Axis LIC Signature Credit Card: Features & Benefits

Table of Contents

Summary

Axis LIC Signature Credit Card is a co-branded card of Axis Bank and Life Insurance Corporation (LIC) with unique privileges for LIC policyholders. The card earns the customer 2 reward points on each ₹100 spent on paying LIC premiums and 1 reward point on each ₹100 spent on other expenses, which makes it very rewarding for insurance and daily spending.

It also provides a waiver of a 1% fuel surcharge, and cardholders can thus save on fuel costs. The card also provides free access to airport lounges to make travel more pleasant. The minimum annual fee of ₹500 can be waived if the cardholder spends ₹1,00,000 within a year, giving more value to the card.

Apart from rewards and savings, the Axis LIC Signature Card also offers free insurance coverage to ensure financial protection in the event of unforeseen circumstances. The card offers exclusive discounts on shopping, dining, and entertainment, and is therefore ideal for those who use their credit card frequently for everyday expenses.

Introduction

The Axis LIC Signature Credit Card is a unique credit card that provides special benefits to LIC policyholders. It is a product of a partnership between Axis Bank and Life Insurance Corporation (LIC), so it is the best option for those who pay LIC premiums regularly and would like to receive rewards for their spending.

One of the most notable features of this card is the feature of earning special reward points on LIC premium payments, which enables customers to enjoy maximum financial benefits without worrying about insurance payments in time. Other than this, the card offers a host of benefits in the form of cashback, shopping and entertainment discounts, free access to airport lounges, and a fuel surcharge waiver, thereby being extremely useful for daily expenditure.

Furthermore, the Axis LIC Signature Card comes with free insurance protection for accidental losses to your funds. Whether you shop online regularly, travel, or pay for electricity and other utility bills, this card gives you a higher class of spending experience based on rewarded benefits and privileges.

In comparison to several other credit cards, this credit card offers better reward points and special discounts and hence is a wonderful financial solution for LIC policyholders. In case you wish to get a credit card that not only helps you manage the payment of insurance premiums efficiently but also gives you rewards on your regular expenditure, the Axis LIC Signature Card is a perfect option.

What is the Axis LIC Signature Credit Card?

Credit Card is a unique credit card provided by Axis Bank in association with Life Insurance Corporation (LIC). The card is primarily for LIC policyholders so that they can get reward points on their LIC premium payment. Apart from this, the card offers various advantages like shopping and entertainment discounts, free airport lounge visits, waiver of fuel surcharge, and cashback.

It also offers a free insurance cover, which is an additional financial protection. If you are paying LIC premiums regularly and want to earn rewards without being extravagant with your expenses, the LIC Signature Credit Card is a suitable choice.

How is the design of the Axis LIC Signature Credit Card?

The Axis LIC Signature Card is designed to be professional and sleek, just like the trustworthiness and reliability of Axis Bank and Life Insurance Corporation (LIC). The card has a contemporary look with a dark-colored background, which makes it look luxurious.

It boldly features the LIC logo, representing its sole advantage to LIC policyholders. The contactless payment icon is also emphasized, enabling fast and convenient payments. In general, this card’s design is sophisticated but not too complicated, and it is a great addition to your wallet.

What are the benefits of the Axis LIC Signature Credit Card?

Below are the main rewards with actual reward points:

LIC Premium Payment Rewards – Receive 2 reward points for every ₹100 paid as LIC premium payments.

Other Spending Rewards – Receive 1 reward point for every ₹100 used on other spends.

Fuel Surcharge Waiver – Save ₹ at a 1% fuel surcharge waiver on Indian fuel pumps.

Airport Lounge Access – Enjoy complimentary access to some airport lounges to travel in comfort.

Shopping & Entertainment Discounts – Receive exclusive discounts on dining out, cinema, and internet shopping.

Insurance Cover – Receive free insurance cover, offering that extra security.

What are the fees for the Axis LIC Signature Credit Card?

Here is a simple breakup of the Credit Card fees.

Joining Fee	₹499 + GST (one-time fee when you get the card).
Annual Fee	₹499 = GST per year. This will be waived if you spend ₹1,00,000 or more in a year.
Add-on Card Fee	No charges for additional cards for family members.
Finance Charges	3.5% per month (42% annually) on the outstanding balance if you don’t pay your bill in full.
Cash Advance Fee	2.5% of the amount withdrawn or ₹500, whichever is higher.
Late Payment Fee	For Statement Balance Less than Rs. 101 – NilRs. 101 – Rs. 500 – Rs. 150Rs. 501 – Rs. 5,000 – Rs. 500Rs. 5,001 – Rs. 20,000 – Rs. 750Rs. 20,000 & above – Rs. 1,000

What are the criteria for getting an Axis LIC Signature Credit Card?

The following are the primary requirements:

To apply for the LIC Signature Credit Card, you must be between 18 and 70 years old. This way, applicants will either be young enough to begin building a credit history or mature enough to have an established financial background.

The income requirement differs according to your employment status:

Self-Employed Professionals: A minimum Annual income of Rs.2 lakhs usually does the job.

A secured income ensures regular timely payments on the credit card bill. Any amount above it ensures that it increases the approval probability.

Your credit score plays a role in the selection process. It is a tendency for Axis Bank to favor borrowers with a better credit score usually above 750. A better credit score generally indicates that the person has an excellent history in managing his finances and is quite reliable as a borrower.

You must be an Indian resident and have valid address proof within the country. In case you are applying from outside India, then you would not be considered eligible for this card unless you are an NRI and fall into other criteria that are required for this type of card.

A salaried person must be employed with a reputed company or organization. The bank can ask you for documents like your salary slip or employment letter.

A Self-employed person must have business experience in the past years, generally 2+ years. You must show the bank proof of good consistent income. This may be your income tax returns and bank statements.

What documents are required to get an Axis LIC Signature Credit Card?

The documents that you will have to submit to get a LIC Signature Credit Card are as below:

Identity Proof	Aadhaar card, Passport, Voter ID, Driving license, PAN card
Address Proof	Utility bills like electricity, water, etcRent agreement, Bank statement, or passbook with your address
Income Proof	Salary slip for the last 3 months if you are a salaried employe Bank statement for the last 3 months ITR for self-employed persons
Photograph	The latest passport-sized photograph

Where can the Axis LIC Signature Credit Card be used?

Here is the list of places where you can use it:

With the LIC Signature Credit Card, you can shop for clothing, electronics, accessories, and more at almost every retail outlet, shopping mall, and e-shopping website.

You can also use it on websites like Amazon, Flipkart, etc., and also make bookings on websites like MakeMyTrip, Yatra, etc.

You can use the card to pay for your meals in restaurants, cafes, and fast food outlets.

You can use it to book flight, train, or bus tickets, as well as to pay for taxi, Uber, Ola, or hotel bookings.

You can use your credit card to pay electricity and water bills, mobile bills, and internet services.

You can use your LIC Signature Credit Card to pay for expensive items such as electronics or appliances through easy monthly installments (EMIs).

The Axis Signature Credit Card is also accepted in other countries, where you can make purchases and payments. It is also accepted wherever Visa is accepted.

What is the credit limit of the Axis LIC Signature Credit Card?

The credit amount you can spend is what you are provided with an Axis Signature Credit Card. It is based on your income, credit score, and other financial history when you are selected for this credit card by the bank.

For instance, if you have a credit limit of ₹50,000, you can spend up to that amount only. If you want to spend more than the limit, the bank will not consider it.

The actual credit limit varies with the person. A credit limit could be ₹30,000 for someone and ₹1,00,000 for another or even more, considering his/her profile and financial background.

It’s essential to follow the expenses and not exceed the credit limit because when you pass this limit then penalties get added, and your credit score also goes down.

How do you apply for an Axis LIC Signature Credit Card?

Apply it through both these modes:

Online Application Process:

Visit the official website of the Axis Bank, i.e.

Go to ‘Cards’, followed by ‘Credit Cards’.

On that page, you can see numerous options for credit cards issued by Axis Bank; for instance, you can choose the LIC Signature Credit Card.

Just hover your cursor on the Axis LIC Signature Credit Card, followed by selecting ‘Apply Now‘ from there.

You will be asked to fill out your details including your name, contact information, income details, and employment status.

Be accurate and updated with the information provided.

You are required to upload documents like your identity proof, address proof, income proof, and photograph, as per the list of documents mentioned above.

After filling out the details and uploading the documents, review your application to make sure everything is correct.

Apply online through the application form.

The bank will check your application after submitting it. They can ask for extra documents or information if required.

You will be informed about the status of your application, and if approved, your card will be delivered to you.

Offline Application Process:

You can walk into the nearest Axis Bank branch to apply for the Axis LIC Signature Card.

Request for the credit card application form of the Axis Signature Credit Card. They will provide you with the form and proceed accordingly.

Fill the details in the application form wherever it is required. Care should be taken that all the information about personal details, income, and jobs provided by the applicant should be correct.

Along with the form, furnish the relevant documents. The list of documents includes Identity proof, Address proof, Proof of income, and pas hotograph.

Your application will be processed, and your information will be cross-checked at the bank level.

In case of successful completion, the bank will sanction the credit card with a reply and forward it to the registered address.

You will receive the Axis Signature Credit Card by post at the same postal address.

Once you receive your card, you need to activate it by following the instructions given in the envelope, either through the Axis Bank Card website, or mobile app or by calling their customer service.

You must set your PIN (Personal Identification Number) for security purposes before you can start using your credit card.

Would getting an Axis LIC Signature Credit Card in 2025 be right?

Yes, getting an Axis LIC Signature Credit Card in 2025 can be a good option if you require a credit card with great offers, especially for those who shop for lifestyle products. The reward is excellent and comes with the purchase of items such as jewelry. On top of that, the bank provides discounts and easy access to the EMI facility.

Axis Bank is also a strong bank with high customer service, so it is dependable. But don’t forget that you should make sure that you can handle your credit responsibly in terms of paying the bills and keeping your credit from exceeding its limit. Provided that you are stable in terms of income and you have good credit, it might be a very good option in 2025.

Conclusion

The Axis LIC Signature Card is an excellent option for LIC policyholders who wish to accumulate rewards as they pay their insurance premium bills. Besides providing special reward points on paying LIC premiums, the card provides additional benefits in the form of shopping discounts, fuel surcharge waivers, airport lounge free entry, and protection insurance.

One of the best features of this card is the low annual fee, which can even be exempted if you spend ₹1,00,000 within a year. Also, the fuel surcharge waiver and the shopping and entertainment deals at specified places make it a wonderful card to use daily. The free insurance cover is another support system, providing cardholders with a sense of security.

If you are someone who pays LIC premiums regularly, you would love to have this card. Not only is your insurance pay process easy and hassle-free, but it also provides you with rewards that can help enhance your financial experience. Being a stylish and simple card with easy-to-operate features and useful rewards, the Axis LIC Signature Credit Card is a very intelligent wallet addition.