Monetary Compensation Scheme on debit card :
Eligibility of Debit Card Holders for Insurance claim in case of Accidental Death/ Permanent Disability
The card user must have done minimum one successful financial or non-financial transaction at any channel ( ATM/POS/ E-Commerce )
The card user must have done minimum one successful financial or non-financial transaction at any channel ( ATM/POS/ E-Commerce )
-
within 45 days prior to date of accident including accident date for Premium Cardholders.
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within 90 days prior to date of accident including accident date for Non Premium Cardholders.
For Rupay cards holders, Insurance feature is available for both Accidental Death/ Permanent Disability:
|
Sr.No. |
Card variant |
Insurance Amount |
|
1 |
Rupay Platinum Debit Card |
Rs.2,00,000/- |
|
2 |
Rupay Select Debit Card |
Rs.10,00,000/- |
Presently, there is no Insurance feature available for Rupay Classic Cards.
For MasterCard and VISA Debit Card holders, currently there is no Insurance feature available for Accidental Death/ Permanent Disability.
Family member(s) / beneficiaries of a deceased PNB ATM / Debit Card holder should intimate their base branch within 90 days from the date of death.
Claim should be submitted within 90 days from the date of accident. In case it is submitted after 90 days, the insurance company will carry out an investigation & it would be honored if all other conditions are met as on date of accident.