LIC Classic Credit Card
The LIC Classic (an IDFC FIRST × LIC × Mastercard co-brand) is a lifetime-free card built around one job: paying your LIC insurance premiums. It earns 6 reward points per ₹125 (~1.2%) on premiums paid through LIC of India's official website, and 3 points per ₹125 (~0.6%) on all other spends including utilities, groceries, education, railways and government — with the Essentials categories sharing a 300-point monthly ceiling. A point is worth ₹0.25 and now expires three years after it is earned. On top of that sit a modest bundle — 1 domestic airport and 2 railway lounge visits a quarter, a 1% fuel-surcharge waiver up to ₹200 and complimentary insurance cover — and a 1,000-point welcome bonus on ₹5,000 of spend in the first 30 days. The forex is a standard 3.5%, so this is not a travel card. Its use is narrow — the 6X only fires on LIC's own site — but since it costs nothing to hold, there is no annual spend you need to clear to make it pay for itself.
Key features
What this card is built to do — the highlights that actually matter.
Welcome Benefit
~₹250 in vouchers, points or cashback on card activation
1.2% on Utility Bills
6 RP per ₹125 (~1.2%) on LIC premium payments made on LIC's official website; each point is worth ₹0.25
0.6% on Other
3 RP per ₹125 (~0.6%) on all other spends; the Essentials categories (groceries, utilities, railways, FASTag, education & government) share a 300 RP/month ceiling; points expire 3 years after being earned
️ Airport Lounge Access
1 complimentary visits per quarter at domestic and international airport lounges
Lifetime Free
No annual fee — ever. Keep this card long-term without any recurring cost.
️ Insurance Cover
Personal accident cover ₹2,00,000; lost-card liability ₹25,000 (report within 30 days); purchase protection and credit shield ₹25,000 each; roadside assistance worth ₹1,399
Full reward structure
| Category | Type | Rate | Monthly cap |
|---|---|---|---|
| Utility Bills | reward points | 1.2% | — |
| Other | reward points | 0.6% | ₹75 |
Fees & charges
| Charge | Amount |
|---|---|
| Annual fee (incl. 18% GST) | Lifetime free |
| Joining fee (incl. 18% GST) | Free |
| Forex markup | 3.5% |
| Reward redemption fee | ₹99 |
Perks & benefits
Estimated annual value beyond rewards — ~₹2,800/yr in total.
️ lounge access ~ ₹1,500 /yr
1 domestic airport + 2 railway lounge visits per quarter
fuel waiver ~ ₹500 /yr
1% fuel-surcharge waiver on fuel transactions between ₹200 and ₹5,000, capped at ₹200 per statement cycle
️ insurance ~ ₹800 /yr
Personal accident cover ₹2,00,000; lost-card liability ₹25,000 (report within 30 days); purchase protection and credit shield ₹25,000 each; roadside assistance worth ₹1,399
Should you get it?
Best for: LIC policyholders who pay large premiums on LIC's official website, Users who want a small return on insurance spends without a big fee
Entry tier — great for first-time and lower-spend users.
Strongest value if you spend heavily on Utility Bills ( 1.2% back).
Frequent travellers benefit from the included airport lounge access.
✓ Pros
- 6 RP per ₹125 (~1.2%) on LIC premium payments on LIC's official website
- Lifetime free — no joining or annual fee to earn back
- 1 domestic airport + 2 railway lounge visits a quarter
- 1,000-point welcome bonus on ₹5,000 spend in 30 days
✕ Cons
- The 6X rate applies only to LIC premiums paid on LIC's official website
- Standard 3.5% forex markup — not a card for international spending
- Away from LIC premiums it earns an ordinary 3 points per ₹125
Eligibility & documents
Age
21 –60 years
Min. income
₹25,000 /mo
Employment
Salaried · Self-employed
Documents required
- PAN card
- Aadhaar / valid address proof
- Income proof (salary slips or ITR)
How to redeem rewards
Ways to convert what you earn into real value.
🎁 Statement credit / cashback adjustment at ₹0.25 per point
🎁 Online rewards catalogue (vouchers, merchandise)
What your IDFC Reward Points are worth
Realistic value per point by redemption route — the difference is what most people leave on the table.
Statement credit BEST Never-expiring points
Gift voucher catalogue BEST Brand & e-gift vouchers
The concern The headline 6X only applies to LIC premiums paid on LIC's official website; everything else earns an ordinary 3 points per ₹125 with the Essentials categories capped at 300 points a month, and the 3.5% forex rules it out for travel.
The bottom line
Because the LIC Classic is completely lifetime-free, it functions effectively as a zero-cost utility tool for policyholders. Earning 6 reward points per ₹125 on premium payments via LIC's official portal provides uncomplicated incremental savings on mandatory recurring outlays. Outside of insurance payments, the card's 3 points per ₹125 earn rate and standard 3.5% forex charge are unexceptional, making it best reserved specifically for policy dues while routing daily retail expenses to stronger general cashback cards.
Sources & verification
Fees, reward rates, and benefits for the LIC Classic Credit Card are taken from IDFC FIRST Bank 's official Most Important Terms & Conditions (MITC) and fee schedule — see the card's official page . Last verified 7 Aug 2026 . Reviewed by Devchandra Sah . Always confirm current details on the issuer's site before applying. How we research →
Independence. CardAdvisor is an independent editorial publication. We are not affiliated with, endorsed by, sponsored by, or authorised to act for IDFC FIRST Bank . All issuer names, product names, and payment-network marks are the property of their respective owners and appear here for identification and comparison only. Card faces shown on this site are our own original illustrations — we do not display or host issuer card artwork or logos.
Value timeline
Every real-world change to this card's rewards, fees and benefits we've tracked — newest first, each linked to its source.
Tracking since 2023 · 5 changes · last change Jan 2026
▲ Revaluation ▼ Devaluation ◆ Neutral / reversed
2026 4 changes — 3 cuts, 1 improvement
▲ Reward Effective 18 Jan 2026
Bonus reward points on travel booked in the IDFC FIRST app
No app-booking bonus → 45X bonus on hotels, 20X bonus on flights
IDFC added accelerated earning on travel booked through the IDFC FIRST Bank mobile app — 45X bonus reward points on hotels and 20X on flights. It gives an otherwise single-purpose premium-payment card a second reason to be used, though only inside the bank's own booking channel.
Verification: IDFC FIRST Bank ↗ · Confidence: Reconstructed
▼ Reward Observed 18 Dec 2025 · Effective 18 Jan 2026
FASTag folded into the capped Essentials bucket
FASTag earned 3X outside the Essentials ceiling → FASTag counts within Essentials — still 3X, but sharing its 300 RP/cycle ceiling
IDFC moved FASTag recharges (MCC 4784) into the card's Essentials category. The rate is untouched at 3 reward points per ₹125, but FASTag now draws on the same 300-points-per-cycle ceiling as the other Essentials spends, so regular toll users reach the cap sooner and earn nothing beyond it.
Verification: IDFC FIRST Bank ↗ · Confidence: Reconstructed
▼ Fee Observed 18 Dec 2025 · Effective 18 Jan 2026
Fair-usage fees on heavy FASTag and railway spends
No FASTag or railway spend fee → 1% fee above ₹10,000 FASTag or ₹25,000 railway per cycle
FASTag recharges above ₹10,000 in a billing cycle now attract a 1% fee on the whole cycle's FASTag amount, and railway spends (MCC 4111, 4112) above ₹25,000 do the same. Railway is a notable target here, since railway-station lounge access is one of the card's advertised perks.
Verification: IDFC FIRST Bank ↗ · Confidence: High
▼ Reward Observed 18 Dec 2025 · Effective 18 Jan 2026
Whole cycle's reward points forfeited if minimum due is missed
Points accrued regardless of payment behaviour → No points for any cycle where the minimum amount due is unpaid by the due date
From 18 January 2026, failing to pay at least the Minimum Amount Due by the payment due date voids reward points for that entire billing cycle, and any points already posted for it are reversed. It bites hardest on this card's core use: a large annual LIC premium charged in a cycle whose minimum is then missed earns nothing at all.
Verification: IDFC FIRST Bank ↗ · Confidence: High
2023 1 change — 1 neutral
◆ Launch Effective 14 Dec 2023
LIC Classic launched with LIC Cards and Mastercard
IDFC FIRST Bank, LIC Cards Services and Mastercard launched the LIC co-brand in two variants — LIC Classic and LIC Select — aimed at LIC's 27 crore-plus policyholders. Classic was the entry variant: no joining fee and no annual fee with no minimum-spend condition, 6X reward points on LIC insurance premium payments, complimentary airport and railway lounge access, a 1% fuel-surcharge waiver, roadside assistance worth ₹1,399, personal-accident cover up to ₹5 lakh and lost-card liability cover up to ₹50,000. Points are redeemable against any online purchase, including future LIC premiums.
Verification: IDFC FIRST Bank ↗ · Confidence: High
Each change links to the issuer's own document — bank T&C, MITC, notice, press release or product page — where one is public. Where the bank published nothing, it's marked CardAdvisor Research and verified against the card's current terms. Independent of the live terms shown above. This timeline is one card's slice of our market-wide change record across every tracked card.
Embed this timeline on your site Free to use. Facts only — dates, changes and before/after values. Please keep the credit line below the frame: it's the only part search engines can see, and it's what we ask for in return.
Source: LIC Classic Credit Card value timeline — CardAdvisor
“ Cite this timeline Quoting a date or a before/after figure? Copy the HTML version — it credits the record with a working link.
HTML (with link) Plain text Copy
Source: LIC Classic Credit Card value timeline , CardAdvisor (CC BY 4.0).
Want to know if this beats your current card for your spending?
Apply now → Compare with my profile
Applications are submitted to and decided by IDFC FIRST Bank . CardAdvisor does not issue cards or process applications.
Find your best card
Answer 5 questions. Get a personalised shortlist with ₹ value estimates.
Find my card →
Quick summary
Type Entry credit card
Reward rate 0.6%–1.2%
Best for LIC policyholders who pay large premiums on LIC's official website
Joining fee Free
Annual fee Lifetime free
Reviewed by
Devchandra Sah · Cards tested, miles earned, trips booked — for over a decade
Last verified 7 Aug 2026
How we research →
Useful links
Rewards calculator
Estimate any card’s annual value
Points valuations
What each point is really worth
Latest card changes
Live fee & reward-rate tracker
Market insights
The Indian card landscape
Card data study 2026
280 cards analysed — August 2026
Frequently asked questions
Check your eligibility for this card
Answer a few quick questions and our team will reach out with matching card offers based on your profile.