LIC Credit Card |Documents | Eligibility | एलआईसी क्रेडिट कार्ड

LIC Credit Card: Life Insurance Corporation of India, LIC Credit Cards. A partnership between LIC Cards Services Limited (LIC CSL) and Corporation Bank. LIC is using its extensive network of over a million agents and more than 2,000 branches in the country to provide insurance and credit card facilities to its customers.

LIC Card Services has been set up in compliance with the regulations of the Reserve Bank of India to provide credit card facilities to its customers.

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LIC Credit Cards Services: Various Cards of LIC

LIC Gold EMV Cards– know more & apply Platinum EMV Card: A card that is as rare as you – Know more & apply

How much per month salary required to get lic credit card?

Eligibility criteria for LIC credit cards

Card Type Income Criteria
LIC Gold EMV Cards Salary slip of Rs 15000 per month
LIC Platinum EMV Cards Salary slip of Rs 15,000 per month

LIC Gold EMV Cards

  • Free Card – No Joining Fees, No Annual & Renewal Fees
  • Interest rate for revolving credit – 2.75% p.m [annualized 33%]
  • 5 years validity
  • Photo Card with imprinted signature
  • Max. three add on cards
  • Cash withdrawal upto 10% of the limit
  • Interest Free Credit period ranging from 15 to 45 days.
  • Personal Accident Insurance. – Rs. 1.00 lakh
  • Purchase Protection of maximum Rs. 50,000/- upto 60 days.
  • Credit Shield of upto Rs. 50,000/- in case of Permanent Disability. (subject to terms and conditions)
  • One reward point for every Rs. 150 spent. 1 Reward point = Rs. 0.25. Rewards Points adjustable against outstanding amount or request before 30th June over & above 500pts
  • Billing Date – 21st of every month
  • Payment due date 5th/6th of every month

Platinum EMV Cards

  • Free Card – No Joining Fees, No Annual & Renewal Fees.
  • Interest rate for revolving credit – 3.00% p.m [Annualized 36%]
  • 5 years validity
  • Photo Card with Signature of the Cardholder.
  • Max. three add on cards
  • Cash withdrawal upto 10% of the limit
  • Interest free Credit Period – minimum 15 days to maximum 45 days.
  • Personal Accident Insurance.
  • Purchase Protection of maximum ₹ 50,000/- upto 60 days.
  • Credit Shield of upto Rs. 50,000/- in case of Permanent Disability. (subject to terms and conditions)
  • One reward point for every Rs. 150 spent. 1 Reward point = Rs. 0.50.Rewards Points adjustable against outstanding amount or request before 30th June every year over & above 500pts
  • Billing Date – 21st of every month
  • Payment due date 5th of every month

PAY YOUR LIC CREDIT CARD OUTSTANDING IN 3 SIMPLE STEPS

Provide your Credit Card Details

  • Enter your 16 digit LIC Credit Card number and the amount you would like to pay.
  • Select your bank account from which you would like to execute this payment (we partner only with select banks).
  • You will be securely redirected to the payment interface of your chosen bank.

Confirm Payment (at Bank)

  • Enter your authentication details (Net Banking User ID and Password of your Bank Account / Equivalent details).
  • Confirm payment amount.
  • Your account will get debited instantaneously.

Receive online confirmation

  • You will receive an online transaction confirmation and a Transaction Reference Number.

LIC Credit Card Eligibility

Age Criteria:

Sl. No. Type of holding Minimum Age Maximum Age
1. Primary Cardholder 18 years 60 years
2. Add on Cardholder 18 years 65 years

General Eligibility:

Sl. No. Segment Minimum Age
1. LIC Employee Confirmed employees of LIC / Group Companies with SR No.
2. LIC Agents Club Member Agents of LIC of India viz. Corporate Club, CM Club, MDRT, ZM Club, DM Club & BM Club with in-force agency status.
3. LIC Policy Holders Salaried and Self-Employed Segment: The policyholder must have at-least one In-force or Fully Paid-up Non-Single Premium LIC Policy which must have completed at-least 3 years from the Date of commencement of the Policy till Date of Application.

HNI Segment (GC): Irrespective of the segments mentioned above, a person will be deemed to be a GC Customer if s/he has one or more Non-single premium policies through which Yearly Total premium of Rs. 30,000/- or more has been paid for last 3 consecutive years and all such policies are In-force or Fully paid-up as on the Date of Application.

Income criteria:

Sl.No. Segment Gold Platinum
1 LIC/Group Company Employees Min: Rs. 1.80 Lakhs p.a. Limit: Min: Rs. 1.80 Lakhs p.a.
Limit: >Rs. 30000
2 LIC Agents Surrogated Income Limit: Surrogated Income
Limit: >Rs. 30000
3 LIC Policy Holders Salaried Min: Rs. 1.80 lakhs p.a. Min: Rs. 3.00 lakhs
4 LIC Policy Holders Self Employed Min: Rs. 1.80 lakhs p.a. Min: Rs. 3.00 lakhs
5 LIC Policyholders – HNI (GC) Segment Surrogated Income Limit: Surrogated Income
Limit: >Rs. 30000

Other Criteria:

  • Should be an Indian citizen. Foreign Nationals, NRIs & PIOs are not eligible to apply.
  • Should not be a minor or illiterate person.
  • Have Permanent Account Number (PAN) issued by Income Tax Department.

Documents to be furnished:
The prospective applicants will be from three different segment as above and hence will have different requirements. However, the requirements can be broadly classified into the following sub groups. They are:

  • KYC Requirements including Photo-Identity Proof & Address Proof
  • Income or Income-surrogated Documents
  • Relationship with LIC proof

Photo-Identity Proof: Copy of PAN Card is a mandatory document. In exceptional cases, where PAN No. is available but PAN Card is not available, one of the following documents may be submitted as alternate ID Proof;
Indian Passport, Driving Licence, Voter ID Card, Aadhar Card, Employment – ID card with photo issued by Government or PSUs, Ration Card with Photo, Copy of Bank Passbook with Photograph issued by nationalized Banks, IRDA Licence with photo, LIC/Group Companies’ ID Card. Any document that is submitted as a part of KYC must be within the validity period. No expired documents shall be accepted in this regard.

Address Proof: The following documents shall be accepted as valid Address Proof for all the segments; Indian Passport, Ration Card, Driving Licence, Utility Bills such as Electricity, Telephone, Gas, Water, Postpaid Mobile, House Maintenance Bills etc. (Utility Bills payment date must not be more than 3 months old as on the date of Application). Bank Passbook (at-least one customer induced transaction during last 3 months). Rent Agreement, Lease Agreement, Aadhaar Card, Government / PSUs / LIC / Bank issued Staff Quarter Allotment Letter, Official Identity Card containing Residential Address (In case of Government, PSUs, Employees of LIC & Group Companies and Banks only) LIC Policy Bond, LIC Premium Receipt or Policy Status Report (If current residence address is mentioned). Employer’s Certificate in prescribed proforma in case of LIC Employees only. Certified Agency Status Report extracted from LIC’s Database through eFEAP Program (in case of LIC Agents only).

Income Proof:
a) LIC Employees: No Surrogated documents are allowed for this segment. Income proof is mandatory, which can be one of the following documents:

  • Last 3 month’s Salary Slip or 3 months’ Salary Certificate issued from Salary Module of Branch eFEAP Program.
  • Form 16 of the Current Assessment Year.
  • Latest submitted ITR.

b) LIC Agents:
i) Income Documents: One of the following two documents

  • Form 16-A of the Current Assessment Year (Immediately preceding FY).
  • Latest submitted ITR.

ii) Income-Surrogated Documents: No separate Income Proof is mandatory for this segment. All eligible Clubmember Agents are to submit Certified Agency Status Report showing the Club Membership Status in lieu of Income Proof.
c) LIC Policyholders:
i) Salaried Segment: One of the following documents;

  • Three month’s Salary Slip or Three month’s Salary Certificate.
  • Form 16 of the Current Assessment Year (Immediately preceding FY).
  • Latest submitted ITR.

ii) Self Employed Segment: Both the following documents are required.

  • Latest submitted ITR.
  • Last 6 months Bank Statement.

iii) HNI Segment (GC):

No separate Income Proof is mandatory for this segment. All eligible policies (Non single premium, In-force/Fully Paid-Up, 3 Years or more duration) Certified Status Reports or Premium Receipts are to be submitted in lieu of Income Proof. A multiplier factor of 10 will be used to arrive at the Notional Income for this segment (Total Annual Non-single Premium X 10 = Notional Net Annual Income). However, depending on eligibility, Income Proof as mentioned above may additionally be submitted. In case, additional income proof is submitted, higher of the actual income & notional income shall be considered while determining the Net Annual Income.

In case the income proof does not clearly show Net Annual Income, then 80% of the gross income shall be treated as Net Annual Income. For Example: Form 16, Form- 16A, ITR may not disclose the deductions. In such cases, 80% of Gross Annual Income shall be treated as Net Annual Income. In case of Salary Slip, 12 times of Average Monthly Net Income shall be considered as Annual Net Income.

Handwritten Salary Slip shall be accepted only in case of Government/PSU Employees. However, the same must be signed & stamped by Authorized Signatory.

For self employed, ITR should be in the name of individual and not in the name of the company / firm.

Electronically/web-based submitted ITR shall also be accepted.

Relationship Proof:

i) LIC Employees: One of the following documents to be submitted.

  • Identity Card Issued by LIC of India/Group Companies.
  • Employer’s Certificate in prescribed proforma

ii) LIC Agents:

  • Certified Agency Status Report extracted from LIC’s Database through eFEAP Program.

iii) LIC Policyholders: One of the following documents to be submitted.

  • Copy of LIC Policy Bond
  • LIC Premium Receipt
  • Policy Status Report.

Contact Customer Care Number LIC Cards

24 hours Toll Free Telephone N 1800 22 6606
24 hours Telephone No. [Calls charged] 022 4042 6009
For any other operational issues,
information/Card related feedback,
Our Division may be contacted at:
On all working days
Mon : 1000 to 1700 hrs
Sat : 2nd & 4th Saturday Holiday
0824-2444103,2861665

About LIC Credit Cards:

LIC Cards Services Limited came into existence on 11th November, 2008 as a 100% subsidiary of LIC to bring out its own Credit Card in the market. The Company has its registered office at Jeevan Prakash Building, 6th floor, 25. K.G. Road, New Delhi-110001.

Today LIC has more than Rs. 8 Lakh Crore worth of assets and over 23 crore policies in force. LIC has invested over Rs. 80,000 Crore in people welfare. Over the years, LIC has become a synonym for life insurance in India and a financial conglomerate. It has 2048 branch offices and more than 550 Satellite Sampark offices networked through WAN with 1.10 million agents across the country.

Corporation Bank

Every institution has its start in modest initiatives but what makes it great is the passion of the people behind it. Carrying the legacy forward with an undaunted commitment to its vision, the journey of Corporation Bank truly epitomizes this.

Started about 109 years ago in 1906, with an initial capital of just Rs.5000/-, Corporation Bank has recorded Rs. 3,26,012 Crore mark in business and even far more, with over 8970 service outlets across the nation, served by committed and dedicated 18,000 plus Corp Bankers. Proof of which is seen in its enviable track record in financial performance. We have many reasons to cheer, predominant of them is, being able to participate in nation building by empowering the rural and urban population alike. Today, we are proud that we are significant contributors to the growth of the country’s economy.

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