Category: Finance

Insurance News : Nowadays almost everyone uses debit card and ATM to pay all their bills. By using debit card and ATM, your bill is paid in a few minutes and this process is very easy but very few people know that debit card is not only used to pay bills but debit card has many other benefits like debit card insurance, life insurance, accidental insurance and travel insurance. If you pay with debit card, then you get many more benefits, so in this post we will give information about what are the other benefits of debit card.

What is debit card insurance?

Debit card insurance is a coverage given by the bank to its customers. Through this, the customer can get financial security in case of debit card theft or loss. If you also do not know the coverage of your debit card insurance well, then for this you will get complete information by calling the customer care number of your bank.

What are the benefits of debit card insurance?

The biggest advantage of shopping with a debit card is that it protects the purchased items from theft or damage, but it is valid only for 90 days after purchase. Also, some banks also provide accidental insurance of crores of rupees on debit cards. Accidental insurance is given to debit card holders, that is, they are given Rs 5 lakh to 10 lakh in case of untimely death.

Who gets debit card insurance coverage?

Debit card insurance coverage is issued by the bank and also depends on the different types of debit cards. It is not that if you have more than one debit card of a bank, then you will have more than one insurance. No matter how many cards you have, but you are given only one insurance by a bank. To know which debit card insurance you have or what type of debit card you have, read its information carefully.

How to claim the benefits of debit card insurance

The debit card insurance coverage holder has to immediately inform the bank if his debit card is lost or stolen. The process of claiming this insurance may vary from debit card holder to debit card holder or from bank to bank. Debit card insurance coverage is an add-on process. For this, the card holder has to pay a fee. Also, there should be a minimum balance in the account. In case of loss or theft of the debit card, you can claim debit card insurance only after filing a complaint with the police, necessary documents or completing KYC.

New Delhi: Insurance has become an important demand of today’s time. Just as in earlier times, priority was given to food, clothing and shelter, similarly in today’s time insurance has become a basic need of a person. Insurance not only provides social, family and financial security to a person, but also eliminates worries about the future of the person.

Health insurance is important

Whenever it comes to insurance, a person is usually confused as to which insurance to take? Which insurance can be beneficial for his family? Let us tell you here that insurance is also of many types. In today’s era, the way diseases have surrounded the person, the need for health insurance is being felt the most. It is often seen that any disease suddenly comes to any person’s house. In such a situation, a mental and financial burden falls on that person. Health insurance can be a better option to get rid of all these.

Insurance depends on age limit

If we talk about health insurance, then different rules have been set regarding age limit. Different insurance companies charge different premiums for age. Until some time ago, health insurance could not be taken after a certain age. But today we will tell you such information, after which even older people will be able to take advantage of it.

People up to 100 years can also take insurance

People between the ages of 65 to 100 years can take insurance of Rs 2 crore under health insurance. Recently, the Insurance Regulatory and Development Authority IRDA had given instructions to implement health insurance for senior citizens above 65 years of age. After this, different insurance companies have launched their products keeping senior citizens in mind. Private insurance companies have launched products for people up to 100 years of age. People already suffering from any disease have also been given the facility to take the policy. But they have to pay only 10% extra premium.

IRDA issued instructions to insurance companies

Giving information about this, Vice President of Vidal Health TPA, Lavnil Arora says that till now health insurance could be taken only till the age of 65 years, but recently IRDA had given instructions to issue health insurance for senior citizens above this age. After this, the age limit of insurance has been made 100 years. Despite having chronic diseases, insurance companies are giving policies.

Checkups of the policy holder will start from the first day

Checkups of the policy holder start from the first day itself. For those who have had any chronic disease before, a policy named ‘Senior First’ has been started. However, every company is determining the premium according to its product. There will also be a waiting period of two to three years for this. The important thing is that while taking the policy, you must tell which disease you have had before.

The premium of the policy will depend on the age

The premium of the policy will be decided according to the age. For example, if your policy is 10 to 20 years old and your age is 80 years, then you will have to pay the premium according to the age group of 80 years.