Get Free Insurance Up To 5 Lakhs On ATM Card: At present, there will be very few people who do not use ATM Card. Due to Pradhan Mantri Jan Dhan Yojana and RuPay Card, ATMs have now become the main tool in everyone’s daily transactions. Due to this, many people are using ATMs for transactions or purchases. Due to the use of ATMs, the use of paper currency i.e. notes is decreasing day by day. Also, the use of an ATM is easy. We can do all our work on one card. From buying various items to buying petrol, diesel, or any other goods or goods at any shop, transactions can be done through ATMs. Along with this advantage of ATM card, it has many free offers and benefits which many people are not aware of. So ATM users cannot avail of it. One of the most important and useful customer services that come with an ATM card is insurance. When a bank gives an ATM card to a customer, it also provides accidental insurance or life insurance to the customer. As customers are not aware of this insurance provided by the bank, many customers are unable to claim it. Many people stay away from such insurances due to their low financial literacy. Let alone the citizens of rural areas, educated people in cities also ignore the terms and conditions associated with ATMs. On the other hand, many banks do not inform their customers about this. One of the most important services available with an ATM card is free insurance (ATM Card Insurance). As soon as the bank issues the ATM card to the customer, the customer gets accident insurance or life insurance. However, due to a lack of knowledge about this only a few people claim this insurance. Lack of financial literacy among people is one of the main reasons for this. Forget the people in the villages, even the educated urban people do not pay attention to the terms and conditions related to ATMs. Banks don’t even inform their customers about the insurance they get through ATMs.
How Much ATM Insurance Is Available On Which Card
The customer should have an account with a nationalized or private bank and its ATM should have been used by the customer for at least 45 days. Then the customer can claim the insurance that comes with the ATM card. Banks issue various types of ATMs to customers. According to the category of that ATM card, the amount of insurance that comes with it is fixed. Customers can get Rs 1 Lakh with Classic Card, Rs 2 Lakh with Platinum Card, Rs 50 thousand with General Master Card, Rs 5 Lakh with Platinum Master Card, and Visa Card. Card) Insurance coverage of 1.5 to 2 lakh rupees (Insurance Coverage). Under the Pradhan Mantri Jan-Dhan Yojana, customers get an insurance cover of 1 to 2 lakhs on RuPay Card Insurance.
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How To Claim For ATM Insurance?
If an ATM cardholder is a victim of an accident and gets disabled in one arm or one leg. he gets an insurance cover of Rs 50,000. Similarly, in case of loss of both hands or both legs, an insurance benefit of Rs.01 lakh is available. In case of death, the coverage ranges from Rs 1 lakh to Rs 5 lakh, depending on the card. To claim the insurance available with the ATM card, the cardholder’s nominee (insurance nominee) has to apply to the concerned bank. An insurance claim is received after submitting documents such as a copy of FIR, hospital treatment certificate, etc. to the bank. In case of death, the nominee of the cardholder has to submit a death certificate, copy of FIR, certificate of dependents, original copy of the deceased’s certificate, etc.