ATM Card Free Insurance: Your Debit Card Gives Up to ₹10 Lakh Cover, Most People Don’t Know

By Prateek Maurya Dec 13, 2025 1

Many people use debit cards every day, but very few know about ATM Card Free Insurance. If you have a bank ATM card, this information can be very useful for you. Banks give debit cards to their customers for cash withdrawal, online payments, and shopping. Along with these services, banks also provide free insurance on ATM cards, which can go up to ₹10 lakh.

ATM Card Free Insurance Coverage Explained

Under ATM Card Free Insurance if you have used your debit card at least once in the last 45 days, you can get free insurance benefits. This insurance includes accident cover and life insurance. The insurance amount depends on what types of ATM card you have.

For example: SBI Gold ATM card users get a death cover of ₹4 lakh & accident insurance of ₹2 lakh. Premium ATM card holders can get insurance up to ₹10 lakh in case of death and up to ₹5 lakh for accidents. Some different banks offer different coverage limits.

ATM Card Free Insurance Claim Process in Simple Steps

Claiming ATM Card Free Insurance is very easy. First, make sure your nominee details are updated in your bank account. In case of an accident, you need documents like hospital bills, medical reports, police FIR & accident or death certificate.

You can submit the insurance claim online or by visiting your bank branch. Fill out the claim form and attach all required documents. The bank will then start the claim process. Remember, the claim should be filed within 60 days of the accident.

ATM Card Free Insurance is a free benefit that can help your family during emergencies. Every debit card holder should be aware of this useful insurance facility.

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Prateek Maurya

Prateek Maurya is the founder of Explain24. He holds a Bachelor’s degree in Computer Science and has experience of over 3 years as a content writer. Before the establishment of Explain24, he has experience as a content writer at StudyCafe, where he worked on crafting well-informed, informative, and reader-friendly articles. He currently heads Explain24 with a fervent aim to put out authentic and easily readable news pieces.