Does missing insurance premium affect credit score?

Short answer
Missing an insurance premium usually does not affect your credit score. But there are a few important exceptions.

When It Does NOT Affect Credit Score

If you miss the premium of a term insurance, health insurance, or general insurance that you pay directly from your bank account, it does not get reported to credit bureaus. Insurance companies do not share regular premium delays with credit agencies—policy lapse ho jaata hai, but credit score safe rehta hai.

When It CAN Affect Credit Score

If the insurance premium is paid through a loan, EMI, or credit card, things change.
For example:

• Premium paid via credit card EMI
• Insurance bundled with a loan
• Monthly premium deducted as EMI

If you miss these payments, it is treated like a loan or card default. That can hurt your credit score.

Indirect Impact You Should Know

Even if a credit score is not affected, missed premium payments can cause a policy lapse. If something happens during the lapse period, the claim will be rejected. Reinstating policy later may need medical checks or extra charges. Yeh log often ignore kar dete hain.

What You Should Do

Set auto-debit for premiums.
Keep reminders for renewal dates.
If missed, pay within the grace period to avoid a lapse.

Final Takeaway

Missing an insurance premium does not usually affect a credit score, unless it is linked to an EMI or a credit card. Credit score safe ho sakta hai, but protection loss ka risk real hota hai. Premium time pe pay karna best hai.