The LIC Signature Credit Card is a lifetime-free premium credit card launched by LIC Cards in partnership with Axis Bank. Built for policyholders who pay LIC premiums regularly, it offers accelerated reward points on premium payments and international spends, complimentary domestic airport lounge access, insurance cover, and a fuel surcharge waiver — all with zero joining and annual fees. In this review, we cover the card’s benefits, fees, eligibility, and documents required so you can decide if it belongs in your wallet.
LIC Signature Credit Card: Quick Overview
| Feature | Details |
| Card Type | Co-branded (LIC Cards + Axis Bank), Visa Signature |
| Joining / Annual Fee | Nil (Lifetime Free) |
| Eligibility Criteria | Rs. 15,00,000 |
| Interest-free Credit Period | Up to 50 days |
| Reward Rate | 1 PlusPoint per Rs. 100 spent |
| Accelerated Rewards | Double PlusPoints on international spends and LIC premium payments |
| PlusPoints Redemption | As per conversion rates in the Axis Bank PlusPoint Catalogue |
| Insurance Cover | Lost Card Insurance up to the credit limit |
| Fuel Surcharge Waiver | Yes (1%) |
| Cash Withdrawal | Yes |
| Photo / Signature Card | No |
Key Features and Benefits
Reward Points on Every Spend
You earn 1 PlusPoint for every Rs. 100 spent per transaction. The real value kicks in on LIC premium payments and foreign currency spends, which earn 2 PlusPoints per Rs. 100 — double the standard rate. Points can be redeemed as per the applicable conversion rates in the Axis Bank PlusPoint Catalogue.
Complimentary Airport Lounge Access
Cardholders receive complimentary visits to domestic airport lounges every year, a benefit rarely found on a card with no annual fee.
Insurance Coverage
The card includes complimentary lost card liability insurance up to your credit limit, along with other insurance benefits — useful protection if your card is ever lost or stolen.
Fuel Surcharge Waiver
Get a 1% fuel surcharge waiver at petrol stations across India, saving you money on every fuel transaction.
Additional Benefits
- Access to the Axis Bank Dining Delights programme for dining discounts.
- Option to convert large purchases into EMIs.
- All eligible Axis Bank credit card usage offers (T&C apply).
- Interest-free credit period of up to 50 days.
- Cash withdrawal facility.
Fees and Charges
The LIC Signature Credit Card is a lifetime free credit card — there is no joining fee and no annual fee, ever. This makes it a genuinely low-cost card to hold, especially for LIC policyholders who benefit from the accelerated rewards.
Eligibility Criteria
- The primary cardholder should be between 18 and 70 years of age.
- The applicant must be a Resident of India.
Please note these criteria are indicative — Axis Bank reserves the right to approve or decline any LIC Credit Card application.
Documents Required
- PAN card photocopy (or Form 60)
- Colour photograph
- Proof of income: latest payslip / bank statement / Form 16 / IT return copy
- Residence proof (any one): Passport, Driving License, Voter ID Card, Aadhaar Card
- Identity proof (any one): Passport, Driving License, Voter ID Card, Aadhaar Card, PAN Card
This list is indicative; documents required may vary on a case-to-case basis.
Who Should Get the LIC Signature Credit Card?
If you make significant LIC premium payments every year, travel frequently, or spend in foreign currency, this card is an easy recommendation — you get double rewards on exactly those categories with no annual fee to justify. Before applying, evaluate your spending patterns and compare it with other cards in the market to make sure it fits your needs.
FAQs on LIC Signature Credit Card
Is the LIC Signature Credit Card free?
Yes. It is a lifetime free credit card with no joining fee and no annual fee.
Which bank issues the LIC Signature Credit Card?
It is a co-branded card issued by Axis Bank in partnership with LIC Cards.
How many reward points do I earn on LIC premium payments?
You earn 2 PlusPoints per Rs. 100 on LIC premium payments and international spends — double the standard 1 PlusPoint per Rs. 100 on other categories.
What is the interest-free period on this card?
The card offers an interest-free credit period of up to 50 days, depending on your statement cycle.
