SBI ATM PIN: घर बैठे मिनटों में हो जाएगा एसबीआई डेबिट कार्ड का पिन जनरेट, इन आसान स्टेप्स को करें फॉलो | Zee Business

You get the benefit of Rs 5 lakh on ATM, but it is necessary to fulfill these conditions


Insurance On ATM Card: In today’s time, using debit cards has become common. By the way, digital payments have increased a lot. But still people will definitely get ATMs. A large population of the country is using it. The use of debit cards has also done one thing that people’s dependence on cash has reduced a lot. But let us tell you that there is such an advantage on the debit card, about which very few people know. Debit card is not only for shopping or withdrawing money from ATM, but insurance can also be availed on it and that too free of cost. Learn further how.

People don’t know about it. Because of this, they are not able to take advantage of this essential facility available for free. But you must take advantage of it by taking information. As soon as you get the Debit / ATM card from the bank, you get accident or untimely death insurance immediately. According to the information given on the website of the country’s largest bank State Bank of India, the debit card holder gets the benefit of personal accidental insurance (death) non-air insurance in the form of insurance on untimely death.

How is the sum insured decided?
The amount of insurance depends on the card you have. The sum insured will be different depending on the different cards. For example, if you have an SBI Gold (MasterCard/Visa) card, you will get a cover of Rs.2,00,000. But there is a rule for this. We will learn further what that rule is.

what is the rule
According to SBI, the insurance cover is available if the card has been used once during the last 90 days from the date of accident. You can use this from any channel. Such as ATM, POS, E-com etc. However, as we said, there is no information, due to which only a few people are able to claim this insurance.

45 days rule
If you have been using any government or private bank ATM for at least 45 days, then the insurance service on the card will be your right. But this is the rule of some banks. Different banks have fixed different timings for this.

how much profit on which card
You will be given insurance coverage of Rs 1 lakh on Classic Card, Rs 2 lakh on Platinum Card, Rs 50 thousand on General Master Card, Rs 5 lakh on Platinum Master Card and Rs 1.5 to 2 lakh on Visa Card. On the other hand, if you have opened an account under Pradhan Mantri Jan Dhan Yojana and you have got a RuPay card on it, then also insurance coverage of one to two lakh rupees will be given. If a cardholder dies in an accident, then his nominee will get the benefit. He has to go to the concerned bank and make an insurance claim.

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