LIC is a household financial services name, specialising in life insurance. Now, however, it has rolled out a premium credit card through a subsidiary. The card will help give you a more rounded experience of financial services, thanks to the comprehensive set of rewards and features that it comes with.
**Disclaimer: LIC Credit Card is not a Finserv MARKETS partner product. Offers would be from partner Banks/NBFCs only
The Life Insurance Corporation of India (LIC) in addition to offering life insurance services is also into providing credit card services. This is done through its subsidiary - the LIC Cards Services Limited. The LIC Signature Credit Card is one such offering from the entity. The credit card offers a host of different benefits and privileges to the card holder. Wish to know more about the LIC Signature card? Continue reading to find out all about it.
ON THIS PAGE: Signature Card Features | Fees & Charges | LIC Signature Card Rewards | Signature Card Eligibility | Documents | How to Apply | LIC Signature Card Helpline | FAQs
The LIC Signature Credit Card is a premium offering from LIC and is designed to offer the cardholder exciting rewards and offers for the transactions that they make. Let’s take a look at a few of the key LIC Signature Credit Card benefits and features that are available to the cardholder.
With the LIC Signature Credit Card, cardholders get access to the exciting PlusPoints Rewards Programme that allows them to accumulate reward points for certain transactions that they make.
The LIC Signature Credit Card provides the cardholder with personal accident insurance coverage to the tune of Rs. 5 lakhs and air accidental insurance to the tune of Rs. 1 crore. That’s not all. Cardholders also get a complimentary lost card liability insurance equal to their credit limit.
With the LIC Signature Credit Card, cardholders can gain access to airport lounges across India and the world for free.
Each time you use the LIC Signature Credit Card for purchasing fuel across all fuel pumps in India, you get a fuel surcharge waiver of 1%. This waiver, however, is available only if the transaction value is between Rs. 400 and Rs. 4,000 and is limited to a maximum waiver of up to Rs. 400 per month.
The LIC Signature Credit Card allows cardholders to convert purchases above Rs. 2,500 into manageable EMIs at very attractive interest rates.
If you’re planning on applying for the LIC Signature Credit Card, then it is crucial for you to know the various fees and charges associated with the card. Here’s a quick look.
Fees and Charges |
Amount |
Annual Fees |
Not Applicable |
Finance Charges |
3.25% per month |
Annual Fees for Add-on Cards |
Not Applicable |
Fees for Cash Withdrawals |
2.5% of the total cash limit or Rs. 250, whichever is higher |
Duplicate Statement Fees |
Not Applicable |
Card Replacement Fees |
Not Applicable |
Late Payment Fees |
Ranges between Rs. 100 and Rs. 1,200, depending on the total unpaid outstanding amount on the card |
Fee for Cheque Dishonour or Returns |
Rs. 300 |
PlusPoint Redemption Fees |
Rs. 30 for every request |
Foreign Currency Transaction Fees |
3.50% of the total transaction amount |
As you’ve already seen above, the LIC Signature Credit Card allows the cardholder to accumulate reward points on certain specified transactions. Let’s take a quick look at how the LIC Signature Credit Card reward points system works.
For every Rs. 100 spent for paying LIC premiums and foreign currencies, the cardholder gets 2 reward points.
For every Rs. 100 spent on all other transactions except EMIs, wallet loading, and fuel purchases, the cardholder gets 1 reward point.
Once enough reward points are accumulated, the cardholder can use them to claim offers, rewards, and discounts from the LIC Signature Credit Card reward catalogue.
To apply for the LIC Signature Credit Card, individuals would have to first satisfy the eligibility criteria laid out by LIC Credit Cards. Here’s a quick look at what prospective applicants would have to ensure that they satisfy.
Now that you’ve seen what the eligibility criteria for LIC Signature Credit Card is, let’s take a look at the documents that you would have to submit to apply for the card.
Although the LIC Signature Credit Card is not available on Finserv MARKETS, you can still apply for it by visiting the website of LIC Cards and clicking on the ‘Apply Now’ button. You will be required to fill an online application form, specifying personal details such as your name, address, email ID, city, pin code, state, and mobile number.
Alternatively, you can also take the offline route to apply for the LIC Signature Credit Card as well. To do that, you would have to physically visit the nearest branch of Life Insurance Corporation of India (LIC) or Axis Bank, who is the provider of the credit card. Here again, you will be asked to fill and submit an offline application form.
If you have any queries regarding your LIC Signature Credit Card limit or are facing any problems logging into your account, you can always contact the LIC Credit Card customer care - 1800 419 0064.
If you prefer contacting the customer support via email, you can send one to liccards@axisbank.com or nodal.officer@axisbank.com.
The LIC Signature Credit Card reviews are all generally very positive. The card comes with the ability to earn reward points on your transactions and provides multiple other benefits. All of this, with zero annual fees.
The LIC Signature Credit Card limit is primarily dependent on your income. Therefore, the maximum limit tends to vary from one individual to another. If you would like to know what the maximum limit is, all that you have to do is simply use your LIC Signature Credit Card login credentials to log into your account.
Alternatively, you can also check your LIC Signature Credit Card statement to know what your maximum usage limit is.
Of course. You can use your LIC Signature Credit Card to make bill payments and a host of other financial transactions that you would make using a regular credit card.
The LIC Signature Credit Card can be used to pay for all kinds of products and services like retail shopping, online transactions, plane tickets, movie tickets and hotel reservations.
Yes, the e-statement feature is available for LIC Signature Credit Card holders. You can access these statements on the LIC card website by providing a few basic details like name, card number, date of birth and the validity date.