Base reward rate: Earn 10x points on LIC premiums (2.5% effective) and 5x points (1.25% effective) on most other spends including grocery, utility, and travel.
Redemption options: flights, cashback, vouchers
Redemption value: 1 Pt = ₹0.25
Fees & Charges
Joining fee: 0
Annual fee: 0
Pros
Earn 10 times reward points on payment of LIC premiums
Earn five times reward points utility, grocery, railway payments, education and government payments
Earn one complimentary domestic airport lounge access every quarter
Get personal accident cover worth Rs. 5 lakh
Get lost card liability cover worth Rs.50,000
Earns rewards on utility bill payments (5x rate)
Earns rewards on education fee payments (5x rate)
Cons
The 1% fuel surcharge waiver is highly restrictive, as it only applies to transactions between ₹200 and ₹500, making it impractical for most car fuel purchases.
Domestic airport lounge access is not guaranteed and is conditional upon spending at least ₹5,000 in the previous quarter, which may be a drawback for infrequent users.
Unsuitable for international use due to a high forex markup fee of 3.50% and the complete absence of complimentary international lounge access.
Best Use Case
Individuals who frequently pay LIC premiums and seek rewards on utility, grocery, and other daily expenses.