Home/Personal Finance/New LIC Credit Card launched by IDFC First Bank, powered by Mastercard
Last updated over 2 years ago By FighterMan

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

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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.

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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%).

FighterMan aka Sahil Hitesh Ajmera is a 4+ Years Experienced Content Writer with 1.2M+ User Sessions, 486.41% max growth, and 1000+ Articles across Best Products, OTT, Telecom, Online Shopping, Finance, Credit Cards, Saving Tips, Deals & Offers, more!
Top Comments
Finance Ninja
over 2 years
Both cards are absolutely trash. 2% reward rate for Select variant and 1.2% for Classic
Critic
over 2 years
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 Mentor
over 2 years
@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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Deal Cadet
over 2 years
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
Helpful
over 2 years

LIC policy enthusiasts 😹😹

Finance Ninja
over 2 years
Both cards are absolutely trash. 2% reward rate for Select variant and 1.2% for Classic
Deal Subedar
over 2 years
Expected ltf too
Pro Blogger
over 2 years

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.

||google_ad||

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%).

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