LIC IDFC Bank Credit Cards

The LIC co-branded cards by IDFC not only allows you to pay your insurance premium at ease but they provide some illustrious benefits. There are two cards in this segment which are named LIC Classic and LIC Select. Below you can see the features and benefits which are offered by these cards.

Navigating the reward point systems of the IDFC LIC Credit Cards can be quite advantageous for cardholders. Both the Classic and Select variants offer a tiered reward points structure, catering to various spending categories. Here's an overview of how you can maximize your reward points accumulation with these cards:

IDFC LIC Classic Credit Card: Enhancing Everyday Spending

• LIC Insurance Premium Payments: For every Rs. 125 spent on LIC insurance premiums through the official website, cardholders can earn 6 times the standard reward points.
• Specialized Spending Categories: Triple reward points are available on purchases in specific sectors such as utilities, education, groceries, government services, and railways.
• General Expenditures: All other spending categories also fetch triple reward points.
• Exclusions: It is important to note that expenses on rent, fuel, cash withdrawals, and EMI transactions do not qualify for reward points.
• Point Value and Validity: Each reward point is equivalent to Rs. 0.25, and they remain valid for a period of three years.

IDFC LIC Select Credit Card: Rewarding Premium Spends

• Maximizing LIC Premium Payments: Making LIC insurance premium payments via the official website with this card earns you 10 times the usual reward points.
• Accelerated Earning in Key Areas: Earn five times the reward points on groceries, utilities, education, railway, and government spends, with a ceiling of 300 reward points per month.
• Broader Spending Benefits: The card extends the 5X reward points to all other spend categories.
• Non-Qualifying Expenditures: Similar to the Classic card, no points are awarded for fuel, rent, cash withdrawals, EMI transactions, and non-LIC insurance payments.
• Value and Duration of Points: Each point is worth Rs. 0.25 and stays valid for three years from the date of accrual.

By understanding and strategically using these reward point structures, IDFC LIC credit cardholders can significantly enhance the value they get from their everyday and specialized expenditures.

Applying for an LIC IDFC Credit Card involves a straightforward process, which includes submitting various documents for KYC compliance and to verify eligibility. Below is a comprehensive guide to the types of documents you will need:

Essential KYC Documentation:

• Identity Verification: You may use any of the following - Passport, Voter ID, Driving License, Aadhaar Card, NREGA Card, or PAN Card.
• Address Proof: For validating your residence, you can present Utility Bills, your Ration Card, or Passport.
• Additional ID Proof: Options here include Aadhaar Card, PAN Card, Driving License, or Voter ID.
• Income Evidence: For those who are employed, the latest 3 months' Salary Slips or Bank Statements are required to confirm your earnings.
• Photographic Identification: Current passport-sized photos are also a requisite.

Gathering these documents beforehand can streamline your application process, ensuring a smoother and more efficient approval for your LIC IDFC Credit Card.

• Age Limit for Primary Cardholder: Must be between 21 and 60 years.
• Age Requirement for Add-on Cardholders: Should be over 18 years.
• Residency: The card is exclusively available to Resident Indians.

• Step 1 - Click on “Apply Now” and you will be taken to the Credit Cards page
• Step 2 - Fill in your details as required by the bank 
• Step 3- Get a call from our executive who will verify your details and speed up your process of application.
• Step 4 - Get your card delivered at your doorstep.