LIC Credit Card: Life Insurance Corporation is a member of every household in our country. There will not be any such family, where the members have not bought LIC policy for themselves.
According to the information shared by LIC, the market share of LIC in October 2022 was 67.72 percent and the market share of private insurance companies was only 32.28 percent. At the end of FY 2022, the share of LIC in the insurance market was 63.25 percent and the market share of private insurance companies was 36.75 percent. If you have also bought LIC’s policy, then you can use LIC Credit Card to deposit the premium. With its help, you will get double benefit on depositing the premium.
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.
