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LIC Bank credit card

About LIC Credit Card

**Disclaimer: LIC is not a Finserv MARKETS partner. Offers would be from partner Banks/NBFCs only.

 

In the year 2008, the Life Insurance Corporation of India established the LIC Cards Services Limited (LIC CSL) as its wholly-owned subsidiary, and thus began the BFSI giant's journey into launching an excellent portfolio of credit cards.

 

The launch of LIC Credit Cards was a result of a partnership between the LIC CSL and Axis Bank Limited. Adorned with excellent features and an elite rewards program, LIC Cards are available in several variants. You can opt for the type of LIC Credit Card that is best suited to your financial requirements. 

Top LIC Credit Cards

If you are wondering which type of LIC Credit Card you must choose, then the good news is that there is a LIC Card available for different types of customers. The following table highlights the various types of LIC Cards that you can choose from.

Type of LIC Card

Suitable for

Salient Features

LIC Gold Credit Card

Individuals who earn more than Rs. 1.8 Lakhs per annum

  • No annual card fee

  • No replacement fee for stolen card

  • Excellent PlusPoint Rewards on the usage of the card

LIC Titanium Credit Card

Individuals who earn more than Rs. 3.0 Lakhs per annum

  • No annual card fee

  • No replacement fee for stolen card

  • 1.0% Fuel Surcharge Waiver at fuel pumps across the country

  • Excellent PlusPoint Rewards on the usage of the card

  • Exciting offers on shopping at Reliance Trends, Clipper Lounge, etc.

LIC Platinum Credit Card

Individuals who earn more than Rs. 5.0 Lakhs per annum

  • No annual card fee

  • No replacement fee for stolen card

  • 1.0% Fuel Surcharge Waiver at fuel pumps across the country

  • Excellent PlusPoint Rewards on the usage of the card

  • Exciting offers on shopping at VLCC, PizzaHut, Bookmyshow.com, etc.

LIC Signature Credit Card

Individuals who earn more than Rs. 15.0 Lakhs per annum

  • No annual card fee

  • No replacement fee for stolen card

  • 1.0% Fuel Surcharge Waiver at fuel pumps across the country

  • Offers and privileges on travel, dining, and lifestyle spends

  • Excellent PlusPoint Rewards on the usage of the card

  • Exciting offers on shopping at Apple, Kimaya, Baume and Mercier, etc.

LIC Credit Card Eligibility criteria

If you wish to apply for a LIC Credit Card, you must be mindful of the eligibility criteria for different types of LIC 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 Rs. 1.8 Lakhs or above

LIC Titanium Credit Card

Annual Income of Rs. 3.0 Lakhs or above

LIC Platinum Credit Card

Annual Income of Rs. 5.0 Lakhs or above

LIC Signature Credit Card

Annual Income of Rs. 15.0 Lakhs or above

Documents required for different LIC Credit Cards

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 Rs. 25,000 per month for the LIC Titanium Credit Card

  • A minimum gross salary of Rs. 42,000 per month for the LIC Platinum Credit Card

  • A minimum gross salary of Rs. 1,25,000 per month for the LIC Signature Credit Card

  • Recent colour photographs.

LIC Credit Card Fees and Charges

Before you apply for a LIC Credit Card online, you must acquaint yourself with the fees and charges associated with different types of cards. To make this process easier for you, the following table comprises the relevant information on this subject.

Type of LIC Card

Joining Fee

Annual Fee (from the second year onwards)

Add-on Card Joining Fee (for up to three cards)

Add-on Card Annual Fee (for up to three cards)

Cash Withdrawal Fee

Finance Charges (Retail and Cash)

LIC Gold Credit Card

Rs. 0

Rs. 0

Rs. 0

Rs. 0

2.5% of the the cash amount (minimum Rs. 500)

3.6% per month (52.86% per annum)

LIC Titanium Credit Card

Rs. 0

Rs. 0

Rs. 0

Rs. 0

2.5% of the the cash amount (minimum Rs. 500)

3.6% per month (52.86% per annum)

LIC Platinum Credit Card

Rs. 0

Rs. 0

Rs. 0

Rs. 0

2.5% of the the cash amount (minimum Rs. 500)

3.6% per month (52.86% per annum)

LIC Signature Credit Card

Rs. 0

Rs. 0

Rs. 0

Rs. 0

2.5% of the the cash amount (minimum Rs. 500)

3.6% per month (52.86% per annum)

LIC Credit Card Rewards Programme

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 Card in order to redeem them. With your LIC Credit Card, you can earn:

  1. 2 Reward Points for every Rs. 100 spent on LIC premium payments and foreign currency.

  2. 1 Reward Point for every Rs. 100 spent on every other type of payment, except the following:

  • Payments for Fuel

  • Loading money into your online wallets

  • Payments for EMIs

LIC Credit Card Customer Care

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:

  1. Email id: liccards@axisbank.com

  2. Customer Care Contact Number: 1800 419 0064

How to apply for A a LIC Credit Card?

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 this page and submitting the form.

The LIC Cards Bill Payment Process

You can make the LIC Credit Card bill Payment by visiting the LIC Cards bill desk on their official website. Alternatively, you can pay your bill through NEFT or any digital wallet. All you have to do is enter your card number and have a digital mode of payment.

FAQs on LIC Credit Card

  • ✔️How can I get my new LIC Credit Card?

    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. 

  • ✔️Which is the best LIC Credit Card?

    The best LIC Card for you is the one that you are eligible for and that meets your requirements from a credit card.

  • ✔️Are LIC Cards good?

    Since LIC Cards are offered by one of India's most trusted brands, they are excellent products laden with a wide gamut of benefits for customers.

  • ✔️Can I apply for a LIC Credit Card online?

    Yes, you can apply for a LIC Credit Card online by visiting this page and filling out the application form.