In collaboration with IDBI Bank, LIC Cards Services Limited (LIC CSL) has launched a contactless prepaid Gift Card – ‘Shagun’ on RuPay Platform; with the purpose to expand the Gift Card market with an intent to promote cashless ways of gifting and present a wide range of end-use choices and in a future foray into the market of e-Gift Cards. In the initial phase, the Shagun Card will be available to LIC and its subsidiaries/associates for official use. It will be used to facilitate awards and special rewards during official conferences/ functions.