By Divya Shokeen
Updated On October 11, 2021

Life Insurance Corporation in association with Axis Bank offers a LIC Visa Signature Credit Card. You can earn reward points on international and domestic transactions on this card. Besides shopping benefits, on this card, you can also enjoy the travel and insurance benefits. With this LIC Visa Signature credit card, you earn 2 reward points per Rs 100 spent on LIC premium payments and international spending and 1 reward point on every Rs 100 spent. Read on to know more about the Axis Bank LIC Signature Credit Card features and offers.

LIC VISA Signature Credit Card

Best Suited For

Shopping |

Joining Fee

NIL

Reward Type

Reward Points |

Product Details

  • The LIC VISA Signature Credit Card comes with a joining fee of NIL.
  • Earn 2 reward points on every Rs. 100 spent on international transactions and LIC Premium payments.
  • Earn 1 reward point on every Rs. 100 spent on all other categories except on fuel, wallet load, and EMI transactions.
  • Get personal accident insurance cover upto Rs. 5 lakhs and air accident insurance cover upto 1 crore.
  • Get a complimentary insurance cover of upto Rs. 5 lakhs for lost cards and Rs. 1 lakh for purchase protection.

Rewards and Benefits

Welcome Benefits

NA

Movie & Dining

NA

Rewards Rate

You can earn 2 reward points on spending every Rs. 100 on international transactions and LIC premium payments. You can also earn 1 reward point on every Rs. 100 on all other categories excluding fuel transactions, wallet load, EMI transactions on this card.

Reward Redemption

Reward points can be redeemed using the LIC rewards catalog. You can redeem your reward points from a plethora of products, e-vouchers, and gifts cards

Travel

2 complimentary lounge access per quarter.

Golf

NA

Domestic Lounge Access

2 complimentary domestic lounge access per quarter.

International Lounge Access

2 complimentary international lounge access per quarter.

Insurance Benefits

Covers personal accident insurance of upto Rs. 5 lakhs and air accident insurance of upto 1 crore. Also, you get a purchase protection insurance of upto Rs. 1 lakh.

Zero Liability Protection

Covers a card lost insurance of upto Rs. 5 lakhs.

Fees & Charges

Joining Fee

NIL

Renewal Fee

Nil

Spend based Waiver

NA

Rewards Redemption Fee

Rs. 30 + GST

Rewards Redemption Fee

Rs. 30 + GST

Foreign Currency Markup

3.50%

Interest Rates

3.6% p.m. (52.86% p. a.)

Fuel Surcharge

Avail 1% fuel surcharge waiver at all petrol pumps in India on transactions between Rs. 400 – Rs. 4,000). Maximum fuel surcharge benefit is capped at Rs. 400 per month.

Cash Advance Charge

2.5% or a minimum of Rs. 500.

Add-on Card Fee

Nil

LIC VISA Signature Credit Card Rewards

  • LIC VISA Signature card lets you earn 2 reward points on every Rs. 150 on LIC premium payments and international transactions using the credit card.
  • On this credit, you can earn 1 reward point on every Rs. 100 on all other transactions except wallet load, EMI transactions, and Fuel transactions.

Reward redemption

  • On  LIC Signature Credit Card, you can easily redeem your accumulated reward points for purchasing products, e-vouchers, and gift cards.
  • You can redeem your collected reward points using the LIC Credit Cards rewards catalog.

Insurance benefits

  • LIC VISA Signature Credit Card covers a personal accident cover up to Rs. 5 lakh and air accident cover up to Rs. 1 crore.
  • On this card, you also get a purchase protection cover up to Rs. 1 lakhs.

Other Benefits

  • You also get a card lost insurance cover of up to Rs. 5 lakhs on a LIC VISA Signature Credit Card.

Eligibility Criteria

The applicant must check the eligibility requirement before applying for the LIC VISA Signature Credit Card. The applicant must:

  • Be between the age of 18-60 years.
  • Have a minimum net income of Rs. 15 lakhs.
  • Be a citizen of India or NRI.

Conclusion

LIC VISA Signature Credit Card is a decent credit card designed to cater to the needs of first-time credit card users. You can build your credit history with this card. The credit cardholder also gets a card lost insurance cover of up to  Rs. 5 lakhs on this card and other personal accident and air accident insurance benefits.
One can vouch for this credit card to avail of the shopping and insurance benefits. If you already have a LIC Signature credit card comment down your experience and reviews. You can also consider LIC Platinum Credit Card to start your credit card journey with.

FAQs:

No, you do not get a spend-based waiver as there is no joining and renewal fee on the LIC VISA Signature credit card.

No, you do not welcome benefits on the LIC VISA Signature Credit Card.

Yes, you get 2 complimentary lounge access per quarter on this credit card.

No, you do not get any milestone benefits on this credit card.

To redeem your accumulated reward points earned on the LIC VISA Signature credit card, you can contact customer care on 1800-419-0064.

Comments

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Add cards to start comparing

Compare Cards