By Shubham Sharma
Updated On August 29, 2022

LIC Platinum EMV Credit Card is a co-branded Visa card launched in collaboration with the Corporation Bank. The card comes with an in-built EMV feature to enhance security. This card charges zero annual fees from its customers on sign-up. In addition to this, the customers get 1 reward point on every Rs 150 spent using this card. The card offers a host of benefits to its customer’s such as accidental protection cover, credit liability, fuel surcharge waiver, and EMI facility.  Read below to know more about the LIC Platinum EMV card’s features and offers.



Best Suited For

Shopping |

Joining Fee


Reward Type

Reward Points |

Product Details

  • No Joining fee or Renewal fee Charged
  • 1 Reward Point on every Rs 150 spent
  • 2.5%  surcharge waiver on fuel transactions at fuel stations across India
  • Personal accidental insurance cover
  • Get purchase protection cover worth Rs 50,000 for 60 days
  • Credit Liability cover of Rs 50,000

Rewards and Benefits

Welcome Benefits


Movie & Dining


Rewards Rate

1 Reward Points on every Rs 150 spent on all categories ( 1 Reward Point = Rs 0.50)

Reward Redemption

You can redeem these reward points against the statement cash of your outstanding amount.





Domestic Lounge Access


International Lounge Access


Insurance Benefits

You get a  personal accident insurance cover and credit liability cover of Rs 50,000. You get purchase protection cover of Rs 50,000.

Zero Liability Protection

Protection cover is provided to customers if the fraudulent transaction or any unauthorized transaction is reported within 24 hours to the bank.

Fees & Charges

Joining Fee


Renewal Fee


Spend based Waiver


Rewards Redemption Fee

Rs 30 per redemption request

Rewards Redemption Fee

Rs 30 per redemption request

Foreign Currency Markup


Interest Rates

3% per annum

Fuel Surcharge

2.5% fuel surcharge waiver on all fuel transactions across all petrol pumps

Cash Advance Charge

2.5% on the withdrawal amount subject to the minimum amount of Rs 200.

Add-on Card Fee


LIC Platinum EMV Cards Rewards

With LIC Platinum EMV cards, you can get up to 1 reward point per Rs 150 spent on all categories. The value of 1 reward point is equivalent to Rs 0.50.

Reward Redemption

You can simply redeem your reward points accumulated against statement cash against outstanding bill amounts.  You can redeem a minimum of 500 reward points using your LIC Platinum EMV credit card.

Insurance Benefits

Furthermore, you get several insurance benefits with the LIC Platinum EMV card. These benefits have been provided below.

  • The customers get personal accidental insurance with this card
  • Along with it, you also get purchase protection of Rs 50,000 for up to 60 days to cover your purchases against accidental loss or damage.
  • Credit Shield is worth up to Rs 50,000, which the customer gets this protection cover in case of permanent disability.

Other Benefits

The customers can enjoy several other additional benefits using the LIC Platinum EMV card. These benefits have been stated below.

  • Firstly, you get a fuel surcharge waiver of 2.5%  using this card at petrol stations in India.
  • The card comes with absolutely zero joining fees or renewal fees.
  • 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.
  • The LIC cardholders can use the VISA Bill Pay facility to pay their outstanding utility bills ‘

Eligibility &  Documentation

Eligibility Criteria
  • Applicant should be an Indian Resident
  • Applicant should be of an age between 18 years to 60 years
  • Applicant can be either a self-employed or salaried employee
  • The applicant shall have a credit score of 700 or above
Documentation Required
  • Address Proof ( Aadhar card, Voter ID, and Passport)
  • Income Proof ( Bank Statement or salary slip of last 3 months, last 2 years’ audited financial report, etc)
  • Identity Proof (Aadhar Card, Driving License, Voter ID)



If you are an individual looking for an entry-level credit card then a LIC Platinum EMV card is a great option for you. This card charges zero membership fee and renewal fee from the customers, which in my opinion is the key feature of this card. Meanwhile, with the Platinum EMV card, the customers get a reward rate of Rs 0.50. However, you do not get enough redemption options on this particular credit card. The card also doesn’t provide the customer with any accelerated rewards or milestones benefits. What do you think about the LIC Platinum EMV card? Do tell us your reviews in the comments. You can also check for LIC Gold EMV Credit Card.


Yes, you can use an LIC Platinum EMV card to make international transactions

The customers get charged with an overtime fee of 2.5% subject to a minimum charge of Rs 250.

You can simply request the bank for a temporary credit limit on my LIC Platinum EMV card.

The customers get charged with an interest rate of  3% p.a. on the LIC Platinum EMV card.

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