Axis Bank LIC Credit Card
Axis Bank · Visa
Why this card?
- 0.5% back in reward points on insurance at Lic; 0.25% on other spends
- Lifetime free — no joining or annual fee
- 8 domestic airport lounge visits a year
- 1% fuel surcharge waiver
Card details
- Issuer
- Axis Bank
- Network
- Visa
- Annual Fee
- Lifetime Free
- Joining Fee
- None
- Reward Type
- points
- Best Reward Rate
- 3% on 3% value-back on LIC premium payments and renewals (5X reward points)
- Forex Markup
- 3.5%
- Domestic Lounge
- 8/yr
- Min. Monthly Income
- ₹20,000
- Rates verified
- 2026-10-06
Our verdict
Axis Bank LIC Credit Card (sold as LIC Axis Bank Platinum and LIC Axis Bank Signature) is a no-fee co-brand for LIC policyholders. It earns 2 reward points per ₹100 on LIC premium payments and foreign-currency spends, against 1 point per ₹100 elsewhere; Axis states no rupee value, so at an assumed ₹0.25 per point that is about 0.5% back on premiums. Only the Signature variant includes lounge access, at 8 domestic visits a year. A niche product rather than a high-reward one.
Pros
- 2 reward points per ₹100 on LIC premiums, double the 1 point on other spends
- No joining or annual fee
- 8 domestic lounge visits a year on the Signature variant
- 1% fuel surcharge waiver
Cons
- Benefits are LIC-payment-specific
- Low base earn on other spends
- No international lounge access, and no lounge at all on the Platinum variant
- 3.5% forex markup