LIC Credit Card

The LIC Credit Card is a financial product offered by LIC (Life Insurance Corporation of India) through its subsidiary, LIC Cards Services Limited, in collaboration with a partner bank. These credit cards are designed to provide users with a range of benefits tailored to their spending habits, financial goals, and lifestyle needs. Here’s an overview:

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Features and Benefits

  • Variety of Cards: LIC offers different types of credit cards to cater to diverse customer needs, such as basic cards for entry-level users and premium cards for high-end customers.

  • Reward Points: Cardholders earn reward points for every purchase made using the card. These points can typically be redeemed for gifts, vouchers, or bill payments.

  • Exclusive LIC Policy Benefits: Many LIC credit cards offer unique features that link directly to LIC insurance policies, such as:

    • Discounts on premiums.
    • Enhanced rewards for LIC-related transactions.
    • Special offers for LIC policyholders.

  • Interest-Free Credit Period: Cardholders can enjoy an interest-free period, typically ranging from 20 to 50 days, depending on the card type and payment cycles.

  • Low Joining and Renewal Fees: The LIC Credit Card often comes with affordable or waived joining fees and annual renewal charges for select categories.

  • Global Acceptance: LIC credit cards are widely accepted at millions of merchants worldwide and can also be used for online transactions, making them convenient for domestic and international usage.

  • Insurance Coverage: Many LIC credit cards provide complimentary insurance benefits such as accidental death cover, travel insurance, or purchase protection.

  • Easy EMI Options: Purchases made using the card can often be converted into affordable Equated Monthly Installments (EMIs) for better financial management.