현대해상 보험료 카드납부In fact, according to the Life Insurance Association, as of the second quarter of last year, the rate of card payment for insurance premiums by life insurers averaged 4.5%. This means less than 10% of total insurance premiums are paid by credit card. In the case of Samsung Life Insurance, which is regarded as the eldest life insurance company, it is only 0.1%.
However, from the consumer’s point of view, paying insurance premiums with a credit card is advantageous in various aspects. This is because it is not only convenient because you can pay insurance premiums even if you don’t have cash in your account, but it is also useful for filling in the previous month’s performance. So today, I’m going to learn how to pay insurance premiums with a credit card.
Q. Why is the percentage of credit card payment for insurance premiums low?
The reason why the credit card payment ratio is low in total insurance premiums is because insurance companies are reluctant to pay by credit card. If insurance premiums are received by card payment, the burden of fees to be paid to the credit card company increases from the insurance company’s point of view. The fees that insurance companies have to pay to credit card companies can reach up to 2%. Insurance companies facing a difficult business environment due to low birth rates and low growth are in a situation where they need to save more by reducing the proportion of credit card payments.
In particular, life insurance companies do not welcome card payments more than non-life insurance companies. This is because the proportion of long-term insurance is high and the amount is large, so the fee burden is greater than that of non-life insurers. Compared to life insurers, non-life insurers handle less long-term insurance and therefore have relatively lower commission burdens. According to the General Insurance Association of Korea, the average credit card payment rate of non-life insurance companies as of the second quarter was 30.5%, which is relatively higher than that of life insurance companies.
Q. How do I pay my insurance premiums by card?
As mentioned earlier, not all insurance companies can pay insurance premiums with a card, as some insurance companies block payment by card altogether. In addition, depending on the insurance company, the types of cards that can be paid may be limited, so it is recommended to check whether the product accepts credit card payment when purchasing insurance.
First of all, as mentioned above, most life insurance companies do not accept card payments because they avoid card payments more than non-life insurers due to the burden of fees. Also, products that can be paid by card are limited to protection-type products rather than savings-type products.
Looking at major life insurance companies, in the case of Samsung Life Insurance, insurance premiums can only be paid with a Samsung card, and there are limited products that can be paid by card as a protection product. Mirae Asset Life Insurance and DB Life Insurance can pay by credit card only for some protection products subscribed through non-face-to-face channels. KB Life insurance premiums can be paid with credit cards from all credit card companies only for protection-type products.
Since non-life insurers are more lenient on credit card payments than life insurers, you can register for credit card debit by contacting an insurance planner or contacting the customer center. For Samsung Fire & Marine Insurance, Hanwha Insurance, Meritz Fire & Marine, Heungkuk Fire, MG Insurance, DB Insurance, etc., you can pay by card if you register your credit card information after contacting the customer center or the planner in charge. Hyundai Marine & Fire Insurance, KB Insurance, NH Insurance, etc. can apply for credit card payment through their websites. For Lotte Insurance, when paying with a Lotte card, automatic credit card payment is available through inquiry at the customer center, but when paying with a credit card from another card company, you must request a credit card payment by phone every month.
