Facilities -
1. Personal Accident Coverage - Rs.1 lakh for Classic cards and Rs.5 lakhs for Gold cards.
2. Purchase Protection - All merchandise of value Rs.5000 or more purchased through the LIC Cards stand insured against damage or loss due to fire or theft, up to a limit of Rs.50,000 for a period of one year from the date of purchase.
3. Credit Shield facility - In the unfortunate event of Accidental death, the cardholder's liability will be treated as repaid, up to a balance of Rs.50,000.
4. Lost card Liability - On reporting of loss / theft of the card, the cardholder shall be protected from any financial liability arising out of transactions done on the lost/stolen card from the time of reporting the loss/theft.
Please also read the terms and conditions.