LIC credit cards bring you exclusive privileges and benefits. These cards are adorned with excellent features, elite rewards program, benefits on payment of LIC premiums, retail transactions, international expenses, Visa and MasterCard privileges, fee waivers, insurance covers and more.
With such a wide range of features and benefits spread across categories such as dining, lifestyle, health, entertainment, shopping and so on, the LIC Credit Cards help make your purchases seamless. You can opt for an LIC Credit Card that is best suited to cater to your financial needs.
ON THIS PAGE: Best LIC Cards | Eligibility | Documentation | Fees & Charges | Reward Programs | Customer Care | How to Apply? | FAQs
If you are wondering which type of LIC Credit Card you must choose, then the good news is that there is an LIC Credit Card available for different types of customers. The following table highlights the various types of LIC Credit Cards that you can choose from:
Type of LIC Card |
Suitable for |
Salient Features |
LIC Gold Credit Card |
Individuals who earn more than ₹1.8 Lakh per annum |
|
LIC Titanium Credit Card |
Individuals who earn more than ₹3.0 Lakh per annum |
|
LIC Platinum Credit Card |
Individuals who earn more than ₹5.0 Lakh per annum |
|
LIC Signature Credit Card |
Individuals who earn more than ₹15.0 Lakh per annum |
|
LIC credit cards are equipped with numerous features and benefits. Here is a quick look at some of its features:
If the transaction made on any purchase is above ₹2,500, it can be converted into equated monthly instalments paid back at a lower rate of interest. You would have to request for an EMI conversion within 20 days of your purchase.
You can get up to three add-on LIC credit cards for your loved ones such as parents, spouse, siblings, and children aged below 15.
With the LIC credit card you can get a 1% waiver on fuel surcharge at petrol pumps across the country. This generally applies to transactions that range between ₹400 and ₹4,000.
If you hold an LIC Signature credit card, you can get liability insurance if your card is lost. The amount that you can receive as liability insurance will be up to your credit limit i.e., ₹5,00,000. This insurance cover will safeguard you against unauthorised transactions.
LIC allows you to transfer any balance on your other credit cards to the LIC credit card at exciting interest rates. You can opt for a plan that suits your requirements from two different plans that LIC offers.
Given below are some of the top LIC Credit cards:
Up to ₹3 Lakh on personal accident cover
Air accidental insurance of up to ₹1 Crore
2 reward points on every ₹100 spent, except on fuel, wallet load and EMI payments
Waiver on fuel surcharge of up to 1% on payments that range between ₹400 and ₹4,000
Up to 3 add-on cards
Waiver on annual, renewal and joining fee
Personal Accident coverage of ₹1 Lakh
Up to 10% of the credit’s limit can be withdrawn as cash.
1 reward point on every ₹150 spent through the card
1% waiver on fuel charges at petrol stations throughout the country
1 reward point every time you spend ₹100, except on wallet load, EMI payments and fuel
Complimentary liability cover for lost cards
2 points on spending ₹100 on foreign currency and payment of LIC premiums
Complimentary airport lounge access
1% waiver on fuel charges
Free liability cover for lost cards
Air accident cover of ₹1 Crore
Personal accident insurance of ₹5 Lakh
Benefit of Purchase protection cover
2 points every time you spend ₹100 on payment of LIC premiums and foreign currency
1 reward point on spending ₹100, except on EMI payments, wallet load, and fuel
No renewal, annual or joining fee
15 to 45 days of interest free credit period
Purchase protection insurance
Personal accident cover
1 reward point on spending ₹150 using the card
If you wish to apply for a LIC Credit Card, you must be mindful of the eligibility criteria for different types of LIC Credit Cards. A succinct summary of these criteria can be found in the below table:
Type of LIC Card |
Eligibility Criteria |
LIC Gold Credit Card |
Annual Income of ₹1.8 Lakh or above |
LIC Titanium Credit Card |
Annual Income of ₹3.0 Lakh or above |
LIC Platinum Credit Card |
Annual Income of ₹5.0 Lakh or above |
LIC Signature Credit Card |
Annual Income of ₹15.0 Lakh or above |
Here is a list of the documents you must keep handy for your LIC Credit Card Application.
Proof of Identity;
Proof of Address;
A copy of your PAN Card;
Past three months' Salary Slips or Proof of Income (as applicable):
A minimum gross salary of ₹25,000 per month for the LIC Titanium Credit Card
A minimum gross salary of ₹42,000 per month for the LIC Platinum Credit Card
A minimum gross salary of ₹1,25,000 per month for the LIC Signature Credit Card
Recent colour photographs.
LIC boasts an excellent Credit card Rewards Program. You can earn Reward Points for every rupee you spend with your LIC Credit Card. These points can then be redeemed to purchase a wide variety of household and lifestyle products. However, you must have accumulated at least 1,000 Reward Points on your LIC Credit Card in order to redeem them. With your LIC Credit Card, you can earn:
2 Reward Points for every ₹100 spent on LIC premium payments and foreign currency.
1 Reward Point for every ₹100 spent on every other type of payment, except the following:
Payments for Fuel
Loading money into your online wallets
Payments for EMIs
You can apply for a LIC Credit Card by visiting one of the corporation's offices and filling up the LIC Credit Card application form. Alternatively, you can opt for the LIC Credit Card Apply Online route by visiting their official website and submitting the form.
You can make the LIC Credit Card bill Payment either offline or online. If you wish to do it online, you can visit the LIC Credit Cards bill desk on their official website or the Axis mobile app . Alternatively, you can pay your bill through NEFT, visa money transfer or online payment with any digital wallet. All you have to do is enter your credit card number and have a digital mode of payment. If you wish to make the bill payment offline, you can do it through cheque or cash.
You can check the status of your LIC Credit Card through the following ways:
You can check your LIC Credit Card status by visiting an LIC Branch office and providing your LIC Credit Card application number.
You can enquire about the status of your LIC Credit Card by calling the customer service at 1800 22 6606, which is a toll-free number. You will have to provide the application number of your LIC Credit Card and the customer service executive will update you on the same.
Should you require any assistance during your LIC Credit Card application process or during the course of your association with LIC Cards, you can reach out to LIC Credit Card Customer Care Team through:
Email id: liccards@axisbank.com
Customer Care Contact Number: 1800 419 0064
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It is easy to get your application process for a new LIC Credit Card started. You can opt for one of the following modes of LIC Credit Card Application:
Visit the nearest LIC office and fill and submit a LIC Credit Card Application form;
Apply for a LIC Credit Card on the official website of LIC CSL.
The best LIC Card for you is the one that you are eligible for and that meets your requirements from a credit card.
Since LIC Credit Cards are offered by one of India's most trusted brands, they are excellent products laden with a wide gamut of benefits for customers.
Yes, you can apply for a LIC Credit Card online by visiting the LIC website and filling out the application form.
LIC Credit Cards are free from joining and annual fee on both primary as well as add-on credit cards. The cash withdrawal fee is 2.5% of the total cash withdrawn. The minimum amount that you can withdraw using your LIC Credit Card is ₹500.The finance charge on the credit card is 3.6% per month, which adds up to 52.86% per annum.
It is necessary that you have an LIC policy which is either in force or whose premium has been fully paid for at least a minimum period of 3 years
Only holders of LIC policies can apply for an LIC Credit Card. Therefore, if you wish to apply for an LIC credit card you must be an LIC policy holder.
Yes, you can pay your LIC premium using your credit card. However, this transaction will be accompanied by a convenience fee, which is borne by LIC.