How to claim insurance amount from Rupay debit cards? Here’s all you need to know

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Also Read: From premiums to claims process: Decoding key terms in insurance policies | 8 points Now, let's delve into the types of Rupay cards available in the market and the corresponding insurance coverage they offer: 1. Classic Card: This card doesn't provide any insurance coverage. Although it used to offer coverage previously, this feature has been discontinued since the financial year 2020.

2. Pradhan Mantri Jan Dhan Yojana (PMJDY) Cards: Old PMJDY Card (issued before 28th August 2018): Offers coverage of up to ₹1 lakh. New PMJDY Card (issued after 28th August 2018): Provides coverage of up to ₹2 lakhs.

It's noteworthy that Rupay has collaborated with two insurers, namely New India Assurance, which is for non-premium cardholders that means the PMJDY insurance is from New India Assurance and the premium cards, Platinum and Select, Rupay has taken their insurance from Tata AIG to provide this insurance coverage.

Also Read: How to link RuPay credit card to UPI? A step-by-step guide Automatic Eligibility and Premium Payment: If you possess a card that offers insurance coverage, you are automatically eligible for the insurance benefit without needing to pay any premium. The insurance coverage comes as a complimentary benefit with the card. Conditions for Eligibility: While there's no premium to be paid, there are certain conditions you must meet to remain eligible for the insurance coverage: Let's break down the claim process for the insurance associated with your Rupay card, especially for the PMJDY Cards.

Initiating the claim process: Visit your bank branch where you hold the Rupay card. They will guide you through the required documents and assist you in filling out the claim form. Alternatively, you can opt for the