LIC Axis Bank Signature Credit Card
Restricted Amazon Shopping vouchers: 2 points/₹100 official LIC premium; 1 point/₹100 eligible base; whole ₹500 vouchers only, no flat cashback percentage
Try your spend →Restricted voucher floor, not statement cash
One entered eligible direct-card, non-EMI purchase is repeated once each cycle for twelve cycles. The dedicated LIC premium chip prices only online payments through official LIC premium payment gateways, not third-party applications: 2 points per complete ₹100. Eligible Amazon, Flipkart, Myntra, other shopping and grocery purchases use a conservative base of 1 point per complete ₹100. The calculation floors complete ₹100 blocks for each individual purchase; splitting spending can change the floor. No earn cap is stated in the checked terms, not a guarantee of unlimited rewards. This is not statement cashback or a flat percentage return. The named catalogue lists a ₹500 Amazon Shopping voucher, product AXLIC032, for 500 points on this variant. Twelve-cycle points buy only whole ₹500 vouchers in one redemption request before the oldest points expire. One ₹30 plus estimated 18% GST handling charge (₹35.40) is deducted only when at least one voucher can be redeemed; below threshold the redeemable voucher floor is zero. Unredeemed points are given zero value. Monthly figure is annual net voucher-use value divided by twelve, not a monthly payout. Full use of restricted vouchers is an illustrative assumption, not guaranteed cash-equivalent value. Voucher inventory, merchant restrictions and changing catalogue values can reduce actual use. Points expire after twelve months from accumulation; redeem before the oldest points expire, allowing for posting and redemption processing. No starting balance, other spend, refunds or reward reversal is assumed. The Signature product page says reward-point redemption fee "No", but the linked LIC rewards terms charge ₹30 plus GST per request. This conflict is not resolved: the floor deducts the adverse ₹35.40 charge rather than assuming free redemption. Current product pages and the 17 September 2026 KFS list nil card fees; other charges can still apply. Utilities and telecom, education, rent, wallets, government, gold and jewellery, fuel, cash advances, repayments, gift-card purchases and bridge/road/tolls are excluded or unpriced. All UPI, EMI, foreign-currency bonuses, lounge visits, welcome benefits, fuel relief and other routes are unpriced, not necessarily absent. Network is unspecified without verified named issuer evidence. Pay in full; interest and other charges can erase returns.
Redemption thresholds and fee conflict
The Signature product page says reward-point redemption fee "No", but the linked LIC rewards terms charge ₹30 plus GST per request. This conflict is not resolved: the floor deducts the adverse ₹35.40 charge rather than assuming free redemption. No handling charge is deducted when no voucher is redeemed. Nil card fees do not mean all transactions are free.
Twelve-cycle examples
One ₹1,155 official-gateway premium per cycle earns 22 points, 264 points over twelve cycles: below the 500-point voucher threshold, so zero redeemable voucher floor. One ₹25,000 premium per cycle earns 500 points, 6,000 points over twelve cycles. Whole ₹500 Amazon Shopping vouchers, less one ₹35.40 handling charge, give ₹5,964.60 annual net voucher-use value. Base shopping earns half as many points per complete ₹100; splitting purchases changes the floor. Redeem before oldest points expire; residual points and unpriced perks are not valued.
Issuer sources
Named product, earn rates and fees · Current LIC reward terms and catalogue · 17 September 2026 KFS · June 2025 Signature exclusions · August 2026 gift-card and toll exclusions
Checked 2 October 2026. Network unspecified; all UPI unpriced. Only eligible personal purchases modeled.