Question 1

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

Accepted Answer

The LIC Signature Credit Card offers nil joining and renewal fees, reward points on spends, complimentary domestic lounge access, and comprehensive insurance covers.

Question 2

Is there a joining or renewal fee for the LIC Signature Credit Card?

Accepted Answer

No, the LIC Signature Credit Card comes with absolutely nil joining and nil renewal fees, making it a free-to-hold credit card.

Question 3

How do I earn reward points with the LIC Signature Credit Card?

Accepted Answer

You earn 2 reward points on every Rs. 100 spent on international transactions and LIC premium payments, and 1 point on other categories.

Question 4

What are the insurance benefits offered by the LIC Signature Credit Card?

Accepted Answer

The LIC Signature Credit Card provides personal accident cover up to Rs. 5 lakhs, air accident cover up to Rs. 1 crore, purchase protection up to Rs. 1 lakh, and lost card insurance up to Rs. 5 lakhs.

Question 5

Does the LIC Signature Credit Card offer lounge access?

Accepted Answer

Yes, the LIC Signature Credit Card provides 2 complimentary domestic airport lounge access visits per quarter within India.

Question 6

What is the fuel surcharge waiver on the LIC Signature Credit Card?

Accepted Answer

The LIC Signature Credit Card offers a 1% fuel surcharge waiver on transactions between Rs. 400 and Rs. 4,000, capped at Rs. 400 per month.

Question 7

Can I redeem my reward points easily from the LIC Signature Credit Card?

Accepted Answer

Yes, reward points from the LIC Signature Credit Card can be redeemed via the LIC Credit Cards rewards catalog for products, e-vouchers, or gift cards.

Question 8

What is the foreign currency markup on the LIC Signature Credit Card?

Accepted Answer

The foreign currency markup on the LIC Signature Credit Card is 3.50% for international transactions.

Question 9

Is the LIC Signature Credit Card suitable for first-time credit card users?

Accepted Answer

Yes, the LIC Signature Credit Card is an excellent entry-level card, ideal for first-time users looking to build a strong credit history without annual fees.

Question 10

Are there any charges for redeeming reward points on the LIC Signature Credit Card?

Accepted Answer

Yes, there is a rewards redemption fee of Rs. 30 + GST for redeeming points from the LIC Signature Credit Card.

LIC Signature Credit Card

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