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Home News News and Press Release Month 7 2017 2017 (7) This

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Accidental Insurance for RuPay ATM Card Holders

28-7-2017

Contents

All RuPay ATM-cum-debit cardholders are presently eligible for accidental death and permanent disability insurance cover. RuPay Classic cardholders are eligible for cover of ₹ 1 lakh, whereas RuPay Premium cardholders are eligible for cover of ₹ 2 lakh. Insurance premium is paid by the National Payments Corporation of India. 872 cardholders received insurance claims during the financial year 2016-17.

This was stated by Shri Santosh Kumar Gangwar, Minister of State for Finance in written reply to a question in Lok Sabha today.

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