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The Finance Ministry has increased the usage period of RuPay Cards to 90 days from the earlier limit of 45 days for a claim under the inbuilt accident insurance cover of ₹1 lakh.
“One stipulation for making the claim under accidental death or permanent disability was that the RuPay Card holder has to carry-out at least one successful transaction…up to 45 days prior to the date of incident resulting into claim,” said a Finance Ministry release on Thursday, adding that it was creating problems for some of the subscribers.
Account holders under the Pradhan Mantri Jan Dhan Yojana (PMJDY) with RuPay Cards have the ₹1 lakh accident insurance cover. The issue was also taken up with the National Payment Corporation of India (NPCI) that operates the RuPay debit Cards.
“NPCI has extended 45 days usage condition to 90 days for RuPay Classic cardholders with effect from November 25, 2015,” said the release.
Of the 697 claims under accidental insurance under the scheme, 644 claims have been disposed of by November 20.
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