Earning 2% cashback on an LIC payment using a Standard Chartered Smart Credit Card is possible, but not guaranteed.
Here's why: SC CC offers 2% cashback on online transactions. This applies to LIC's website if the payment is categorized as an online transaction by the bank. Some credit card issuers exclude insurance payments from cashback categories. While SC advertises the Smart Credit Card for online spending, they might exclude insurance on their end.