<ul><li>Unified Payments Interface (UPI) and credit cards are the top choices for insurance premium payments, as per data analyzed by Policybazaar.</li><li>Health, term, and motor insurance products have high UPI adoption rates, with over 50% payments for motor insurance made through UPI.</li><li>Credit cards are preferred for term insurance and insurance-cum-savings products, indicating a shift towards rewards and financial flexibility.</li><li>Debit card usage for insurance purchases has seen a 17% decline year-on-year, with consumers opting for credit cards or UPI for transactions.</li></ul>

UPI, credit cards grab top spots for insurance premium payments: Policybazaar data

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