LIC launches credit card with Corp Bank
Insurance behemoth Life Insurance Corporation of India (LIC) has launched it’s credit card in association with Corporation Bank, who is the card issuer. They have formed a separate company, LIC Credit Cards Services, to manage this new business. The company will be headed by its Director and Chief Executive Hemant Bhargav.
Initally, the cards will be offered to existing policy holders and will enable them to make payment of their premiums.
I don’t think having an additional credit card player in this sector makes any sense… There are already too many out there and not much to choose from if you compare all credit cards.
Secondly, payment of LIC policy premium is allowed thru netbanking so I don’t see why anyone will necessarily do so using the credit card.
Related Posts:
Facebook comments: