MUMBAI, DEC 14  :   IDFC FIRST Bank, LIC Cards, and Mastercard have partnered to launch an exclusive co-branded credit card to meet India’s dynamic financial needs.
The card, available in two variants — LIC Classic and LIC Select — will provide over 27 crore policyholders with reward points on every LIC insurance premium payment.
It also offers up to Rs 50,000 cover for lost card liability and a personal accident insurance cover of up to Rs 5 lakh.
Cardholders can redeem reward points against any online purchase, including upcoming LIC insurance premiums.
The card will also offer travel benefits, such as complimentary access to airport lounges and various protective covers.
The card will help streamline online transactions and offer best-in-class benefits while rewarding customers on their LIC policy payments.
Mastercard’s division president, Gautam Aggarwal, said, “The card is designed to provide tier two and three cities with the confidence to transact digitally using credit cards”.(UNI)