Debit cards are taken lightly by most people, so they are not aware of its benefits. Very few people know that on the debit card of any bank, the customer gets life insurance up to Rs 5 lakh absolutely free of cost. It can be easily claimed if the card holder dies in an accident.
Nowadays most people invest in insurance policies. Life insurance gives you a security cover that provides financial support in case of any untoward incident. However, you get the benefit of any life insurance policy only when you pay the premium for it. But do you know that you can get this insurance absolutely free of cost as well. For this you just need to have a debit card.
People take debit cards lightly, so they ignore the facilities they get. You also get life insurance up to Rs 5 lakh absolutely free on the debit card. Let us know how you can take advantage of it.
How to get insurance on debit card?
You get insurance on debit card when you open your savings account in any bank. Because with the opening of the savings account, you get the ATM card or debit card of the bank. Along with this, you get life insurance cover in case of death in any accident. According to the SBI website, the bank provides personal accidental insurance (death) non-air insurance to its customers, debit card holders.
How much insurance is available on which card?
Let us tell you that the amount of insurance available on debit card depends on your card. If you have a classic card then you get an insurance of Rs 1 lakh. At the same time, Rs 2 lakh is available on Platinum card, Rs 50 thousand on normal Master card, Rs 5 lakh on Platinum Master card and Rs 1.5 to 2 lakh on Visa card.
