Important Notice
RuPay Card Scheme is a network set-up to provide secured, robust, scalable, simple, transparent, inclusive, user friendly and affordable solutions to entities to issue cards in India. NPCI introduced a unique feature of Personal Accident Insurance for RuPay PMJDY Cards, RuPay Platinum Cards and RuPay Select Cards for accidental death or permanent disability only. The Insurance coverage program for RuPay PMJDY, RuPay Platinum and RuPay Select Cardholders has been extended up to March 31, 2026*. Extension of Insurance program beyond aforesaid period will be communicated by NPCI before the expiry of current period. Following are the details of the said RuPay Insurance Program:-
Sailent Terms and Conditions:
- RuPay Cardholders will be eligible for the compensation of only 1 eligible RuPay Card per cardholder or per customer, even if multiple cards of different bank are meeting the eligibility criteria. The choice of the card for the claim would rest with the customer.
- The below are key details* of insurance cover available:
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Debit Card Variant
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Applicable Insurance Cover**
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Eligibility Criteria
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Insurance partner with NPCI
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PSB RuPay Select Debit Card
(BIN-65249703)
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Upto Rs.10,00,000/-
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Minimum one successful RuPay Card induced financial transaction at any PoS/E-com, both Intra and Inter-bank i.e., on-us or off us within 30 days prior to date of accident including accident date of RuPay Cardholder
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The New India Assurance Company Ltd.
(Email: rupay[at]newindia[dot]co[dot]in)
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PSB RuPay Platinum Debit Card
(BIN-652167)
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Upto Rs.2,00,000/-
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Minimum one successful RuPay Card induced financial transaction at any PoS/E-com, both Intra and Inter-bank i.e., on-us or off us within 30 days prior to date of accident including accident date of RuPay Cardholder
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The New India Assurance Company Ltd.
(Email: rupay[at]newindia[dot]co[dot]in)
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PSB PMJDY Debit Cards issued till 28-Aug-18
(BIN-607078)
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Upto Rs.1,00,000/-
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Minimum one successful RuPay Card induced Financial or Non-Financial Transaction at any channel both Intra and Inter Bank within 90 days prior to date of accident including accident date of RuPay Cardholder
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The New India Assurance Company Ltd.
(Email: rupay[at]newindia[dot]co[dot]in)
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PSB PMJDY Debit Cards issued after 28- Aug-18
(BIN-607078)
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Upto Rs.2,00,000/-
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(*Subject to change by NPCI)
(**Refer to the FAQs for the applicable exclusions under the said insurance policy)
- Compensation of Insurance benefit will be made to the eligible bonafide beneficiary, as per the law of the land, on submission of complete documentation set prescribed under Procedure for Claim.
Procedure for Claim
- Claim for insurance against policy will need to be submitted through the Card Issuing Branch-directly with The New India Assurance Company Ltd. as per claim process enclosed.
- The enclosed document i.e. Claim process, FAQs, Claim Form and Policy Wording may be referred in order to communicate the features to channels and RuPay cardholders
