LIC Eclat Credit Card Review 

The lic eclat credit card is a co-branded RuPay credit card launched by a collaboration of LIC and IDBI bank. At the launching event, LIC said they are now aiming towards adding value to digital transactions, and this card is a part of this campaign. It comes with a plethora of privileges including – free access to airport lounges, Insurance coverage protection, lost card liability coverage, etc.

What is more interesting is that all these benefits are offered completely free of cost. You can find more about this lic credit card benefits from the details given below. 

LIC Credit Card Eligibility Criteria:

Only some selected LIC employees, LIC policyholders, and agents can apply for this card. Although, the required eligibility criteria is not clearly mentioned. But as per our experience, we can predict that it should be like this.

  • Resident Type: Indian
  • For salaried person:
    • Age: 21 to 60 years.
    • Income: The average income of the applicant should be Rs. 25,000 or more.
  • For self-employed person:
    • Age: 21 to 65 years.
    • Income: The average annual income of the applicant should be greater than Rs. 5 lakh or more.
  • An excellent credit score (760 or more) will increase the chances of getting this card.

You can apply for this card from the lic eclat credit card apply online portal, once your lic credit card application form is submitted successfully, you can check the status of your application from the lic credit card application status tracking portal

Documents Required To apply For LIC Eclat Credit Card:

  • Photocopy of Address proof (any 1)
    • Last 6 months bank account Statement
    • Aadhar Card
    • Driving License
    • Passport
    • Utility bills
  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Two recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of last 3 months
      • ITR (Income Tax Return)
    • Self-employed person
      • Income tax return of the last year
      • Proof of business

LIC Eclat Card Fees:

  • LIC credit card joining fee: None
  • LIC credit card annual fee: Free for a lifetime

LIC Eclat Credit Card Benefits:

  • A huge welcome gift that will make a wonderful start for you:

On completing Rs. 10,000 spend transactions with your eclat lic credit card within the first 60 days of your card’s activation, will get 1500 lic credit card points as a welcome gift. The benefits will be reflected in your monthly statements. You can also check your lic statement online from your net banking account.

  • Make your every transaction rewarding with lic credit card reward points:

For every Rs. 100 transactions you make on travel, dining, movie, or shopping categories, you will earn 4 lic credit card reward points (named as delight points). You can check the status of your earned points from your lic net banking account. You can use those points to get a product from the lic credit card reward points redemption catalog.

  • Get access to airport lounges:

Under the rupay lounge access program, you will get access to most of the leading airport lounges across the globe. You can find the list of participating lounges from here.

  • Enjoy freedom from fuel surcharges:

The LIC eclat cardholders will get a 1% waiver on fuel surcharges. This LIC credit card fuel surcharge waiver offer is applicable on transactions between Rs. 400 to Rs. 5000 and can be claimed at any fuel station in India. The maximum waiver you can earn in a lic credit card statement cycle is Rs. 500.

  • Complimentary insurance coverage protection:

This co-branded idbi bank credit card comes with complimentary accidental and credit liability coverage. The details of the LIC credit card insurance coverage scheme are discussed below.

Particulars Total coverage amount
Accidental death or permanent disability caused by accident. Rs. 10 lakh
Credit shield  Equal to the total credit card outstanding balance (as on the day of the cardholder’s death)
  • Feel more secure with liability coverage protection:

You will also get the security of fraud liability coverage protection with this card. So if your card ever gets lost or stolen, you just have to report it by calling the 24×7 active lic customer service number 1800 425 7600 or 022 – 4042 6013 and you will no longer be liable for anything bad that may happen to your account.

  • Lifetime free add-on cards:

You can now share the benefits of this lic idbi credit card with your family members, just add them with your card as add-on members so that they can also enjoy the features of a credit card.

  • Pay your card bill more conveniently with easy lic credit card bill payment options:

You can make your lic card payment online from your net banking account or by using any credit card payment app like Cred, Paytm, Google Pay, etc. But if you don’t have access to the above-stated lic credit card online payment options, then you can pay your bill via NEFT, or payment cheque.

  • Use your card anywhere without restrictions:

You can use this rupay credit card at over 5.81 million outlets in India and over 44 million outlets across the globe.

LIC Eclat Credit Card Charges:

Particulars  Payable amount
Credit card cash withdrawal charges 2.5% against the transaction amount, min Rs. 500 (Applicable once per withdrawal, also, check your available credit card cash limit before making a withdrawal)
LIC credit card finance charges 3.4% monthly
Foreign currency conversion fee 3.5% against the transaction amount (applicable once per withdrawal)
LIC credit card add on card fee Free for a lifetime

LIC Credit Card Customer Care Contact Details:

  • Call the LIC card customer care number: 1800 419 0064
  • Write to the LIC card customer care mail id: liccards@axisbank.com 

100xGain Ratings: 

7/10

Pros and Cons LIC Eclat Credit Card:

Pros  Cons
  • It is a lifetime free credit card which makes it ideal for first-time applicants
  • The reward earning rate is very good
  • You will get an insurance and liability coverage protection
  • Apart from the reward points, there are no offers on entertainment and dining categories
  • The reward points are only offered in some selected categories

Final Opinion:

As said before, this lifetime free credit card is available for a selected group of people. For those, this card could really be a very good option, especially if they are getting their first credit card. With lounge access, liability coverage protection, and accelerated reward points, this card can prove to be a very good deal.

But if you are not in that specific group, then don’t worry there are several good credit card options available for you on our top 10 credit card pages, go there and find out the card you are looking for.

Leave a Reply

Share via
Copy link
Powered by Social Snap
%d bloggers like this: