Can Ping An Insurance Company’s premiums be paid with a credit card?

First of all, let’s answer the question. Premiums from Ping An Insurance Company can be paid with credit cards. The method of paying premiums using a Ping An Bank credit card is as follows: the first step is to log in to Ping An One Account; the second step is to click "Credit Card"; the third step is to click "Value-Added Services" and find "Pay Ping An Life Insurance Renewal Premium"; The fourth step is to enter the policy number, credit card expiration date and the 3 digits on the back of the card. Next, I will tell you about premium payment.

Before the lecture, the senior sister prepared a piece of insurance knowledge information for everyone. Interested friends can click on the article below:

Super comprehensive! All the insurance knowledge you want to know is here

1. Premium payment methods

The more common premium payment methods now include single payment, annual payment and monthly payment. Annual premiums and monthly premiums are relatively easy to understand. They mean premiums are paid annually or monthly on a yearly or monthly basis. Most of the insurance products that can be paid monthly are insurance products sold over the phone.

But single payment is different. Single payment actually means paying all the premiums at one time. This payment method is mainly more trouble-free for the policy holder, and the procedures are relatively simple; But it has to be said that lump sum payment is not an easy task for policyholders with insufficient budget.

If there are friends who want to know more about the method of solo sex, the following article is not to be missed:

What does solo sex mean? What are the benefits?

In short, the more choices for payment methods for an insurance product, the better; in this case, everyone can choose the payment method that suits them according to their actual financial situation and insurance needs.

2. Things to note when paying premiums

In addition to the fact that lump sum payment does not require regular premium payments, friends who choose to pay annual or monthly premiums may have encountered this. If you forget to pay your premiums on time, what will be the consequences if you fail to pay your premiums on the agreed-upon fixed date? Next, the senior sister will tell you about it.

If you forget to pay the premium on time, the policy may enter three periods: grace period, suspension period and termination period.

(1) If it is within the grace period (generally refers to the 60 days of non-payment), you only need to pay normally and the policy will be valid. (2) If it is during the suspension period (61 days to 2 years of unpaid premiums), the insurance company needs to be re-underwritten. Only after passing the policy can it continue to be valid, and the unpaid premiums and insurance incurred during this period must be made up. interest.

(3) If it is during the termination period (that is, the premium has not been paid for more than 2 years), the insurance company has the right to contact the contract and refund the cash value of the policy, resulting in relatively large economic losses.

For those who have forgotten to pay the premium, you must read this article:

If you forget to pay the premium, will the policy status become invalid?

Hope to adopt it

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How to buy insurance with a credit card?

Can I buy insurance with a credit card?

Credit cards can be used to buy insurance. After the cardholder selects the insurance type, the payment method is credit card payment. If it is a one-time payment, you can pay the insurance premium directly by swiping your card at the POS machine provided by the insurance company. If you pay in installments, just fill in the linked credit card when filling out the insurance contract and the premium payment method.

Things to note when buying insurance with a credit card

Don’t rush to make a decision when making sales calls. When a sudden insurance sales call comes, many credit card holders are often unprepared. It is indeed difficult to rationally think about whether an insurance product is worth insuring in a hurry, and hasty purchase decisions often lead to regrets. . Therefore, when receiving such insurance sales calls, you may wish to confirm the next day. Generally, the salesperson will tell the cardholder that this is an exclusive treatment for VIPs, so the decision should be made quickly, preferably in a phone call on the same day. In fact, the so-called limited discount is basically a cover. Generally, a reply will be given the next day, which will not have a big impact on the premium.

Therefore, even if the cardholder has the intention to purchase insurance, he does not need to reply on the spot. He may as well tell the salesperson that he has the intention to purchase, but he must check the relevant insurance types and specific terms before making a decision, and let the other party call to confirm the day after tomorrow.

You can choose to purchase from multiple channels. If the cardholder learns through other channels that the card issuer is indeed holding an insurance promotion and wants to purchase insurance, he or she can directly call the credit card center for consultation. However, it should be noted that because insurance products may have certain differences in premiums depending on the region, and some products have certain restrictions on policyholders, some cardholders may not be able to purchase them.

Can I use my credit card to buy insurance? The real situation is this!

Credit cards can be used for daily consumption, but they are also subject to restrictions on certain consumption scenarios. For example, credit card funds cannot be used to buy a house, let alone stocks, gamble, etc. However, with the changes in consumption concepts, purchasing insurance has become a common expense in life. So, can I purchase insurance with a credit card? There are different opinions on the answer, so let’s answer it with the real situation.

Can I use my credit card to buy insurance?

The answer is yes, but certain conditions need to be met. It depends on what kind of insurance you buy. If it is life insurance, you cannot buy it with a credit card.

The reason is that the China Insurance Regulatory Commission has issued relevant regulations that prohibit insurance customers of major insurance companies from using credit cards to pay for life insurance. Therefore, many insurance companies have gradually stopped supporting credit card purchases of life insurance. However, except for life insurance, Other types of insurance are still available, such as car insurance, property insurance, etc.

Why is it prohibited to purchase life insurance with a credit card?

In fact, insurance companies and banks are willing to use credit cards to purchase insurance. After all, both parties can make profits. But in fact, there is a big risk involved, that is, when more and more people use credit cards to purchase insurance, it actually becomes a arbitrage behavior.

At the same time, it is also to avoid the arbitrage behavior of insurance agents collecting cash premiums from policyholders and then paying premiums to insurance companies with credit cards.

Here we answer the question of whether you can use a credit card to purchase insurance. Generally speaking, a credit card can purchase insurance other than life insurance. However, it should be noted that after purchasing insurance with a credit card, if the function of automatic premium deduction is enabled, remember to repay the insurance on time every month.

Which bank’s credit card can be used to pay premiums?

Every bank’s credit card can be used to pay premiums as long as it can be used for payment by card.

A credit card is a card that the bank grants a certain amount of credit to the user based on the user's comprehensive credit score. The card contains the bank's credit limit to the individual. The user can consume through the credit limit, and can consume first and repay later. The insurance premium is a contract signed by the policy holder and the insurance company to provide protection when taking out the insurance. The insurance company pays the fee to the insurance company. The insurance company insures the insured according to the content of the contract. Once the insured encounters the situation specified in the insurance contract, Insurance companies are required to pay compensation to the insured.

1. Credit cards from every bank can be used to pay premiums.

There are many ways to pay premiums. One is to bind a bank card and automatically deduct money from the system every month. This binding must use a savings card and there is a sufficient balance in the card. A credit card is only It can only be used for daily consumption by swiping the card. There is no way to bind the automatic deduction service. When paying premiums with a credit card, you can go to the premium business hall to pay over the counter in advance before the premium deduction date. When paying over the counter, you can use the credit card POS machine payment service. To make a payment, as long as the credit limit in the credit card is sufficient, you can pay the premium. After the bill comes out, you will need to repay the credit card.

2. It is best to use a savings card for premium payment.

According to credit card management regulations, banks issue credit cards to customers in order to allow customers to use credit cards for better daily life consumption, mainly for daily life consumption such as refueling, washing cars, buying clothes, etc. If you use a credit card to pay premiums, you are suspected of violating the credit card usage regulations.

After all, premium payment is not part of daily life consumption, it is similar to investment and financial management. If the bank finds out, it will carry out risk control on the card, reduce the limit or even block the card.

3. Premiums can be paid through functions.

Almost every bank credit card has a limit withdrawal function. Generally, the limit withdrawal is 50 or more of the credit limit. Users can use the limit withdrawal function to pay the off-site withdrawal fee and turn the limit into cash, and withdraw to Savings account, and then paying premiums to the insurance company through the savings account. On the one hand, it avoids continuous trips to the insurance company's business office, and on the other hand, it avoids violating credit card management regulations.

My personal suggestion is that when purchasing insurance, you should purchase it based on your personal financial ability. If your finances are not very good, you can choose products with low premiums that are suitable for you.

How to use a credit card to pay insurance premiums

Go to the insurance company with your credit card to pay the premium, so that you can use your credit card to pay the premium. The objects of commercial insurance can be people and things (including tangible and intangible). The specific subjects are human life and body, property, and property-related interests, liabilities, credit, etc.

Commercial insurance operations must be for the purpose of profit, and must obtain maximum profits to ensure that the insured enjoys the greatest degree of economic security.

Extended information

Commercial insurance is based on the principle of equality and voluntariness. The establishment of insurance relationships is completely decided by the policy holder: while social insurance is compulsory, all citizens or workers who meet legal conditions , and the insurance premiums paid are directly stipulated by national legislation.

The coverage of commercial insurance is determined by the policy holder, the insured and the insurance company through negotiation. Different types of insurance have different coverage and levels of coverage for the insured, while the coverage of social insurance is generally As stipulated in advance by the state, the scope of risk protection is relatively narrow and the level of protection is relatively low. This is determined by its social security nature.