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Accidental Insurance for RuPay ATM Card Holders


Accidental for ATM Card Holders

All ATM-cum-debit cardholders are presently eligible for accidental death and permanent disability cover. Classic cardholders are eligible for cover of Rs.1 lakh, whereas Premium cardholders are eligible for cover of Rs.2 lakh. premium is paid by the National Payments Corporation of India. 872 cardholders received claims during the financial year 2016-17.

This was stated by Shri Santosh Kumar Gangwar, Minister of State for Finance in written reply to a question in Lok Sabha today.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, July 28 2017. 16:20 IST