Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Best Credit Cards to Pay Insurance Premium

    Looking to pay your monthly insurance premium? Applying for an insurance credit card not only makes insurance payments hassle-free, but also gives you cashback, rewards, and many other offers and privileges for every transaction.

    Here are the Best Credit Cards to Pay Insurance Premium in Malaysia 2018

    Updated on 4th September 2018

    Card Name
    Insurance Perks
    Benefits
    Know More

    5x reward points on insurance payments at MyEG website/counters

    1x reward points on retail transactions

    Promotional offers at theatres and orchestras

    Discounts for concert tickets

    Redeem shopping vouchers and a range of selected items

    2% cash rebate when you pay AIA Insurance premiums

    Unlimited Cash MegaBonus on local and international spends

    0.6% unlimited cashback on insurance payments

    0.6% unlimited cashback on retail transactions (with the first RM5,000 spent)

    1% unlimited cashback on retail transactions (for spends more than RM5,000)

    Withdraw 70% of your credit limit at a low interest rate of 10.8% p.a

    Low cash advance fee

    0% Auto-IPP on insurance payments of RM2,200 and more

    Complimentary RM100,000 insurance coverage

    MyEG-RHB Credit Card

    Earn rewards when you use the MyEG-RHB Credit Card to make your insurance payments. You can use these rewards to redeem a wide range of products and shopping vouchers. Furthermore, you will be entitled to a discount on concert tickets and special offers at theatres and orchestras.

    Key Benefits

    • Earn 5x RHB Reward points when you renew your insurance payments.
    • Get 5x RHB Reward points when you pay your road tax online.
    • Gain 5x RHB Reward points on utility bill payments.
    • Get 1x RHB Reward points on retail and online transactions, including petrol purchases.
    • Redeem RHB Reward points for shopping vouchers and lifestyle items.
    • Get 0% interest for up to three years when you shop at partnering merchants' outlets using the Smart Instalment facility.
    Additional Points Description
    How to Use It
    • Use your card at MyEG website/counters for insurance, utility bills, and tax payments to earn 5x reward points.
    • Use this card to earn 1x reward points on retail transactions.
    Good about It
    • There is no limit on rewards earning.
    • Transactions made overseas will be eligible for 1x reward points.
    Keep in Mind
    • You won’t earn reward points for government services.
    • Reward points are valid only for one year.

    Who Should Get It

    • Those who make insurance payments at MyEG website/counters.

    Promotions

    Enjoy up to 20% discount when you book a room at Oakwood Hotel & Residence Kuala Lumpur using your MyEG-RHB Credit Card. This is an ongoing promotion that is valid until 31 December 2018.

    PB-AIA Visa Gold Credit Card

    The Public Bank-AIA Visa Gold Credit Card is a co-branded card that provides cash rebates when you pay premiums for your AIA insurance policy. The card also provides rewards when you use the card for other transactions.

    Key Benefits

    • Get 2% cash rebate on every ringgit spent on AIA insurance payment.
    • Earn Cash MegaBonus of 0.1% on local and overseas retail transactions.
    Additional Points Description
    How to Use It
    • Use the PB-AIA Visa Gold Credit Card to pay your insurance premiums and other retail transactions.
    • Earn cash rebates and Cash MegaBonus based on the type of transaction done with your card.
    Good about It
    • Get an annual fee waiver for a lifetime.
    • The Cash MegaBonus you can earn has no maximum limit.
    • Enjoy 24-hour assistance with the bank’s Help Desk.
    • Open a Public Bank Current Account without an introducer.
    • Access the banking transactions at your fingertips with the PBe Service.
    Keep in Mind
    • The cash rebate on insurance payment is capped at RM350 p.a.

    Who Should Get It

    • Those who have AIA insurance policy.
    • Those who pay insurance premiums online.

    Promotion

    • Enjoy exclusive deals from Skin CliniQ when you use your PB-AIA Visa Gold Credit Card to make payment. The following are the available offers:
      • Get a discount of 50% on first trial on facial treatment.
      • Get a discount of 20% when you sign up for facial treatment package on the first trial day.

    This is an ongoing promotion that is valid until 31 October 2018 only for first-time female customers above 18 years of age. To book your appointment, call 03-2176 8000.

    Hong Leong Essential Credit Card

    The Hong Leong Essential Credit Card offers unlimited cashback on your insurance premium payments and other retail transactions. Additionally, you can get cash advances at a low interest rate.

    Key Benefits

    • Get 1% unlimited cashback on retail transactions with a spend of RM5,000 or more.
    • Earn 0.6% unlimited cashback on retail transactions with spends of up to RM5,000.
    • Withdraw up to 70% of your credit limit at a low interest rate of 10.8% p.a.
    • Get cash instantly with a low cash advance fee of 2%.
    • Get an annual-fee waiver if you spend a minimum of RM8,000 p.a. or with at least 12 retail transactions per year.
    Additional Points Description
    How to Use It
    • Use your card for insurance transactions and enjoy unlimited cashback of 0.6%.
    • Shop using your card and enjoy up to 1% unlimited cashback – 0.6% on transactions up to RM5,000 and 1% on transactions more than RM5,000.
    Good about It
    • Unlimited cashback up to 1% for retail transactions.
    • Low cash advance fee of 2%.
    • The interest rate for advance cash is as low as 10.8%.
    Keep in Mind
    • Government services are excluded for the cashback programme.
    • In order to get an annual fee waiver, you need to make at least 12 retail transactions in a year or spend a minimum of RM8,000 for retail expenses.
    • The minimum income requirement is RM24,000 p.a.

    Who Should Get It

    • Those who use their card to pay insurance premiums.
    • Those who wish to save on retail transactions.

    Promotion

    • Enjoy exclusive discounts when you book a hotel via Agoda using your Hong Leong Essential Credit Card. The following are the available offers:
      • Get a discount of 8% on selected hotel bookings in China, Korea, and Taiwan.
      • Get a discount of 7% on selected hotel bookings at other destinations.

    To enjoy the 8% and the 7% discounts, you need to book hotels from 1 October to 31 October and 1 October to 31 December, respectively. The stay period is from 1 October 2018 to 31 March 2019.

    OCBC Great Eastern Platinum Mastercard

    The OCBC Great Eastern Platinum MasterCard is created especially for applicants who hold insurance policies from GE (Great Eastern). You can charge your insurance premium to your card and it will be split into affordable instalments. In addition, when you spend RM10,000 or more for retail expenses, you will be entitled to insurance coverage renewal in the subsequent year.

    Key Benefits

    • 0% Auto-IPP (Instalment Payment Plan) for 12 months when you make insurance transactions of RM2,200 or more through Auto Debit.
    • Enjoy a range of offers and privileges through the Live Great Privileges programme.
    • No annual fees for both principal and supplementary cards.
    • Benefit from round-the-clock concierge services.
    Additional Points Description
    How to Use It
    • When you pay insurance premium of RM2,200 and more, you can benefit from 0% Auto-IPP.
    Good about It
    • Interest-free Auto-IPP for 12 months.
    • Lifetime annual-fee waiver.
    Keep in Mind
    • This card is applicable only for GE policyholders.
    • For this card, the minimum income requirement is RM24,000 p.a.

    Who Should Get It

    • GE policyholders

    Promotion

    Buy TGV movie tickets for standard hall seat at RM12 every weekday and RM14 every weekend and public holiday when you use your OCBC Great Eastern Platinum Mastercard to make the payment. This is an ongoing promotion that is valid until 31 December 2018 for standard and preferred seat in the standard hall. Offer is limited to 3,000 tickets per day, until stocks last. The promotion is valid for all TGV Cinemas nationwide. You can buy up to 10 tickets per transaction per day to get the offer.

    How to Choose the Best Insurance Credit Cards

    An insurance credit card is for those who are looking for offers and privileges for insurance transactions. You will find credit cards that give you cashback, rewards, and other privileges.

    Before zeroing in on a particular credit card, be sure to check the minimum income requirement, fees and charges, and other criteria. It’s also important that you read the fine print thoroughly and check if the card’s benefits suit your needs.

    Other than Insurance Premium credit cards, you can also compare best rewards credit cards and best shopping credit cards to choose a card that offers you benefits on all these categories.

    BBazaar's Best Credit Cards to Pay Insurance Premium

    Use this guide to compare and choose the card that is best suited to you. Make sure you read all terms and conditions pertaining to the card before opting for one. Identify your preferred spending category and budget to pick a card that will meet your financial needs. This table below will explain the categories that each individual card is ideal for. Utilize this table when comparing cards to choose the best card for yourself.

    Credit Card Insurance Perks
    MyEG-RHB Credit Card 5x reward points on insurance payments at MyEG website/counters
    PB-AIA Visa Gold Credit Card  2% cash rebate when you pay AIA Insurance premiums
    Hong Leong Essential Credit Card 0.6% unlimited cashback on insurance payments
    OCBC Great Eastern Platinum Mastercard 0% Auto-IPP on insurance payments of RM2,200 and more

    Looking for More

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