Currently, LIC has 2 types of credit card LIC Silver Card and LIC Gold Card
Both the above LIC cards are Photo cards which bears your photo as well as your signatures on the front of the credit card, which gives a distinctive security advantage as well as an identity to the card.
LIC Credit Card Features:
- Personal Accident Coverage – Rs.1 lakh for Classic cards and Rs.5 lakhs for Gold cards.
- Purchase Protection – All merchandise of value Rs.5000 or more purchased through the LIC Cards stand insured against damage or loss due to fire or theft, up to a limit of Rs.50,000 for a period of one year from the date of purchase.
- Credit Shield facility – In the unfortunate event of Accidental death, the cardholder’s liability will be treated as repaid, up to a balance of Rs.50,000.
- Lost card Liability – On reporting of loss / theft of the card, the cardholder shall be protected from any financial liability arising out of transactions done on the lost/stolen card from the time of reporting the loss/theft.
Why you should apply for a LIC Credit Card?
Reputation and Brand Image
Being in Insurance business for more than 50 years and managing billions of dollars for more than a million policy holders. So one thing is for sure that you are in safe hands.
Quick, Easy Convenient
Every person needs a quick, easy and convenient way to pay LIC premium and buy products and services online at lowest possible price. LIC has made it possible for you.
With LIC credit card you will have a option to set a limit to your credit card which will keep a check on your useless spending habits.
Online premium payment
No more waiting in lines to pay LIC premium over the counter. You can pay online from the conforts of your home or office.
No Illegal Recovery Methods
Unlike other credit card company who uses forceful recovery methods to recover money, our methods would be more peaceful and in compliance with international method of recovery. LIC Credit cards are issued by Corporation Bank
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The above is the product summary giving the key features of the LIC Cards. This is for illustrative purpose only. This does not represent a contract and for details please refer to your policy document.