Thursday, November 20, 2008

PAY PREMIUM THROUGH CREDIT CARD


Can I pay my insurance premium through a credit card? Do they charge any extra interest?
Yes, you can pay the premium of your life insurance policy through a credit card, provided your insurers have an arrangement to accept payment through credit cards. Nowadays, most insurance companies do have this option. Deduction of extra charges would depend on whether your credit card company has a tie-up with your insurance company. If they do have such an arrangement, then there will be no extra charge as long as you pay off the full amount due on the credit card by the due date.