Paying your LIC premium with the right credit card can help you earn reward points, cashback, fuel surcharge waivers, or travel benefits. However, many banks have reduced or excluded rewards on insurance transactions, making it important to choose a card that specifically rewards LIC premium payments. Recent payment-channel changes also mean you should check convenience fees before paying.
In this guide, we'll compare some of the best options available in India.
Why Use a Credit Card for LIC Premium Payment?
Using a credit card offers several benefits:
- Earn reward points
- Save money through cashback
- Improve your credit score with timely payments
- Enjoy up to 45–50 days of interest-free credit
- Track insurance payments digitally
Best Credit Cards for LIC Premium Payment
1. LIC Axis Bank Platinum Credit Card ⭐ Best Overall
Best for: Regular LIC policyholders
Benefits
- ₹0 joining fee
- ₹0 annual fee
- 2X reward points on LIC premium payments
- 2X rewards on international spending
- Fuel surcharge waiver
- Dining discounts
The card is designed specifically for LIC customers and earns accelerated rewards on eligible LIC premium payments.
Rating: ⭐⭐⭐⭐⭐
2. LIC Axis Bank Signature Credit Card
Suitable for customers paying high annual premiums.
Benefits include:
- Accelerated rewards on LIC premium payments
- Complimentary domestic airport lounge access
- Fuel surcharge waiver
- Insurance protection
It offers similar LIC reward earning while adding travel benefits such as airport lounge visits.
Also Read : Best Credit Cards for Salaried Employees in India (2026)
3. LIC Platinum Credit Card
Suitable for:
- Beginners
- Small annual premium payments
Benefits
- Lifetime free
- Reward points on LIC premiums
- Reward points on international spending
Comparison Table
| Credit Card | Annual Fee | LIC Rewards | Best For |
|---|---|---|---|
| LIC Axis Platinum | ₹0 | 2X Reward Points | Most LIC customers |
| LIC Axis Signature | ₹0 | 2X Reward Points | Frequent travelers |
| LIC Platinum | ₹0 | Reward Points | Beginners |
How to Pay LIC Premium Using a Credit Card
- Log in to the LIC online portal.
- Select your policy.
- Choose Credit Card as the payment option (where available).
- Complete payment securely.
- Save the receipt for your records.
LIC also supports online premium payments through its official portal for eligible policies.
Tips to Maximize Rewards
- Use a card that specifically rewards insurance or LIC premium payments.
- Pay before the due date to avoid interest.
- Check whether your payment channel charges a convenience fee.
- Redeem reward points before they expire.
Frequently Asked Questions
Which credit card is best for LIC premium payment?
The LIC Axis Bank Platinum Credit Card is one of the strongest options because it offers accelerated reward points on eligible LIC premium payments.
Do all credit cards give rewards on LIC payments?
No. Many issuers exclude or reduce rewards for insurance transactions. Always review the latest reward terms before making large premium payments.
Is there any convenience fee?
Some payment methods may charge convenience fees, while others may not. Verify the fee before confirming your payment.
Apply for the Best Credit Card
Looking for a credit card that rewards your LIC premium payments?
Visit https://www.creditcardoffers.site to compare:
- Lifetime free credit cards
- Cashback credit cards
- Fuel credit cards
- Travel credit cards
- Beginner-friendly credit cards
- Credit card eligibility tools
- Free CIBIL score guides
Compare features, eligibility, fees, and rewards to choose the card that best matches your spending habits.
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