Life Insurance Corporation (LIC) is likely to come up with a co-branded card with Corporation Bank, which will offer policyholders the facility to pay premiums and carry out other transactions.LIC is talking to global card majors like Mastercard, Visa International and Barclays for the deal.A K Shukla, chairman of LIC, confirmed the move, but said: "We will take a decision on this by month-end."LIC is aiming at over 50% increase in business from new policies at over Rs 18,000 crore this fiscal, and 30% rise in overall income at over Rs 1,00,000 crore.Policyholders can also carry out other transactions like shopping and withdrawing cash from ATMs with the proposed card, LIC officials said.
