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Axis Bank · Visa / Mastercard / RuPay · हिन्दी

LIC Axis Bank Signature Credit Card: full review

The LIC Axis Bank Signature fills a genuine gap, India has 250 million+ LIC policyholders who get zero reward on premium payments with other cards. This card earns 2% on LIC payments at zero annual fee. If you pay ₹30,000+ in LIC premiums annually, the rewards alone justify holding this as a secondary card.

Apply now ↗Annual fee: Lifetime free
Last updated: October 2026 · Current terms verified
AXIS BANK
VISA
)))
LIC SIGNATURE
ASHOK KUMAR
12/28
Lifetime freeAnnual fee
2 reward points per ₹100 on LIC premiums paid through LIC's own payment channels and on foreign currency spends (about 2%); 1 point per ₹100 on other spends except fuel, wallet loads and EMIs (about 1%); a point is worth up to ₹1 on e-vouchers in the LIC rewards catalogueReward structure
8 domestic visits/year (vary by spend from Jul 2025)Lounge access

Key benefits of the LIC Axis Bank Signature Credit Card

2 reward points per ₹100 on LIC premiums paid through LIC's official payment channels (about 2%)2 reward points per ₹100 on foreign currency spends (about 2%)1 reward point per ₹100 on other spends, including bill payments (about 1%); none on fuel, wallet loads or EMIsA point is worth up to ₹1 on e-vouchers in the LIC rewards catalogue8 complimentary domestic airport lounge visits/year (spend-based from Jul 2025)Lifetime free, zero joining and annual feePersonal accident cover up to ₹25L for LIC-related beneficiariesLIC co-brand benefits, streamlined LIC premium payment and tracking1% fuel surcharge waiver (₹400–₹4,000)
Apply now ↗ Min. income: ₹15,000/month (salaried or self-employed) · Credit score: 700+
Pros and cons
Pros
✓ Lifetime free with lounge access and 2% on LIC premiums, unique niche
✓ Only credit card in India that specifically rewards LIC premium payments
✓ 2% on international spends is good for a free card
✓ Covers an underserved audience, LIC has 250+ million policyholders in India
Cons
✗ Lounge access now spend-conditional from Jul 2025, less attractive than before
✗ Low 1% on non-LIC, non-international spends
✗ 3.5% forex despite 2% on international rewards
✗ Points are redeemed by calling customer care, with a ₹30 + GST handling charge on each redemption
Quick facts
Issuer Axis Bank
Network Visa / Mastercard / RuPay
Annual feeThe yearly fee a bank charges for holding the card, often waived if you spend enough in a year.Full definition → Lifetime free
Joining feeA one-time fee charged when you first get the card, separate from the recurring annual fee.Full definition → ₹0
Lounge accessFree entry to airport lounges, usually limited to a set number of visits per quarter or year.Full definition → 8 domestic visits/year (vary by spend from Jul 2025)
Forex markupThe extra fee your bank adds on top of the real exchange rate for any spend in a foreign currency.Full definition → 3.5%
Min. incomeThe minimum income, credit score, and other conditions a bank requires before approving your application.Full definition → ₹15,000/month (salaried or self-employed)
Min. credit scoreYour 3-digit credit score (300-900), higher scores make approval easier and can unlock better cards.Full definition → 700+
SourceAxis Bank's LIC Signature card page and LIC rewards catalogue · Last checked October 2026
Recent updates

Corrected from Axis Bank's card page: bill payments earn 1 point per ₹100 like other spends, so utility now earns about 1% in our maths instead of nothing. The LIC rewards catalogue values a point at up to ₹1, not ₹0.20, so the 1% and 2% rates were already right.

Utility bills0%1%
Point value₹0.20Up to ₹1
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Frequently asked questions
The annual fee for LIC Axis Bank Signature Credit Card is Lifetime free. This card is lifetime free with no annual fee.
The main benefits of the LIC Axis Bank Signature Credit Card are: 2 reward points per ₹100 on LIC premiums paid through LIC's official payment channels (about 2%); 2 reward points per ₹100 on foreign currency spends (about 2%); 1 reward point per ₹100 on other spends, including bill payments (about 1%); none on fuel, wallet loads or EMIs; A point is worth up to ₹1 on e-vouchers in the LIC rewards catalogue; 8 complimentary domestic airport lounge visits/year (spend-based from Jul 2025); Lifetime free, zero joining and annual fee; Personal accident cover up to ₹25L for LIC-related beneficiaries; LIC co-brand benefits, streamlined LIC premium payment and tracking; 1% fuel surcharge waiver (₹400–₹4,000).
2 reward points per ₹100 on LIC premiums paid through LIC's own payment channels and on foreign currency spends (about 2%); 1 point per ₹100 on other spends except fuel, wallet loads and EMIs (about 1%); a point is worth up to ₹1 on e-vouchers in the LIC rewards catalogue
LIC Axis Bank Signature Credit Card is best for LIC policyholders wanting rewards on LIC premium payments with lounge access at zero annual fee. The LIC Axis Bank Signature fills a genuine gap, India has 250 million+ LIC policyholders who get zero reward on premium payments with other cards. This card earns 2% on LIC payments at zero annual fee. If you pay ₹30,000+ in LIC premiums annually, the rewards alone justify holding this as a secondary card.
The minimum income requirement for LIC Axis Bank Signature Credit Card is ₹15,000/month (salaried or self-employed). A minimum credit score of 700+ is also recommended.
Yes, LIC Axis Bank Signature Credit Card offers 8 domestic visits/year (vary by spend from Jul 2025).
LIC Axis Bank Signature Credit Card charges a 3.5% foreign currency markup on international transactions. This is in line with the standard 3.5% charged by most Indian credit cards.
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