Life insurance corporation of India has the pulse of Indian clients and that is the reason, it is way ahead of its competitors. Now it has launched the Lic credit card which will be carried by customers as well as LIC employees which is comes from a combination of LIC and Axis bank.
This LIC credit card’s payment process will be done by the Axis Bank for LIC customers. These plastic cards on Visa Platinum, Visa Gold, MasterCard Titanium, and Visa Signature Credit Card will have all the feature like worldwide acceptance, cash withdrawals, interest less credit period and even fuel surcharge. Due to loss of card the LIC takes care of insurance to cardholders. The loss and drawback of LIC had made the private insurers to learn to compete.
At least we can say that we have a public sector giant which has helped govt a number of to support market whenever there was a free fall and obviously it has left its competition way behind as knowing the people is a must and it has a vast network of 6,28,301 dedicated agents, and nearly 2048 branches around the nation.
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