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IDFC FIRST LIC Classic Credit Card
Mastercard
IDFC FIRST LIC Classic Credit Card
A lifetime-free co-brand card built jointly by IDFC FIRST Bank, LIC Cards and Mastercard specifically for LIC's policyholder base — its entire hook is accelerated rewards on LIC premium payments (6X points, roughly 4.8% back) alongside IDFC FIRST's already-strong base perks of zero forex markup and lifetime-free lounge access, making it one of the only genuinely insurance-premium-first cards in the market.
Rates and fees last verified 15 July 2026 · No bank pays us to rank higher.
Annual fee
₹0
Joining fee
₹0
Reward type
points
Base reward rate
0.8%
Card network
Mastercard
Card tier
Entry
Who this card fits
Best suited to applicants who clear the standard eligibility bar whose spend is concentrated in utilities. It's a lifetime-free card with no fee to track.
Benefits by category
- 🛒 Groceries
2.4% reward rate
- ✈️ Travel
8 complimentary domestic airport lounge visits per year plus 4 railway lounge accesses
- 🛡️ Insurance
Personal accident cover up to ₹5 lakh and lost-card liability cover up to ₹50,000
- 🧾 Utilities
2.4% reward rate
- 🌍 Forex / international spend
0% forex markup on international transactions
Eligibility
- Minimum monthly income: ₹25,000
- Employment: salaried, self-employed
- Age: 21–60
Benefits
- Personal accident cover up to ₹5 lakh and lost-card liability cover up to ₹50,000
- 6X reward points (about 4.8% value-back) specifically on LIC insurance premium payments made via the LIC portal or IDFC FIRST app
- 8 complimentary domestic airport lounge visits per year plus 4 railway lounge accesses
Pros
- + 6X reward points (~4.8% effective value) specifically on LIC insurance premium payments — a category almost no other card accelerates
- + Zero joining and annual fees for life, with zero forex markup on top
- + 8 domestic lounge visits and 4 railway lounge visits a year even on the free entry variant
- + Bundled personal accident and lost-card liability cover reinforces the insurance-linked positioning
Cons
- − The accelerated 6X rate has little value for anyone who doesn't hold an LIC policy
- − Base reward rate (0.8%, ~2.4% on bonus categories) trails dedicated cashback cards for general spending
- − Lower interest-free period than some competitors given IDFC FIRST's daily-reducing-balance interest structure on revolved amounts