LIC Cards has partnered with IDFC FIRST Bank and which other company to launch an exclusive co-branded credit card to meet the dynamic financial needs of India including up to Rs. 50,000 cover for lost card liability and a personal accident insurance cover of up to Rs. 5 lakh ?

Solution

IDFC FIRST Bank, LIC Cards and Mastercard have collaborated to launch an exclusive co-branded credit card to meet the dynamic financial needs of India. Loaded with many exciting benefits such as no joining & annual fees and low interest rates starting from 9% p.a., the new card has been designed to bring value to consumers of varied age groups across the country. Available in two variants – LIC Classic and LIC Select, the credit cards will provide more than 27 crores policyholders across the country an opportunity to save in the form of reward points on every LIC insurance premium payment. It will also come with other benefits, including up to Rs. 50,000 cover for lost card liability and a personal accident insurance cover of up to Rs. 5 lakh.