Let’s look at how to pay insurance premiums by credit card (non-life insurance/life insurance).
Different insurance companies have different policies on how to pay premiums by card.
For example, the most common methods are automatic payment through a customer center agent, monthly application or credit card payment by contacting the customer center.
The types of credit cards that can be used for payment vary by insurance plan and insurance company, and credit card payment availability also varies.
Therefore, when purchasing insurance, it is necessary to check in advance whether insurance premiums can be paid with a credit card at an insurance agency or store. For those in a hurry, I’ll attach the relevant link below. 신용카드 보험료 납부
🔽You can check more details below🔽
▶Click here to see insurance premium credit card payment system 좋은뉴스
▶Confirmation and inquiry of the recipients of the Home Tax Worker Subsidy
▶2023 government support microloan method for the unemployed
▶ Unrefunded Integrated Inquiry Refund
▶Parking bankbook interest rate comparison, recommended ranking by bank
How to pay insurance premiums by credit card (1)
How to pay insurance premiums by credit card
You can check the insurance products that can be paid with a credit card for each insurance company at the Public Information Office of the Life Insurance Association and the Public Information Room of the General Insurance Association of Korea, where you can check how to pay insurance premiums with a credit card.
🔽You can check popular articles below🔽
▶Click here to see insurance premium credit card payment system
▶Confirmation and inquiry of the recipients of the Home Tax Worker Subsidy
▶2023 government support microloan method for the unemployed
▶ Unrefunded Integrated Inquiry Refund
▶Parking bankbook interest rate comparison, recommended ranking by bank
Credit card payment availability may vary depending on the insurance product purchased.
If you pay your premiums by credit card, you can deduct your premiums at year-end tax settlement, but please note that credit card deductions are not available.
In the case of non-life insurance, how to pay premiums by card
In the case of Meritz Fire & Marine Insurance, when registering a card through the customer center, the card payment method for each major insurance company is changed to automatic card payment.
▶Insurance premium credit card payment system
After that, the amount is automatically paid to the registered card according to the debit card. For more inquiries, please visit the customer center.
In the case of Hanwha General Insurance, credit card payment is possible through the call center or chatbot service. However, only monthly premiums are paid, not automatic payments.
For automatic credit card payment, please bring your identification card and the card to be registered before visiting the customer center.
In the case of Lotte Insurance
Lotte Insurance has different payment methods depending on the card. For automatic card payment, first contact the customer center and register the card.
On the other hand, if you pay with a third-party card, you may have the hassle of having to call the card every month to request payment.
At Hyundai Marine & Fire Insurance, you can register and change credit cards through the credit card registration, change, and cancellation menus on the website or app.
However, after registering the card, you must notify the contracted store or the planner in charge of your intention to pay the surcharge for the registered credit card.
In this case, you must announce your intention to cancel the existing direct debit to prevent double withdrawal of insurance premiums.
In the case of KB Insurance
In the case of KB Insurance, you can change to automatic card payment by accessing the homepage, logging in, and calling the LC in charge of the insurance you signed up for.
▶Click here to see insurance premium credit card payment system
When the registration of automatic card payment change is completed at the LC in charge, you can cancel the existing automatic transfer by calling the KB Insurance Customer Center.
In addition, you can check payment by card from other insurance companies by contacting the customer center. Please note that the method may differ depending on the insurance product you subscribed to and the policy of the insurance company.
In the case of life insurance, how to pay premiums by card
In the case of life insurance, there are many long-term insurance products and many expensive products, so there are few places where life insurance companies receive card premiums.
Please note that products that can be paid by credit card are limited to protected products, not savings products.
Mirae Asset Life Insurance offers non-face-to-face and online channels among insurance products, and credit card payments are available at BC, KB Kookmin Card, Samsung, Hana Hyundai, and Lotte.
🔽You can check popular articles below🔽
▶Click here to see insurance premium credit card payment system
▶Confirmation and inquiry of the recipients of the Home Tax Worker Subsidy
▶2023 government support microloan method for the unemployed
▶ Unrefunded Integrated Inquiry Refund
▶Parking bankbook interest rate comparison, recommended ranking by bank
In Linea Life Insurance, if you select card payment when paying insurance premiums through the app, you can pay directly by card every month.
In the case of Dongyang Life Insurance, please contact the customer center to check the issuance date of your ID card before proceeding with credit card payment.
Shinhan, Hyundai, Samsung, and BC cards can only be used for insurance products. In addition to the above, please contact the insurance company customer center.
In case insurance premium is paid by credit card
If you look at the case of paying insurance premiums with a card, 17 insurance companies operate a card payment system. Property and casualty insurers have relatively fewer long-term products than life insurers.
On the other hand, in the case of life insurance companies, the credit card settlement index of Samsung Life Insurance and MetLife Life Insurance is less than 1%.
The reality is that many insurance companies, such as Hanwha Life Insurance and Kyobo Life Insurance, refuse to pay by credit card for insurance products.
The reason why insurance companies avoid paying by credit card is that the fee that the card company has to bear reaches up to 2%.
In particular, life insurance products have long premium payment periods and high premiums.
There are various types of cards that receive discounts and benefits when paying insurance premiums, so please contact the relevant customer center to check the discount card.
So far, we have looked at how to pay insurance premiums by credit card (non-life insurance/life insurance).