VR CREATORS Presents the Launch of LIC Credit Card Services. A partnership between LIC Cards Services Limited (LIC CSL) and Axis Bank Ltd with Special Privilege for LIC of India Customers.

About LIC Cards Services Limited

LIC Cards Services Limited came into existence on 11th November, 2008 as a 100% subsidiary of LIC of India to bring out its own Credit Card in the market. LIC Cards is partnered with Axis Bank which is one of the first of the new private banks to have begun operations in 1994. The Bank has strengths in both retail and corporate banking and is committed to adopting the best industry practices internationally in order to achieve excellence.

Why LIC Cards?

LIC is offering Life Time Free Credit Cards to LIC Policyholders and general public

Features of LIC Credit Card (Powered by Axis Bank) are as under:

·       Life Time Free Credit Card. No Annual/ No Joining/No Renewal Fee.

·      Free Accidental Insurance of up to 5 Lacs.

·      Fuel Surcharge Waiver Indian Oil Corporation Petrol bunks if Fuel is taken between Rs 400/- to Rs 4000/- in Single Swipe of Card.

·     Exciting Reward Points on every Spend of Rs 100/- One Reward Point equivalent to Rs. 1/- in Signature Card and Rs.0.75 in Platinum card.

·      Dining delights program – 15% discount at over 4000 restaurants across India.

·       Interest free period of 20 to 50 days.

·      On payment of LIC Premium (Own Life as well as on the life of Family Members), Double Reward Points are given, i.e. Rs 2/- on spend of Rs 100/- (2% of Premium Paid). You can also pay Premium through POS machines in our Branch Cash Counters.

·     No Convenience Fee is charged by Axis Bank on payment of premium through Card. There is no Upper Limit of LIC premium to be paid thru Card.

·         Signature Card Holders can enjoy Airport Lounge Facility, on Selected Airports just by paying token amount of Rs 2/- per occasion. They can have Breakfast, Lunch or Dinner at above Airports just by paying Rs 2/- per occasion. Now it is extended to 41 AirportsThis facility is allowed twice in a Quarter and Eight Times in a Year.

Our Cards:

Welcome to the world of privileges and comforts. LIC Credit Cards are all set to make your spending convenient and rewarding. With a range of 4 Cards loaded with benefits available to you, choose the one that suits your lifestyle and experience the difference.

Criteria for Application of LIC Cards:

For Salaried Class:

35,000 net salary per month

OR

FORM 16 of Rs 5,25,000 / annum (Gross Annual income)

Documents :

1) Employee ID card

2) KYC

3) One salary slip (Anyone of last two month, Note : Bank name and account number should be mentioned in salary slip else 3 months bank statement required)

OR Form 16 (Part A & Part B)

For Business Class:

ITR of Rs 6,00,000 / annum (Gross Annual income)

Documents Needed:   1) KYC   2) ITR + Computation of Income

For Gold Club Category LIC Customers:

Annual LIC premium of Rs.30,000 or above.

All policies should have completed 3 years. However, if 3 years Annual Premium paid, duration of 3 years Completion not necessary. Policies of the Applicant & family members are also considered.