LIC Cards and Axis Bank today entered into a partnership and introduced a value

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added Credit Card service for the customers and employees of LIC, its subsidiaries and group companies.

The card comes with host of benefits, including access to airport lounges and fuel surcharge waiver, LIC and Axis Bank said in a joint statement.

"We are confident that our relationship with Axis Bank will accelerate the process of increasing customer comfort which has been our constant endeavour and further add value to our services," LIC acting Chairman D K Mehrotra said.

Through the program, the bank will address the payment solution needs of LIC customers thereby giving them yet another reason to stay with LIC of India, said Axis Bank Managing Director Shikha Sharma.

The LIC Credit Card program is designed to offer payment solution to customers of LIC, it said, adding, there will be four product variants, namely Visa Gold, MasterCard Titanium, Visa Platinum, and Visa Signature Credit Card.

In addition to regular credit card benefits like global acceptance, interest free credit period, cash withdrawal etc, it said.

LIC Card Services Limited is a subsidiary of LIC.