LIC launches credit card protection service

LIC credit card holders can now report loss any of their cards from anywhere in the world to a 24-hour helpline launched by LIC Cards Services.
"LIC Cards Services Ltd has launched Card Protection Plan for its credit card customers in partnership with CPP Assistance Services... and it safeguards all of the LIC cardholder's payment cards - credit, debit and ATM cards," the company said in a statement.
It said members will also be able to register their non-financial cards such as store cards, loyalty and membership cards.
Besides, customers will be able to retrieve important details on lost/stolen documents like passport, PAN and driving licence.
CPP said, meanwhile, that to avail of the new service, customers would need to purchase a membership plan offered by LIC and register their cards.
It said membership plans have two offerings with annual fee of Rs 995 and Rs 1,295. "The difference between the two is in the Assistance services limits and fraud protection limits provided to the consumer," it added. People can also opt for a joint membership plan.

LIC Credit Card is a best deal in Credit Card.

Lic of India the world number 1 insurance company has just come in to credit card business along with its channel partner Corporation Bank. LIC of India has more than 1 million agents and 2048 branches in India to sell its LIC Policy and and other products like LIC credit card etc
LIC Card Services will be selecting the best in business as payment gateway channel partner.
Life Insurance Corporation of India will enter into a joint venture to launch its credit card business. Life Insurance Corporation of India (LIC), LIC Card Services - A credit Card company will be setup in compliance with RBI regulations.
LIC Credit Cards Services
With no credit card services, companies would lose on many domestic as well as international transactions. Many companies who do not accept new age credit card system as a payment method are not considered as techno savvy companies. Lic of India has understood that the time is right to launch a credit card as a payment method for all Lic premium payment so that they can remain undisputed leader in the world of Insurance and Investment throughout India
Why you should Apply for a LIC Credit Card
Reputation and Brand Image
Reputation and Brand Image
Financial Control
Online premium payment
No Illegal Recovery Methods