Free insurance of lakhs available on debit card | Business News | Jagran Business

Nearly everyone in this day and age has a debit card. Most commonly, debit cards are used for shopping, paying bills, and money transfers. Your debit card has a lot of hidden capabilities, many of which people are unaware of. Additionally, you can purchase life insurance via your debit card up to Rs. 5 lakh. Better-coverage life insurance is essential in today's world. For which there are numerous high-priced insurances with premiums on the market. However, because it is pricey, few people are able to benefit from it. However, if you have a debit card, you can benefit from the insurance at no cost. Let us now inform you about the amount of insurance that is offered for each sort of debit card.

How much coverage is offered by debit card

Many users receive Accidental Insurance or Life Insurance in addition to their ATM cards. Each card offers a particular type of insurance. Your card determines if you have insurance. For instance, if you have an SBI Gold Card, you will receive a Rs. 2 lakh insurance. When a card payment is made somewhere within the past 90 days after the accident date, the bank activates this insurance. Few individuals are aware of this.