The verdict
An essential zero-cost card for anyone paying substantial annual LIC life insurance premiums. Because 1 point equals ₹1.00 and insurance earn is uncapped, paying a ₹1 Lakh policy premium earns ₹2,000 in direct valueback while holding a Lifetime Free card with 8 domestic airport lounges.
Paying ₹1.5 Lakhs annually in LIC insurance premiums (₹3,000 valueback) + spending ₹1 Lakh on general retail (₹1,000 valueback) delivers ₹4,000 in net gains plus 8 domestic airport lounges against ₹0 annual fee forever.
For individuals who do not hold LIC insurance policies or purchase term insurance through private private insurers (HDFC Life, Max Life), accelerated insurance points do not apply.
✓What works
- +2% valueback (2 Plus Points per ₹100) on all LIC insurance premium payments with no upper ceiling.
- +2% valueback (2 Plus Points per ₹100) on all international foreign currency transactions.
- +1% flat valueback (1 Plus Point per ₹100) on all other domestic retail spending.
- +100% Lifetime Free (LTF) — zero joining fees and zero renewal charges forever.
- +8 complimentary domestic airport lounges per year (2 per quarter).
- +High point conversion: 1 Plus Point = ₹1.00 real value.
✕What doesn't
- −2% insurance rate is exclusive to Life Insurance Corporation of India (LIC) merchant codes.
- −Domestic airport lounge access requires spending ₹50,000 in the preceding quarter.
- −Standard 3.5% + GST forex markup.
What it earns
1 LIC Plus Point = ₹1.00 when redeemed for catalog items, vouchers, or statement credit.
| Category | Rate | Monthly Cap | Per ₹1L spent |
|---|---|---|---|
| LIC Insurance Premium Payments | 2.0% Valueback (2 RP / ₹100) | Uncapped | 2,000 Plus Pts (₹2,000 value) |
| International Foreign Spends | 2.0% Valueback (2 RP / ₹100) | Uncapped | 2,000 Plus Pts (₹2,000 value) |
| All Other Domestic Retail | 1.0% Valueback (1 RP / ₹100) | Uncapped | 1,000 Plus Pts (₹1,000 value) |
| Fuel & Rent | 0% | Excluded | 0 Plus Pts |
Accelerated earn
2% Uncapped on LIC Premiums & 1 Point = ₹1.00
Earn double points on insurance policies and overseas swipes.
| Category / Channel | Multiplier Rate | Monthly Cap | Cap / Condition |
|---|---|---|---|
| LIC Insurance Premiums2 Plus Points per ₹100 spent. | 2× · 2.0% | Uncapped | — |
| International Spends2 Plus Points per ₹100 spent. | 2× · 2.0% | Uncapped | — |
Redemption options
Redeem points at 1 Plus Point = ₹1.00 directly for gift vouchers or statement credit.
| Redemption Channel | Value Per Point | Minimum | Ceiling / Limits | Fee |
|---|---|---|---|---|
| Brand Vouchers & Gift CardsBEST VALUE | ₹1.00 / Plus Point | 500 pts | None | Nil |
| Statement CreditBEST VALUE | ₹1.00 / Plus Point | 1,000 pts | None | Nil |
Reward Scope: Inclusions & Exclusions
✓Eligible Spends (Inclusions)
- +8 complimentary domestic airport lounges per year (2 per quarter).
- +All LIC policy premium payments (offline branch, LIC portal, or NACH).
- +International foreign currency transactions.
✕Excluded Spends & Fee Traps
- −Non-LIC insurance companies (ICICI Pru, HDFC Life earn standard 1% rate).
- −Rent payments.
- −Fuel transactions (1% surcharge waiver on ₹400–₹4,000).
Fee Schedule & Waiver Criteria
| Fee Component | Amount / Rate |
|---|---|
| Joining Fee | ₹0 (Lifetime Free) |
| Annual Renewal Fee | ₹0 (Lifetime Free Forever) |
| Forex Markup | 3.5% + GST |
| Finance Charges | 3.6% / month (43.2% / year) |
Eligibility & Approval Criteria
| Criteria | Requirement |
|---|---|
| Age | 21–65 years |
| Salaried Income | ₹50,000+ monthly net salary |
| Self-Employed Income | ITR above ₹6.0 Lakhs per annum |
Frequently Asked Questions
Does LIC Axis Bank Signature Credit Card offer airport lounge access?
What are the MITC charges, annual fees, and interest rates for LIC Axis Bank Signature Credit Card?
What is the reward rate and point redemption value on LIC Axis Bank Signature Credit Card?
Which transactions are excluded from earning rewards on LIC Axis Bank Signature Credit Card?
Who is LIC Axis Bank Signature Credit Card best suited for in 2026?
Editorial Deep-Dive Analysis
Comprehensive Overview: LIC Axis Bank Signature Credit Card
The LIC Axis Bank Signature Credit Card is a 100% Lifetime Free (LTF) premium co-branded insurance and lifestyle credit card, engineered in exclusive alliance with Life Insurance Corporation of India (LIC) for policyholders, agents, and families with recurring insurance premium commitments. Issued on the Visa Signature network with zero joining fee and zero annual renewal fee forever, the card eliminates all spending conditions and annual fee anxieties.
The card’s core superpower is accelerated insurance valueback: 2X EDGE Reward points on LIC insurance premium payments (2 EDGE points per ₹100 spent), 1.5 EDGE points per ₹100 on other retail spending, a complimentary personal accidental death insurance cover of ₹50 Lakhs, 8 complimentary domestic airport lounge visits per year, and a 1.0% fuel surcharge waiver across India.
Key Privileges and Practical Everyday Benefits
- 100% Lifetime Free Visa Signature Card: Zero joining fee and zero annual renewal fee forever with zero spending conditions or maintenance charges.
- 2X Rewards on LIC Insurance Premium Payments: Earn 2 EDGE Reward points per ₹100 spent on Life Insurance Corporation of India (LIC) premium payments paid via official LIC portals (0.4% return at 1 point = ₹0.20).
- Substantial ₹50 Lakhs Accidental Death Cover: Complimentary personal accidental death insurance protection up to ₹50 Lakhs for the primary cardholder.
- Domestic Airport Lounge Access: 2 complimentary domestic airport lounge visits per calendar quarter (8 visits/year) at participating lounges across India (subject to the standard ₹50,000 spend in the preceding 3 calendar months).
- General Retail Rewards: Earn 1.5 EDGE Reward points per ₹100 spent on all other general retail domestic transactions outside insurance and excluded categories.
Important Terms and Spend Conditions to Keep in Mind
- Quarterly Lounge Access Spend Gate: Domestic lounge access requires spending at least ₹50,000 in the preceding 3 calendar months.
- LIC Portal Payment Requirement: 2X accelerated rewards require paying insurance premiums directly through official LIC channels (licindia.in, LIC Customer Portal, or official LIC merchant swipe terminals).
- Monthly Insurance Reward Caps: Accelerated points on insurance premium payments are subject to monthly billing cycle ceilings to prevent bulk commercial merchant misuse.
- Excluded Spend Categories: Fuel purchases, rent payments, wallet reloads, cash advances, utilities, and government services do not earn reward points.
- Dynamic Currency Conversion (DCC) Fee: A 1.0% + GST markup applies on foreign transactions processed in INR by overseas merchants.
Who Benefits Most
- LIC Policyholders & Families: Households paying annual or semi-annual life insurance premiums to LIC who want guaranteed points and ₹50 Lakhs accidental cover on a Lifetime Free card.
- Frequent Domestic Travelers: Cardholders wanting a 100% Lifetime Free Visa Signature card with 8 domestic airport lounges per year.
- Zero-Fee Premium Seekers: Individuals who want premium Signature perks (lounges, high insurance, dining) with zero annual fee risk.
- Axis Bank & LIC — Signature Credit Card schedule of charges
- LIC Cops & Axis Bank — 2X insurance premium reward points terms
Independent Editorial & Statutory Disclaimers
Institutional Transparency & Nominative Fair Use Statement
CredSutra operates as an independent credit card discovery and consumer intelligence engine. CredSutra is NOT a bank, Non-Banking Financial Company (NBFC), Direct Selling Agent (DSA), or Lending Service Provider (LSP).