Utility: Important news for ATM card holders! You can get the benefit of 5 lakh rupees, know how?


ATM card has become a necessity today. Often people prefer to withdraw money from ATM card instead of going to the bank. Apart from this, you can also make online payment through it. If someone's ATM card is lost somewhere, then people face a lot of trouble. Apart from withdrawing cash and making online payments, you may not know that you also get insurance of Rs 5 lakh at the ATM. Most people in India are not aware of this.

You also get free insurance cover with every government and private bank ATM card. Most people do not claim this insurance cover, but if you claim at the right time, you can get benefits of up to Rs 5 lakh. Here we are giving you the information about insurance claim on ATM card-


These customers will benefit up to Rs 5 lakh.

If you wish to avail the supplementary insurance cover available on the ATM card, you will need to have used the ATM card for at least 45 days. The customers get the benefit of accident insurance on their ATM card from the bank. You do not have to pay any premium for this insurance. This premium is deposited by the bank. Most of the customers are not aware of this as banks often do not give information about it. Along with this, you get insurance coverage based on the card category.

This coverage is available on various cards-

RuPay Card in Pradhan Mantri Jan Dhan Account - Insurance of Rs 1 to 2 Lakh

General Mastercard – Insurance of Rs 50,000

Classic Card - Insurance of Rs 1 lakh

Visa card - insurance of Rs 1.5 to 2 lakh

-Platinum Card - Rs 2 lakh

-Platinum MasterCard - Insurance of Rs 5 lakh

Accidental Death Claim

In case of accidental death of the ATM Cardholder, the Ad Nominee of the Cardholder's Account can make a claim against the Accidental Death Insurance availed on the ATM Card. For this, you have to go to the bank and claim the policy within 45 days of the death of the cardholder. To claim the policy, you can claim this insurance by showing necessary documents like death certificate of the deceased, copy of FIR, certificate of dependents, death certificate etc. to the concerned bank.