Don’t Leave Home Without Debit Card Insurance
Get up to ₹10 lakh of insurance coverage with your debit card for free, without the need to pay a separate premium. Major Indian banks provide this facility, making it a convenient and accessible way to safeguard your family's financial security. Keep the card active and make at least one transaction to ensure your claim is valid.
Highlights
- •Free accidental insurance up to ₹10 lakh is available in all major Indian banks with debit cards.
- •Major players like SBI, ICICI, HDFC, and Axis Bank offer this facility, with insurance amounts ranging from Rs 1 lakh to Rs 10 lakh.
- •You must make at least one transaction within 30 to 90 days before the accident to trigger the insurance claim.
- •The insurance is available regardless of how the card is used, and no separate premium is required.
Almost everyone has a debit card, but did you know this small card could save your financial security? With Accidental Insurance up to ₹10 lakh available for almost all major Indian banks, your card can provide up to Rs 1 lakh to Rs 20 lakh of coverage. This insurance is free and effective, as long as you keep it active.
How Does It Work? Simply keep your card in your wallet and bank for convenience. If an accident occurs, you can claim your insurance without paying a separate premium. The main condition is that the card should be active and you must make at least one transaction within 30 to 90 days of the incident.
Who Gets Insurance? Major players like SBI, ICICI, HDFC, and Axis Bank offer this facility. Other cards like those under the Jan Dhan Yojana provide up to Rs 2 lakh in accidental insurance. You can get insurance from Rs 1 lakh to Rs 20 lakh based on the category of card you use.
How to Claim? If you or your family falls in an accident, inform the relevant bank within 60 to 90 days. The bank will then require certain documents, such as a death certificate (for deaths), a copy of FIR, a post-mortem report, and proof that your card was active. Your cardholder's nominee must initiate the claim.
