If you regularly pay LIC premiums, the Axis LIC Signature Credit Card is worth considering. This lifetime free credit card lets you earn reward points on LIC premium payments while offering travel, dining, and fuel benefits. Whether you’re an existing LIC policyholder or looking for a rewarding lifestyle card, it offers excellent value without any joining or annual fee.
Key Highlights
- Lifetime Free
- 2 Reward Points
- 8 Lounge Visits
- Dining Discounts
Why Choose Axis LIC Signature Credit Card?
The Axis LIC Signature Credit Card is specially designed for customers who regularly pay LIC premiums and want to maximise the value of those payments. In addition to earning reward points on insurance premiums, the card offers complimentary airport lounge access, dining discounts, and fuel surcharge waivers. Since it comes with no joining or annual fee, it provides long-term value without additional maintenance costs.
Features & Benefits
Lifetime Free Credit Card
The Axis LIC Signature Credit Card comes with no joining fee or annual membership fee. This makes it an excellent choice for users looking for a long-term credit card without recurring costs.
Earn Reward Points on LIC Premium Payments
The Axis LIC Signature Credit Card rewards you for different types of eligible spending. Cardholders earn 2 Reward Points for every ₹100 spent on LIC premium payments, making it a great option for regular LIC policyholders. You also earn 2 Reward Points for every ₹100 spent on eligible foreign currency transactions. For most eligible retail purchases, the card offers 1 Reward Point for every ₹100 spent, allowing you to earn rewards on your everyday spending.
Domestic Airport Lounge Access
Eligible cardholders can enjoy up to 8 complimentary domestic airport lounge visits every year. A maximum of two visits can be used in a quarter, subject to the spending criteria specified by the bank.
Dining & Fuel Benefits
The card offers up to 25% discount at participating restaurants under the Axis Bank Dining Delights programme. It also provides a 1% fuel surcharge waiver on eligible fuel purchases.
Reward Structure
| Transaction Type | Reward |
|---|---|
| LIC Premium Payments | 2 Reward Points per ₹100 |
| Eligible Foreign Currency Transactions | 2 Reward Points per ₹100 |
| Most Eligible Retail Purchases | 1 Reward Point per ₹100 |
| Fuel, Wallet Loads & EMI Conversions | Reward Points Not Applicable |
Fees & Charges
| Fee Type | Charges |
|---|---|
| Joining Fee | ₹0 |
| Annual Fee | ₹0 |
Eligibility Criteria
- Age: 21–65 years
- Employment: Salaried and self-employed individuals
- Salaried applicants: Minimum annual income of ₹5 lakh
- Self-employed applicants: ITR above ₹6 lakh annually
- Credit Score: 735+
- New-to-credit applicants are not eligible
Documents Required
- PAN Card / Form 60
- Aadhaar Card, Passport or Utility Bill
- Bank Statement or Salary Slip
- Recent Passport-size Photograph
How to Apply for Axis LIC Signature Credit Card
If you meet the eligibility criteria, you can apply for the Axis LIC Signature Credit Card online. The application process is completed through the bank’s website.
- Click the Apply Now button on this page.
- Complete the application form with your personal and financial details.
- Submit the required documents and complete the verification process.
- Wait for the bank to process your application.
- Once approved, complete the card activation process.
Pros & Cons of Axis LIC Signature Credit Card
| Pros | Cons |
|---|---|
| ✓ Lifetime free — no joining or annual fee | ✗ High income requirement |
| ✓ 2 Reward Points on LIC premium payments | ✗ Credit score of 735+ is specified |
| ✓ 2 Reward Points on eligible foreign currency transactions | ✗ New-to-credit applicants are not eligible |
| ✓ Complimentary domestic airport lounge access | ✗ Lounge access is subject to spending criteria |
| ✓ Dining discounts under Axis Bank Dining Delights | ✗ Reward points are not applicable on fuel, wallet loads and EMI conversions |
| ✓ 1% fuel surcharge waiver on eligible fuel transactions |
Frequently Asked Questions
Is the Axis LIC Signature Credit Card lifetime free?
Yes. The Axis LIC Signature Credit Card comes with no joining fee and no annual fee.
How many reward points can I earn on LIC premium payments?
You can earn 2 Reward Points for every ₹100 spent on LIC premium payments.
Can I earn reward points on foreign currency transactions?
Yes. Eligible foreign currency transactions earn 2 Reward Points for every ₹100 spent.
What is the minimum income required for this credit card?
Salaried applicants need an annual income of ₹5 lakh, while self-employed applicants should have an annual ITR above ₹6 lakh.
How many complimentary airport lounge visits are available?
Eligible cardholders can enjoy up to 8 complimentary domestic airport lounge visits per year, subject to the applicable spending criteria.
Is the Axis LIC Signature Credit Card suitable for new-to-credit applicants?
No. New-to-credit applicants are not eligible according to the stated eligibility criteria.
Is Axis LIC Signature Credit Card Worth It?
The Axis LIC Signature Credit Card can be a worthwhile option for eligible LIC policyholders who want to earn rewards on their premium payments without paying joining or annual fees. It also offers rewards on eligible foreign currency transactions, domestic airport lounge access, dining benefits and a fuel surcharge waiver.
If you regularly pay LIC premiums and meet the income and credit requirements, the combination of rewards and lifestyle benefits makes this card worth considering.
If you meet the eligibility criteria, explore the Axis LIC Signature Credit Card and its rewards, travel and lifestyle benefits.
Apply Now