Debit card can give you a claim of up to Rs 10 lakh, know how

Debit Card: Did you know that you can get up to Rs 10 lakh with your ATM card? Yes, you can get paid, but with certain conditions. In India, insurance is available on some ATM cards. For example, SBI Gold Mastercard or Visa card users can get coverage up to Rs 10 lakh, which includes death during flight. While regular and platinum MasterCard holders have their own limits, premium cardholders get even more coverage. Visa and RuPay card holders also have insurance options through the Pradhan Mantri Jan Dhan Yojana. If you need to file an insurance claim for a lost or stolen ATM card or debit card, make sure to follow specific guidelines. To qualify, the card must be used for a transaction within the last 90 days. If you do not use it by then, your request will not be accepted. In case of emergency, you should provide hospital bills, certificates and police reports. If the cardholder dies, the nominee selected by him/her has to submit the death certificate. You can submit your claim online or in person. You go to the bank, fill up the form and submit the necessary documents for individual claims and you are done. Also Read: Petrol-Diesel: Know the new prices of Petrol Diesel Once you submit the required insurance form and documents, the representative of the insurance company will process your claim. After the verification process, a detailed report will be generated and your claim will be transferred to the reimbursement account within a maximum of 10 days. To avoid having your claim denied, it's important to submit your claim within the 60-day period after the incident so you can make your insurance claim. Also read: UP's mangoes are world famous, exported abroad The post Debit card claim up to Rs 10 lakh, know how appeared first on Prabhat Khabar.