Best ICICI Bank credit card for insurance premium payments
ICICI Bank cards ranked by what they actually return on insurance premium payments — after monthly caps, excluded categories and surcharges, not by the advertised rate. CardMasters is independent of ICICI Bank.
Short answer
Across 8 ICICI Bank credit cards, 6 return anything at all on insurance premium payments; the rest cap it, exclude it or levy a surcharge. On ₹10,000 a month of that spend, Amazon Pay ICICI leads at about ₹100 a month (₹1,200 a year) against an annual fee of ₹0. Figures apply each card's own published caps, exclusions and surcharges rather than its headline rate, from issuer terms recorded on 2026-08-04.
Source: CardMasters issuer-evidence catalogue, release 2026-08-04. Confirm final terms with the issuer.
| # | Card | Per month | Per year | Annual fee |
|---|---|---|---|---|
| 1 | Amazon Pay ICICI | ₹100 | ₹1,200 | ₹0 |
| 2 | ICICI Bank Times Black | ₹80 | ₹960 | ₹20,000 + GST |
| 3 | ICICI Bank HPCL Super Saver | ₹50 | ₹600 | ₹500 + GST |
| 4 | ICICI Bank Coral | ₹25 | ₹300 | ₹500 + GST |
| 5 | ICICI Bank Rubyx | ₹25 | ₹300 | ₹2,000 + GST |
| 6 | ICICI Bank Sapphiro | ₹25 | ₹300 | ₹3,500 + GST |
Compare this against every issuer on the same category: best cards for insurance premium payments across all banks →
Frequently asked questions
Which ICICI Bank credit card is best for insurance premium payments?
Amazon Pay ICICI returns the most in the CardMasters model — about ₹100 a month on ₹10,000 of insurance premium payments, ahead of ICICI Bank Times Black and ICICI Bank HPCL Super Saver. The order changes with your spend level because each card's monthly cap binds at a different point, and the annual fee still has to be subtracted.
Do all ICICI Bank cards earn on insurance premium payments?
No. Only 6 of 8 ICICI Bank cards tracked here return anything on this category. The others either exclude it from rewards, cap it at zero, or apply a surcharge that cancels the earn — which is why they are left out of the table rather than shown with a headline rate they do not pay here.
Should I pick a ICICI Bank card just because I bank with ICICI Bank?
Only if it wins on your actual spending. An existing relationship can help with approval and sometimes with pre-approved offers, but it does not make the card the best value. Compare this ranking against the same category across all issuers before deciding.