LIC Platinum Credit Card

LIC Platinum Credit Cards Rewards

You can earn 1 reward point on every Rs 100 spent on all categories except fuel transactions, e-wallet loading, and EMI transactions. In addition to this, the customers get 2 reward points on every Rs 100 spent on LIC premium payments and international spendings.

Reward Redemption

You can simply redeem the reward points accumulated on your LIC Platinum credit card against the LIC Reward catalog.

Insurance Benefits

You get several insurance benefits using your LIC Platinum credit card. Below are stated some insurance benefits of LIC Platinum credit card

• You get lost card liability insurance cover up to your respective credit limit
• Personal accidental insurance cover worth Rs 3 lakhs
• Air Accidental insurance cover worth Rs 1 crore

Other Benefits

• You get a 1% fuel surcharge waiver for transactions between Rs 400 to Rs 4000 across all fuel stations in India. Maximum surcharge waiver subject to Rs 400 in a month
• No annual fee or renewal fee is charged on this card.
• The customers can convert their purchases into EMI transactions of 6,12 and 24 months using this credit card. The transaction value should be more than Rs 2500.
• You get an interest-free period of 50 days with the Axis Bank LIC Platinum credit card.

Eligibility & Documentation

Conclusion

LIC Platinum credit card is best suited for individuals with limited credit backgrounds. This is an entry-level card that charges zero joining or renewal fees from the customers.  You can redeem the reward points accumulated on LIC platinum credit cards against gift coupons or e-vouchers at the reward catalog. The reward rate provided varies on redemption through the LIC platinum reward catalog. Comment down your reviews of the LIC Platinum Credit Card.