Leading insurance provider, Life Insurance Corporation (LIC) of India has joined hands with private sector lender Axis Bank to offer credit card services to customers and employees of the former.
The credit card program of LIC would have four variants to it namely Visa Gold, MasterCard Titanium, Visa Platinum, and Visa Signature Credit-Card.
All general benefits coming with credit cards like global acceptance, interest free credit period, cash withdrawal etc will also be offered with these cards.
Along with them, card holders will also be offered with fuel surcharge waivers through all petrol pumps and lost card liability cover too. The fuel surcharge waiver is however not applicable on the gold credit card.
Payment of LIC policy premiums through these cards will bring reward points to the customer.
The bank already has a credit card coming in co branding with Corporation Bank.