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 Access
8 Domestic/yr (2/Qtr)
FindMyCard 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
Editorial Verdict
The LIC Signature Credit Card is ideally suited for lic insurance premium payments, travel airport lounge access & high accident insurance cover. If you want 2 reward points per ₹100 on lic premium payments & international spends; 1 reward point per ₹100 on other spends, this card delivers real value. The free is easily offset by the card's perks if you use it regularly. You'll generally need Good (700+) credit to be approved.
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)
🚀 Milestone Spends Timeline
100% Lifetime Free credit card with zero annual spend milestone requirements for fee waiver
Fees & Charging Rates
Annual Fee Waivers
Free
💡 Lifetime Free credit card with zero joining and zero annual maintenance fees
Regular Interest Charges
3.6% per month (52.86% per annum)
📅 Late Payment Fee Penalty Tiers
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)
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 &... | 8 Domestic/yr + Priority Pass | 4.4/5 |
| Apollo SBI Card SELECT | ₹1,499 + Taxes | 10 Reward Points per ₹100 on Apollo 24|7 and Apollo Pharmacy; 2... | 4 Domestic/yr | 4.4/5 |