Prices Increasing Soon
The National Payments Corporation of India (NPCI), the apex organization for retail payments, has relaxed the conditions for RuPay classic card users to file a claim under personal accident insurance. As per the new rules, an insurance cover of Rs. 1 lakh is available under personal accident insurance if the cardholder has swiped the card once in 90 days.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
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Earlier, the insurance cover was available only if a cardholder had swiped the card once in every 45 days. As per this new rule, the extended insurance period will be applicable on accidents arising on or after 25th November.
As reported by The Economic Times, Mr. A P Hota, MD & CEO of NPCI, said "This extension will provide more flexibility to RuPay Classic card holders including the PMJDY customers who have been brought under the ambit of mainstream banking."
The government, meanwhile, has launched RuPay cards along with Pradhan Mantri Jan Dhan Yojana (PMJDY). It works in the same manner as credit and debit cards and can be used both online and at ATMs. At present, there are over 220 million RuPay cardholders in India.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
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