LIC Axis Bank Signature Credit Card

Experience the synergy of Life Insurance Corporation and Axis Bank through the exclusive LIC Signature Credit Card. Earn reward points on both international and domestic transactions, unlocking a world of benefits. Enjoy perks like travel and insurance benefits, plus earn 2 reward points per Rs 100 on LIC premium payments and international spending, and 1 point on every Rs 100 spent. Additionally, relish complimentary airport lounge access at selected domestic airports in India. Elevate your financial journey with this LIC Axis Bank Signature credit card.

Key Highlights of LIC Axis Bank Signature Credit Card

Unlock unparalleled benefits with the LIC Axis Bank Signature Credit Card.

  1. No joining fee for LIC Signature Credit Card.
  2. Earn 2 reward points for every Rs. 100 spent on international transactions and LIC Premium payments.
  3. Earn 1 reward point for every Rs. 100 spent, excluding fuel, wallet load, and EMI transactions.
  4. Personal accident insurance up to Rs. 5 lakhs and air accident insurance up to Rs. 1 crore.
  5. Complimentary insurance covers: Rs. 5 lakhs for lost cards and Rs. 1 lakh for purchase protection.

Features and Benefits of LIC Axis Bank Signature Credit Card

The LIC Axis Bank Signature Credit Card offers several features and benefits:

1. MasterCard Lounge Access:

  • LIC Signature credit cardholders gain access to MasterCard airport lounges globally.

2. Insurance Benefits:

  • Enjoy lost card liability insurance, covering up to the credit limit, maxing at Rs.5 lakh.

3. PlusPoints Rewards:

  • Engage in the PlusPoints Rewards program for attractive redemption options.

4. Cash Withdrawals:

5. EMI Facility:

  • Convert purchases above Rs.2,500 into EMIs for lower interest repayments.

6. Fuel Surcharge Waiver:

  • Experience a 2.5% fuel surcharge waiver for transactions between Rs.400 and Rs.4,000 at Indian petrol stations.

7. Loan on Signature Credit Card:

  • Access easy loans with quick disbursements, requiring no documentation.

8. Supplementary Cards:

  • Obtain up to 3 supplementary cards for family members aged 15 years and above.

9. Balance Transfer:

  • Opt for balance transfers from other banks’ credit cards to LIC Axis Bank Signature credit card.

LIC Axis Bank Signature Credit Card Fees and Charges

Explore the fee structure for the LIC Axis Bank Signature Credit Card and discover the financial advantages that come with it.

  1. Annual Fee: NIL
  2. Interest-free Credit Period: Up to 50 days
  3. Finance Charge: 3.25% per month
  4. Add-on Card Fees: Joining/Annual Fees – NIL
  5. Cash Withdrawal Fee: 2.5% of cash limit or minimum Rs.250
  6. Duplicate Statement Fee: Waived off
  7. Card Replacement Fees: Waived off
  8. Fuel Transaction Surcharge: Waived off
  9. Late Payment Fee:
  • Rs.300 or less: Nil
  • Rs.301 to Rs.500: Rs.100
  • Rs.501 to Rs.1,000: Rs.500
  • Rs.1,001 to Rs.10,000: Rs.750
  • Rs.10,001 to Rs.25,000: Rs.950
  • Rs.25,001 to Rs.50,000: Rs.1,000
  • Above Rs.50,000: Rs.1,200

Eligibility Criteria for LIC Axis Bank Signature Credit Card

Here are essential criteria for applying for an LIC Axis Bank Signature Credit Card:

  1. Age eligibility: Applicants must fall within the age bracket of 18 to 60 years.
  2. Financial requirement: A minimum net income of Rs. 15 lakhs is necessary.
  3. Citizenship criteria: Individuals eligible for the LIC Signature Credit Card include Indian citizens and Non-Resident Indians (NRIs).

Documents Required for LIC Axis Bank Signature Credit Card

To apply for the LIC Signature Credit Card, you will typically need to provide the following documents:

  1. Choose one identity proof from Aadhar Card, Driving Licence, Passport, PAN Card, or Voter ID.
  2. Select one residential proof from Passport, Aadhar Card, Driving Licence, or Voter ID.
  3. Include a copy of your PAN Card.
  4. Provide a colored photograph.
  5. Submit either the latest salary slips, recent bank statements, ITR, or Form 16. Avoid repetition for a smooth application process.

How to apply for LIC Signature Credit Card?

Follow these steps to apply for the LIC Signature Credit Card:

  1. Visit LIC’s Official Website:
    Go to the official website of LIC (Life Insurance Corporation of India) or the website of the bank offering the LIC Signature Credit Card.
  2. Navigate to Credit Cards Section:
    Find the “Credit Cards” section on the website. Look for information related to the LIC Signature Credit Card.
  3. Check Eligibility:
    Review the eligibility criteria for the LIC Axis Bank Signature Card. Make sure you meet the required conditions.
  4. Complete the Application Form:
    Fill out the online application form with accurate personal and financial details. Ensure that you provide all the necessary information.
  5. Submit Documents:
    Upload the required documents such as identity proof, address proof, income proof, and any other documents specified by the bank.
  6. Choose Credit Limit:
    Some applications may allow you to choose your desired credit limit. Be mindful of your financial situation when making this selection.
  7. Review Terms and Conditions:
    Carefully read the terms and conditions associated with the LIC Axis Bank Signature Credit Card. Understand the fees, interest rates, and any other relevant information.
  8. Submit Application:
    After reviewing and confirming the details, submit your credit card application.
  9. Application Processing:
    The bank will review your application, perform a credit check, and assess your eligibility. This process may take some time.
  10. Receive Approval and Card Delivery:
    If your application is approved, you will receive the LIC Axis Bank Signature Credit Card. The card, along with its PIN and other relevant details, will be sent to your registered address.

FAQs:

Q1: What is the LIC Signature Credit Card?

The LIC Axis Bank Signature Credit Card is a premium credit card offered by Life Insurance Corporation of India (LIC) in collaboration with a banking partner. It comes with exclusive benefits, features, and privileges designed for high-net-worth individuals.

Q2: What are the key features of the LIC Axis Bank Signature Credit Card?

The key features include complimentary lounge access, rewards program, insurance coverage, concierge services, fuel surcharge waiver, and exclusive lifestyle privileges. It is tailored to meet the financial and lifestyle needs of affluent customers.

Q3: How can I apply for the LIC Axis Bank Signature Credit Card?

You can apply for the LIC Axis Bank Signature Credit Card through the official website of the issuing bank or by visiting the nearest branch. The application process typically involves submitting required documents and meeting eligibility criteria set by the bank.

Q4: What is the eligibility criteria for the LIC Axis Bank Signature Credit Card?

Eligibility criteria may vary, but generally, applicants should have a high income, a good credit score, and meet the age requirements set by the bank. Specific criteria can be obtained from the issuing bank.

Q5: What benefits does the LIC Signature Axis Bank Credit Card offer for travel?

The LIC Axis Bank Signature Card often provides complimentary airport lounge access, travel insurance coverage, and other travel-related benefits. These perks enhance the overall travel experience for cardholders.

Q6: Can I convert purchases made with the LIC Signature Credit Card into EMI?

Yes, many credit cards, including the LIC Axis Bank Signature Credit Card, offer the option to convert high-value purchases into easy monthly installments (EMIs). You can check with the issuing bank for details on the EMI conversion process.

Q7: Is there a rewards program associated with the LIC Axis Bank Signature Credit Card?

Yes, the LIC Axis Bank Signature Card typically comes with a rewards program where cardholders earn points for every eligible transaction. These points can be redeemed for a variety of rewards, including travel, merchandise, and more.

Q8: How can I check my credit card statement and outstanding balance?

You can access your credit card statement and check outstanding balances through the online banking portal provided by the issuing bank. Many banks also offer mobile apps for convenient account management.

Q9: Are there any annual fees associated with the LIC Axis Bank Signature Credit Card?

Yes, there is usually an annual fee associated with the LIC Axis Bank Signature Card. The exact amount can vary, and it’s advisable to check the terms and conditions provided by the issuing bank.

Q10: What should I do if my LIC Axis Bank Signature Credit Card is lost or stolen?

In case of loss or theft, promptly contact the customer service hotline of the issuing bank to report the incident. The bank will guide you through the process of blocking the card and issuing a replacement.