LIC Axis Bank Signature Credit Card
Axis Bank · Visa · Mid card
Adds an active lifetime-free insurance-focused card with structured LIC-premium rewards and domestic airport lounge access.
LIC policyholders who want a lifetime-free card with domestic airport lounge access and basic lost-card protection.
Terms checked 13 Sept 2026
- Annual fee
- Lifetime free
- Joining fee
- ₹0
- Base reward rate
- 1%
- Forex markup
- 3.5%
Reward rates by spending category
Published catalogue rates before caps and merchant-category exclusions.
| Category | Recorded rate |
|---|---|
| International spending | 2% |
| Online shopping | 1% |
| Groceries & essentials | 1% |
| Dining & delivery | 1% |
| Travel & hotels | 1% |
| Beauty & wellness | 1% |
| Entertainment & movies | 1% |
| Healthcare & pharmacy | 1% |
| Subscriptions & streaming | 1% |
| Offline store shopping | 1% |
| Gold & jewellery | 1% |
| Insurance premiums | 1% |
| Other miscellaneous | 1% |
| Fuel & commute | 0% |
| Bills & utilities | 0% |
| Education & family | 0% |
| House rent | 0% |
Caps and fee waiver
- Reward caps
- No general cap recorded
- Annual fee waiver
- Not needed
- Monthly income requirement
- Not listed
Airport lounge access
8 domestic airport lounge visits per year
8 domestic airport lounge visits per year · Issuer card
Guest access: Not specified
Benefits & conditions
Expand a category to see recorded benefits, fees and eligibility, with conditions and links to the sources. Categories without recorded details are grouped below; missing information does not mean a benefit is unavailable.
Rewards and cashback · 5 items
Official LIC premium rewards
Usage-based valueTwo points per ₹100 only on LIC premium payments through the official LIC gateway.
Conditions: Two points per ₹100 only on LIC premium payments through the official LIC gateway.
Foreign-currency rewards
Usage-based valueTwo points per ₹100 on eligible foreign-currency purchases.
Other eligible rewards
Usage-based valueOne point per ₹100 on other eligible purchases.
100% cashback up to ₹300 on the first eligible utility bill within 30 days
Shown without a cash valueTwo ₹1 points per ₹100 on the official LIC premium gateway and foreign-currency purchases
Shown without a cash value
Fees · 1 item
Lifetime-free annual fee
Recorded value ₹-0No annual card fee is recorded under the currently reviewed terms.
Welcome benefits · 1 item
First utility-payment cashback
Recorded value ₹300100% cashback up to ₹300 on the first eligible utility bill payment.
Conditions: Make the eligible utility payment within 30 days of issuance
Airport lounge access · 1 item
Domestic lounge access
Usage-based value8 visits per year through Issuer card. Guest access: not specified.
Insurance and protection · 2 items
Lost-card liability cover up to the assigned credit limit
Shown without a cash value₹300 first-utility-payment cashback and lost-card liability protection
Shown without a cash value
Fuel benefits · 1 item
1% fuel surcharge waiver on ₹400-₹4,000 transactions, capped at ₹400 monthly
Shown without a cash value
Foreign-currency charges · 1 item
Foreign-currency markup
Usage-based value3.5% foreign-currency markup before applicable tax.
Conditions: Applies to eligible foreign-currency transactions
Eligibility and availability · 1 item
Application eligibility
Shown without a cash valueApplication availability: open. No universal verified numeric income threshold is used as a hard filter. Axis Bank publishes age 18-70, Indian residency and income-document requirements but no card-specific numeric income threshold.
Other benefits · 1 item
Axis Wednesday Delight merchant offers under separate campaign terms
Shown without a cash value
Other categories (9)
These categories have no detailed entries. We distinguish confirmed absences from information that still needs review.
Fee waiver
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Spend milestones
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Card tiers
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Movies and entertainment
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Travel privileges
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Dining
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Golf
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Memberships
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗Concierge
Not offeredThe reviewed issuer sources do not publish this benefit for the card.
Official source 1 ↗Official source 2 ↗
What stands out
- ✓ Lifetime free with no joining or annual membership fee
- ✓ Two ₹1 points per ₹100 on the official LIC premium gateway and foreign-currency purchases
- ✓ Eight complimentary domestic airport lounge visits per calendar year
- ✓ ₹300 first-utility-payment cashback and lost-card liability protection
What to watch
The 2X insurance rate requires the official LIC premium-payment gateway; other eligible insurance purchases receive the base rate. Government, education, utilities, rent, fuel, wallets, gift cards and tolls earn no points.
Recorded exclusions
Fuel Commute · Bills Utilities · Education Family · Rent · Wallet load · Gift cards · Government payments · Transportation tolls · Cash withdrawal · Emi converted transactions
How GainFair evaluates this card
The personal card advisor applies your monthly spending to category rates, limits rewards at the applicable caps, adds eligible movie, milestone and lounge value, and subtracts annual fees plus foreign-currency markup and GST. It can recommend keeping your current cards when a new card does not create enough incremental value.
Compare against
These cards have the closest mix of purpose, reward style, fee model and tier. They are suggestions for comparison, not rankings.
Card change history
Material changes verified against dated issuer notices. Effective dates can differ from announcement dates.
- Value reduced
DCC charge and reward exclusions revised
Axis Bank published the current DCC charge and expanded the reward-exclusion list.
- Before
- The prior DCC rate and exclusion schedule applied.
- After
- DCC is 3.5% before tax and the current government, education, utility, rent, fuel and stored-value exclusions apply.
Checked 22 Sept 2026Axis Bank August 2026 card changes ↗
Issuer sources
Open the sources used for this card's product details, rewards, fees and eligibility.
Sources checked 13 Sept 2026 · Latest recorded change effective 28 Aug 2026