LIC Credit Card Apply 2024 Review – Types, Details & Benefits

LIC Credit Card Apply 2024 Review – Types, Details & Benefits: If you are thinking of taking a credit card then you can join with LIC credit card. In this article, we will know in detail what is LIC credit card, eligibility for this card, what are the documents and how can we apply for credit card etc., so you can read this article till the end..

With the help of credit card, you can do any type of online or offline shopping. The benefits of LIC Credit Card are many.

LIC Credit Card Review Details

Before applying for a credit card, you need to know what a credit card is. A credit card is a financial instrument that allows you to make transactions without making immediate payments. In a credit card, a limit is given by the card issuer which is called credit card limit. You cannot transact more than this limit.

This limit given in the credit card will be applicable to the applicant. CIBIL Score depends on factors like income, credit history. If your income is high and your CIBIL score is very good then you you can get more limit under You can apply for LIC Credit Card both online and offline. LIC offers various types of credit cards as per the requirement of the customers. The benefits etc. of different credit cards may be different.

Let us tell you that at present LIC Cards Services Ltd. (LIC CSL) has tied up with Axis Bank, Union Bank of India and IDBI to issue credit cards under a co-branded/white label agreement. LIC provides Lifetime Free Credit Cards to the customers i.e. you do not have to pay any joining fee, annual fee and renewal fee on the card issued to you.

Types of LIC Credit Card

• LIC Signature Credit Card by Axis Bank
• LIC Platinum Credit Card by Axis Bank
• LIC Titanium Credit Card by Axis Bank
• ( LIC Gold EMV Card by Union Bank)
• Platinum EMV Card by Union Bank
• LIC Eclat Card by IDBI
• LIC Lumin Card by IDBI
• Shagun Gift Card by IDBI

LIC Signature Credit Card by Axis Bank:

This Axis LIC Credit Card reflects the premium lifestyle Is. With the help of this card, you can get many other benefits like airport lounge access, insurance cover, fuel benefits. This card gives you maximum to maximum rewards facility. Here are the benefits and features of this card:

Benefits and Features:

• 2 Reward Points on Rs.100 spent on foreign currency and LIC premium payment.
• 1 reward point for every Rs.100 spent on all categories except fuel, wallet load and EMI transactions.
• In case your card is lost, you are provided with complimentary lost card liability insurance cover up to your credit limit.
• 5 lakh Rs. Personal accident cover and Rs 1 crore. Benefits of air accident insurance.
• 1% fuel surcharge waiver ( for transactions between Rs.400 and Rs.4000) at all fuel pumps in the country with a maximum benefit of Rs.400 per month.
• You can avail complimentary access to your LIC Signature Credit Card at select airport lounges in India.

Read Also: RBL Credit Card Apply

LIC Platinum Credit Card by Axis Bank:

This credit card gives customers a powerful Offers rewards program. With this card you can get many benefits like fuel benefit, travel benefit, insurance cover. Here are the benefits and features of this LIC Credit Card :

Benefits and Features:

• 2 reward points for every Rs.100 spent on LIC premium payment and international expenses.
• 1 reward point for every Rs.100 spent on all categories except fuel, wallet load and EMI transactions.
• On this card you get complimentary lost card liability insurance cover up to your credit limit.
• Personal accident cover up to Rs.3 lakh and air accident insurance benefit up to Rs.1 crore.
• 1% fuel surcharge waiver at all fuel pumps in India ( for transactions between Rs.400 and Rs.4000 ). Maximum profit of Rs.400 per month.

LIC Titanium Credit Card by Axis Bank:

Benefits and Features:

• 2 Reward Points for Rs.100 spent on Forex and LIC premium payment.
• of 1 reward point for every Rs.100 spent on all categories except fuel, wallet load and EMI transactions.
• Avail complimentary lost card liability insurance cover up to your credit limit.
• 1% fuel surcharge waiver ( for transactions between Rs.400 and Rs.4000) at all fuel pumps in the country. Maximum profit of Rs 400 per month.

Read Also: PNB Credit Card Apply

LIC Gold EMV Card by Union Bank:

LIC Gold EMV Card is a free credit card that means you do not have to pay any joining fee, annual fee and renewal fee to take this card. The benefits and features of this card are as follows:

Benefits and Features:

• Under this card, the card holder will have the flexibility to set the credit limit less than the credit limit given to him, that is, you can change the limit of your credit card.
• Card holders can request for a temporary increase in their card limit.
• Revolving credit facility.
• Balance Transfer Facility: You can transfer balance to your credit card account from other bank’s credit card.
• Card holders can pay utility bills and various other services bills with the help of their credit cards using the Visa bill payment facility.
• 2500 or more with the help of your card, then you can easily convert it into EMI.

Platinum EMV Card by Union Bank:

This is an LIC Free Credit Card that means you do not have to pay any joining fee, annual fee and renewal fee for this card. The features of this card are as follows:

Benefits and Features:

• This card provides the option of reducing the credit limit given to the customers.
• You can request for a temporary increase in your credit limit can.
• Revolving credit facility.
• You can transfer balance to your credit card account from other bank’s credit card.
• On this card customers get Visa bill payment facility.
• can convert it into EMI on purchases above Rs. 2500.

Read Also: Tata Credit Card Apply

LIC Eclat Card by IDBI:

Benefits and Features:

• The minimum credit limit under this card is Rs 2 lakh and the maximum is up to Rs 10 lakh.
• Avail 4 Reward Points for every Rs.100 spent.
• 1,500 Delight Points on spending Rs.10,000 within 60 days of card issuance.
• 2X marks on LIC payment on which convenience fee will be waived.
• 1,000 Delight Points required for redemption.
• Minimum loading of 4000 Delight Points in case of redemption through IDBI Bank Gift Card.
• 1% fuel surcharge waiver for minimum transactions of 400 and maximum transactions of 5000 (maximum Rs.500 per month).
• 2 per quarter airport lounge access benefit.
• Zero lost card liability.
• Processing Fee and Foreclosure Fee – Nil.
• Minimum Transaction Amount : Rs.3000 (Except cash withdrawal, fuel purchase, jewelery transactions)
• Interest Rate: 13% p.a. (fixed)
• Tenure options: 3, 6, 9 or 12 months.
• card holder gets an interest free loan tenure of up to 48 days.
• Cash Advance Limit: 15% of the credit limit
• Other privileges: Applicable bank and network franchise offers.
• Maximum 02 add-on cards will be issued on this card.
• The validity of the card is up to 4 years.
• 5% of the billing amount or a minimum of Rs.200.
• Rs.5 lakh.
• Benefit of Credit Shield cover.
• Buy 1 Get 1 movie ticket offer.

Read Also: Kotak Mahindra Bank Credit Card Apply

LIC Lumin Card by IDBI:

Benefits and Features:

• Under this card, you get a credit limit of Rs 50,000 to Rs 5 lakh.
• Avail 3 Reward Points for every Rs.100 spent.
• 1000 Welcome Bonus Delight Points availed on spending Rs.10,000 within 60 days of card issuance.
• LIC 2X points on payouts.
• 1,000 Delight Points required for redemption.
• Fuel surcharge waiver.
• airport lounge access
• zero lost card liability
• EMI facility
• 48 days interest free loan tenure
• 15% of credit limit Cash advance limit
• 2 lakh.
• Buy 1 Get 1 Movie Ticket Offer
• The validity of the card is up to 4 years.

Shagun Gift Card by IDBI:

This card offers the benefits of special rewards, commissions and bonuses etc. to the customers. The benefits and features of this card are as follows:

Benefits and Features:

• 500 Rs. 10,000 to Rs. Flexibility of loading amount up to
• Valid for three years.
• No Issuance Fee for LIC Branches and LIC Offices.
• Under this card, you can spend the amount in any number of transactions within the validity period of three years.
• You can visit any place like Jewelery Store, Apparel Store, Departmental Store, Petrol Pump, Merchant Places like Restaurant etc. You can go shopping.
• this LIC credit card, you can make online payment of mobile wallet, e-commerce website and shopping, application for booking air/rail/movie tickets and utility bills etc.
• Tap and Pay, you can pay without entering a PIN for transactions up to Rs.5000.
• Gift Packs.
• The card is accepted at over lakhs of merchant outlets and e-commerce websites in India.

Read Also: Yes Bank Credit Card Apply

Benefits and Features of LIC Credit Card

LIC offers many types of credit cards to the customers. The benefits and features can be different for different LIC cards. Here are the benefits of this card:

• LIC Co -Branded/White Label Agreement Under Axis Bank, Union Bank of India and IDBI Issues credit cards in association with
• LIC gives Lifetime Free Credit Card credit card to the customers.
• You do not have to pay any joining fee, annual fee and renewal fee to avail this card.
• LIC Credit Cards are given to the customers with many attractive benefits.
• These cards are of “ Chip-and-PIN ” type which provides maximum security to the card holders.
• Rs.5 lakh under the Signature Card operated by Axis Bank.
• Rs.3 lakh under Platinum Card operated by Axis Bank.
• Platinum Card Powered by Union Bank Free accident insurance up to Rs 2.5 lakh under
• Avail attractive reward points for every Rs.100 spent.
• Earn double reward points on all international spends.
• Double reward points on payment of LIC premium without any convenience fee.
• For Signature card holders only Rs. Airport lounge facility at selected airports on payment of token amount (twice in every quarter).
• On LIC credit card, the customer gets an interest free loan tenure of 20 to 50 days.

LIC Credit Card Eligibility

LIC Cards Services Ltd. (LIC CSL) offers many types of credit cards to the customers. The eligibility for different credit cards is different. You can easily apply for the credit card for which you are eligible. Credit card eligibility is given here:

Eligibility for LIC Axis Bank Credit Card :

• Applicant’s age should be between 18 to 70 years.
• A person resident or non-resident of India can apply.
• Your CIBIL score should be very good. Generally a score of 750 or above is considered good.
• You must have a good job.

Eligibility for LIC Gold EMV Card and Platinum EMV Card:

Both of these credit cards are given to the customers with the help of UNION BANK. The eligibility for this card is given here:

• Applicant’s age should be between 18 years to 65 years.
• LIC employees, LIC agents, LIC policy holders can apply for this card.
• The applicant must be an Indian resident.
• Foreign citizens, NRIs and PIOs cannot apply.
• Applicant should not be a minor or illiterate person.
• Must have Permanent Account Number (PAN) issued by Income Tax Department.
• The minimum annual income of the applicant for Gold Credit Card should be Rs 1.80 lakh.
• The minimum annual income of the applicant for Platinum card should be Rs 3 lakh.

Eligibility for LIC Lumin Card by IDBI:

• Applicants should be employees/agents/policy holders of LIC and its subsidiaries/associates.
• Applicant Indian Must be resident.
• Salaried / retired / self-employed person should have a consistent source of income.
• Should not have an existing credit card with IDBI Bank.
• Customers having only commission income (except LIC agents) / rental income / interest income will not be eligible under the general category.
• The minimum age of the applicant should be 21 ( Add-on card- 18 years) and maximum age should be 60 for salaried and 65 years for self-employed/ retired/ pre-approved category.
• 1 year of work experience for salaried person and 2 years for self-employed.
• The monthly income of the salaried person should be at least Rs 75,000 and the annual income of the self-employed should be Rs 12 lakh.
• The minimum CIBIL score of the applicant should be 740.
• The customer’s application for the credit card should not have been rejected by the bank in the last 6 months.

Eligibility for Shagun Gift Card by IDBI:

• Applicant must be an Indian citizen.
• Foreign Nationals, NRIs and PIOs are not eligible.
• Applicant should not be a minor or illiterate person.
• You must have a Permanent Account Number (PAN) issued by the Income Tax Department.

Documents Need for LIC Credit Card

Before applying for a credit card, you should keep all your necessary documents together so that whenever the card payer asks for documents from you, you can show them all the documents immediately. Documents can be of different types for different cards. Here is a list of documents required for each credit card:

Documents for LIC Axis Bank Credit Card :

• Residence Proof (Any one): Aadhar Card, Voter ID Card, Ration Card, PAN Card, Passport, Driving License, Voter ID Card etc.
• Identity Proof (Any one): Passport, Driving License, Voter ID Card, Aadhar Card, PAN Card etc.
• a color picture
• A copy of PAN card or Form 60
• Proof of Income: Latest Pay-slip/Bank Statement/Form 16/ IT Return Copy

Documents for LIC Gold EMV Card and Platinum EMV Card:

• KYC requirements including photo-identity proof and address proof
• income or income surrogate document
• connection with lic proof
• Photo-Identity Proof:
• A copy of PAN card is a must.
• If PAN card is not available then the following documents can be provided as proof of identity: Driving License, Passport, Aadhar Card, Ration Card, Voter ID Card, Copy of Bank Passbook, IRDA License with Photo, LIC/Group Companies ‘ Identity Card etc.
• Address proof: Passport, Ration Card, Driving License, Electricity, Telephone, Gas, Water, Postpaid Mobile, House Maintenance Bill like Utility Bill, Bank Passbook, Rent Agreement, Lease Agreement, Aadhar Card, Staff Quarter Allocation issued by Govt./PSU/LIC/Bank letter, official identity card containing residential address, LIC policy bond, LIC premium receipt or policy status report etc.
• Income Proof:
• Income Proof for LIC Employee:- Last 3 Months Salary Slip or 3 Months Salary Certificate, Current Assessment Year Form 16, Latest Submitted ITR.
• Income Proof for LIC Agent:- Form 16 -A of the current assessment year (Immediately before the financial year), latest submitted ITR.
• Income Proof for LIC Policyholder Salaried:- Three Months Salary Slip or Three Months Salary Certificate, Form 16 of the current assessment year, latest submitted ITR.
• Income Proof for LIC Policyholder Self Employed:- Latest submitted ITR, last 6 months bank statement.

Relationship proof:

• LIC Employees:- Identity Card issued by Life Insurance Corporation of India/Group Companies, Employer’s certificate in the prescribed proforma.
• LIC Agent:– Authenticated agency status report from LIC’s database through EFEAP program.
• LIC Policyholder – Copy of LIC Policy Bond, LIC Premium Receipt, Policy Status Report.

How to apply for LIC Credit Card ?

If you fulfill all the conditions of this credit card, then you can apply for it both online and offline. To apply, follow the steps given below:

LIC Credit Card Online Apply

• First of all you need to go to LIC Cards Services Ltd. (LIC CSL) official website liccards.in But have to come.

• On the home page of the website, you will see all the credit card options.
• Click on the card you want to apply for.
• To apply now, click on the option of Apply Now.
• The form will open in front of you.
• Enter the requested information in it and click on submit.
• After you submit the form, LIC staff will contact you and issue the further process.

How to apply offline ?

• First of all you have to go to your nearest LIC branch.
• Contact the branch employee who will provide you complete information about LIC credit card.
• Then you have to submit your required documents and fill the form.
• form in the branch of LIC.
• If your application is accepted, you will be issued a card.

How to check LIC Credit Card Application Status ?

If you have applied for a credit card then you can easily check the status of your application. You can check the status of your application through the following means:

• From Customer Care Number: You can check the status of your application by calling LIC Credit Card Customer Care Number.
• LIC branch: You can check the status of your card by visiting your nearest LIC branch.

LIC Credit Card Customer Care Number

If you are facing any problem in applying for this credit card or if you want to get other information about this card, then you can get information by calling LIC credit card customer care number.

• TELEPHONE NO : 011-45512817
• EMAIL : [email protected]

My Last Word:

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FAQ’s on LIC Credit Cards