LIC Titanium Credit Card

The LIC Titanium credit card, a joint venture between LIC and Axis Bank, stands out as a no-annual-fee card. It rewards users with up to 2 points for every Rs 100 spent on LIC premiums and international transactions, and 1 point for other expenditures. Beyond rewards, cardholders enjoy perks like lost card protection and a fuel surcharge waiver, enhancing the overall value of this credit card.

Key Highlights of LIC Titanium Credit Card

Unlock unparalleled benefits with the LIC Titanium Credit Card.

  1. Zero Annual Fee
  2. Earn 2 Reward Points for every Rs 100 spent on LIC Premium Payment and International transactions
  3. Gain 1 Reward Point for every Rs 100 spent across all categories
  4. Enjoy Lost Card Liability cover up to the credit limit
  5. Avail a 1% fuel surcharge waiver on fuel transactions ranging from Rs 400 to Rs 4000.

Features and Benefits of LIC Titanium Credit Card

The LIC Titanium Credit Card offers several features and benefits:

1. MasterCard Lounge Access Program:

  • LIC Titanium credit cardholders enjoy lounge access globally.

2. Insurance Benefits:

  • Receive lost card liability insurance up to the credit limit (max Rs.5 lakh).

3. PlusPoints Rewards Program:

  • Earn 2 points for every Rs.100 on foreign currency purchases and LIC premium payments.
  • Get 1 point for every Rs.100 on other purchases and 1 PlusPoint for every Rs.200 spent.

4. Cash Withdrawals:

5. EMI Option:

  • Convert purchases above Rs.2,500 into EMIs with lower interest rates.

6. Fuel Surcharge Waiver:

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

7. Loan on LIC Titanium Credit Card:

  • Access easy loans with quick disbursements and no documentation.

8. Supplementary Cards:

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

9. Balance Transfer:

  • Transfer outstanding balances from other banks’ credit cards to LIC Titanium credit card.

LIC Titanium Credit Card Fees and Charges

Explore the fee structure for the LIC Titanium 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. Interest Rate: 3.25% per month
4. Add-on Card Joining Fees / Annual Fees: NIL
5. Card Replacement Fees: Waived off
6. Cash Withdrawal Fee: 2.5% of cash limit or a minimum of Rs.250.
7. Dial-an-EMI:

Interest Rates:

  • 1.5% for 3, 6, 12, and 24 months
  • Processing fee: 1.5% or Rs.150, whichever is higher

8. Duplicate Statement Fee: Waived off
9. Emergency Card Replacement Charges (abroad): As per VISA Global Customer Assistance Services
10. Copy Request Fee: Waived off
11. Cheque Return / Dishonor Fee: Rs.300
12. Copy Request Fee / Charge Slip Retrieval Fee: Waived off

13. Late Payment Fee:

  • Nil if outstanding payment is Rs.300
  • Rs.100 if between Rs.301 and Rs.500
  • Rs.500 if between Rs.501 and Rs.1,000
  • Rs.750 if between Rs.1,001 and Rs.10,000
  • Rs.950 if between Rs.10,001 and Rs.25,000
  • Rs.1,000 if between Rs.25,001 and Rs.50,000
  • Rs.1,200 if more than Rs.50,000

Eligibility Criteria for LIC Titanium Credit Card

Here are essential criteria for applying for an LIC Titanium Credit Card:

  1. Nationality: Open to residents of India and Non-Resident Indians.
  2. Age: Applicants must be between 18 and 70 years old.
  3. Occupation: Both salaried and self-employed individuals are eligible.
  4. Minimum Income: A minimum annual income of Rs. 3 lakh (equivalent to Rs. 25,000 monthly gross salary).

Documents Required for LIC Titanium Credit Card

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

1. Address Proof:

  • Aadhar card
  • Voter ID
  • Passport

2. Income Proof:

  • Bank statement or salary slip of the last 3 months
  • Last 2 years’ audited financial report, etc.

3. Identity Proof:

  • Aadhar Card
  • Driving License
  • Voter ID

How to apply for LIC Titanium Credit Card?

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

  1. Visit LIC’s official website.
  2. Navigate to the ‘Personal’ section in the website header.
  3. Click on ‘Credit Cards’ to explore available options.
  4. Choose the LIC Titanium Credit Card variant.
  5. On the card’s page, locate and click on the ‘Apply Now’ option.
  6. Complete the application form with the required details.
  7. Click ‘Submit’ to send your application.
  8. The bank will review your application for verification.
  9. Expect follow-up communication from the bank’s representative for additional documentation if needed.

Frequently Asked Questions (FAQs) –

1. What is the LIC Titanium Credit Card?

The LIC Titanium Credit Card is a premium credit card offered by LIC Cards Services Limited, a subsidiary of Life Insurance Corporation of India. It comes with various features and benefits designed to cater to the diverse needs of cardholders.

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

You can apply for the LIC Titanium Credit Card through the official LIC Cards website or by visiting the nearest LIC branch. The application process typically involves submitting your KYC documents and meeting the eligibility criteria set by LIC Cards Services Limited.

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

The eligibility criteria may vary, but generally, you should be a primary cardholder of LIC’s life insurance policies and meet the income criteria set by LIC Cards Services Limited. Other factors such as age, credit history, and employment status may also be considered.

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

The LIC Titanium Credit Card comes with features such as reward points on purchases, complimentary insurance coverage, fuel surcharge waiver, and exclusive discounts on various lifestyle and entertainment categories. Check the official website or brochure for the most up-to-date information.

5. How can I earn and redeem reward points with the LIC Titanium Credit Card?

You can earn reward points by making eligible purchases using your LIC Titanium Credit Card. These points can be redeemed for a variety of options, including merchandise, travel bookings, and more. The redemption process and options may be detailed in the rewards program provided by LIC Cards.

6. What is the annual fee for the LIC Titanium Credit Card?

The annual fee for the LIC Titanium Credit Card may vary, and there could be different fee structures based on your usage and payment behavior. Refer to the official terms and conditions or contact LIC Cards customer support for the most accurate and current fee information.

7. Is there a grace period for bill payments on the LIC Titanium Credit Card?

LIC Cards usually provides a grace period for bill payments. The specific details, such as the grace period duration and any associated late payment charges, can be found in the terms and conditions provided with the credit card.

8. How can I check my LIC Titanium Credit Card balance and statements?

You can check your credit card balance and statements through the LIC Cards online portal, mobile app, or by contacting the customer support helpline. Ensure that you keep your login credentials secure for online access.

9. What security features are available with the LIC Titanium Credit Card?

LIC Titanium Credit Card comes with security features such as PIN-based transactions, EMV chip technology, and secure online transactions. Additionally, there may be options to set spending limits and receive transaction alerts for enhanced security.

10. How do I report a lost or stolen LIC Titanium Credit Card?

In case your LIC Titanium Credit Card is lost or stolen, promptly contact LIC Cards customer support at the provided helpline. They will guide you through the process of reporting the loss, blocking the card, and issuing a replacement card.