Home » Credit Cards » Axis Bank LIC Signature Credit Card Review (2026): Lifetime Free with Airport Lounge Access & LIC Perks

Credit Cards

Axis Bank LIC Signature Credit Card Review (2026): Lifetime Free with Airport Lounge Access & LIC Perks

APPLY NOW

SaveSavedRemoved 0

October 7, 2026

4 Views

Get the Axis Bank LIC Signature Credit Card Lifetime Free in 2026. Enjoy up to 8 airport lounge visits, 2X rewards on LIC premiums, and 0 annual fees. Apply now!

Key Highlights at a Glance

Rewards & Benefits Fact Sheet

🎯 Reward Point Structure & Real Rupee Value

The card rewards spending with PlusPoints, managed via the dedicated LIC Cards rewards portal:

• 2 PlusPoints per ₹100 spent: On LIC Insurance Premium payments and international/foreign currency transactions.
• 1 PlusPoint per ₹100 spent: On all eligible retail spends.
• Point Valuation & Real Cashback Equivalent:
  • Points are redeemable against merchandise and e-gift vouchers on liccards.in.
  • Typical catalogue value ranges between ₹0.20 to ₹0.33 per PlusPoint (e.g., a ₹1,000 voucher requires ~3,000–3,030 points).
  • Real Return on LIC Spends & Forex: 0.40% to 0.66%
  • Real Return on General Spends: 0.20% to 0.33%

🧮 Real Spend & Value Calculation Example

🛋️ Domestic Airport Lounge Access Rules

• Allowance: Up to 8 complimentary visits per calendar year (capped at a maximum of 2 visits per calendar quarter) at select domestic airport lounges across India.
• Quarterly Spend Threshold: Cardholders must spend a minimum of ₹50,000 in the preceding 3 calendar months on settled retail transactions to unlock the subsequent quarter’s lounge benefit.
• New Cardholder Grace Period: The ₹50,000 spend threshold is completely waived for the month of card issuance and the following 3 calendar months. You get immediate complimentary access during this introductory window without prior spend requirements. (Note: Upgrades from existing Axis cards do not qualify for this waiver; fresh/additional card issuances do).
• Excluded from Lounge Spend Target: Bank fees, interest, finance charges, and reversed/refunded transactions.

⛽ Fuel Surcharge Waiver

• Waiver Rate: 1% fuel surcharge waiver across all petrol pumps in India.
• Transaction Window: Valid strictly on transactions between ₹400 and ₹4,000.
• Monthly Cap: Maximum benefit is capped at ₹400 per billing month (covering fuel spends up to ₹40,000/month).
• Exclusion: The GST component levied on the surcharge is non-refundable. Fuel transactions do not earn reward points.

🚫 Zero-Reward / Excluded Categories

Per the official cardholder MITC, transactions under the following 9 categories earn zero (0) PlusPoints:

1. Utility bill payments
2. Educational institution fees
3. Government institutions & tax payments
4. Wallet reloads
5. Gift cards & prepaid instruments
6. Rental payments
7. Fuel purchases
8. Cash advances
9. Bridge fees, road fees & toll plazas (including FASTag top-ups)

⚠️ Critical Fine Print & Redemption Mechanics

• Direct Gateway Requirement: 2X points on LIC insurance payments are eligible only when paid through official LIC portals/gateways (licindia.in). Payments routed via third-party payment apps (Paytm, Cred, PhonePe, Google Pay, Amazon Pay) do not qualify for accelerated rewards.
• Redemption Method: Redemptions are assisted/offline. Cardholders must call customer care at 1800 419 0064, provide the catalogue product code, specify quantity, and confirm their delivery address.
• Redemption Charges: A handling fee of ₹30 + GST is levied on every reward redemption request.
• Point Expiry: PlusPoints are valid for 12 months (1 year) from the date of accumulation. Points expire automatically if unredeemed.
• Point Tracking: Real-time points are not tracked in the general Axis app dashboard; your cumulative reward balance appears under the “Plus Point Summary” at the bottom of your monthly credit card statement.
• Gift Card Limit: A maximum of 75 virtual gift cards can be redeemed in a single financial year.
• Personal Use Policy: Strictly intended for personal usage. Any commercial, business, or resale usage will lead to reward cancellation and card closure.

🛡️ Insurance & Protection Cover

• Lost Card Liability: Complimentary lost card insurance coverage up to your total credit limit against fraudulent transactions post-reporting.

💳 Transaction EMI Conversion

• Ability to convert retail transactions of ₹1,500 and above into easy EMIs directly via NetBanking or the Axis Mobile app (EMI transactions are not eligible for reward points).

Eligibility Criteria

• Age: 18 to 70 years.
• Employment Status: Salaried or Self-Employed.
• Nationality / Residency: Resident Indian.
• Income Requirement: [Typically ₹3,00,000+ p.a. for Axis Signature cards, or approved on the basis of an active LIC policy / agent relationship; verify pre-approval status via link].

Required Documents

• Identity Proof: Passport, Driving Licence, or Voter ID.
• Income Proof:
  • Salaried: Latest 3 months’ salary slips or Form 16.
  • Self-Employed: Latest Income Tax Return (ITR) with computation of income.
• Address Proof: Passport, Utility Bill (Electricity/Landline), or Rent Agreement.
• Tax/KYC Identification: PAN Card (or Form 60 if PAN is unavailable) and a recent passport-size photograph.

How to Apply

1. Click on the official application link: Apply for Axis LIC Signature Card.
2. Enter your registered mobile number, PAN, and date of birth to check your pre-approved limit.
3. Complete your professional and residential details.
4. Complete your paperless Aadhaar-based OTP verification and Video KYC (VKYC).
5. Once approved, your digital card is generated instantly, and the physical card is delivered to your communication address within 5 to 7 business days.

Axis Bank LIC Signature Credit Card Review (2026): Lifetime Free with Airport Lounge Access & LIC Perks

APPLY NOW