LIC Cards Services Limited (LIC-CSL) and IDBI Bank announced that they have launched two new co-branded RuPay Credit Cards. The cards will initially be available to LIC policyholders, agents, as well as employees of the corporation and its subsidiaries.

Announcing the launch of the cards, Rakesh Sharma, MD and CEO of IDBI Bank said, “We are glad to be partners with LIC CSL and RuPay, for an innovative credit product that offers an array of benefits to our customers with a focus on health, entertainment, travel, and various beneficial reward points. We aim to elevate the experience of credit card expenditure towards a holistic benefit for our customers.”

LIC Credit cardholders of the Lumine and Eclat cards will have a credit limit that is facilitated to their needs. With every Rs 100 spent on the Lumine card, cardholders will get 3 'delight' points, and on the Eclat card, they will receive 4 points.  They have a validity of four years and an interest-free credit period of up to 48 days. In addition, when a customer pays for the renewal or premium of a LIC insurance policy, they will receive twice the reward points. Also, both cardholders will get the facility to convert their transactions of over Rs 3,000 to EMI with zero processing and foreclosure fee, along with a 1 percent fuel surcharge waiver on transactions of Rs 400 onwards.  The LIC cardholder of the Lumine card will be entitled to earn 1,000 ‘Welcome Bonus Delight Points’ if they spend around Rs 10,000 within a 60-day timeframe while Eclat cardholders will earn 1500 points for the same. 

Good news for customers of this bank, this big benefit is going to be available

Indian Oil Corp posts 3-fold jump in Q1 net in Q1 profit on refining margins

TBSE Result 2021 declared: Students can check scores online at tbse.tripura.gov.in