LIC Axis Bank Signature Credit Card

About LIC Axis Bank Signature Credit Card

Are you paying your LIC premiums every year and getting nothing in return but the policy cover? The LIC Axis Bank Signature Credit Card changes that by turning your mandatory insurance payments into reward-earning opportunities.

This card offers double rewards on LIC premium payments and eight complimentary domestic lounge visits every year. If you spend ₹30,000 monthly, including your insurance and travel costs, you can see a significant return through points and travel perks. It is a straightforward tool for those who want their fixed expenses to work harder for them.

Built for professionals and business owners earning ₹9 lakh or more annually, this card targets people who balance city living with frequent domestic travel. It bridges the gap between a basic co-branded card and a premium travel card.

What sets it apart:

• • Double the rewards: Earn 2 Edge Reward points for every ₹100 spent on LIC premiums and foreign currency transactions.
• • Superior Lounge Access: Get 8 domestic lounge visits per year, which is higher than many cards in the same income bracket.
• • First Bill Bonus: Get 100% cashback up to ₹300 on your very first utility bill payment.

Quick check: To qualify for this card, you should be between 18-70 years old with a minimum annual income of ₹9 lakh and a CRIF score of 750 or above.

Let's break down why this card might be the right fit for your wallet:

Key Benefits & Features of the LIC Axis Bank Signature Credit Card

The LIC Axis Bank Signature card is designed to reward loyalty and routine spending. From your morning commute to your annual insurance renewals, here is how the card adds value:

Reward Points Program

The reward structure is simple to understand and rewards specific categories generously. You earn Edge Reward points that you can use for vouchers or merchandise.

• LIC Premium Spends: Earn 2 Edge Reward points for every ₹100 spent. This is the core strength of the card, allowing you to earn back on large annual insurance outflows.
• International Spends: Earn 2 Edge Reward points for every ₹100 spent in foreign currency, making it a decent companion for international trips.
• General Spends: For all other eligible transactions, you earn 1 Edge Reward point per ₹100 spent.
• Point Value: Each Edge Reward point is valued at ₹0.20.
• Redemption: You can use your points for Amazon Pay eGift Cards, Axis Bank Gift Cards, or various items in the rewards catalogue.

Travel and Luxury Perks

If you travel within India for work or leisure, the lounge benefits alone can justify the card's place in your pocket.

• Domestic Airport Lounges: Enjoy 8 complimentary visits per calendar year at select airports across India. This helps you save on airport meals and provides a comfortable space to work or rest.
• Fuel Savings: Get a 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000. You can save up to ₹400 every month on fuel costs.

Dining and Lifestyle

Axis Bank is known for its dining program, and this card gives you full access to those perks.

• Dining Delights: Get exclusive discounts at top-tier restaurants across India. This makes weekend dinners or client lunches more affordable.
• Utility Welcome Offer: Within the first 30 days of getting your card, pay a utility bill and get 100% cashback (capped at ₹300). It is a simple way to get an immediate win after card issuance.

Fees and Eligibility Requirements

To keep the card active and enjoy these benefits, you need to meet the following criteria and understand the fee structure:

• Joining and Annual Fees: A one-time joining fee is charged at issuance, and an annual fee applies every year thereafter. The LIC Axis Bank Signature Credit Card is typically issued as a Lifetime Free card with no joining or annual fees.
• Income Requirement: Both salaried and self-employed individuals must have a minimum annual income of ₹9 lakh.
• Credit Score: The bank looks for a CRIF score of 750 or higher to ensure a smooth approval process.
• Age Limit: Applicants must be between 18 and 70 years of age.

How to Apply?

Applying for the LIC Axis Bank Signature Credit Card is a digital-first process. Follow these steps to get started:

1. Go to the Axis Bank official website or the LIC CSL portal.
2. Navigate to the credit cards section and select the LIC Axis Bank Signature variant.
3. Fill in your mobile number and PAN details to check for any pre-approved offers.
4. Ensure you meet the minimum income requirement of ₹9 lakh annually before proceeding.
5. Complete the application form with your personal and employment details.
6. Keep your documents ready for the digital KYC process, which usually involves a video call or a physical document pickup.
7. Once verified, the bank will process your application and dispatch the card to your registered address.

Credit Limit: What to Expect

Credit limits for the LIC Axis Bank Signature card are not fixed. They are assigned based on your income, credit score, and existing banking relationship with Axis Bank or LIC. For applicants meeting the ₹9 lakh income threshold, initial credit limits typically range from ₹1,00,000 to ₹3,00,000 depending on your credit history and debt-to-income ratio.

Generally, with an income requirement of ₹9 lakh, you can expect a healthy limit that supports both large insurance payments and regular lifestyle spending. You can request a limit increase after six to twelve months of disciplined usage and timely bill payments.

Comparison Table: LIC Axis Bank Signature vs. Competitors

While the LIC Axis Bank Signature Card is the clear winner for those whose primary goal is rewarding insurance premiums, it faces stiff competition from the SBI Card Prime and HDFC Regalia Gold in terms of raw reward value. Choose the LIC Axis card if you want a reliable card with great domestic lounge access and a specific focus on LIC policies.

Documents Required for LIC Axis Bank Signature Credit Card Application

You'll need to submit the following documents when applying:

For Salaried Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, Voter ID, or Driving License
• Address Proof: Aadhaar Card, Passport, Utility Bills (not older than 2 months), Rent Agreement, or Property Tax Receipt
• Income Proof: Latest 3 months' salary slips and 6 months' bank statements
• Employment Proof: Office ID card or employment letter

For Self-Employed Applicants

• Identity Proof: PAN Card (mandatory), Aadhaar Card, Passport, Voter ID, or Driving License
• Address Proof: Aadhaar Card, Passport, Utility Bills (not older than 2 months), or Property Documents
• Income Proof: Latest 2 years' ITR with computation of income, 6 months' bank statements, and CA-certified financials
• Business Proof: Business registration certificate, GST registration (if applicable), or Shop Act License

Note: All documents must be self-attested. The bank may request additional documents during verification.

Who Should Get This Card?

Should you get this card? Here is who benefits most from the LIC Axis Bank Signature Credit Card:

The Dedicated LIC Policy Holder: If you are a professional earning ₹10 lakh a year and you pay ₹1 lakh or more in LIC premiums annually, this card is built for you. You get 2,000 points on that premium alone. While the reward rate of 0.4% on insurance seems low, most other cards offer zero rewards on insurance or have very low caps.

The Regional Business Traveler: If your job requires you to fly between Indian metros twice a month, the 8 complimentary lounge visits are a massive perk. You won't have to pay for airport meals, saving you roughly ₹8,000 to ₹10,000 a year in out-of-pocket food costs.

The Foreign Spender: If you often buy software subscriptions in dollars or travel abroad, the 2x points on foreign currency help offset the typical forex markup fees. It makes international transactions slightly more rewarding than a standard entry-level card.

You might want to skip this card if: You are looking for high cashback on online shopping sites like Amazon or Flipkart. In that case, a dedicated cashback card would offer much higher value than the reward points system here. Also, if you do not pay LIC premiums, the main "Signature" benefit of this card is lost on you.

BankKaro Expert Review

Based on the card's features, the LIC Axis Bank Signature Credit Card excels at rewarding a category that most banks have abandoned: Insurance. While the rewards market has moved toward excluding utilities and insurance, this card keeps those benefits alive for LIC loyalists.

The biggest limitation is the reward point value. At ₹0.20 per point, even the "double" rewards on LIC premiums only result in a 0.4% value back. This is quite low for a card that requires an income of ₹9 lakh. Many cards with a lower income requirement offer 1% to 2% value back on general spends.

However, the domestic lounge access is the hidden gem here. Providing 8 visits per year is generous and beats many competitors in this price bracket. The lost card liability insurance is also a solid peace-of-mind feature for a signature-tier card.

Our verdict: Choose this card if you have high LIC premium outflows and value airport lounge comfort. It is a niche card that performs exceptionally well for a specific type of user but might feel underwhelming for a heavy online shopper.

Terms and Conditions

The bank may issue a different card variant based on your eligibility; your application is subject to KYC and approval. Features, fees, and reward rules may change; please read the Most Important Terms & Conditions (MITC) before applying. Some specific exclusions apply to reward earnings:

• • You will not earn reward points on cash withdrawals, wallet loads, or P2P transfers.
• • Rental payments and fuel spends are excluded from the rewards program.
• • Government payments, education fees, and utilities (except the first bill offer) do not earn points.
• • Fuel surcharge waiver is applicable only on transactions between ₹400 and ₹4,000, with a monthly cap of ₹400.