LIC policy Credit Card: If you have LIC policy, you can get this credit card made for free, you will get many benefits

This credit card of LIC and IDBI Bank gives many attractive benefits to the customers. ‘Lumine’ (‘Lumine’ Platinum Credit Card) and ‘Eclat’ (‘Eclat’ Select Credit Card) cardholders can avail best-in-class credit limit to suit their lifestyle.

New Delhi: If you have taken a policy from Life Insurance Corporation of India ( LIC of India), then you can get a great credit card made for free . A few days ago the LIC CSL has met with IDBI Bank two co-branded silver credit card (Co-Branded Rupay Credit Card is issued) – “Lyumin ‘and’ Aclat. This credit card can be made by the policyholder of LIC for free. These credit cards come with a validity of four years. With this, if you pay LIC premium, then you will get 2 times reward points. Apart from this, there are many benefits on this credit card. Let’s know about this card.

1. Which bank has issued this credit card?

LIC Cards Services Limited (LIC CSL), a subsidiary of LIC, and IDBI Bank have partnered to launch two variants of co-branded RuPay credit cards. These are- LIC CSL ‘Lumin’ Platinum Credit Card and LIC CSL ‘Eclat’ Select Credit Card. Both these cards are operated by IDBI Bank.

2. To whom will this credit card be issued?

These cards are initially being issued keeping in mind the LIC policyholders, LIC agents and employees of LIC and its subsidiaries/associates. Meaning if you have LIC policy or you are agent of LIC then you will get this credit card. Later this card can also be issued to the general public.

3. What are the benefits of this credit card?

This credit card of LIC and IDBI Bank gives many attractive benefits to the customers. ‘Lumin’ and ‘Eclat’ cardholders can avail best-in-class credit limits to suit their lifestyle. Lumin cardholders will earn 3 Delight Points for every Rs 100 spent, while the Eclat card will get 4 Delight Points. Cardholders will get a special benefit of two times reward points if they pay renewal of LIC’s insurance premium with this. That means six or eight reward points for every Rs 100.

4. What is the joining and annual fee of this card?

The joining fee for ‘Lumin’ and ‘Eclat’ credit cards of LIC and IDBI is NIL. Meaning, customers will not have to pay any fee or charge to get it made. Also, the annual fee for these cards is also NIL. Meaning it will be renewed for the next year without paying any kind of fee.

5.After getting the card made for myself, can I add any other family member to it?

These credit cards have the facility of Add on Card. Suppose if you get a credit card made in your name, then you can get maximum two add on cards for your life partner and your children. You will not have to pay any fee for this also.

6. Does the card also get some welcome bonus points?

Yes, ‘Lumin’ and ‘Eclat’ cardholders of LIC and IDBI will earn 1000 and 1500 Welcome Bonus Delight Points respectively on spending Rs.10,000 within 60 days from the date of issue of the card. This point can be redeemed for various lifestyle or other benefits.

7. Free insurance coverage is also available in this card?

These credit cards come with the benefits of attractive insurance coverage including accident insurance cover, personal accident/permanent disability cover, credit shield cover and zero lost card liability. But you have to keep in mind that the benefit of insurance will be available only if you make any use of the card within a period of 90 days from the date of insurance claim.

8. Will get exemption from fuel surcharge on filling petrol diesel?

The card offers a one percent fuel surcharge waiver on transactions of at least Rs 400 and above. Along with this benefit, both the cards also allow users to convert transactions above Rs 3,000 into EMI. There is no processing fee and no foreclosure charges. They can opt for EMI tenure of 3, 6, 9 or 12 months as per their requirement.

9. Airport lounge facility will be available in this card?

LIC IDBI Eclat card holders will also get complimentary lounge access at domestic and international airports. This facility is readily available. Therefore, the instructions of the company are that the website of the bank can be visited for the list of airports and other information.