Abou Us
Presenting the Launch of LIC Credit Cards. A partnership between LIC Cards Services Limited (LIC CSL) and Axis Bank Ltd.
Life Insurance Corporation of India
Life Insurance Corporation of India is India’s premier organisation formed by Government of India under LIC Act, 1956 on 1st September 1956. Today LIC has more than Rs. 8 Lakh Crore worth of assets and over 23 crore policies in force. LIC has invested over Rs. 80,000 Crore in people welfare. Over the years, LIC has become a synonym for life insurance in India and a financial conglomerate. It has 2048 branch offices and more than 550 Satellite Sampark offices networked through WAN with 1.10 million agents across the country. In line with the corporate vision to emerge as a transnationally competitive financial institution, LIC has diversified into many businesses.
LIC Cards Services Limited
LIC Cards Services Limited came into existence on 11th November, 2008 as a 100% subsidiary of LIC to bring out its own Credit Card in the market. The Company has its registered office at Jeevan Prakash Building, 6th floor, 25. K.G. Road, New Delhi-110001.
LIC Gold Credit Card
Presenting an exclusive credit card – LIC Gold Credit Card – that gives you access to special features and avail the best benefits.
LIC Gold Credit Card is a credit card that provides benefits like complimentary insurance cover and rewards programme.
Special Features
Get exciting PlusPoints Rewards programme designed to reward spends as follows:
2 Reward Points for Rs. 100 spent on LIC premium payments and international spends.
1 Reward Point for every Rs. 100 spent on all other categories
Insurance Cover:
Complimentary lost card liability insurance cover upto your credit limit.
Eligibilty
Net income – Rs. 1.8 Lakh p.a. and above
Sourcing locations – 7 cities
Summary
Eligibility CriteriaRs. 1,80,000
Interest-free Credit PeriodUp to 50 days
Photo or Signature CardNo
Reward Points - Accrual1 Reward Point for every Rs. 100 spent
Bonus Reward Points2 Reward Points on LIC premium payment and international spends
Reward Points - RedemptionAs per applicable conversion rates in LIC Cards Reward Points Catalogue
Complimentary Insurance CoverLost Card Insurance Cover of up to Rs. 50,000/-
Fuel Surcharge WaiverNo
Add-on CardsUp to 3
Cash Withdrawal FacilityYes
Axis Bank
Axis Bank was one of the first of the new private banks to have begun operations in 1994, after the Government of India allowed new private banks to be established. The Bank was promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd., excellence.
Rewards Program
Rewards Program offers a set of handpicked rewards to LIC Credit Card members. The program is designed to offer you Reward Points for every rupee spent with your LIC Credit Card.
Reward Points are redeemable for an array of home and lifestyle products as well as dining and shopping vouchers and much more.
Reward Points makes your LIC Credit Card, the most rewarding card for you. So the more you spend, the more you earn. And the more you earn, the better the rewards. Now go ahead, reward yourself with Reward Points!
LIC Titanium Credit Card
Presenting, the LIC Titanium Credit Card, a card packed with exciting travel benefits to make your journey even more rewarding.
Get more when you travel, as you also get fuel surcharge refund and a powerful rewards programme.
Special Features
Powerful Reward Programme:
Get exciting PlusPoints Rewards programme designed to reward spends as follows:
2 Reward Points for Rs. 100 spent on foreign currency and LIC premium payments
1 Reward Point for every Rs. 100 spent on all other categories
Insurance Cover:
Complimentary lost card liability insurance cover upto your credit limit.
Fuel Surcharge Waiver:
2.5% fuel surcharge waiver at all fuel pumps across India (for transactions between Rs. 400 and Rs. 4000). Maximum benefits upto Rs. 400 per month
MasterCard Lounge Access Program:
Eligibilty
Net income – Rs. 3 Lakh p.a. and above
Sourcing surrogate – income surrogate – LIC premium payment (Rs.30,000 annual premium)
Sourcing locations – 28 cities
Summary
Eligibility CriteriaRs. 3,00,000
Interest-free Credit PeriodUp to 50 days
Photo or Signature CardNo
PlusPoints - Accrual1 PlusPoint for every Rs. 200 spent
Multiple Reward PointsDouble Reward Points on international spends and LIC premium payment
PlusPoints - RedemptionAs per applicable conversion rates in Axis Bank PlusPoint Catalogue
Complimentary Insurance CoverLost Card Insurance Cover of up to Rs. 50,000/-
Usage OffersUsage offers on Reliance Trend, Reliance Digital, Clipper Lounge, etc.
Fuel Surcharge WaiverYes
Add-on CardsUp to 3
Cash Withdrawal FacilityYes