IDFC FIRST Bank, LIC Cards, and Mastercard Introduce Exclusive Co-Branded Credit Card
In a significant partnership, IDFC FIRST Bank, LIC Cards, and Mastercard have joined forces to unveil an exclusive co-branded credit card tailored to address the ever-evolving financial requirements of the nation. The collaboration aims to cater to the diverse needs of over 27 crore policyholders across India.
The newly launched credit cards come in two distinct variants – LIC Classic and LIC Select. These variants offer policyholders the opportunity to accumulate reward points with every LIC insurance premium payment, presenting a valuable avenue for savings.
Comprehensive Coverage: The co-branded credit card provides a lost card liability cover of up to Rs 50,000, offering enhanced security and peace of mind to users.
Personal Accident Insurance: Cardholders will benefit from a substantial personal accident insurance cover of up to Rs 5 lakh, ensuring financial protection in unforeseen circumstances.
Travel Benefits: Both variants of the credit card extend travel perks, including complimentary access to lounges at airports and railway stations, enhancing the overall travel experience for users.
Protective Covers: The credit cards offer various protective covers, such as personal accident insurance, further bolstering the suite of benefits available to cardholders.
LIC Cards, a subsidiary of the esteemed Life Insurance Corporation of India (LIC), is a key player in this collaboration, leveraging its expertise to enhance the financial offerings available to the vast customer base.
Q: What collaboration was recently announced by IDFC FIRST Bank, LIC Cards, and Mastercard?
A: They unveiled co-branded credit cards, LIC Classic and LIC Select.
Q: What benefits do these credit cards offer?
A: Users earn reward points on LIC premium payments, get lost card cover up to Rs 50,000, personal accident insurance up to Rs 5 lakh, and travel perks.
Q: Who is LIC Cards, and what role does it play in this collaboration?
A: LIC Cards, a subsidiary of LIC, is a key player in enhancing the financial offerings of the co-branded credit cards.
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