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4.3/5 Editorial Score

LIC Lumine Credit Card by IDBI

Insurance Premium Rewards Credit Card with 3X Points & ₹5 Lakh Accidental Cover

Best Suited For

LIC policyholders, annual insurance premium payments, grocery shopping, and zero-maintenance financial security.

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Joining Fee

Free

One-time upfront

Annual Fee

Free

Lifetime Free — no renewal fee

Base Rewards

3 Delight Points for every ₹100 spent on eligible transactions

On eligible spends

Forex Markup

3.50% + GST

Cross-currency spends

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Last verified 3 Oct 2026

Why Consider This Card?

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

Editorial Verdict

4.3/5 Editorial Score

The LIC Lumine Credit Card by IDBI is a purpose-designed co-branded credit card engineered specifically for the millions of policyholders who pay insurance premiums to Life Insurance Corporation of India (LIC). Issued 100% Lifetime Free (LTF) with zero joining and zero recurring annual renewal charges, the card transforms routine premium outlays into valuable Delight reward points. Cardholders earn an accelerated 3 Delight Points per ₹100 spent on LIC policy premium payments, 2 points per ₹100 on grocery and departmental stores, and 1 point per ₹100 on all other eligible categories. Because premium payments are notoriously excluded from rewards by most private banks, Lumine fills a crucial consumer void. Furthermore, it provides a complimentary personal accidental insurance cover of up to ₹5,00,000 and a 1% fuel surcharge waiver across India. Who should consider it: Any household that pays substantial quarterly or annual LIC insurance premiums and wants a 100% free card that reliably rewards those payments. Who should avoid it: High-frequency domestic or international flyers looking for airport lounge access, luxury concierge, or premium hotel memberships.

Ideal For:LIC policyholders, annual insurance premium payments, grocery shopping, and zero-maintenance financial security.

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Card Strengths

Lifetime Free Membership: 100% Lifetime Free credit card with zero joining fee and zero annual maintenance charges.
3X Points on LIC Premiums: Earn 3 Delight Points per ₹100 spent on Life Insurance Corporation of India policy premium payments.
2X Points on Groceries: Earn 2 Delight Points per ₹100 spent on daily grocery shopping and supermarket purchases.
₹5 Lakh Accident Cover: Complimentary personal accident insurance cover of ₹5,00,000 included with card membership.
1% Fuel Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹400 and ₹4,000, capped at ₹400 per month.

Things to Keep in Mind

No Airport Lounge Access: Does not include complimentary domestic or international airport lounge visits.
Standard 3.50% Forex Markup: Standard 3.50% foreign exchange markup on overseas transactions.
Modest Base Reward Rate: Non-insurance, non-grocery spending earns a basic reward rate of 1 point per ₹100.
Delight Points Catalog: Reward points must be redeemed through the IDBI Delight Points portal or statement credit.

Additional Cardholder Privileges

Rewards

3 Delight Points for every ₹100 spent on eligible transactions

Welcome

Welcome Benefit 1

1,000 Delight Points on spending ₹10,000 within 60 days of card issuance

Rewards & Cashback Structure

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

Reward Program Name: IDBI Delight Points (LIC Lumine)
Reward Currency: Reward Points
Base Earn Rate: 3 Delight Points for every ₹100 spent on eligible transactions
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	6 Delight Points (1.50% Valueback)	No Cap	Standard terms apply
Welcome Benefit	500 points on card activation + 500 points on transaction of ₹2,000+ within 30 days	No Cap	Standard terms apply
Other Retail Spends	3 Delight Points per ₹100 spent (0.75% 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.

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Estimate Your Annual Rewards

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

Verified Rates & Caps

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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 Spends6.00%

No published cap

₹

Welcome Benefit5.00%

No published cap

₹

Other Retail Spends0.75%

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	₹6,000	6 Delight Points (1.50% Valueback)	—	None	Calculating...	Under cap
Welcome Benefit	₹6,000	500 points on card activation + 500 points on transaction of ₹2,000+ within 30 days	—	None	Calculating...	Under cap
Other Retail Spends	₹18,000	3 Delight Points per ₹100 spent (0.75% 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).

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Airport Lounge Access

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

No Airport Lounge Access Included

This card is tailored primarily for shopping rewards, cashback, or specific co-branded spend and does not include complimentary airport lounge visits.

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 IDBI Bank on RuPay Platinum / Visa Platinum; Lifetime Free (₹0 joining and annual fees); 2X Delight points on LIC premiums

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): 0.27% per month
Annualized Interest Rate (APR): 3.25% 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

• Eligibility: Salaried and self-employed Indian residents aged 21–65 with a minimum annual income of ₹2.5 Lakhs. • Joining & Annual Fee: ₹0 (Lifetime Free with no hidden charges or recurring renewal costs). • LIC Premium Acceleration: 3 Delight Points per ₹100 spent on LIC insurance premium payments. • Grocery Spends: 2 Delight Points per ₹100 spent on groceries and departmental store retail. • Base Rewards: 1 Delight Point per ₹100 spent on all other eligible retail transactions. • Insurance Protection: Complimentary Personal Accident Insurance cover of up to ₹5,00,000 for primary cardholders. • Fuel Surcharge: 1% fuel surcharge waiver for transactions between ₹400 and ₹4,000 (maximum waiver ₹400 per month).

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 Lumine Credit Card by IDBI application, fees, reward redemption, and eligibility

Is the LIC Lumine Credit Card by IDBI lifetime free?

Yes, the LIC Lumine Credit Card is 100% Lifetime Free (LTF) with zero joining fee and zero recurring annual fees.

Do LIC premium payments earn reward points on this card?

Yes! While most banks exclude insurance from reward programs, the LIC Lumine card specifically rewards LIC policy payments with 3 Delight Points per ₹100 spent.

What insurance coverage is provided with LIC Lumine?

Cardholders receive a complimentary personal accidental insurance cover of up to ₹5,00,000 for primary cardholders, provided through IDBI Bank and LIC Cards.

Can I use the LIC Lumine card for grocery shopping?

Yes, you earn an accelerated 2 Delight Points per ₹100 spent on grocery stores and departmental supermarket purchases across India.

What is the joining and annual renewal fee for LIC Lumine Credit Card by IDBI?

The joining fee for LIC Lumine Credit Card by IDBI 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 Lumine Credit Card by IDBI be waived?

LIC Lumine Credit Card by IDBI 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 Lumine Credit Card by IDBI?

LIC Lumine Credit Card by IDBI offers 3 Delight Points for every ₹100 spent on eligible transactions. Cardholders also enjoy accelerated reward rates on partner merchants and selected digital spend categories.

Does LIC Lumine Credit Card by IDBI offer complimentary airport lounge access?

No, LIC Lumine Credit Card by IDBI is designed for daily retail, cashback, or UPI spend and does not currently include complimentary airport lounge visits.