ATM Card Insurance Each And Every User Get It After Issuance One Can Take Benefit

Almost everyone uses ATM card in today’s era. To make every person of the country a part of financial inclusion, the government started schemes like Pradhan Mantri Jan Dhan Yojana and RuPay Card, due to which ATM has become a part of everyone’s life. Is. It has not only reduced the dependence on cash, but has also made money safe and transactions have become easier. Apart from these, there are some such benefits (ATM Card Benefits) with the ATM card, which people are not aware of.

You can claim in these situations

If the ATM Card Holder becomes a victim of an accident and becomes disabled in one hand or one leg, then he gets a coverage of Rs 50,000. In case of loss of both hands or both legs, an insurance benefit of Rs 01 lakh is available. In case of death, coverage of Rs 01 lakh to Rs 05 lakh is available according to the card.

Coverage up to Rs.05 lakh

If you have been using a bank’s ATM for at least 45 days, you can claim the insurance that comes with the ATM card. Banks issue many types of ATM cards to the customers. According to the category of ATM card, the amount of insurance available with it is decided. Customers can get Rs 01 lakh on Classic Card, Rs 02 lakh on Platinum Card, Rs 50 thousand on normal Master Card, Rs 05 lakh on Platinum Master Card and Visa Insurance coverage up to Rs 1.5-02 lakh is available on the card (Visa Card). Under Pradhan Mantri Jan-Dhan Yojana, customers get insurance of Rs 01 to 02 lakh with RuPay Card Insurance available on open accounts.

people do not know

Free Insurance (ATM Card Insurance) is one of the most important features of the ATM card. As soon as any bank issues an ATM card to a customer, along with that the customer gets Accidental Insurance and Life Insurance. However, due to lack of information about it, only a few people are able to take advantage of it. One of the major reasons for this is the lack of financial literacy among the people.

This is the process of claiming

To claim the insurance provided with the ATM card, the cardholder’s nominee has to apply to the concerned bank. Insurance claim is received on submission of documents like FIR copy, hospital treatment certificate etc. in the bank. On the other hand, in case of death, the cardholder’s nominee needs documents like death certificate, copy of FIR, dependent’s certificate, deceased’s certificate. You can collect detailed information about this by contacting the concerned bank.

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