Free insurance facility is available on bank’s ATM card, know how you can claim
Thanks to schemes like Pradhan Mantri Jan-Dhan Yojana and RuPay Card, ATM has now become a part of everyone’s life. ATM card has not only reduced people’s dependence on cash, but has also made money safe and made the way of doing transactions very convenient.
Free insurance on bank’s ATM card, Upto 10 Lakh
Free insurance facility is available on bank’s ATM card, know how you can claim
If you have an account in the bank, then it is mandatory for you to have an ATM card. Everyone uses ATM cards today. The government started schemes like Pradhan Mantri Jan-Dhan Yojana and RuPay Card, due to which ATM has now become a part of everyone’s life.
ATM card has not only reduced people’s dependence on cash, but has also made money safe and made the way of doing transactions very convenient. But do you know that there are many other benefits available with ATM card, about which only a few people know.
So let us tell you today, about these benefits of insurance available on ATM card. If you have been using the ATM of any bank for at least 45 days, then you can claim the insurance available with the ATM card. Are. Banks issue many types of ATM cards to customers. The amount of insurance provided with the ATM card is decided according to its category.
DIFFERENT INSURANCE LIMIT ON ALL TYPE OF CARD
Customers get insurance coverage up to Rs 01 lakh on Classic Card, Rs 02 lakh on Platinum Card, Rs 50 thousand on Ordinary MasterCard, Rs 05 lakh on Platinum MasterCard and Rs 1.5-02 lakh on Visa Card.
Under Pradhan Mantri Jan-Dhan Yojana, customers get insurance of Rs 01 to 02 lakh with Rupay cards available on open accounts. Coverage up to Rs 5 lakh: If the ATM cardholder meets with an accident and becomes disabled in that accident, then he gets a coverage of Rs 50 thousand.
HOW MUCH MONEY WILL GET INCASE OF DEATH
HOW TO CLAIM FOR INSURANCE
However, due to people not being aware of it, only a few people are able to take advantage of it. A major reason for this is the lack of financial literacy among the people. This is how you can claim: To claim insurance, the cardholder’s nominee has to go to the concerned bank and apply.
Insurance claim can be made by submitting documents like copy of FIR in the bank, certificate of treatment in the hospital. In case of death, the insurance amount can be collected by submitting documents like copy of FIR, death certificate, dependent’s certificate, etc. to the cardholder’s nominee. You can get detailed information about this by contacting the concerned bank.
MOST IMPORTANT – This claim will have to be made by going to the bank within 45 days of the accident happening to the card holder.
Banks also do not give information to customers
The most important among the services available with ATM card is free insurance (ATM Card Insurance). Yes…as soon as the bank issues an ATM card to a customer, the customer also gets Accidental Insurance or Untimely Death Insurance (Life Insurance).
However, due to people not being aware of it, only a few people are able to claim this insurance.
A major reason for this is the lack of financial literacy among the people. Leave aside the village people, even educated urban people do not pay attention to the terms and conditions associated with ATMs. Banks also do not give information to their customers about the insurance available with ATM.
