LIC Credit Card

LIC Cards offers three types of credit cards and each of these cards come with some common features and some distinct features that make them unique. Details of the card are given below

Here’s the Deal:

LIC Credit Cards are best suited for you if you regularly pay large LIC premiums. This is because the reward points are uncapped for LIC cards while other cards usually have a cap on cashback and reward points that can be earned on premium payments. Even though the reward points are uncapped, the rewards catalogue for LIC Cards is not as good as compared to the rewards catalogue of other top credit card providers.

LIC Axis Bank Platinum Credit Card

LIC Platinum credit card is one of the popular credit cards offered by LIC Cards in terms of rewards. It is suitable for those who pay LIC premiums and want to earn reward points.

Key Highlights of LIC Platinum Credit Card:

• Nil Annual fee and add-on card fee (maximum 3 add-on cards)
• 1 reward point per Rs. 100 spent across most purchase categories
• 2 reward points per Rs. 100 on LIC premium payment and foreign currency
• Complimentary lost card liability insurance cover up to your credit limit
• 1% fuel surcharge waiver on fuel transactions of Rs. 400 to Rs. 4,000 up to Rs. 400 per month
• EMI Facility for converting big-ticket purchases above Rs. 2,500 into easy EMIs

LIC Axis Bank Titanium Credit Card

LIC Titanium Credit Card is well-suited to earn reward points on LIC premium payments, international transactions and other purchases. Here are some of its features:

Key Highlights of LIC Titanium Credit Card:

• 1 reward point per Rs. 100 across most purchase categories, except fuel, wallet load and EMI payments
• 2 reward points per Rs. 100 on payment of LIC premium using the card
• 2 reward points per Rs. 100 on spending in foreign currency
• Complimentary lost card liability cover up to your credit limit
• 1% fuel surcharge waiver on fuel transactions of Rs. 400 to Rs. 4,000 (capped at Rs. 400)
• Opt EMIs on purchases above Rs. 2,500 at 1.5% interest rate per month

LIC Axis Bank Signature Credit Card

This is a premium credit card by LIC Cards and offers reward points and airport lounge access to the users. Given below are the details of the privileges you can enjoy on these cards.

Key Highlights of LIC Signature credit card:

• 1 reward point per Rs. 100 across most categories, except on fuel, wallet load & EMI transactions
• 2 reward points per Rs. 100 on LIC premium payment
• 2 reward points per Rs. 100 on transaction in foreign currency
• Complimentary lost card liability cover up to your credit limit
• 1% fuel surcharge waiver on fuel transactions of Rs. 400 to Rs. 4,000 (capped at Rs. 400)
• EMI conversion facility, on big-ticket purchases above Rs. 2,500
• 2 complimentary lounge access every quarter at select Indian airport lounges

LIC Eclat Credit Card by IDBI

The Eclat credit card is designed under the association of LIC and IDBI bank with higher reward points benefits, airport lounge access and many more benefits. Some of these benefits are discussed below:

Key Highlights of LIC IDBI Bank Eclat Select Credit Card

• Welcome bonus of 1,500 Delight Points on spending Rs. 10,000 within 60 days of card issuance
• 4 Delight Points on every spend of Rs. 100, where 1 point = Rs. 0.25
• Accelerated reward points on LIC payments
• 1% fuel surcharge waiver up to Rs. 500 per month on fuel transactions of Rs. 400 to Rs. 5,000
• 2 complimentary airport lounge access per quarter
• Zero lost card liability
• EMI conversion facility on purchases above Rs. 3,000, except on cash withdrawal, fuel and jewellery transactions, at 13% p.a. interest
• Complimentary insurance cover up to Rs. 5 lakh on personal accident and permanent disability
• Buy 1 get 1 movie ticket offer on BookMyShow on 2nd & 4th weekend

LIC Lumine Credit Card by IDBI

This LIC credit card is offered in association with IDBI bank with reward points benefits and many other features which are described below:

Key Highlights of LIC IDBI Bank Lumine Platinum Credit Card

• Welcome bonus of 1,000 Delight Points on spends of Rs. 10,000 within 60 days of card issuance
• 3 Delight Points per Rs. 100 spent, where 1 point = Rs. 0.25
• Accelerated reward points on LIC payments
• 1% fuel surcharge waiver up to Rs. 300 per month on fuel transactions of Rs. 400 to Rs. 4,000
• Zero lost card liability
• EMI facility on transactions above Rs. 3,000, except on cash withdrawal, fuel and jewellery transactions, at 13% p.a. interest
• Complimentary insurance cover up to Rs. 2 lakh on personal accident and permanent disability
• 1 free ticket on booking 1 movie ticket on BookMyShow on 2nd & 4th weekend

Fee/Charge	Amount/Rate
Joining Fee	Nil
Annual Fee	Nil
Finance Charges	3.6% per month (i.e., 52.86% p.a.)
Cash Withdrawal Fee	2.5% of the amount withdrawn (min. Rs. 500)
Foreign Currency Mark-up Fee	3.5% of the transaction amount
Late Payment Fee	Nil if total payment due is up to Rs. 300 Rs. 100 if total payment due is from Rs. 301-500 Rs. 500 if total payment due is from Rs. 501-10,000 Rs. 750 if total payment due is from Rs.10,001-25,000 Rs. 1,000 if total payment due is above Rs.25,000

Your credit score, age, monthly income, location etc. are some of the parameters that you should keep in mind before you apply for a credit card. Given below is the eligibility criteria and documentation required to apply for LIC credit cards:

• Nationality: Resident of India or Non-Resident Indian
• Age: 18-70 years
• Occupation: Salaried or Self-Employed
• Minimum Net Income:
  • LIC Titanium Credit Card : Rs. 3 lakh p.a.
  • LIC Platinum Credit Card: Rs. 5 lakh p.a.
  • LIC Signature Credit Card : Rs. 15 lakh p.a.

Click here for the list of documents required.

How do I contact LIC Credit Card customer care?
You can contact the LIC credit card customer care for any unresolved query via LIC Credit Card Customer Care Toll free number: 1800 419 0064, or by directly submitting the complaints.

I do not have an LIC policy. Can I apply for the LIC credit card?
Yes, those who do not have any LIC policy or are not an LIC agent can now apply for LIC Platinum/ Titanium/ Signature credit cards.

When will my LIC credit card statement be generated?
Your LIC credit card statement will be generated at the end of the billing cycle and the payment will have to be made within 15-20 days of the statement generation.

What are the documents required for LIC Credit Card?
You can avail an LIC Credit Card by fulfilling the documentation requirement that includes submitting residence and identity proofs like passport, driving license, voter ID card, Aadhar card, and PAN card. You are also required to submit basic income documents like payslip, bank statement, form 16, and IT return copy.

What to do if I lose my LIC credit card?
If you lose your LIC Axis Bank credit card, you need to get it hotlisted by calling the Axis bank customer care number at 1860 419 5555 or  1860 500 5555. You may also call LIC customer service at 1800 419 0064.

Is there a joining/ annual fee on LIC Credit Cards?
LIC Credit Cards are lifetime free, meaning there are no joining, membership, or annual fees for primary or add-on cards.

How can I redeem the reward points that I have earned on my card?
You can redeem your reward points by calling customer care at 1800-419-0064, and your chosen products or vouchers will be delivered within the specified timeline.

I do not have a LIC Policy, Can I apply for LIC Credit Cards?
Yes, you can apply for LIC Credit Cards even if you don’t hold an LIC policy, as they are open to all eligible applicants.

Do LIC credit cards offer airport lounge access?
Yes, premium variants like the LIC Axis Bank Signature Credit Card offer complimentary domestic airport lounge access every year.

How do I report fraudulent transactions?
As soon as you notice the transaction, immediately block your card via net banking, mobile app, or customer care and report the transaction for prompt investigation and resolution.

How to check LIC Credit Cards application status?
You can check your application status online through the LIC Cards portal using your application number or by contacting customer care with your registered details.

How to apply for LIC Credit Cards?
You can apply online via the LIC Cards website or through respective partner bank’s website like Axis or IDBI Bank by submitting a duly filled application form. Besides this, you can also apply offline by visiting the nearest branch with your KYC documents and income proofs.

What are the types of LIC Credit Cards available?
LIC Cards offers multiple credit cards in association with Axis Bank and IDBI Bank: three cards co-branded with Axis Bank: LIC Axis Bank Titanium Credit Card, LIC Axis Bank Platinum Credit Card, and LIC Axis Bank Signature Credit Card, along with LIC Eclat Select Credit Card and LIC Lumine Platinum Credit Card issued with IDBI Bank. Each card differs in rewards and features like insurance covers, welcome bonuses, lounge access, etc.

Will I be required to enter my credit card PIN at all POS terminals, both in India and abroad?
Yes, when a POS terminal (in India or internationally) is enabled for Chip & PIN authentication, you will generally be required to enter your credit card PIN to complete the transaction.

Do LIC Credit Cards give rewards on premium payments?
Yes, LIC Credit Cards are designed to give reward points on LIC premium payments. Most of the Axis Bank co-branded LIC cards offer accelerated reward points (e.g., 2 reward points per Rs. 100) on payment of LIC premiums, in addition to base rewards on other spends. However, reward benefits vary from one card to another.