LIC Credit Card:

It’s time to cheers for all the customers, employees of LIC (Life Insurance Corporation of India), its subsidiaries and group companies  because LIC of India(India’s No. 1 insurance service provider) and Axis Bank (India’s third largest private sector Bank) has come in collaboration to provide Value added LIC Credit card services.

LIC Cards services limited (  Lic India D. K. Mehrotra, Current-in-Charge-Chairman of LIC of India) has announced their partnership with Axis Bank (Ms. Shikha Sharma, MD & CEO of Axis Bank) on June 21st, 2011 and received the first LIC Visa Signature Credit Card powered by Axis Bank by Ms. Shikha Sharma. Other Executives that were present at this function are S. C. Singh – Director & Chief Executive, LIC India Cards Services Limited and Jairam Sridharan – Head-Consumer Lending & Payments, Axis Bank.

Issuance of LIC Credit cards:

Credit Card Eligibility:

Age criteria : Primary card holder

Minimum Age: 18 years

Maximum Age: 60 years

Add-on* cardholder

Minimum Age: 15 years

No maximum age prescribed

*(Maximum of 4 add-ons can be issued to a primary card)

Residential Status: Credit card to be issued only to the following persons

Individuals resident in India.

Eligible Segment: Following segments are eligible.

(a) LIC Employees

(b) LIC Agents

(c) LIC policy holders (not life assured)

Serviceable Pin Code Location:  Residence should be in serviceable pin code location

Documents:

1.  Income and KYC documents to be given as specified.
2. For existing Axis bank customers liability / loan account number to be mentioned in application form.
3. All documents should be self-attested by the applicant.
4. Photocopies of Income and KYC documents to be verified as per guidelines issued (i.e. Document verification by authorized LICCSL Sales Personnel).

LIC Jeevan Arogya: Table No. 903: UIN – 512N266V01

Jeevan Arogya Special Attractions: LIC Mediclaim

1. An attractive non-linked BENEFIT plan offering Health cover up to age 80 years and life cover and Accidental Benefit up to age 60 years.
2. Single policy for self (Principal Insured-PI) & entire family including parents and Parents in law.
3. Health Benefit for ALL SURGERIES (except specifically excluded)
4. Benefit can be availed along with Mediclaim for same Hospitalization/Surgery, without any link to actual expenses incurred.
5. No claim Benefit, unlimited granted every 3 years.
6. Premium waiver benefit, one premium following Surgery under category I and II

Lic Jeevan Arogya : Applicable Benefits: (LIC Health Insurance / Lic Mediclaim)

• Lic Jeevan Arogya Hospitalization Cash Benefit (HCB) up to 720 days (inclusive of 360 days ICU benefit). Available options Rs 1000, 2000, 3000, 4000, (increase arithmetically@5% p.a. up to 50%). 1st year 30 days. 2nd year and onward 90 days p.a. ICU Benefit @ HCB X 2 (1st year 15 days – 2nd year and onward 45 days p.a.).
• LIC Jeevan Aarogya Major Surgical Benefit (MSB) up to 800 times of HCB for 140 surgeries (100 times p.a.)
• Day Care procedure Benefit (DCPB) (Table no. 903) up to 24 procedures for 140 daycare procedures @ HCB X 5/procedure (3 procedures p.a.)
• Other Surgical Benefits (OSB) for all other surgeries up to 360 days @ HCB X2/day (1st year 15 days – 2nd year and onward 45 days p.a.)
• Quick Cash Facility – Advance of 50% cost of MSB for 50 Surgeries under Network Hospitals
• Ambulance charges – Reimbursement of Rs 1000 for 50 surgeries.

Jeevan Arogya Plan Features (LIC Health Insurance / Lic Mediclaim)

-Eligible Age – PI and Spouse: 18 to 65

-Dependent parents: 18 to 75

-Children: 3 months to 17 years

-Mode of Premium: Yearly, Qtly, Hly, and ECS (Mtly)

-Rebate for Yly and Hly and High HCB

-Automatic increase in HCB by 5% every year up to 50% of the Initial HCB.

-Major Surgical Benefit for 140 listed Surgical Procedures.

>MSB is equal to 100 times of HCB

>Automatic increase in MSB by 5% of Initial MSB every year up to 50% of the initial MSB

>Maximum 8 times of MSB through out policy Term (1 MSB per annum)

>Up to 80 years of age for other than children – For children up to 25 years of age.

-Day care Procedure Benefit for 140 day care procedures. 5 times of applicable Daily Cash Benefits (ADB). 3 times in a year and 24 times in the policy full term.

-Other Surgical Benefit- For any surgery not covered under MSB. 2 times of applicable Daily Cash Benefit – 45 days in a year 360 days in the policy full term (15 days – first year)

-Quick Cash Facility- This is the facility available for all insured, where instant cash can be pad as an advance up to 50% of eligible MSB surgeries of category 1 & 2.

-Ambulance charges – for surgeries eligible for MSB listed under category 1 and 2. Benefit @Rs 1000 per insured per policy year.

-Premium Waiver Benefit – for surgeries eligible for MSB listed under category 1 & 2. One year premium will be waived.

-Term Assurance Rider- Death Benefit MSB is covered under this policy by payment of additional premium.

-Accidental Benefit Rider-Accidental Death Benefit up to initial MSB is available by payment of additional premium.

-No Claim Benefit – If there is no claim from any insured between two Automatic Renewal date (ARD) 5% of IDB will be added to the ADB from nest ARD for all insured.

For mor details, contact our LIC Agent on +91-9850-674-066.