I pay through APay Card for 1% only

basically i want to upgrade to infinia so i am focussing on putting this spends there on regalia gold, so how do we go abt it? LIC premium is of 1L+ so amazonpay isn't an option i guess as it doesn't let balance reach more than 1L afaik

 

[Riya]

basically i want to upgrade to infinia so i am focussing on putting this spends there on regalia gold, so how do we go abt it? LIC premium is of 1L+ so amazonpay isn't an option i guess as it doesn't let balance reach more than 1L afaik

I'm not saying about amazon pay balance but Apay card.. my premium is also in north of 3L+ hence no option left for me other than Apay card...
No other card that I possess give even that much return

 

[Sobirvs]

I'm not saying about amazon pay balance but Apay card.. my premium is also in north of 3L+ hence no option left for me other than Apay card...
No other card that I possess give even that much return

hmm, i understand but want to use regalia gold, hence looking for a way to do so.

 

[salisburry44]

hmm, i understand but want to use regalia gold, hence looking for a way to do so.

Check payzapp once. I think it doesn't have convenience charge. Its not showing for me on hdfc policy premium with hdfc cc