ATM card given to the bank account holder is very helpful for the people, through which you can withdraw cash and do shopping by swiping the card.
But do you know that through this ATM (Automated Teller Machine) card you also get the protection of your accidental insurance.
SBI ATM holders get free insurance of Rs 20 lakh
Today every person uses Atom card but he does not know about the information related to ATM card, which we are going to tell you today in this article, which is going to be very beneficial for you.
If you also have an ATM card of any bank or SBI Bank ATM Card, then in case of your death or in case of accident, his dependent gets the insurance amount. A
Not everyone knows this information related to ATM card that every bank gives you ATM card insurance. SBI Bank provides insurance cover of up to 20 lakhs to its ATM card holder. This insurance cover varies according to the nature of the card.
Insurance is available with ATM card
For your information, let us tell you that according to the website of State Bank of India, the debit card holder gets complimentary insurance cover. This insurance cover ranges from Rs 25 thousand to Rs 20 lakh.
The bank gives money to the ATM card holders according to the category of ATM card. This facility is available to the card holder only when he has used the ATM card at least once on an ATM (Automated Teller Machine) machine or POS / e-com within 90 days from the day of the accident.
SBI ATM holders get free insurance of Rs 20 lakhs
Let us tell you that SBI Bank provides accident and untimely death insurance as per your ATM card. If any card holder is using the ATM of any nationalized or non-nationalized bank for 45 days as per the rules of the bank, he is given the amount of insurance as per the category of the ATM card.
According to the category of ATM card, the card holder is given an insurance cover of Rs 1 lakh on classic card, Rs 2 lakh on platinum card, Rs 50,000 on normal master card, Rs 5 lakh on platinum master card, Rs 1.50 lakh to Rs 2 lakh on visa card. Similarly, insurance of Rs 1 to 2 lakh is available on RuPay card.