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LIC Cards, IDFC First & Mastercard Collaborate to Launch Co-Branded Credit Card

Published on December 16, 2023
Current Context: The co-branded credit card by LIC Cards, IDFC First Bank, and Mastercard was launched on Thursday, December 14, 2023.
LIC Cards, IDFC First & Mastercard Collaborate to Launch Co-Branded Credit Card
  • The credit card will be available in two versions: LIC Classic and LIC Select.
  • This collaboration aims to cater to the diverse financial needs of over 27 crore LIC policyholders throughout India.
  • The credit cards will let policyholders 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.
  • Both variants of the card will offer travel benefits, such as complimentary access to lounges at airports and railway stations, and various protective covers such as personal accident insurance.
  • The cards offer low-interest rates starting from 9%, and there are no joining & annual fees.

Question:

Q.1 Who are the collaborators for the launch of the co-branded credit card?
a. LIC Cards, IDFC First Bank, and Mastercard
b. LIC Cards, HDFC Bank, and Visa
c. LIC Cards, Axis Bank, and American Express
d. LIC Cards, ICICI Bank, and Discover

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