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LIC issues co-branded credit cards in collaboration with Axis Bank

sathish

TF Buzz
These credit cards are lifetime free

LIC Cards Services Limited is a 100% subsidiary of Life Insurance Corporation. LIC issues co-branded credit cards in collaboration with Axis Bank and IDBI Bank. There are many advantages of these cards. These credit cards are lifetime free. You get complimentary points on issuance of the card. Apart from this, on depositing the premium, double benefit is available in the form of reward points.

LIC Signature Credit Card

LIC and Axis Bank together issue three types of credit cards. Their names are-LIC SIGNATURE CREDIT CARD, LIC PLATINUM CREDIT CARD and LIC TITANIUM CREDIT CARD. 2 Reward Points on Rs.100 on premium deposited with Signature Credit Card. You get 1 reward point for every Rs 100 spent on other types of spends as well. Apart from this, complimentary lost credit card liability insurance is available equal to the limit of the credit card. Personal accidental insurance cover of 5 lakhs and air accidental insurance cover of 1 crore is available. Fuel surcharge of 1 percent is waived off on this card. Transaction should be between Rs.400 to Rs.4000. Lounge facility is available at selected airports.

LIC Platinum Credit Card

Same facility is also available on LIC Platinum Credit Card. 2 reward points on depositing a premium of Rs.100. Complimentary Lost Credit Card Liability Insurance is available. Its limit is equal to the credit card limit. Personal accident insurance of Rs 3 lakh and air accident insurance of Rs 1 crore is available. Fuel surcharge of 1 percent is waived off on transaction at the petrol pump. A maximum of Rs 400 can be availed in a month.

LIC Titanium Credit Card

With the help of LIC Titanium Credit Card, you get 2 reward points for depositing LIC premium of Rs.100. 1 reward point for every Rs 100 spent on non-premium spends. However, this facility is not available on fuel, wallet and EMI transactions. Complimentary Lost Credit Card Liability Insurance is available, whose limit is equal to the credit card limit. Personal accidental cover is not available in this. Fuel surcharge waiver of 1 per cent is also available. This limit for one month is Rs 400.
 
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