LIC Cards Services Ltd., (LIC CSL) was incorporated on 11th November 2008 under Companies Act, 1956 as a wholly owned subsidiary of LIC of India with the capital of Rs. 1 crore.
The objective of the Company is to market and distribute payment products including Credit Card, Gift card, Cash Card, Meal Card etc. to the Policyholders, Employees & Agents of LIC and its subsidiaries/Associates and public at large through Co-branded products from Partner Banks. Presently the Company has tie ups with Axis Bank, IDBI Bank, IDFCFirst Bank and Sodexo VC India Private Limited.
LIC CSL is having its Corporate Office at Delhi and presently operational in 13 Area Offices at Ahmedabad, Bangalore, Bhopal, Chandigarh, Chennai, Delhi(Outside), Delhi (Local), Hyderabad, Jaipur Kolkata, Mumbai, Lucknow and Patna.
LIC CSL offers free Credit Cards with lots of attractive benefits embedded into it. LIC Cards are Life Time Free i.e. there is no Joining Fee, Annual Fee and Renewal Fee on the Cards issued. LIC Credit Card offers a convenient and alternate mode of Premium Payment with Double Reward Points and Nil Convenience Charge.