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Axis LIC Signature Credit Card Review

Rewards card with lounge access

The Axis LIC Signature is lifetime free (no joining or annual fee). It earns 0.2% back on regular spends and up to 0.4% on Insurance, with 8 domestic airport lounge visits a year. Best for: lic policyholders wanting free lounge access — our verdict: consider.

Vyaya Team · Aug 2026
5 min read
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Value Score
8.0 / 10
Annual Fee
₹0
Best For
LIC premium payer, Free-card lounge user
Network
Visa
Expert Verdict

The Axis LIC Signature is a lifetime-free card whose best feature is 8 domestic lounge visits plus a 2x boost on insurance spends, useful mainly to LIC premium payers. The Rs. 0.20 point value, removal of utility earning and 3.5% forex markup mean it is a free lounge-and-insurance card rather than a rewards earner.

AXIS BANKVisa
Axis LIC Signature
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REWARD SUMMARY
0.2% Base Rewards
Rewards card with lounge access
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The Bottom Line

The Axis LIC Signature is built for lic premium payer and free-card lounge user. With no annual fee, it offers 0.4% rewards on insurance and a welcome benefit worth ₹300. It makes the most sense if your spending matches lic premium payer and free-card lounge user.

It earns a base reward rate of 0.2% and stacks best when your spending lines up with LIC premium payer, Free-card lounge user.

What we like
+Lifetime-free card with zero joining and annual fee
+8 complimentary domestic airport lounge visits a year, generous for a no-fee card
+2x points (2 points per Rs. 100) on insurance and on international spends, double the base rate
+Lost card liability cover, up to 15% dining discounts and 1% fuel surcharge waiver (capped Rs. 400/month)
What we don't
–Low point value of Rs. 0.20, so base 1 point per Rs. 100 is only ~0.2%
–Utilities and telecom were excluded from earning effective 20 June 2025
–Education, fuel, gold/jewellery, government, rent, wallet loads, cash advances and loan repayments earn no points
–3.5% forex markup despite the 2x boost on international spends

Who Should Get This Card

Use this as a quick filter before comparing rewards or fees in detail.

Best fit for

Ideal
+
LIC premium payer

An LIC policyholder who pays insurance premiums on the card to earn the 2x insurance rate at no annual cost.

+
Free-card lounge user

Someone who values 8 domestic lounge visits without paying any annual fee.

Probably not for

Skip
–
Rewards maximiser

The Rs. 0.20 point value and 0.2% base rate make returns negligible outside the niche 2x categories.

–
Bill payer

Utilities and telecom no longer earn points, so recurring bills deliver no value.

Is It Worth It For You?

Slide to your typical monthly card spend. We'll do the rest.

Calculate Your Value

Adjust your typical monthly spend by category.

Dining
0₹5,000Max ₹50k
Est. Returns
Travel
0₹10,000Max ₹1L
Est. Returns
Online & Shopping
0₹8,000Max ₹80k
Est. Returns
Groceries
0₹6,000Max ₹40k
Est. Returns
Annual rewards₹0
Welcome bonus (Year 1)+₹300
Annual feeFREE
Net Value (Year 1)+₹300
Net Value (Year 2+)+₹0

Sign in for personalized estimates based on your actual spending

Reward Rates

Axis LIC Signature offers 0.2% basic reward rate.

Quick Calculator

Estimate earnings for a specific purchase

₹
Insurance
0.4%
International
0.4%

Welcome Offer

Welcome Benefit

100% cashback up to Rs 300 on the first utility bill payment made within the first 30 days of card issuance (reported by third-party sources; not confirmed on official product page).

Value: ₹300

Fees & Charges

Joining fee₹0
Annual fee₹0
Fee waiverN/A

Eligibility

  • Min Income: ₹15 Lakhs
  • Min Credit Score: 750
  • Age 18-70; must hold active LIC policy; min annual income ₹6L salaried, ₹15L self-employed; no annual fee.

Exclusions & Terms

Forex markup

  • Foreign currency markup

Cash Advances

  • Does not earn reward points.

Repayments / Loan Repayments

  • Does not earn reward points.

Frequently Asked Questions

7 data-backed answers from our card database

What is the annual fee of the Axis LIC Signature credit card?+

None — the Axis LIC Signature is lifetime free (no joining or annual fee).

What rewards does the Axis LIC Signature credit card give?+

It earns 1 EDGE Reward Points per ₹100 spent (about 0.2% back), and up to 0.4% on Insurance.

Does the Axis LIC Signature credit card offer airport lounge access?+

Yes — 8 domestic airport lounge visits a year. Check the card's terms for any spend condition before your trip.

What is the eligibility for the Axis LIC Signature credit card?+

Minimum annual income of about ₹15 lakh and a credit score of 750+. Age 18-70; must hold active LIC policy; min annual income ₹6L salaried, ₹15L self-employed; no annual fee.

What is the forex markup on the Axis LIC Signature?+

3.5% + GST on international transactions.

What is the welcome benefit on the Axis LIC Signature?+

100% cashback up to Rs 300 on the first utility bill payment made within the first 30 days of card issuance (reported by third-party sources; not confirmed on official product page).

Is the Axis LIC Signature credit card worth it?+

The Axis LIC Signature is lifetime free (no joining or annual fee). It earns 0.2% back on regular spends and up to 0.4% on Insurance, with 8 domestic airport lounge visits a year. Best for: lic policyholders wanting free lounge access — our verdict: consider.

Ready to apply?

No annual fee. Apply on the Axis Bank website.

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