LIC Cards Services Ltd (LIC CSL) in partnership with IDBI Bank launched 2 variants of co-branded RuPay Credit Cards powered by IDBI Bank such as LIC CSL ‘Lumine’ Platinum Credit Card and LIC CSL ‘Eclat’ Select Credit Card.
- At first, the cards were targeted to LIC Policyholders, LIC Agents, and Employees of LIC of India and its subsidiaries/Associates.
Benefits of Lumine and Eclat:
i.Both the cards have a validity of 4 years and an interest-free credit period of up to 48 days with a credit limit.
ii.It has different insurance Coverage viz, Air Accident Insurance Cover, Personal Accident/Permanent Disability cover, Credit Shield Cover, and Zero Lost Card Liability.
iii.It facilitates the users to convert the transactions of over Rs 3000 to Equated monthly instalment (EMI) with zero processing and foreclosure fee. The EMI tenure has options of 3, 6, 9 or 12 months.
Recent Related News:
LIC CSL partnered with IDBI Bank to launch “Shagun”, a contactless prepaid LIC gift card powered by the IDBI Bank on the RuPay platform.
It is the first-of-its-kind domestic Card payment network of India launched by NPCI (National Payments Corporation of India), the name was derived from the words ‘Rupee’ and ‘Payment’.
About LIC Cards Services Ltd (LIC CSL):
It is the wholly-owned subsidiary of Life Insurance Corporation (LIC) of India
Establishment – 2008
Headquarters – New Delhi