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  • LIC Signature Credit Card

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    A premium lifestyle and a world of privileges await you, when you procure a LIC Signature Credit Card. This signature card from LIC offers you world-class dining, travel and lifestyle benefits, which can be used across the globe. The LIC Signature credit card also carries offers from top retail brands, Visa offers and golf privileges. Customers can also enjoy numerous features like rewards program, insurance cover, balance transfer, fuel surcharge waivers, etc., and the LIC Signature credit card is also a life-time free card.

    Features and Benefits of a LIC Signature Credit Card:

    A LIC Signature credit card comes with the following features -

    • PlusPoints Rewards Program:

      The PlusPoints Rewards program offers LIC Signature credit card users attractive rewards and redemption options. This rewards program has been created to provide the best rewards experience on spends. Customers can earn 2 rewards points for every Rs. 100 spend on foreign currency purchases and LIC premium payments. Other card purchases done, earn customers 1 rewards point for every Rs. 100 spent and 1 PlusPoint for every Rs. 100 spent. Amassed rewards points can be redeemed for shopping vouchers, lifestyle products and according to the applicable conversion rates in the Axis Bank PlusPoint Catalogue. Every redemption done by a card holder will carry a handling charge of Rs. 30. LIC Signature credit card customers have to collect a minimum of 1000 rewards points to make rewards redemptions.

    • MasterCard Lounge Access Program:

      LIC Signature credit card customers can enjoy access to MasterCard airport lounges across India and around the globe.

    • Insurance:

      Signature credit card users can enjoy complimentary lost card liability insurance for an amount up to their credit limit, up to a maximum of Rs.5, 00, 000. This lost card liability cover protects card users against any fraudulent transactions when their credit cards have been lost or stolen. The card holder is required to report the loss of credit card to the LIC Cards Customer Service, when he is in India or to the VISA Global Service helpline, if abroad. Once the card loss has been reported to the helpline, a replacement credit card would be sent within seven working days. The lost card liability insurance does not cover any ATM or internet transactions. Signature customers can also get purchase protection cover for an amount of Rs. 1, 00,000.

    • Cash Withdrawals:

      Signature card users can make ATMs cash withdrawals across India using their LIC credit cards.

    • Offers:

      Customers can also get exciting offers from top brands like Apple, Kimaya, Edox, Moschino, Baume & Mercier and Tie Rack along with charter services for yachts and aircrafts. Additionally, Signature customers can get entertainment offers from and other golf benefits.

    • EMI Option:

      LIC Signature credit card holders can convert high value purchases above Rs. 2500 into EMIs and make repayments at low interest rates. The monthly installment conversion can be done by customers at an interest rate of 1.5% for one month, which is calculated on a monthly reducing balance. When an EMI conversion is done by a customer, LIC charges a processing fee of Rs. 150 or 1.5%, whichever is higher. Customers can convert their purchase transactions into monthly installments with tenures starting from 3,6,12 to 24 months.

    • Loan on a LIC Signature Credit Card:

      Card holders can also get easy loans on Signature credit cards with no documentation and quick disbursements. The loan can be repaid with flexible tenures and also at low interest rates. A processing fee of Rs. 500 or 1.5%, whichever is higher, is charged for the loan. If a card holder forecloses the loan, then a fee of 3% of the outstanding amount is levied.

    • Supplementary Cards:

      LIC Signature credit card customers can get up to three supplementary cards for their parents-in-laws, parents, spouse, children or siblings aged above 15 years. Add-on card applicants have to be Indian residents.

    • Fuel Surcharge Waiver:

      Signature credit card holders can enjoy a fuel surcharge waiver of 2.5% on transactions done anywhere between Rs. 400 and Rs. 4000 at any petrol bunk in India. The maximum waiver amount that card holders can get in one month is Rs. 400.

    • Balance Transfer:

      Users can also opt to transfer the outstanding balance from other bank credit cards to their Signature credit cards. LIC offers two plans at attractive interest rates.

      1. 0% Interest Plan - Under the first plan, card holders are charged no interest for the first 3 months of repayment. After the three month period, an interest rate of 2.95% will be levied. The processing fee that is charged under this 0% interest plan is Rs. 199 or 2%, whichever is higher.
      2. 0.75% Interest Plan - The second plan that users can choose is repayment at an interest rate of 0.75% for the first three months. After the three month period, an interest rate of 2.95% will be levied. The processing fee that is charged for the second balance transfer plan is Rs. 100 or 1%, whichever is higher.

    Documents required:

    The applicant’s pay slip showing a gross salary of Rs. 1, 25,000 should be furnished to LIC.


    The applicant for a Signature Credit card should furnish a net income of Rs. 15, 00,000 or above, per annum. The LIC Signature card can be procured at twenty eight cities in India.

    Fees & Charges:

    Annual Fee NIL
    Add-on Card Joining Fees / Annual Fees NIL
    Interest-free Credit Period Up to 50 days
    Card replacement Fees Waived off
    Cash withdrawal Fee 2.5% of the cash limit / A minimum of Rs.250.
    Duplicate Statement Fee Waived off
    Cheque return / dishonor Fee Rs. 300
    Fuel Transaction Surcharge Waived off
    Dial-an-EMI : Interest rates

    1.5% for 3, 6, 12 and 24 months

    Processing fee - 1.5% or Rs. 150,whichever is higher

    Emergency card replacement charges, while abroad. According to VISA Global Customer Assistance Services
    Copy Request Fee / Charge slip Retrieval Fee Waived off
    Copy Request Fee Waived off
    Late Payment Fee

    Rs. 300 - If the total outstanding amount is up to Rs. 2000.

    Rs. 400 - If the total outstanding amount is between Rs. 2001 and Rs. 5000.

    Rs. 600 - If the total outstanding amount is Rs. 5001 and above.

    PlusPoint Redemption Fee Rs. 30 / request
    Transaction Alert Charges Waived
    Balance Enquiry Charges Waived off
    Foreign Currency Transaction Fee 3.50% of the transaction amount

    LIC Signature Credit Card FAQs:

    1. What are the type of purchases that can be made using a LIC Signature credit card?

      A Signature credit card can be used to book travel and movie tickets, make online transactions, retail purchases and also make reservations for services.

    2. Can LIC Signature credit card applicants track the status of their card applications online?

      Yes, customers can track the status of their Signature card application on the LIC card website, by just entering their application ID.

    3. Is the e-statement facility available to Signature credit card customers?

      Yes, customers can get e-statements from the LIC card site, by entering certain details like the credit card number, card holder’s name, the date of birth and the card validity date.

    4. What are the different offline payment options for LIC Signature Credit Card customers?

      The below mentioned offline services can be used by LIC Signature Credit Card holders -

      • Draft
      • Cheque
      • Cash Payments
    5. What are the different online payment options for LIC Signature Credit Card customers?

      The below mentioned online services can be used by LIC Signature Credit Card holders -

      • Visa Money Transfer
      • NEFT Payment
      • Online payments from other Bank Accounts

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