ATM card holders: Big News! Insurance cover up to Rs 20,00000/ is available on ATM card for free, know how to claim

ATM card holders: You can easily withdraw cash, swipe the card and shop, but very few people know that with the ATM card, you also get the protection of accidental insurance. . With the help of this service, on the death of the ATM card holder or in case of an accident, his dependent gets the insurance amount. Due to lack of information, people are not able to take advantage of the insurance available with the ATM. The country’s largest government bank State Bank of India (SBI) provides insurance cover of up to 20 lakhs to its debit card holders. This insurance cover varies according to the nature of the card.

Insurance is available with ATM card

According to the information available on the SBI website, debit card holders get complimentary insurance cover. This insurance cover can be from 25 thousand rupees to 20 lakh rupees. The insurance amount is decided according to the category of the ATM card. The bank has given detailed information about this on its website, this insurance cover can be given to the card holder only if he has used the ATM card at least once on ATM machine or POS/ecom within 90 days from the date of accident. Have you done

Insurance cover is decided according to the category of ATM card

The debit cardholder gets the benefit of insurance cover available on the ATM card in case of death during accident and air crash. The amount of this insurance cover depends on the category of the card. In case of an air accident, you can claim insurance if the ticket is purchased using a debit card.

Card type