Free insurance on any debit card.
Do you know that a person with debit card from any bank in India can get free insurance for accidental deaths and total disabilities.
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| Image by Google |
| Debit Card | Insurance on Non-Air Accidents (Death only) in Rs. | Air Accidents (Death only) in Rs. |
|---|---|---|
| SBI Gold (MasterCard/VISA) | 2,00,000/- | 4,00,000/- |
| SBI Platinum (MasterCard/VISA) | 5,00,000/- | 10,00,000/- |
| SBI Pride (Business Debit) MasterCard/VISA) | 2,00,000/- | 4,00,000/- |
| SBI Premium (Business Debit) MasterCard/VISA) | 5,00,000/- | 10,00,000/- |
| SBI VISA Signature/MasterCard Debit Card | 10,00,000/- | 20,00,000/- |
Insurance Cover (offered by NPCI on Ru Pay Debit Cards)
- Accidental Death or Permanent Total Disability only
Individual Accident Insurance cover is additionally being presented by National Payments Corporation of India (NPCI) to SBI Ru Pay Debit Cardholders as beneath
| Eligibility criteria | |
|---|---|
| SBI Ru Pay Platinum Debit Card: Rs.2,00,000/- | Minimum one successful Financial Transaction at any channel both Intra and Inter Bank within 45 days prior to date of accident |
| Other SBI Ru Pay Debit Cards PMJDY SBI Debit Cards issued till 28-Aug-18: Rs.1,00,000/- PMJDY SBI Debit Cards issued after 28-Aug-18: Rs.2,00,000/- | Minimum one successful Financial or Non-Financial Transaction at any channel both Intra and Inter Bank within 90 days prior to date of accident |
Also Read:
Purchase Protection:
This strategy covers loss of merchandise/articles bought (barring perishables, gems, valuable stones) because of robbery/thievery/house breaking, including burglary from vehicle, inside 90 days of acquisition of such products. The products more likely than not been bought by utilizing the qualified Debit Card variations at Point of Sale/Merchant foundations.
| Debit card | Purchase protection in Rs. |
|---|---|
| SBI Gold (MasterCard/Visa) | 5,000/- |
| SBI Platinum (MasterCard/VISA) | 50,000/- |
| SBI Pride (Business Debit) MasterCard/VISA) | 5,000/- |
| SBI Premium (Business Debit) MasterCard/VISA) | 50,000/- |
| SBI VISA Signature/MasterCard Debit Card | 1,00,000/- |
Contact the bank branch manager of the death person with their family member to claim the insurance.
I took SBI bank for example. This type of insurance is available in all the banks India.
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