Age Criteria:

General Eligibility:

Income Criteria:

Other Criteria:

• Should be an Indian citizen. Foreign Nationals, NRIs & PIOs are not eligible to apply.
• Should not be a minor or illiterate person.
• Have Permanent Account Number (PAN) issued by Income Tax Department.

Documents to be furnished:
The prospective applicants will be from three different segment as above and hence will have different requirements. However, the requirements can be broadly classified into the following sub groups. They are:

• KYC Requirements including Photo-Identity Proof & Address Proof
• Income or Income-surrogated Documents
• Relationship with LIC proof

Photo-Identity Proof: Copy of PAN Card is a mandatory document. In exceptional cases, where PAN No. is available but PAN Card is not available, one of the following documents may be submitted as alternate ID Proof;
Indian Passport, Driving Licence, Voter ID Card, Aadhar Card, Employment - ID card with photo issued by Government or PSUs, Ration Card with Photo, Copy of Bank Passbook with Photograph issued by nationalized Banks, IRDA Licence with photo, LIC/Group Companies' ID Card. Any document that is submitted as a part of KYC must be within the validity period. No expired documents shall be accepted in this regard.

Address Proof: The following documents shall be accepted as valid Address Proof for all the segments; Indian Passport, Ration Card, Driving Licence, Utility Bills such as Electricity, Telephone, Gas, Water, Postpaid Mobile, House Maintenance Bills etc. (Utility Bills payment date must not be more than 3 months old as on the date of Application). Bank Passbook (at-least one customer induced transaction during last 3 months). Rent Agreement, Lease Agreement, Aadhaar Card, Government / PSUs / LIC / Bank issued Staff Quarter Allotment Letter, Official Identity Card containing Residential Address (In case of Government, PSUs, Employees of LIC & Group Companies and Banks only) LIC Policy Bond, LIC Premium Receipt or Policy Status Report (If current residence address is mentioned). Employer's Certificate in prescribed proforma in case of LIC Employees only. Certified Agency Status Report extracted from LIC's Database through eFEAP Program (in case of LIC Agents only).

Income Proof:
a) LIC Employees: No Surrogated documents are allowed for this segment. Income proof is mandatory, which can be one of the following documents:

• Last 3 month's Salary Slip or 3 months' Salary Certificate issued from Salary Module of Branch eFEAP Program.
• Form 16 of the Current Assessment Year.
• Latest submitted ITR.

b) LIC Agents:
i) Income Documents: One of the following two documents

• Form 16-A of the Current Assessment Year (Immediately preceding FY).
• Latest submitted ITR.

ii) Income-Surrogated Documents: No separate Income Proof is mandatory for this segment. All eligible Clubmember Agents are to submit Certified Agency Status Report showing the Club Membership Status in lieu of Income Proof.
c) LIC Policyholders:
i) Salaried Segment: One of the following documents;

• Three month's Salary Slip or Three month's Salary Certificate.
• Form 16 of the Current Assessment Year (Immediately preceding FY).
• Latest submitted ITR.

ii) Self Employed Segment: Both the following documents are required.

• Latest submitted ITR.
• Last 6 months Bank Statement.

iii) HNI Segment (GC):

No separate Income Proof is mandatory for this segment. All eligible policies (Non single premium, In-force/Fully Paid-Up, 3 Years or more duration) Certified Status Reports or Premium Receipts are to be submitted in lieu of Income Proof. A multiplier factor of 10 will be used to arrive at the Notional Income for this segment (Total Annual Non-single Premium X 10 = Notional Net Annual Income). However, depending on eligibility, Income Proof as mentioned above may additionally be submitted. In case, additional income proof is submitted, higher of the actual income & notional income shall be considered while determining the Net Annual Income.

In case the income proof does not clearly show Net Annual Income, then 80% of the gross income shall be treated as Net Annual Income. For Example: Form 16, Form- 16A, ITR may not disclose the deductions. In such cases, 80% of Gross Annual Income shall be treated as Net Annual Income. In case of Salary Slip, 12 times of Average Monthly Net Income shall be considered as Annual Net Income.

Handwritten Salary Slip shall be accepted only in case of Government/PSU Employees. However, the same must be signed & stamped by Authorized Signatory.

For self employed, ITR should be in the name of individual and not in the name of the company / firm.

Electronically/web-based submitted ITR shall also be accepted.

Relationship Proof:

i) LIC Employees: One of the following documents to be submitted.

• Identity Card Issued by LIC of India/Group Companies.
• Employer's Certificate in prescribed proforma

ii) LIC Agents:

• Certified Agency Status Report extracted from LIC's Database through eFEAP Program.

iii) LIC Policyholders: One of the following documents to be submitted.

• Copy of LIC Policy Bond
• LIC Premium Receipt
• Policy Status Report.

• • Interest rate for revolving credit - 3.00% p.m. [Annualized 36%]
  • 5 years validity
  • Photo Card with Signature of the Cardholder.
  • Max. three add on cards
  • Cash withdrawal upto 10% of the limit
  • Interest free Credit Period - minimum 15 days to maximum 45 days.
  • Personal Accident Insurance.
  • Purchase Protection of maximum ₹ 50,000/- upto 60 days.
  • Credit Shield of upto Rs.50,000/- in case of Permanent Disability. (subject to terms and conditions)
  • One reward point for every Rs.150 spent. 1 Reward point = Rs0.50.Rewards Points adjustable against outstanding amount or request before 30th June every year over & above 500pts
  • Billing Date - 21st of every month
  • Payment due date 5th of every month