NDTV Profit reports that Life Insurance Corporation of India (LIC) has launched its credit cards, in tie up with Karnataka-based Corporation Bank which would be the card-issuer.
LIC Managing Director D K Mehrotra said
We have launched our credit card today. The card would be like other credit cards but we will also offer value-added services like payment of premiums for our policy-holders.Initially, we will be offering cards to our policy-holders which will enable them to pay their premiums using the card. Policy-holders can pay their premiums from outstation also through the card which would reduce their bank charges.
It's a separate company - LIC Credit Cards Services.The company would be headed by its Director and Chief Executive Hemant Bhargav.
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