LIC launched credit card

Life Insurance Corporation of India launched its white-labelled credit card on Monday. Initially, the card will be issued in Mumbai and New Delhi on a limited scale, a press release issued by the company said. The credit card would be launched by LIC's subsidiary LIC Cards Services Ltd (LIC CSL) and would be managed by the Corporation Bank.

The card is a VISA-branded card valid internationally and would also have the photo of the cardholder and signature digitally imprinted on the card for greater security, the release said. The cards would be distributed by select LIC agents, and would also offer premium payment facility to policy holders