New LIC Credit Card launched by IDFC First Bank, powered by Mastercard

This new LIC IDFC First Bank credit card promises Reward Point earnings on LIC policy premium payments, complimentary lounge access, Low Interests, and Lifetime Free.

by FighterMan Updated: 16 Dec, 2023, 13:31 IST
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IDFC First Bank, LIC Cards, and Mastercard launched the LIC Credit Card today i.e. 14th December 2023. It is a co-branded credit card catering especially to Life Insurance Corporation (LIC) policy enthusiasts.

lic credit card by idfc first bank

Only LIC policy holders can get their hands on this LIC credit card. It comes in 2 variants, LIC Classic credit card and LIC Select credit card. The USP of this credit card is that you will get reward points for paying the LIC insurance policy premium every time.

Benefits of this LIC credit card include upto ₹50000 lost card liability cover, upto ₹5 Lakh personal accident insurance cover, and complimentary access to lounges (airports and railway stations).

LIC Cards already have 3 variants of LIC credit card with Axis Bank which offer fuel, travel, and insurance benefits. Now with these new LIC IDFC First credit cards, expectations are high for better accelerated rewards and benefits. Also, it is expected that these will be LTF (lifetime free) cards with low interest rates (starting 9%).

I love saving money on everything. My aim is to get my readers what they are looking for and that too without wasting much of their time. Whatever I am writing on, you are sure to find a way to save good!
Top Comments
Finance Ninja Finance Ninja
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Both cards are absolutely trash. 2% reward rate for Select variant and 1.2% for Classic
Critic Critic
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But how many card give even 2% on direct lic premium payment on their website? Amazon already removed cc payment option for insurance premium & may in the future remove amazonpay balance option too or limit it to something like 10k/25k just like electricity bill.
Finance Ninja Finance Ninja
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@guest_999 Future me jo hoga so hoga.

Currently, you will get 5% upto Rs5000 cashback on Amazon gv  purchase through SBI Cashback credit card.

Use Amazon gv for insurance payment.
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Finance Ninja Finance Ninja
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Both cards are absolutely trash. 2% reward rate for Select variant and 1.2% for Classic
Deal Cadet Deal Cadet
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Expected ltf too
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Helpful Helpful
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LIC policy enthusiasts 😹😹

Deal Newbie Deal Newbie
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Unable to apply for this card. When asked customer care, they told that this card can only be applied through LIC agent who have this card
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