LIC’s RuPay card will be available with a prepaid amount of Rs 500 to Rs 10,000. With this card you can do multiple transactions within 3 years.
Country’s largest insurance company LIC has launched RuPay prepaid gift card ‘Shagun’. At present it has been launched as a pilot project. The objective of the company behind this is to promote digital and cashless transactions. LIC has launched RuPay card Shagun in association with IDBI Bank. This card is being launched in the market with the intention of promoting cashless methods of gift giving.
Any amount from Rs 500 to Rs 10,000 can be given through this gift card. Customers can do more than one transaction through this. Also, it can be easily used for online shopping to payment of bills like mobile, telephone, electricity etc.
The card limit is Rs 10000
In Shagun Gift Card, you can choose the amount as per your wish, it is between 500 to 10,000 rupees. Its validity is 3 years. LIC CSL says that taking advantage of the wide acceptability of the RuPay card, the Shagun Gift Card can be used at millions of merchant outlets across the country and e-commerce websites like Amazon, Flipkart.
Card Features at a Glance:
- LIC’s RuPay card will be available with a prepaid amount of Rs 500 to Rs 10,000. With this card you can do multiple transactions within 3 years.
- Since it is a contactless card, cardholders will not even need to enter a PIN for purchases up to Rs 5,000.
- RuPay card is widely accepted. In such a situation, Shagun Gift Card can be used at all merchant outlets and e-commerce websites of the country.
- Cardholders can use the contactless tap-and-go facility of Shagun Gift Card at Point of Sale (POS) terminals. This card can also be used to give a gift to someone.
- Through this, users can do this at departmental stores, petrol pumps, restaurants, jewelery stores and apparel stores.
- Shagun card can also be easily linked with ‘M-Passbook’ mobile app. With this, the customer can check the complete record of the transaction. Also can check real-time access to card balance etc.
- You can use this card for departmental stores, petrol pumps, restaurants, jewelery stores, clothing stores, online shopping, utility bills, air, rail, bus ticket booking etc.
When and how will you get this card?
Initially, these prepaid cards are being made available for internal use by LIC and its subsidiary units. These will be used to reward employees during official events. LIC officials say that after the completion of this pilot project, these RuPay cards will also be available to the common people.
The company says that this card will be available for LIC and its subsidiaries and affiliates for official use. Later it will also be used for common use through a digital platform. For this LIC customers will be able to apply and they will be provided this card.
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