IDFC FIRST Bank · mid

LIC Select Credit Card

A lifetime-free LIC co-branded points card with no forex markup: 10 points per ₹125 on LIC premiums paid on licindia.in, 5 per ₹125 on other spends (essentials capped at 600 points a month), none on fuel, rent or other insurers; 1 point = ₹0.25. Every figure below is copied from IDFC FIRST Bank’s own documents; open a figure’s source link to read it there. Official terms last checked 2026-10-16.

Check it against my spending Issuer’s page

Fees and charges

Joining fee	Nil Product page
Annual fee	Nil Product page
Annual fee waiver	Not needed
GST on fees	As applicable (18% assumed in calculations)
Foreign-currency markup	None (0%) Product page
Reward redemption fee	₹99 plus GST MITC

Rewards

Reward points, ₹0.25 each when redeemed as stated Product page.

Spend	Earns	Cap
5 points per ₹125 on groceries, utilities, railways, FASTag, education and government (up to 600 points a month)	5 points per ₹125 Product page	up to 600 points a month Product page
5 points per ₹125 on other spends	5 points per ₹125 Product page	no cap on record

LIC premiums paid on licindia.in earn 10 points per ₹125 (first 5 premiums a statement cycle); CardWise lists this as a highlight and counts other insurance as earning nothing. Points are valid for 3 years and are reversed if the minimum amount due is not paid.

No rewards on

Fuel, rent and insurance premiums other than LIC (and EMI, cash withdrawals) Product page

Benefits

Lounges: 2 domestic airport lounge visits a quarter Product page
Fuel: 1% fuel surcharge waived on fills of ₹200 to ₹5,000, up to ₹300 a month Product page
Welcome: 2,000 points on ₹10,000 of spend within 30 days of the card being issued Product page

Also on this card

Quoted from IDFC FIRST Bank; not counted in the net value.

10 points per ₹125 on LIC premiums paid on licindia.in (2.0% back), first 5 premiums a cycle Product page
Hotels booked in the IDFC FIRST app earn 45 bonus points per ₹125, flights 20 Product page
5% cashback up to ₹1,000 on the first EMI within 30 days Product page
Roadside assistance worth ₹1,399 Product page
Personal accident cover of ₹5 lakh, air accident cover of ₹1 crore, lost-card cover of ₹50,000 Product page
Travel insurance of ₹4,000 each for baggage, passport and flight delay Product page

Eligibility

The issuer does not publish its criteria on the pages read. Approval is its own decision.

Not published by IDFC FIRST Bank in the documents read

the card network
eligibility criteria (income, age); existing IDFC FIRST credit cardholders cannot apply
the spend needed to unlock lounge visits (the privileges document text is not readable)

The quotes behind the figures

28 figures, each copied from an official IDFC FIRST Bank document.

Show every quote and source

“There is absolutely no Joining/ Membership/ Annual fee applicable on LIC IDFC FIRST Bank Credit Cards. Your card is free for life.”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“Lifetime Free Zero joining fee and Zero annual fee”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“The LIC IDFC FIRST Bank Credit Cards provide ZERO forex markup.”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“1X = 1 Reward point per ₹125 spent | 1 Reward point = ₹0.25”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“5X Rewards on Essentials (Grocery, Utilities, Railways, FASTag, Education and Government payments) up to 600 RP per month”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“5X Rewards on all Other spends”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“Reward program not applicable on Fuel, Rental, Non-LIC Insurance spends, EMI transactions & Cash withdrawals.”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“Markup Charges on Foreign currency transactions and NIL Dynamic & Static Currency Conversion Transactions**”
Most Important Terms & Conditions - Credit Cards · IDFC FIRST Bank · checked 2026-10-16

“Rewards on LIC Insurance premium spends will be applicable only if Insurance premium is paid through LIC Of India’s official website i.e. https://licindia.in /”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“Maximum of first 5 LIC insurance premium payments in a statement cycle are eligible for accelerated Reward Points.”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“If you fail to pay at least the Minimum Amount Due by the Payment Due Date, Reward Points will not be applicable for that billing cycle.”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“Rewards earned on LIC IDFC FIRST Bank Credit Cards have a validity of 3 years.”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“Earn Bonus 20% Reward Points on hotel bookings”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“Purchase Protection Cover & Credit Shield Cover of ₹25,000 each”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“Existing IDFC FIRST Bank Credit Cardholders are not eligible to apply for LIC IDFC FIRST Bank Credit Card”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“I do not have a LIC Policy, Can I apply for LIC IDFC FIRST Credit Cards? Yes”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“Air Accident cover of ₹1 Crore”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“Reward Redemption Fee `99 per redemption transaction*”
Most Important Terms & Conditions - Credit Cards · IDFC FIRST Bank · checked 2026-10-16

“2 complimentary Domestic Airport Lounge access per quarter”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“Fuel surcharge waiver of 1% , at all fuel stations across India, up to ₹300/month. *Applicable only on transaction values between ₹200 & ₹5000”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“2,000 Rewards on spending first ₹10,000 within 30 days of card generation”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“10X Rewards on LIC Insurance Premium spends”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“By booking through IDFC First Mobile app, earn 45/₹125 Bonus Reward Points on hotel bookings & 20/₹125 Bonus Reward Points over and above your base rewards”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“5% cashback (up to ₹1000) on the transaction value of first EMI done within 30 days of card generation”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“Complimentary Roadside Assistance worth ₹1,399”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“Personal Accident Cover of ₹5,00,000 and Lost Card Liability Cover of ₹50,000 valid on doing at least one transaction on LIC Select Credit Card in last 30 days”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“Travel Insurance cover of ₹4,000 each on Loss or Delay of Checked-In Baggage, Loss of Passport & other documents and Delay in Flight”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

“Accelerated rewards on LIC Premium payments, online and offline spends; Domestic airport lounge access and more! Apply Now”
LIC Select Credit Card | LIC IDFC FIRST Credit Cards | IDFC FIRST Bank · IDFC FIRST Bank · checked 2026-10-16

Terms change, sometimes without notice. Read the issuer’s current terms before applying. CardWise has no affiliate arrangement with IDFC FIRST Bank or any issuer. Issuer names and logos belong to their owners and are shown only to identify each card’s issuer; CardWise is not affiliated with any issuer. The logo is IDFC FIRST Bank’s own file from its website, unaltered, fetched 2026-10-15. Methodology