Can I buy insurance by credit card?
In fact, as long as you search online, it is not difficult to see that since 20 17, there have been banks that are not allowed to buy insurance with credit cards.
Of course, it is not that banks are unwilling to do so, but that the China Insurance Regulatory Commission has issued relevant regulations that explicitly prohibit major insurance companies from using credit cards to pay life insurance premiums.
Insurance that cannot be paid by credit card
In fact, the relevant regulations issued by the CIRC only restrict the practice of purchasing life insurance by credit card, that is to say, except life insurance, other types of insurance do not clearly stipulate that credit card payment cannot be made.
For example: auto insurance, property insurance, etc. There is no problem with credit card. In fact, banks are also willing to buy insurance by credit card, but they do not encourage or refuse.
Why is it forbidden to pay the premium by credit card?
Some insiders believe that it may be because more and more policyholders are actually cashing in through credit cards, which has increased the leverage effect for the insurance industry. This is a risky operation that is particularly harmful to the insurance industry, so it is understandable to be banned.
Matters needing attention in buying insurance by swiping credit card
0 1. In order to prevent the agent of the insured from paying the premium by swiping the credit card privately, the insured can pay the premium through the regular compulsory insurance channel instead of through the agent. Although it is a bit troublesome, it also effectively avoids unnecessary economic disputes.
Although some banks can purchase insurance by overdraft credit cards, the monthly insurance premium will be automatically deducted from the credit cards.
But I want to remind you that you must repay the loan on time every month, otherwise the credit card will be overdue and the loss will outweigh the gain.
Finally, Xiaoxiao Financial Research Institute said that it is ok to buy insurance by credit card, except life insurance and other types of insurance, such as property insurance.
If you buy personal insurance, don't think about swiping a credit card in the future, but you can also get funds by withdrawing cash and paying premiums.