Bumper good news for those who have ATM card 💳 of any bank:
As we save money for the future, it is also important to have insurance in case something bad happens to us.
Some people choose to buy life insurance to protect their loved ones, but this can be expensive. However, there are special insurance plans where you can get enough money to help your family without paying anything upfront.
When will ATM insurance be available?
If you have a special card that allows you to spend money, such as a debit card or credit card, there are some important things you should do if something goes wrong. One rule is that if you use the card to get cash from the machine, you must use it to purchase items at least twice every month and spend at least Rs 500 each time.
If you have HDFC’s Millini Card, when you travel within India up to Rs.5 lakh and you spend Rs. 1 crore can be availed in case of accidents while traveling internationally. However, you need to use the card for money-related activities at least once every month to be eligible for this insurance. Similarly, if you have an Infinity card, you need to make a transaction related to money within 90 days to be eligible for its benefits.
Debit Card Insurance!!Â
Did you know that a lot of things we use, like banks and businesses, are called insurance? This means that they will protect us if something goes wrong. For example, if you have a special card to get money from an ATM, it is insured for really large amounts of money. And the best part is, you don’t have to pay anything extra for this protection.
Different banks offer different amounts of insurance. If you have an ATM card from any bank, insurance can be provided in case of an accident. However, some banks don’t inform their customers about this, so if something bad happens, customers don’t know that they can get the insurance money. This article will tell you how to make sure your ATM card is insured.
No insurance for UPI payment!
If you use a certain mode of payment called UPI, you won’t be able to get insurance, says the report. But if you use a different method called e-platform to pay online, you can get insurance. The terms of this insurance may vary depending on which bank you use.
You can find out more by going to your bank’s website or by going to the bank and talking to the people who work there.