Auto-Debit for Insurance Premium: What If Your Credit Card Expires
Card-based AutoDebit offers convenience, but card expiry can interrupt insurance premium payments even when the replacement card appears unchanged. Receiving a renewed card with the same number does not guarantee uninterrupted deductions since expiry date and CVV changes. And if the card is updated after the premium due date, policyholders should not assume the overdue premium will automatically be collected.
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