Life Insurance Corporation Of India (LIC) joined hands with IDBI bank and the NCPI powered payments service platform Rupay to launch two co-branded credit cards- Lumine and Eclat credit cards. As of now, the cards are exclusive for the policyholders, agents, and employees of LIC and its subsidiaries/associates. Both these cards are free for lifetime, i.e. you need not pay any annual card membership fee. These cards are Reward Points cards and earn you IDBI Delight Points on all your spends. You earn accelerated Delight Points on LIC Premium payments. The Delight Points can be redeemed against cashback, for purchasing merchandise, gift cards, bus tickets, movie tickets, flight bookings, hotel reservations, etc on the IDBI Delight portal. Apart from the Reward Points benefits, you also get a plethora of other benefits including Welcome Offers from popular brands and complimentary airport lounge visits with these cards. We have summarised the salient features of the two cards below-

LIC IDBI Lumine and Eclat Rupay Credit Cards

LIC Lumine RuPay Platinum Credit Card:

  • You get 1,000 Bonus Delight Points as a Welcome Gift on spending Rs. 10,000 within 60 days of card issuance.
  • You also get exclusive Welcome Offers from popular brands including Swiggy, Amazon, Prolixr, What’s Up and Wellness, Lakme Salon, Medibuddy.
  • The card earns you 3 Delight Points for every Rs. 100 spent with the card.
  • You get accelerated 2X Delight Points on LIC Premium payments.
  • 1% fuel surcharge is waived off at all fuel stations across India.
  • Personal accidental death or permanent disability cover worth Rs. 2 lakh.
  • EMI facility on purchases made using the card for 3/6/9 months at an annual interest rate of 13%.
  • You can also get 1 add-on credit card at no extra cost.

LIC Eclat RuPay Select Credit Card:

  • You get 1,500 Bonus Delight Points as a Welcome Gift on spends of Rs. 10,000 within 60 days of card set up.
  • The card comes with exclusive Welcome Offers from brands like Amazon, Swiggy, Prolixr, What’s Up and Wellness, Lakme Salon, Medibuddy.
  • The card earns you 4 Delight Points on every Rs. 100 spent using the card.
  • You get accelerated 2X Delight Points on LIC Premium payments.
  • 1% fuel surcharge is waived off (max Rs. 500) at all fuel stations across India.
  • You also get complimentary 2 domestic and 2 international lounge access with the Eclat Rupay Select credit card.
  • Personal accidental death insurance cover worth Rs. 25 lakh.
  • Personal accidental death or permanent disability cover worth Rs. 10 lakh.
  • EMI facility on purchases made using the card for 3/6/9 months at an annual interest rate of 13%.
  • You can get up to 2 complimentary add-on credit cards.

Bottom Line:

These two entry-level credit cards by IDBI and LIC, although free for lifetime, not just offer a fairly good reward rate, but also many other benefits. For example, the LIC Eclat RuPay Select Credit Card gives you complimentary domestic and international lounge access which you don’t get with most entry-level cards. Currently, these cards are exclusive for the policyholders, agents and employees of LIC and its subsidiaries, we hope LIC and IDBI make these cards open to all.

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