If you have an ATM card then you can get up to 10 lakhs of insurance
The information brochure that comes with debit-credit cards should be read carefully and know how much accident insurance you can get on the credit-debit card you have.
New Delhi: Many percent of the country's public has an account in the bank and most of them have ATM cards. The most important work of ATM card is to withdraw money from ATMs but besides this, another major benefit is getting ATM card holders, which you probably do not know about. Knowing this information, you also know the great news of your benefits today.
What is the biggest benefit associated with ATM?
If you have an ATM of any government or non-government bank, then you also get accident insurance in that bank itself. This insurance is from Rs 25,000 to Rs 5 lakh and up to Rs 10 lakh in any bank. It has been several years since the scheme started. The information brochure that comes with your debit-credit card has all its information, you should read it carefully and know how much accident insurance you can get on the credit or debit card you have.
If you have an ATM of any government or non-government bank, then you also get accident insurance in that bank itself. This insurance is from Rs 25,000 to Rs 5 lakh and up to Rs 10 lakh in any bank. It has been several years since the scheme started. The information brochure that comes with your debit-credit card has all its information, you should read it carefully and know how much accident insurance you can get on the credit or debit card you have.
What is this process of accident insurance and how compensation is available? Once the
account is opened in the bank, as soon as the ATM gets you, the insurance policy becomes applicable. Insurance is done on behalf of the bank, so that the family can get help after ATM holder's death. According to this scheme, there is a provision of different types of compensation from partial disability to death. No ATM holder has to deposit any money for this.
account is opened in the bank, as soon as the ATM gets you, the insurance policy becomes applicable. Insurance is done on behalf of the bank, so that the family can get help after ATM holder's death. According to this scheme, there is a provision of different types of compensation from partial disability to death. No ATM holder has to deposit any money for this.
According to the scheme, if an ATM holder dies in an accident, the family member will have to go to the branch of the bank within 2 months to 5 months where the person's account was there and give an application about the compensation there. Will be
If you have a single bank account or an account in the other branch of that bank, the compensation will also be paid to you at any one ATM, which is being done to transfer money. Before paying compensation, the bank will see that there was no financial transaction from that ATM within the last 45 days before the death.
If you have an ATM, then you can get the benefit of automatic accident insurance in that bank. The rule is that if the ATM holder dies in an accident, his family will be compensated by that bank.
Learn how much you can get in compensation,
if you have a simple ATM, then the family will get compensation of up to Rs 1 lakh and if the card is MasterCard, then the compensation can be up to Rs 2 lakh. In the list of partial disability, if one hand or one leg is damaged then the bank can get a compensation of Rs 50,000. At the same time the ATM holder can get a compensation of Rs 1 lakh in case of both hands or both legs being deteriorated.
if you have a simple ATM, then the family will get compensation of up to Rs 1 lakh and if the card is MasterCard, then the compensation can be up to Rs 2 lakh. In the list of partial disability, if one hand or one leg is damaged then the bank can get a compensation of Rs 50,000. At the same time the ATM holder can get a compensation of Rs 1 lakh in case of both hands or both legs being deteriorated.
Different sum insured on different-aligned ATM types insure up
to 50 thousand rupees to many bank mastercard holders and insure up to Rs 1 lakh on classic ATM. It is being said, however, that all visa cards are insured of Rs 2 lakh and master friend card is insured of Rs 25 thousand. At the same time you can get insurance of up to Rs 2 lakh on platinum card and up to Rs 5 lakh on master platinum card. But these can also be different depending on the different banks. For this, read the incoming letter and condition letter along with the card carefully.
to 50 thousand rupees to many bank mastercard holders and insure up to Rs 1 lakh on classic ATM. It is being said, however, that all visa cards are insured of Rs 2 lakh and master friend card is insured of Rs 25 thousand. At the same time you can get insurance of up to Rs 2 lakh on platinum card and up to Rs 5 lakh on master platinum card. But these can also be different depending on the different banks. For this, read the incoming letter and condition letter along with the card carefully.
This means that if you have Platinum Card which has a provision of accident insurance of 2 lakh rupees on your card. If you have a classic card or a farmer's debit card, then the amount of 50 thousand rupees has been fixed on PNB Friends ATM card is 25,000 rupees accident insurance. Whereas the sum insured of Rs. 5 lakhs has been fixed on Master Guard Platinum Card. Although different banks offer different insurance amount on your credit-debit card, you can read this information on the information sheet available with your card.
Know that
your advice to you is right for you to inquire about your ATM in the bank and ask for information on how much insurance you got on your ATM card. If the bank denies it, then tell him that you have complete information about the plan by the government. If the accident or ATM holder dies, then ask for the sum assured according to the card type and if the bank refuses, then the Consumer Forum can take its right.
your advice to you is right for you to inquire about your ATM in the bank and ask for information on how much insurance you got on your ATM card. If the bank denies it, then tell him that you have complete information about the plan by the government. If the accident or ATM holder dies, then ask for the sum assured according to the card type and if the bank refuses, then the Consumer Forum can take its right.
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