Monday, 3 August 2020

Insurance on your HDFC Bank Credit Card | Swipe your way to a secure future

Insurance on your HDFC Bank Credit Card | Swipe your way to a secure future

HDFC Bank offers a variety of credit cards to cater the various needs of the people. HDFC Bank Credit Cards come with various benefits, exciting rewards and amazing discounts. Now you can use your HDFC Bank credit card a minimum of 4 times every month and get Accidental Insurance and Theft & Fire Insurance.



 

Insurance on your HDFC Bank Credit Card

You need to do a minimum of 4 transactions each of Rs.100 and above on your HDFC Bank Credit Card in month to be eligible for the Accidental Insurance and Theft & Fire & Insurance in the following month. The Accidental Death cover will be for 5 times of your credit limit and a maximum up to Rs. 50,00,000/-. The Fire & Burglary cover for the items purchased above Rs. 5000/- using Insured Credit Card of HDFC BANK. The maximum sum insured will be Rs. 2,00,000/- and up to a period of 180 days.

 


Accidental Death Insurance on HDFC Bank Credit Card

You need to complete 4 transactions using HDFC Bank Credit Card in a calendar month to be eligible for Accidental death insurance. The Accidental Death cover will be up to 5 times of your credit card limit and a maximum up to Rs. 50,00,000/- for the subsequent month.

 


Key features of Accidental Death Insurance

Following are the key features of Accidental Death Insurance on your HDFC Bank Credit Card:
1. The Accidental Death cover shall not exceed 5 times of your credit card limit subject to a maximum of Rs. 50,00,000/-.
2. This is applicable for primary cards only.
3. To be eligible for a claim, you need to do 4 Non-ATM swipes / E Commerce transactions compulsorily in the month prior to the month of date of accident.
4. will be eligible for a valid claim in the month of policy inception with 4 transactions apart from the subsequent month coverage from the date of accident.
5. This policy covers accidental death due to road or rail accidents only
5. The personal accident coverage is on worldwide basis.

Procedure for Claim

1. Legal heir need to intimate about accidental death at bankclaims@hdfcergo.com within 30 days.
2. All relevant claims document should be submitted at bankclaims@hdfcergo.com within 60 days from date of loss. Documents required for Claim
3. HDFC Ergo will within three days if any additional documents are required.
4. HDFC Ergo to process the claim and settle the claim to claimant’s account if all documents are as per the checklist.
5. The insurance company will provide a repudiation letter to the claimant with the reason of repudiation in case of claim repudiation.

 
Fire & Burglary Insurance

The Fire & Burglary cover for the items purchased above Rs. 5000/- using HDFC Bank Credit Card. The maximum sum insured will be Rs. 2,00,000/- and valid for period of 180 days.

Key features of Fire & Burglary Insurance

Following are the key features of Fire & Burglary Insurance on your HDFC Bank Credit Card.
1. The Fire & Burglary cover is valid for 180 days post purchase and for the items purchased above Rs. 5000/- using HDFC Bank Credit Card.
2. The coverage limit is Rs. 25,000/- per item for personal portable equipment.
3. The maximum sum insured is Rs. 2,00,000/- for any other assets.
4. The articles purchased through your insured HDFC Bank Credit Card are covered. You need to immediately report details of such loss or damage or injury to the Bank within 48 hours of the incident.
5. Articles combustible in nature, motor vehicles / pedal cycle deeds, unset precious stones, business books, manuscripts, bonds, bills of exchange, promissory notes, share certificates, document of any kind, jewellery and valuables are not covered under this policy.

Procedure for Claim

1. You need to intimate any loss event at bankclaims@hdfcergo.com within 15 days.
2. All relevant claims document should be submitted at bankclaims@hdfcergo.com within 45 days from date of loss. Documents required for Claim



Note

The feature is applicable on Retail and Business Credit cards from 1st September,2018 till 31st August,2019. Corporate Cards and Commercial Cards are not included in this promotion. This offer is for Indian residents and citizens only. Any participation in the offer is voluntary.





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Insurance on your HDFC Bank Credit Card | Swipe your way to a secure future




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