Do you use an SBI ATM Card? Know how much free insurance worth lakhs is available on your card...banks themselves will never tell you.

SBI ATM Card Accidental Cover: Nowadays everyone has a Debit Card. Accidental insurance worth lakhs is given to the cardholder on every debit card. Some people may know about it, but many people do not and the banks themselves never tell you about it. This insurance can be very helpful for the family in difficult times. If you use SBI ATM Card, then let us tell you that SBI provides two types of insurance on its cards. Its amount also varies according to the category of different cards. Know here how much insurance is available on your card.

This insurance cover provides insurance for accidental death to the debit card holder in addition to air travel. If the ATM card has been used during the last 90 days from the date of accident, then a claim can be made for this insurance cover.

This insurance covers the debit cardholder only for air accidental death. If financial transactions have been made through this card within 90 days before the date of the accident, and the ticket for the air journey in which the accident occurred has been purchased using the debit card, then a claim can be made for the insurance.

Personal Accidental Insurance (Death) Non Air: Insurance up to 2,00,000 Personal Air Accidental Insurance (Death): Insurance up to 4,00,000

Personal Air Accidental Insurance (Death): Insurance up to 5,00,000 Personal Air Accidental Insurance (Death): Insurance up to 10,00,000

Personal Air Accidental Insurance (Death): Insurance up to 2,00,000 Personal Air Accidental Insurance (Death): Insurance up to 4,00,000

Personal Air Accidental Insurance (Death): Insurance up to 5,00,000 Personal Air Accidental Insurance (Death): Insurance up to 10,00,000

Personal Air Accidental Insurance (Death): Insurance up to 10,00,000 Personal Air Accidental Insurance (Death): Insurance up to Rs 20,00,000

If an ATM card holder dies in an accident, the nominee of the card holder has to go to the bank branch where the account was opened. There, an application for compensation has to be submitted. Necessary documents have to be submitted to the bank. After a few days, the nominee gets the insurance claim, but keep in mind that under the insurance policy, only if the card holder dies or meets with an accident within 45 days of using the ATM card, the dependents of the person concerned can claim compensation.