Let’s look at how to pay insurance premiums by credit card (life insurance, Lotte, KB non-life insurance). The payment method for insurance premiums is different for each insurance company. For example, automatic payment through a customer center agent, or monthly payment by credit card by contacting the application or customer center.
How to pay insurance premiums by credit card 신용카드 보험료 납부
Depending on the insurance product and insurance company, the type of card that can be paid differs, and the availability of card payment also differs. Therefore, when purchasing insurance, it is necessary to check in advance whether insurance premiums can be paid by credit card at the insurance agent or retailer. 좋은뉴스
index
How to pay insurance premiums by credit card
In the case of non-life insurance, how to pay premiums by card
In the case of Lotte Insurance
In the case of KB Insurance
In the case of life insurance, how to pay premiums by card
In case insurance premium is paid by credit card
How to pay insurance premiums by credit card
You can find out which insurance products can be paid with a credit card by insurance company at the Disclosure Room of the Life Insurance Association and the Public Disclosure Room of the General Insurance Association of Korea where you can check how to pay your insurance premiums by card.
It should be noted that credit card payment availability may vary depending on the insurance product purchased. If you pay your insurance premiums with a credit card, you may be able to deduct them from your year-end tax settlement, but you should be aware that credit card deductions are not available.
▶Click here to see insurance premium credit card payment system
In the case of non-life insurance, how to pay premiums by card
In the case of Meritz Fire & Marine Insurance, premium card payment by representative insurance company is changed to automatic card payment when the card is registered through a phone call to the customer center. After that, the amount will be automatically paid to the registered card according to the payment date. For detailed inquiries, you can check the customer center.
In the case of Hanwha General Insurance, credit card payment is possible through the call center or chatbot service. However, only the insurance premium for the month is paid, not automatic payment. To pay by credit card automatically, visit the customer center after bringing your ID and the card to be registered.
In the case of Lotte Insurance
Lotte Insurance has different payment methods depending on the card. If you first contact the customer center and register your card, automatic card payment is possible. On the other hand, if you pay with a third-party card, you may have to ask for a credit card payment by phone every month.
Hyundai Marine & Fire Insurance can register and change cards in 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 insurance premium for the registered credit card. At this time, you must announce your intention to cancel the existing automatic debit to prevent double withdrawal of insurance premiums.
▶Insurance premium credit card payment system
In the case of KB Insurance
In the case of KB Insurance, after accessing and logging in to the homepage, call the contact number of the LC in charge of insurance to which you signed up to change to automatic card payment. If the LC in charge completes the registration of the automatic payment change to the card, you can cancel the automatic transfer of the existing account by calling the KB Insurance Customer Center.
In addition, card payment by other insurance companies can be confirmed by contacting the customer center. Please note that the method may vary 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 products with large amounts, so it is rare for life insurance companies to accept credit card premium payments. It is important to note that products that allow credit card payment are limited to products with protection rather than savings products.
Mirae Asset Life Insurance is available when you sign up for non-face-to-face and online channels among protection-type products, and card payments can be made with BC, KB Kookmin Card, Samsung, Hana Hyundai, and Lotte. For Lina Life Insurance, if you select card payment from insurance premium payment through the application, you can make direct card payment every month.
▶View insurance premium credit card payment system
In the case of Dongyang Life Insurance, contact the customer center to confirm the issuance date of the ID card and proceed with the credit card payment. Payment can be made with Shinhan, Hyundai, Samsung, and BC cards only for guaranteed products. As mentioned earlier, please contact the insurance company customer center.
In case insurance premium is paid by credit card
In the case of card payment for insurance premiums, 17 insurance companies are operating a card payment system, and non-life insurance is generous with card payments. Non-life insurers have fewer long-term products than life insurers, so it is relatively less burdensome.
On the other hand, in the case of life insurance companies, Samsung Life Insurance and MetLife Life Insurance have a card payment index of less than 1%. It is a reality that many insurance companies, including Hanwha Life Insurance and Kyobo Life Insurance, refuse to accept credit card payments for insurance products.
The reason why insurance companies avoid paying by credit card is because the fee that the card company has to bear is as large as 2%. In particular, life insurance products have a long premium payment period and many products with large insurance premiums, so when paying by card, the burden of fees that insurers have to bear increases can be seen as the reason for avoiding them.
There are various types of cards that receive discounts or 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 (life insurance, Lotte, KB non-life insurance).