ATM Card: Every ATM card comes with free accident cover of up to ₹5 lakh; check if your card has it.

ATM Card: Debit and ATM cardholders can avail free accident insurance worth lakhs of rupees at no extra cost, yet many fail to claim it due to a lack of awareness.

ATM Accident Insurance: Nowadays, almost everyone possesses an ATM or debit card from some bank. People typically use them for cash withdrawals, online payments, or shopping. However, very few are aware that these cards also provide free accident insurance coverage worth lakhs of rupees without any additional charges.

If you hold a debit or ATM card from any bank, you are likely eligible for this free insurance. However, due to a lack of information, most people fail to avail themselves of this benefit or miss the opportunity to file a claim when the need arises.

How is the insurance cover provided?

The accident insurance provided with a debit or ATM card depends on the type of card you hold.
Standard 'Classic' or RuPay cards usually offer insurance coverage of up to ₹1 lakh.
For Platinum cards, this amount can go up to approximately ₹2 lakh.
Meanwhile, certain premium or Visa cards offer accident insurance of up to ₹5 lakh.
However, rules vary across banks, so it is essential to verify the details of this insurance cover with your specific bank.

Conditions for availing the insurance benefit