LIC Axis Bank Platinum Credit Card

Published: April 28, 2025 By Credit Card Path Editorial

LIC Axis Bank Platinum Credit Card - Complete Guide & Benefits

Card Issuer	Axis Bank
Joining Fee	₹500 + GST
Renewal Fee	₹500 + GST (waived if spends exceed ₹1 lakh annually)
Card Category	Co-branded Insurance
Rewards Rate	Up to 5X rewards
Airport Lounge	2 complimentary accesses/year
Railway Lounge	1 visit/quarter

About LIC Platinum Credit Card

The LIC Axis Bank Platinum Credit Card is specially designed for LIC policyholders, offering exclusive benefits on insurance payments and financial services. This co-branded card provides accelerated rewards on LIC premium payments, discounts on policy renewals, and financial security features. Cardholders enjoy comprehensive insurance covers, lifestyle benefits, and easy integration with LIC customer portal for seamless policy management.

Key Features & Benefits

5% cashback on LIC premium payments
1% fuel surcharge waiver
Free personal accident cover ₹10 lakh
2X reward points on insurance spends
Discounts on LIC policy renewals
Emergency loan against LIC policies

Rewards Structure

Spend Category	Rewards
LIC Premium Payments	5% cashback
Insurance Payments	3% cashback
Medical Expenses	2% cashback
Other Spends	1% cashback

Fee Structure

Charge Type	Amount
Joining Fee	₹500 + GST
Annual Fee	₹500 + GST
Cash Withdrawal	3.5% of amount
Late Payment Fee	₹600 + GST

Eligibility Criteria

Age: 21-65 years
Minimum income: ₹25,000/month
Existing LIC policyholder mandatory
CIBIL Score: 700+ preferred

Required Documents

PAN Card (mandatory)
Active LIC policy details
Address Proof (Aadhaar/Passport)
Income proof (salary slips/ITR)

Application Process

Visit Axis Bank LIC card page
Verify LIC policy details
Complete online application
Upload required documents
Complete video KYC

Apply Now

Maximizing Benefits

Pay LIC premiums through dedicated portal
Use for medical emergencies and insurance
Combine with LIC bonus redemption
Avail fuel surcharge waiver regularly

Similar Credit Cards

Card Name	Key Feature
HDFC Life Smarter	3% insurance rewards
SBI Life Credit Card	Premium discounts
ICICI Lombard Card	Health insurance benefits

Official Links

Expert Review

Pros: Best for LIC customers, insurance benefits, low fees
Cons: Limited general rewards, basic lounge access
Verdict: 4.3/5 - Essential for LIC policyholders with annual premium above ₹50,000

Important Disclaimer

⚠️ This information is for educational purposes only. Features may change as per bank/insurer policies. We are not affiliated with Axis Bank or LIC. Always verify details from official sources before application. Credit approval subject to eligibility criteria.

Disclaimer & affiliate disclosure: This review is for informational purposes only. Credit card features, fees and offers can change. Always verify details on the official bank website and MITC before applying. Credit Card Path may earn a commission if you apply through links on this page at no extra cost to you. This does not change the price you pay. We are not a bank or RBI-regulated lender.

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