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LIC Gold EMV Credit Card

Discover a plethora of benefits with the Gold EMV Card from the Life Insurance Corporation. Avail personal accident insurance up to Rs.1 lakh and purchase protection up to Rs.50,000. Enjoy a fee-free experience with no annual or joining fees, coupled with a competitive finance charge of 2.75% per month.

Key Highlights of LIC Gold EMV Credit Card

Discover exclusive advantages when you wield the LIC Gold EMV Credit Card.

  1. Get Rs.1 lakh Personal Accident Insurance when you obtain the LIC Gold EMV Credit Card.
  2. Earn 1 reward point for every Rs.150 spent on the card.
  3. Take advantage of Purchase Protection, safeguarding purchases for a maximum of Rs.50,000 within a span of 60 days.
  4. Enjoy Credit Shield of up to Rs.50,000 in case of Permanent Disability.

Features and Benefits of LIC Gold EMV Credit Card

The LIC Gold EMV Credit Card presents a range of advantages and perks for its users, ensuring a rewarding experience with unique offerings.

1. Personal Accident Insurance:

  • The credit card offers a coverage of up to Rs.1 lakh.

2. Purchase Protection:

  • You’re covered for purchases up to Rs. 50,000 within a two-month period.

3. Credit Shield:

  • Rs.50,000 credit shield for permanent disability (T&C apply).

4. Reward Point Benefits:

  • Get 1 reward point with each Rs.150 spent, without repetition.
  • 1 reward point equals Rs.0.25.

5. Balance Transfer Facility:

  • Consolidate balances from your other cards onto your LIC Gold EMV Card.

6. Predefined Credit Limit:

  • Flexible credit limit; primary cardholders can request a lower limit.

7. EMI Facility:

  • Convert purchases over Rs.2,500 into EMIs for 6, 12, or 24 months.

LIC Gold EMV Credit Card Fees and Charges

Discover the fee arrangement linked to the LIC Gold EMV Credit Card and unravel the accompanying monetary benefits it offers.

  1. Joining Fee: Nil
  2. Annual Fee: Nil
  3. Interest on Revolving Credit: 2.75% per month (Annually – 33%)
  4. Add-on Card: 1 card: Free , Every additional card: Rs.100
  5. Interest on Cash Advance: 2.75% per month
  6. ATM Cash Withdrawal Fee: 2.5% of the transaction
  7. Cash Advance Limit: 10% of the credit limit
  8. Late Payment Charges:
  • 30% of the total amount due
  • Minimum: Rs.100
  • Maximum: Rs.500

Eligibility Criteria for LIC Gold EMV Credit Card

Below are the vital requirements to be eligible for the LIC Gold EMV Credit Card application:

1. Employment Status:

  • Individuals who qualify must fall into one of two categories: they should either be employed and receiving a salary or be self-employed.

2. Nationality:

  • Applicants must hold Indian citizenship.

3. Age Requirement:

  • Applicants must be at least 18 years old.

4. Creditworthiness:

  • A favorable credit score is a crucial prerequisite for credit card application.

Documents Required for LIC Gold EMV Credit Card

To seek approval for the LIC Gold EMV Credit Card, you typically must furnish the subsequent documents:

  1. Provide proof of address: Choose one from Aadhar card, Voter ID, or Passport.
  2. Submit income proof: Options include Bank Statement or salary slip from the last 3 months, or audited financial reports from the last 2 years.
  3. Furnish identity proof: Choose either an Aadhar Card, Driving License, or a Voter ID.

How to apply for LIC Gold EMV Credit Card?

Follow these steps to apply for the LIC Gold EMV Credit Card:

  1. Apply for LIC Credit Card at corporation offices or online.
  2. Visit LIC’s official website for a convenient online application.
  3. Complete the application form at a nearby LIC office.
  4. Choose between in-person or hassle-free online application methods.

FAQs:

1. What is the LIC Gold EMV Credit Card?

The LIC Gold EMV Credit Card is a credit card offered by Life Insurance Corporation of India (LIC). It comes with EMV chip technology, providing enhanced security for your transactions.

2. How can I apply for the LIC Gold EMV Credit Card?

You can apply for the LIC Gold EMV Credit Card through the LIC website or by visiting a LIC branch. The application process typically involves submitting the required documents and meeting the eligibility criteria.

3. What are the eligibility criteria for the LIC Gold EMV Credit Card?

Eligibility criteria may vary, but generally, applicants should be within a certain age range, have a stable source of income, and meet other specified criteria. Check with LIC for the most up-to-date eligibility requirements.

4. What are the key features of the LIC Gold EMV Credit Card?

The LIC Gold EMV Credit Card offers features such as an EMV chip for added security, reward points on transactions, flexible repayment options, and access to a wide range of benefits and discounts.

5. How does the reward points system work with the LIC Gold EMV Credit Card?

The credit card typically offers a rewards program where you earn points for every eligible transaction. These points can be redeemed for various rewards such as cashback, merchandise, or vouchers. Details about the rewards system can be found in the card’s terms and conditions.

6. Is there an annual fee for the LIC Gold EMV Credit Card?

Check the terms and conditions or contact LIC for information about any annual fees associated with the LIC Gold EMV Credit Card. Some credit cards may have an annual fee, while others may offer a waiver based on certain criteria.

7. How do I make payments on my LIC Gold EMV Credit Card?

You can make payments for your LIC Gold EMV Credit Card through various channels, including online banking, mobile banking, cheque payments, or at LIC branches. The specific payment options and procedures will be outlined in the credit card statement.

8. How can I check my credit card statement and transaction history?

You can typically access your credit card statement and transaction history through the LIC online portal or mobile app. Regularly reviewing your statements helps you keep track of your expenses, due dates, and available credit.

9. What should I do if my LIC Gold EMV Credit Card is lost or stolen?

In case of loss or theft, immediately contact LIC’s customer service or the designated helpline to report the incident. The card will be blocked to prevent unauthorized transactions, and a replacement card can be issued.

10. How can I contact LIC for any issues or queries related to the Gold EMV Credit Card?

You can reach LIC’s customer service through the contact details provided on their official website or the information available on the credit card documents. Customer service representatives can assist you with any card-related queries or concerns.