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Travel Shopping Airport Lounge

4.4/5 Editorial Score

LIC IDFC Select Credit Card

Lifetime Free RuPay Card with Accelerated LIC Insurance Rewards & Lounge Access

Best Suited For

LIC policyholders paying regular premiums who desire a lifetime free credit card with UPI payments and airport lounge access.

Travel Shopping Airport Lounge

Joining Fee

Free

One-time upfront

Annual Fee

Free

Lifetime Free — no renewal fee

Base Rewards

10X RPs for LIC Insurance Spends. 5X RPs for Spends on Utilities, Education, Groceries, and Railways

On eligible spends

Airport Lounge

8 Domestic visits/year · ₹20k monthly spend required

Complimentary visits

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See where this card gets lounge access

Last verified 3 Oct 2026

Why Consider This Card?

Objective editorial assessment, ideal spender profile, and primary trade-offs

Editorial Verdict

4.4/5 Editorial Score

The LIC IDFC Select Credit Card is a feature-rich, Lifetime Free (LTF) co-branded credit card created through an alliance between IDFC FIRST Bank and LIC Cards Services. Built on the RuPay Select network, it seamlessly links with popular UPI apps while ensuring cardholders never pay joining or recurring annual maintenance fees. For LIC policyholders, the card is particularly potent, offering 2X reward points on all LIC insurance premium payments. Furthermore, it incorporates IDFC FIRST Bank's signature rewards structure: 10X reward points on incremental spending above ₹20,000 per month and on birthday spending, and points that never expire. Travelers also gain complimentary domestic airport lounge access (subject to quarterly spends of ₹5,000) and railway lounge visits. Combined with industry-low dynamic interest rates starting at just 9% p.a., this card is one of India's best zero-fee co-branded propositions.

Ideal For:LIC policyholders paying regular premiums who desire a lifetime free credit card with UPI payments and airport lounge access.

Travel Shopping Airport Lounge

Card Strengths

100% Lifetime Free: Zero joining fee and zero annual renewal fee for life with no spend conditions attached.
RuPay UPI Convenience: Seamless linkage to UPI apps for swift scan-and-pay payments from credit line.
2X on LIC Premiums: Double reward points on recurring LIC insurance premium payments paid through official channels.
10X Spend Accelerators: 10X reward points on monthly incremental spends exceeding ₹20,000 and on birthday spends.
Airport & Railway Lounges: Complimentary domestic airport lounge access (₹5k quarterly spend) plus 4 railway lounge visits per quarter.

Things to Keep in Mind

Spend Threshold for Lounge: Domestic airport lounge visits require achieving ₹5,000 minimum spend in the previous quarter.
Standard 3.5% Forex: Forex currency markup of 3.50% applies to all foreign transactions.
Cash Advance Interest: ATM cash withdrawals attract finance charges from the date of withdrawal.
Reward Point Value: Base reward value is ₹0.25 per point, yielding 0.75% on standard general retail spending.

Additional Cardholder Privileges

Rewards

10X RPs for LIC Insurance Spends. 5X RPs for Spends on Utilities, Education, Groceries, and Railways

Welcome

Welcome Benefit 1

2,000 Reward Points on Spending Rs. 10,000 Within 30 Days of Card Issuance

Rewards & Cashback Structure

Base earning rates, partner merchant acceleration, redemption options, and exclusions

Reward Program Name: LIC IDFC FIRST Select Rewards
Reward Currency: Reward Points
Base Earn Rate: 10X RPs for LIC Insurance Spends. 5X RPs for Spends on Utilities, Education, Groceries, and Railways
Point Value (INR): ₹0.2500 per point
Redemption Channels: Refer to bank rewards portal
Reward Point Expiry: Refer to bank rewards program terms

Category Accelerated Earn RatesPublished Terms

Spend Category	Earn Rate	Reward Cap	Conditions
LIC Insurance Premium Spends	10X Reward Points (2.50% Valueback)	No Cap	Standard terms apply
Welcome Benefit	2,000 bonus Reward Points on spending ₹10,000 within 30 days of card issuance	No Cap	Standard terms apply
Other Retail Spends	5X Reward Points (5 RP per ₹100 spent = 1.25% valueback)	No Cap	Standard terms apply
Grocery, Utilities, Railways & Education	5X Reward Points (5 RP per ₹100 spent = 1.25% valueback)	No Cap	Standard terms apply

Featured Merchant HubsAll Merchants

Life Insurance Corporation (LIC) Hub

Estimate Your Custom Monthly Rewards

Calculate estimated net cashback and points across your actual spending pattern.

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Reward Exclusions: Fuel transactions, wallet loading, cash withdrawals, rent payments, educational payments, and government services are generally excluded from base and accelerated reward point accrual across all Indian card issuers.

Reward Calculator

Estimate Your Annual Rewards

Estimate your rewards using the card's current reward rates, monthly caps and applicable fee-waiver rules.

Verified Rates & Caps

Quick Select:

Total Monthly Spend:₹30,000 / month

₹5,000 / mo₹1 lakh / mo₹2 lakh / mo

Category Spend Allocation

Customize monthly spend in each category. Category amounts sum directly to your monthly spend.

Assumed spend distribution

LIC Insurance Premium Spends10.00%

No published cap

₹

Welcome Benefit5.00%

No published cap

₹

Other Retail Spends1.25%

No published cap

₹

Grocery, Utilities, Railways & Education1.25%

No published cap

₹

Excluded / Non-Reward Spends0%

Fuel, rent, wallet, govt, cash

₹

Category / Reward Bucket	Monthly Spend	Rate	Effective Rate	Cap Period	Eligible Reward	Cap Status
LIC Insurance Premium Spends	₹4,000	10X Reward Points (2.50% Valueback)	—	None	Calculating...	Under cap
Welcome Benefit	₹4,000	2,000 bonus Reward Points on spending ₹10,000 within 30 days of card issuance	—	None	Calculating...	Under cap
Other Retail Spends	₹18,000	5X Reward Points (5 RP per ₹100 spent = 1.25% valueback)	—	None	Calculating...	Under cap
Grocery, Utilities, Railways & Education	₹4,000	5X Reward Points (5 RP per ₹100 spent = 1.25% valueback)	—	None	Calculating...	Under cap
Total Monthly Cashback	₹30,000	-	—	-	₹0 / mo	Zero cap loss

Annual Spends

₹3.6 lakh

12 billing cycles

Annual Capped Rewards

₹0

0% blended return

Effective Fee

₹0

Standard renewal

Net Annual Value

+₹0 / yr

Rewards - Fee

*Calculation based on verified card reward rates, applicable monthly caps, and fee-waiver thresholds (fee waived).

Multi-card comparator

Airport Lounge Access

Domestic and international lounge privileges, spend hurdles, and participating terminals

Domestic Lounge Access

Airports within India

Included

Complimentary Visits: 8 complimentary visits per year
Spend Requirement: ₹20,000 per Previous Month

Mastercard network co-branded with IDFC FIRST Bank. 2 complimentary domestic airport lounge visits per calendar quarter (8/year), conditional on min Rs 20,000 spend in preceding calendar month.

International Lounge Access

Global airports outside India

None

Complimentary Visits: Not available
Spend Requirement: Unavailable
Access Type: International Lounge Program

Planning an upcoming departure?

Verify this card against live departure gates and specific terminal lounges across India.

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Where can I use this card for airport lounge access?

This card includes complimentary admission across verified Indian airport terminals. Check individual terminal lounges and spend criteria before you travel.

See where this card gets lounge access

Airport Lounge Checker

Domestic Allowance8 Domestic visits/year · ₹20k monthly spend required

Airport Coverage40+ Major Indian Airports

Lounge DirectoryView All Lounge Coverage

Representative Major Airport Lounges:

Delhi (DEL)Mumbai (BOM)Bengaluru (BLR)Hyderabad (HYD)Chennai (MAA)Kolkata (CCU)All 40+ Airports →

Fees & Charges

Complete breakdown of joining, renewal, forex, financing APR, and transaction charges

1. Card Membership Fees

Joining Fee (1st Year): Free
Annual / Renewal Fee (2nd Year Onwards): Free
Annual Spend Fee Waiver: Lifetime Free — no renewal fee
Fee Terms Notes: Co-branded with IDFC FIRST Bank on RuPay Select / Visa; Lifetime Free (₹0 joining and annual fees); 10X rewards on LIC insurance premium payments; 8 domestic airport lounges + 16 railway lounges

2. International Spends

Foreign Currency Markup (Forex): 3.50% + GST
Dynamic Currency Conversion (DCC): Standard 1% mark-up on cross-currency INR transactions where applicable

3. Borrowing & Financing

Monthly Interest Rate (Finance Charges): 0.75% per month
Annualized Interest Rate (APR): 9.00% p.a.
Cash Advance / ATM Withdrawal Fee: Refer to official schedule of charges
Interest-Free Period: Up to 50 Days

4. Other Charges & Taxes

Late Payment Charges: Refer to official schedule of charges

Regulatory Tax Notice: Goods and Services Tax (GST) of 18% is applicable on all card fees, interest charges, and milestone fees as mandated by the Government of India.

Verified Terms & Exclusions Summary

• Lifetime Free (LTF): ₹0 joining fee and ₹0 annual renewal fee with no conditional minimum spending requirement. • RuPay UPI Integration: Linkable to BHIM, Google Pay, PhonePe, and Paytm for merchant UPI QR code scan-and-pay transactions. • LIC Insurance Multiplier: 2X reward points on LIC insurance premium payments made directly on LIC channels. • Incremental 10X Rewards: 10X reward points on retail spending crossing ₹20,000 in a statement cycle, and on birthday spends. • Domestic Lounge Access: Complimentary domestic airport lounge access (subject to ₹5,000 quarterly retail spending criteria). • Railway Lounges: 4 complimentary railway lounge visits per quarter across major Indian railway junctions. • Never-Expiring Rewards: Reward points have lifetime validity with 1 Reward Point equal to ₹0.25 on redemption. • Dynamic Low APR: Interest rates range dynamically from 9.00% to 42.00% p.a. (0.75% to 3.50% per month) based on credit profile.

Is the Annual Fee Worth It?

Evaluate whether this card's perks and waiver threshold justify its Free renewal fee.

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Eligibility & Application Requirements

Income criteria, minimum age, CIBIL score benchmark, and verification checklist

Eligibility criteria not specified

Verified eligibility criteria are not currently available for this card. Check the issuer's latest terms before applying.

Mandatory Verification Documents

1. Identity ProofPAN Card (Mandatory), Aadhaar Card, Passport, or Voter ID.

2. Address ProofAadhaar (DigiLocker), Utility Bill (Electricity/Piped Gas), or Rental Agreement.

3. Income ProofLatest 3 months salary slips, Form 16, or latest 2 years ITR computation.

Frequently Asked Questions

Common questions regarding LIC IDFC Select Credit Card application, fees, reward redemption, and eligibility

Is the LIC IDFC Select Credit Card truly Lifetime Free?

Yes, the LIC IDFC Select Credit Card has ₹0 joining fee and ₹0 annual fee for life. There are no spending conditions required to keep the card free.

Can I use the LIC IDFC Select Credit Card for UPI payments?

Yes, because the card is issued on the RuPay Select network, you can link it directly to any UPI application like Google Pay, PhonePe, Paytm, or BHIM to pay merchants by scanning QR codes.

What rewards do I earn on LIC insurance premium payments?

Cardholders earn 2X reward points on LIC insurance premium payments paid through the card, giving policyholders valuable returns on necessary recurring insurance policies.

What are the rules for accessing airport lounges with this card?

Complimentary domestic airport lounge access is available on achieving a minimum retail spend of ₹5,000 in the preceding calendar quarter, a standard requirement for IDFC FIRST Bank credit cards.

What is the joining and annual renewal fee for LIC IDFC Select Credit Card?

The joining fee for LIC IDFC Select Credit Card is Free (one-time), and the annual renewal fee is Free from the second year onwards. GST of 18% is applicable on all fee charges.

Can the annual fee on LIC IDFC Select Credit Card be waived?

LIC IDFC Select Credit Card is a Lifetime Free credit card with no annual renewal fee, so no spend-based waiver is required.

What are the primary rewards and cashback earn rates on LIC IDFC Select Credit Card?

LIC IDFC Select Credit Card offers 10X RPs for LIC Insurance Spends. 5X RPs for Spends on Utilities, Education, Groceries, and Railways. Cardholders also enjoy accelerated reward rates on partner merchants and selected digital spend categories.

Does LIC IDFC Select Credit Card offer complimentary airport lounge access?

Yes, LIC IDFC Select Credit Card provides 8 Domestic visits/year · ₹20k monthly spend required.