LIC Select Credit Card

Best for: LIC policyholders with large annual premiums, Users who pay premiums on LIC's official website and want lounge access

Mid tier — a solid all-rounder for steady monthly spend.

Strongest value if you spend heavily on Utility Bills ( 2% back).

Frequent travellers benefit from the included airport lounge access.

• 10 RP per ₹125 (~2%) on LIC premium payments on LIC's official website
• 5 RP per ₹125 (~1%) base rate — respectable for a card that costs nothing
• 2 domestic + 4 railway lounge visits a quarter
• 2,000-point welcome bonus on ₹10,000 spend in 30 days

• The 10X (2%) rate applies only to LIC premiums paid on LIC's official website
• Essentials rewards (groceries, utilities, railways, FASTag, etc.) are capped at 600 points/month
• Standard 3.5% forex markup — not a card for international spending

Ways to convert what you earn into real value.

🎁 Statement credit / cashback adjustment at ₹0.25 per point

🎁 Online rewards catalogue (vouchers, merchandise)

Because both LIC co-branded products are issued lifetime-free, the LIC Select is the obvious choice if you satisfy its higher income requirements. Delivering 10 reward points per ₹125 on portal-paid premiums, it produces roughly ₹2,000 in value on ₹1 lakh of yearly insurance dues without any recurring annual cost, supported by a decent 1% base earn on other spends. The main limitations remain the portal-only 2% reward scope, the 600-point monthly cap on Essentials, and a standard 3.5% forex markup.

Sources & verification

Fees, reward rates, and benefits for the LIC Select 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.

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

▲ 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, the same uplift given to the LIC Classic. It pairs naturally with the card's lounge access, though it only pays 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 5X outside the Essentials ceiling → FASTag counts within Essentials — still 5X, but sharing its 600 RP/cycle ceiling

IDFC moved FASTag recharges (MCC 4784) into the card's Essentials category. The rate is untouched at 5 reward points per ₹125, but FASTag now draws on the same 600-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 the card advertises four railway-lounge visits a quarter.

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. The exposure is largest on exactly the card's intended use — a big annual LIC premium charged at 10X, then lost in full if that cycle's minimum slips.

Verification: IDFC FIRST Bank ↗ · Confidence: High

◆ Launch Effective 14 Dec 2023

LIC Select 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. Select was the upper variant: no joining fee and no annual fee with no minimum-spend condition, 10X reward points on LIC insurance premium payments (double the Classic's 6X), 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.

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Source: LIC Select Credit Card value timeline — CardAdvisor

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Quick summary

Type Mid credit card

Reward rate 1%–2%

Best for LIC policyholders with large annual premiums

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 →

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