To avail the free insurance offered by the debit card, you must have used the card at least once before 90 days from the date of accident, else you will not be able to avail the benefit.
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Free Insurance: If you use a debit card, then you also get the benefit of free insurance along with the debit card. Apart from SBI, many other banks include free insurance coverage with their debit cards, which includes protection for accidents, life, lost luggage and transactions. Some big banks of the country Most of the banks with their debit cards complimentary insurance provide coverage. Although most of the card holders do not know about these details.
In this regard, cardholders should know that the benefit of free insurance is also available on debit cards. Apart from this, one can also claim under this insurance for personal injury insurance, purchase protection and baggage loss in this package. Let us tell you that these banks are giving you the benefit of free insurance on debit card.
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Kotak Mahindra Bank
Kotak Mahindra Bank offers personal accident death benefit of up to Rs 25 lakh. The card must be used at least once before 90 days from the date of accident to claim insurance coverage. such as ATM transactions, point-of-sale transactions, or online purchases. In addition, Kotak Mahindra Bank also offers coverage on a lost card, which protects purchases made at merchant locations and online portals with your lost or stolen cards up to Rs.6 lakh.
state Bank of India
Apart from the coverage offered by the airline, State Bank of India offers various aviation accident death insurance benefits depending on the type of debit card being used by the customers. It offers baggage loss insurance for local and international flights, provided the debit card is used to purchase airline tickets and the card must be used at least once within 90 days of the accident. You can claim compensation for goods up to Rs 1 lakh within 90 days of purchase with an SBI debit card.
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HDFC bank
The accident insurance coverage offered by HDFC Bank starts from Rs.5 Lakhs and can be availed up to a maximum of Rs.1 Crore, excluding air accident insurance.
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