What the is best way to pay insurance premiums?

With the roll out of Grabpay mastercard,

you could use this hack to get more cashback from your UOB one card:

(note: Grab does not award points for cardup transaction)

depedning on your premium amount and how much more money you require to hit the next tier, you could:

1. Top-up your grabpay Wallet(premium amount*1.026), split this over 3 months before your premium due date; pay premium woth cardup/ipaymy depending on promo rates.

(check your UOB One card e-statement to see when is your qualifying quarter)

1. Top-up your Grabpay wallet (premium amount*1.026), split this over 6 months (or 2 quarters) before your premium due date

2. change your premium payment frequency to (bi-annually/every 6 months) and split your grabpay top ups over 2 quarters. (note: increase payment freq may mean a higher overall increase in premium amount by about 2-3%)

too bad NTUC income does not accept Cardup or Ipaymy

This depends on whether you want to shift your cashback tier from:

$500 to $1000 (additional $50 cashback per quafter, excluding The extra 5% off from grab transaction)

$1000 to $2000 tier​​​

As long anything that requires to be paid can be paid with a credit card, charge it since there is no incentive to pay with cash.