LIC Axis Bank Signature Credit Card - Complete Guide
About LIC Axis Bank Signature Credit Card
The LIC Axis Bank Signature Credit Card is a unique co-branded financial product designed for insurance policyholders and investors. Offering exclusive benefits on LIC premium payments and investment-related transactions, this card combines insurance advantages with premium banking benefits. Cardholders enjoy accelerated reward points on LIC transactions, life insurance covers, and special discounts on policy renewals. With comprehensive travel insurance, lounge access, and fuel surcharge waivers, it's ideal for regular LIC customers seeking to maximize their policy benefits while enjoying premium credit card privileges.
Key Specifications
| Feature | Details |
|---|---|
| Card Issuer | Axis Bank |
| Joining Fee | ₹3,000 + GST |
| Renewal Fee | ₹3,000 + GST |
| Annual Waiver | On ₹3L+ spends |
| Reward Rate | 10X on LIC payments |
| Airport Lounge | 6 visits/year |
| Railway Lounge | 4 visits/year |
| Insurance Cover | ₹50L life cover |
Comprehensive Features
- Card Network: Visa Signature
- Contactless Limit: ₹5,000 per transaction
- Fuel Waiver: 1% (min ₹400 transaction)
- Forex Markup: 2%
- EMI Conversion: 1% processing fee
- Add-on Cards: 3 free
Key Benefits
- 10X Rewards on LIC premium payments
- 1% LIC premium discount on card payments
- Complimentary Rs. 25L travel insurance
- Priority Pass membership
- 24x7 concierge service
- Accidental death cover up to ₹50L
Rewards Structure
| Category | Reward Rate |
|---|---|
| LIC Premium Payments | 10 pts/₹100 |
| Insurance Payments | 5 pts/₹100 |
| Fuel Spends | 4 pts/₹100 |
| Other Spends | 2 pts/₹100 |
Redemption Value: 1 RP = ₹0.25 (LIC payments) / ₹0.20 (others)
Fee Structure
| Charge Type | Amount |
|---|---|
| Joining Fee | ₹3,000 + GST |
| Annual Fee | ₹3,000 + GST |
| Cash Advance | 3% (min ₹500) |
| Late Payment | ₹1,000 + GST |
| Overlimit Fee | ₹600 + GST |
Eligibility Criteria
- Age: 23-70 years
- Minimum Income: ₹8L p.a. (Salaried)
- Credit Score: 750+ required
- Existing LIC Policy: Mandatory
- Residency: Indian resident
Required Documents
- PAN Card (Mandatory)
- Aadhaar Card/Passport
- LIC Policy Details
- Salary Slips (3 months)
- Bank Statements (6 months)
How to Apply
- Visit Axis Bank's LIC card page
- Click 'Apply Now'
- Enter personal details
- Upload LIC policy documents
- Submit income proof
- Complete video KYC
Maximizing Benefits
- Pay all LIC premiums through card
- Use for fuel spends (monthly cap ₹5,000)
- Avail 1% surcharge waiver on IRCTC
- Redeem points for LIC premium payments
- Use lounge access during travel
- Set up auto-pay for bill payments
Competitor Cards
| Card | Annual Fee | Key Benefit |
|---|---|---|
| SBI Life Insurance Card | ₹2,999 | 5% premium discount |
| HDFC Life MoneyBack | ₹2,500 | 1.5% cashback |
| ICICI Lombard Card | ₹1,999 | Free health checkup |
Official Channels
- Apply Online: Official Application Page
- Customer Care: 1860-266-5577
- Mobile Banking: Axis Mobile App
Expert Analysis
Pros:
- Best for LIC policyholders
- High insurance coverage
- Good reward rate on premiums
Cons:
- High annual fee
- Limited general spending benefits
Rating: 4.0/5 (For LIC customers)
Important Notice
⚠️ Disclaimer: This information is for educational purposes only. CreditCardPath.in is not associated with Axis Bank or LIC. Details may change without notice. Always verify information through official channels before applying. We don't guarantee card approval or accuracy of information.
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