New Delhi. If you are a customer of State Bank of India-SBI, then this can be useful news for you. SBI is giving free insurance up to Rs 2 lakh to its customers.
Actually, this facility of SBI is available to the account holders of Jan Dhan Accounts. SBI offers free accidental insurance cover of up to Rs 2 lakh to customers who have RuPay debit cards.
Those using RuPay Debit Card get death insurance, purchase protection cover and other benefits. Jan Dhan Account account holders can take advantage of free insurance.
Learn how to claim
The Personal Accident Policy under this plan also covers the incident that happened outside India. The claim will be paid in Indian Rupees as per the sum insured on submission of required documents.
The beneficiary can become a nominee in the account of the cardholder or legal heir as per the order of the court.
There is also an option to transfer
There is also an option to transfer Basic Savings Account to Jan Dhan Yojana Account. Those who have Jan Dhan accounts, they get RuPay PMJDY card from the bank.
The sum insured for RuPay PMJDY cards issued on Jan Dhan accounts opened up to August 28, 2018 will be Rs 1 lakh.
Accidental cover benefit of up to Rs 2 lakh will be available on RuPay cards issued after August 28, 2018.
This scheme was started in 2014
Let us tell you that the Pradhan Mantri Jan Dhan Yojana was started in the year 2014.
This scheme ensures access to financial services, banking savings and deposit accounts, credit, insurance, pension to the economically weaker sections in an affordable manner.
Any person can open Jan Dhan account online by providing Know Your Customer (KYC) document.