LIC Credit Card: Enjoy no-cost EMIs, 2X reward points premium payment, bonus on Lumine, Eclat cards

LIC Credit score Card launched: LIC Playing cards Companies Restricted (LIC-CSL) and IDBI Financial institution introduced that they’ve launched two new co-branded RuPay Credit score Playing cards. This LIC card shall be designated because the LIC CSL ‘Eclat’ Choose Credit score Card and the ‘Lumine’ Platinum Credit score Card. As per the discharge, the credit score cardholder will apparently be capable to achieve entry to a spread of recent advantages which were termed, ‘the most effective at school’.

Talking on the launch of the playing cards, Rakesh Sharma, MD and CEO of IDBI Financial institution mentioned, “We’re glad to be companions with LIC CSL and RuPay, for an revolutionary credit score product that provides an array of advantages to our clients with a concentrate on well being, leisure, journey, and varied helpful reward factors. We purpose to raise the expertise of bank card expenditure in direction of a holistic profit for our clients.”

Solely a particular demographic of consumers can apply for the newly launched playing cards. Policyholders, brokers, and staff of LIC India will be capable to apply for bank cards. Workers of LIC’s subsidiaries reminiscent of LIC Housing can even be capable to apply for the co-branded playing cards, LIC mentioned in a press release.

LIC Credit score cardholders of the Lumine and Eclat playing cards may have a credit score restrict that’s tailor-made to their wants. With each Rs 100 spent on the Lumine card, cardholders will get 3 ‘delight’ factors, and on the Eclat card, they are going to obtain four factors.  They’ve a validity of four years and an interest-free credit score interval of as much as 48 days.

Aside from this, when a buyer pays for the renewal or premium of a LIC insurance coverage coverage, they are going to obtain twice the reward factors.

Additionally, each cardholders will get the power to transform their transactions of over Rs 3,000 to EMI with zero processing and foreclosures price, together with a 1% gasoline surcharge waiver on transactions of Rs 400 onwards. 

The LIC cardholder of the Lumine card shall be eligible to earn 1,000 ‘Welcome Bonus Delight Factors’ in the event that they spend round Rs 10,000 inside a 60-day timeframe whereas Eclat cardholders will earn 1500 factors for a similar. 

Additionally, these playing cards include a number of layers of insurance coverage reminiscent of air accident insurance coverage cowl, private accident/ everlasting incapacity cowl, credit score defend cowl, and nil misplaced card legal responsibility.

Including to this, Rakesh Kumar, CE of LIC CSL mentioned, “We’re delighted to companion with IDBI and RuPay for the launch of LIC CSL Credit score Playing cards viz LUMINE and ECLAT. We purpose to reinforce the worth of digital transactions by offering a wide range of advantages/playing cards thereby saving time and value of transactions for each purchaser and recipient. LIC CSL has the imaginative and prescient to be the highest Model in Playing cards and Digital Funds, catering to all segments with geographical unfold throughout the nation.”

In the meantime, Eclat cardholders can even get complimentary lounge entry in any respect home and worldwide airports.

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