LIC Titanium Credit Card Review

The LIC titanium credit card is a co-branded credit card introduced by LIC in collaboration with Axis Bank. LIC is the largest life insurance business in India, with a market share of about 70%. The CEO of one of India’s largest life insurance businesses is now attempting to enter the credit card market.

The LIC Titanium credit card is a no-fee credit card that is ideal for folks who are new to credit cards. This lic credit card comes with a slew of great features, including low-cost EMIs, reward points on every transaction, and simple bill payment choices, to name a few. The advantages of the lic credit card are explained more below.

LIC Titanium Credit Card Eligibility Criteria:

  • Resident Type: Indian
  • For salaried person:
    • Age: 21 to 60 years.  
    • Income: The monthly 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 Rs. 3 lakh more. 
  • A good credit score (above 760) will increase the chances of getting this card. 

You can apply for a new LIC credit card through the lic axis bank credit card online application portal, and you can check the status of your lic credit card application through the online application tracking portal once it has been submitted successfully.

Documents Required To Apply For LIC Titanium Mastercard 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

As per the new credit card rules, all new lic credit cards are delivered in an inactive state, and in order to start using them, the user needs to activate them manually by generating a new credit card PIN. You can get some help on the lic credit card activation process from the Cashback beta faq page. 

Axis LIC Credit Card Fee:

  • LIC credit card joining fee: None. 
  • LIC credit card annual fee: None. 

LIC Credit Card Benefits:

Powerful LIC credit card reward points scheme:

You can earn reward points for every transaction you make with this lic titanium credit card. The fee varies depending on the transaction category and the amount of the transaction.

Category of transactionRate of earning reward points
LIC premium payment and international transactions2 lic credit card points for each Rs. 100 transaction.
All other categories*1 reward point for each Rs. 100 transaction

*For fuel purchases, wallet top-ups, and EMI instalment payments, you will not receive any lic credit card reward points. You can redeem your lic credit card reward points for a product from the lic credit card reward points catalogue. From your net banking account, you can check the status of your earned points.

Enjoy freedom from fuel surcharges:

If you buy gas with this lic axis bank credit card, you’ll enjoy a 1% discount on fuel surcharges. This credit card fuel fee waiver offer is valid on purchases between Rs. 400 and Rs. 4000 and can be used at any gasoline station in India. In a single lic credit card statement cycle, you can earn up to Rs. 400 in waivers.

Use easy EMI with a lower interest rate:

You can convert high-value transactions (above Rs. 2,500) into modest monthly instalments using the “HELLO-EMI” facility, which has a minimal credit card emi interest rate of just 1.5 percent per month.

Lost card liability coverage:

This lic axis credit card includes gratis liability covering for lost cards. That means that if your card is lost or stolen, you only need to notify it by calling the lic axis credit card customer service number 1800 419 0064, and you will not be held responsible for any negative consequences. The coverage amount will be equal to the credit limit on your axis bank lic credit card.

A new and improved lic credit card payment option:

For its consumers, LIC has developed a new and enhanced payment option. You only need to go to the lic credit card online payment gateway and enter the required information. You can do so by following the procedures outlined below.

Accept the terms and conditions as written.
A new page will open with a detailed description of all the stages.
Follow the procedures and then click “Submit.”
Select the card type (MasterCard/Visa) and fill out all of the required credit card information before clicking “Submit.”
Enter your bank account information (from which your bill will be deducted) and then confirm the amount of your lic credit card payment.
The payment will be deducted from your bank account as soon as the details are validated.

Anywhere acceptance:

This axis lic credit card is powered by Mastercard which means you can use it in 210+ countries worldwide. It also comes with a built-in EMV chip that uses a very strong encryption method that makes your card nearly impossible to clone.

LIC Credit Card Charges:

ParticularsPayable amount
Charges for cash withdrawal with credit card2.5% against the withdrawn amount, min Rs. 500. (applicable once per withdrawal)
Finance Charges3.6% monthly or 52.86% annually
LIC card currency conversion charge3.50% against the transaction amount (applicable once per withdrawal)
LIC axis credit card add-on card feeNone (For up to 3 cards)

LIC Credit Card Customer Care Contact Details:

  • Call the lic credit card customer care number: 1800 419 0064
  • Write to the lic axis credit card customer care mail id: [email protected] 

Pros and Cons:

Pros Cons
Zero joining and annual feeLow-cost EMI facilityConvenient online lic credit card payment method that will make life much easierHigher interest rateLack of benefits in certain categories like entertainment, shopping, etc. 

Cashback beta Ratings: 

6.5/10

Final Opinion:

After analyzing the lic credit card offers and benefits, I can say that it is the most basic card in the LIC credit card line-up. If you are new in the credit card market and looking for a card to gain some knowledge then this lic titanium credit card will be a solid choice for you. Otherwise, you can take a look at the Cashback beta top 10 credit card pages, it will help you to find the most suitable card for yourself.