►Many PNB RuPay Credit Cards come with complimentary insurance coverage, primarily Personal Accident Insurance, offered by NPCI (National Payments Corporation of India) for RuPay cardholders. The specifics of the coverage, including the sum insured and eligibility criteria, depend on the variant of your PNB RuPay Credit Card (e.g., Platinum, Select, Millennial). Here's a breakdown of what "PNB RuPay Credit Card Insurance Payment" generally refers to and how it works: 1. Complimentary Insurance, Not a Separate Payment: It's important to understand that for most PNB RuPay Credit Cards, the personal accident insurance is a complimentary benefit provided by RuPay (NPCI) in partnership with an insurance provider (like Tata AIG or New India Assurance, depending on the card variant and program year). You generally do not make a separate payment for this insurance premium yourself. The cost is usually absorbed by RuPay or the bank as part of the card's features. 2. Types of Coverage: The primary insurance benefit typically offered is Personal Accident Insurance, which covers: Accidental Death: In case of the cardholder's accidental demise. Permanent Total Disability: If the cardholder suffers a permanent disability due to an accident. Some premium cards might offer additional benefits, but the core is usually accidental cover. 3. Sum Insured: The sum insured varies significantly based on the RuPay card variant: RuPay Platinum Credit Cards: Often come with a higher sum insured, frequently ₹2 Lakhs or more (some sources mention up to ₹10 Lakhs for certain premium variants like Millennial or Select). RuPay Select Credit Cards: Similar to Platinum, typically offering substantial coverage, potentially up to ₹10 Lakhs. Other variants: May have different coverage amounts. 4. Eligibility for Claiming Insurance: To be eligible for the insurance benefit, the cardholder usually needs to meet certain criteria, which commonly include: Minimum Transaction: The cardholder must have performed at least one successful financial or non-financial transaction (POS, e-commerce, ATM, MicroATM) using their RuPay Credit Card within a stipulated period prior to the date of the accident. This period can be 30 days, 45 days, or 90 days, depending on the RuPay card variant and the specific insurance program year. It's crucial to check the terms and conditions specific to your card. Active Card: The card must be active and in good standing at the time of the accident. 5. How to Make an Insurance Claim: If an unfortunate event occurs that might be covered under the complimentary insurance: Contact PNB: The first step is to contact your PNB branch or PNB's credit card customer care immediately to intimate the claim. They will guide you through the process and provide the necessary claim forms. Insurance Provider: The actual insurance policy is typically underwritten by an insurance company (e.g., Tata AIG General Insurance, New India Assurance). PNB will facilitate the claim process with them. Documentation: You will need to submit a set of documents, which usually includes: Duly filled and signed claim form. FIR copy (First Information Report) or police report describing the accident. Death Certificate (in case of accidental death). Post-mortem report (if applicable). Medical records and disability certificate (in case of permanent disability). Aadhaar/PAN cards of the cardholder and nominee. Copy of the RuPay Credit Card. Declaration from the bank confirming the cardholder's active status and transaction details. Nominee details and bank account information. Timelines: Claim intimation usually needs to be done within a specific timeframe (e.g., 90 days from the date of the accident), and supporting documents must be submitted within another stipulated period (e.g., 60 days from intimation). Investigation and Settlement: The insurance company will investigate the claim. Once approved, the claim amount will be disbursed to the nominee/beneficiary via NEFT. To get precise details about the insurance coverage on your specific PNB RuPay Credit Card, including the exact sum insured, eligibility conditions, and the claim process, it's highly recommended to: Check PNB's official Credit Card portal or website: Look for the specific terms and conditions for your card variant. Contact PNB Customer Care: Call their credit card helpline. Visit your nearest PNB branch: They can provide you with detailed information. Always keep your credit card active and make occasional transactions to ensure you remain eligible for the complimentary insurance benefits .
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