LIC Signature Credit Card
Fees
Free
Joining & annual
1st year freeReward Rate
2 Reward Points per ₹100 on LIC premium payments & international spends; 1 Reward Point per ₹100 on other spends
Welcome Bonus
Zero joining fee + complimentary insurance shields worth up to ₹1 Crore
Lounge
8 Domestic/yr (2/Qtr)
Our Expert Take
LIC Signature is a free card built around LIC policyholders: 2 points per ₹100 on LIC premium payments and international spends, plus a genuinely strong insurance package (₹1 crore air accident cover, ₹5 lakh personal accident cover). The ₹15 lakh annual income eligibility is high, so this is aimed at a specific, higher-income audience.
Pros & Cons
Key Advantages
- 100% Lifetime Free credit card with zero joining and annual fees
- 2 Reward Points per ₹100 spent on LIC insurance premium payments and international transactions
- 2 complimentary domestic airport lounge visits per calendar quarter (8 visits per year)
- Extensive complimentary insurance package: ₹1 Crore air accident cover, ₹5 Lakh personal accident cover & ₹1 Lakh purchase protection
- Zero liability protection against lost/stolen cards up to ₹5 Lakh
Limitations
- High net income eligibility threshold (₹15 Lakh per annum)
- No welcome bonus or milestone reward points structure included
- Fuel purchases, wallet reloads, and EMI transactions are excluded from reward points accrual
Key Perks & Spending Milestones
2 Reward Points per ₹100 spent on LIC insurance premium payments and overseas spends
1 Reward Point per ₹100 spent on all other standard domestic retail purchases
2 complimentary domestic airport lounge terminal access visits per calendar quarter
Complimentary Air Accident Insurance cover worth up to ₹1 Crore
Personal Accident Insurance cover worth up to ₹5 Lakh
Purchase Protection Insurance cover up to ₹1 Lakh and Lost Card Liability protection up to ₹5 Lakh
1% fuel surcharge waiver valid across all petrol pumps in India for transactions between ₹400 and ₹4,000 (capped at ₹400/month)
Spend milestone
100% Lifetime Free credit card with zero annual spend milestone requirements for fee waiver
Fees & Charges
Joining fee
Free
Annual fee
Free 1st year free
Lifetime Free credit card with zero joining and zero annual maintenance fees
Interest rate
3.6% per month (52.86% per annum)
Late payment fee
up_to_100: Nil; 101_to_500: ₹100; 501_to_1000: ₹500; 1001_to_5000: ₹600; 5001_to_10000: ₹750; 10001_to_25000: ₹900; 25001_to_50000: ₹1,100; above_50000: ₹1,300
Insurance & Protection Benefits
air accident cover
Up to ₹1 Crore
lost card liability
Up to ₹5 Lakh
purchase protection
Up to ₹1 Lakh
Eligibility Criteria
age
18 to 60 years
employment profiles
Salaried and Self-Employed Profiles (minimum income ₹15 Lakh per annum, Salaried or ITR)
Credit score & income
Good (700+)
Compare LIC Signature Credit Card With Similar Cards
| Card | Annual Fee | Reward Rate | Lounge Access | Rating |
|---|---|---|---|---|
| LIC Signature Credit Card This Card | Free | 2 Reward Points per ₹100 on LIC premium payments & international... | 8 Domestic/yr (2/Qtr) | 4.5/5 |
| IDFC FIRST WOW! Credit Card | Free | 4 Reward Points per ₹200 spent (~0.50% return); Points never expire | No Lounge Access | 4.5/5 |
| SBI Card Pulse | ₹1,499 + Taxes | 10 Reward Points per ₹100 on dining, movies, sports, chemist &... | 4 Domestic/yr (1/Qtr) | 4.4/5 |
| Apollo SBI Card SELECT | ₹1,499 + Taxes | 10 Reward Points per ₹100 on Apollo 24|7 and Apollo Pharmacy,... | 4 Domestic/yr | 4.4/5 |