LIC Credit Cards: No Cost EMI, 2X Rewards, Insurance Cover, and More

Life Insurance Corporation of India has partnered with IDBI Bank to launch two new co-branded RuPay Credit Cards. The new LIC credit cards will be designed as the LIC CSL ‘Eclat’ Select Credit Card and the ‘Lumine’ Platinum Credit Card. The cards holders can take the benefits of 2X Rewards on premium payments, No cost EMI, Lounge Access, etc. these benefits have been termed ‘the best in class’.

LIC Lumine and Eclat Credit Cards
LIC Lumine and Eclat Credit Cards

These credit cards are for only LIC policyholders, agents, and employees of LIC India. Only the LIC policyholder, agents, and employees of LIC can apply for these credit cards.

The credit limits of these cards will be tailored to the needs of the cardholders. The cardholders will get 3 ‘delight’ points on every 100 spent on Lumine card and 4 points on every 100 spent on Eclat cards. The validity of points to redeem will be 4 years. This card also offers an interest-free credit period of 48 days.

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The cardholders will get the facility to convert their transactions of over ₹ 3000 to EMI with zero processing fee along with a 1% fuel surcharge waiver on transactions of Rs 400 onwards.

If Lumine cardholders will spend ₹ 10,000 within 60 days of the issue of the card they will get 1000 ‘Welcome Bonus Delight Points’. And if Eclat cardholders will spend ₹ 10,000 within 60 days of the issue of the card they will get 1500 ‘Welcome Bonus Delight Points’.

The cardholder will also get several layers of insurance such as air accident insurance cover, personal accident/ permanent disability cover, credit shield cover, and zero lost card liability.

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