PNB Bank RuPay Insurance Program FY 2023-24 for RuPay PMJDY Cards from Download

The RuPay Insurance Program (FY 2023-24) for RuPay PMJDY Cards provides Personal Accident Insurance to Pradhan Mantri Jan Dhan Yojana (PMJDY) cardholders (Claim Proc… p. 1). It is underwritten by The New India Assurance Co. Ltd. (Claim Proc… p. 1)

Here are the key points of the program and its claim process:

• Covered Events: Provides financial benefits for Accidental Death and Permanent Total Disability (PTD) (Claim Proc… p. 6).
• Old PMJDY Cards: Accounts opened up to August 28, 2018, receive a sum insured of ₹1 Lakh (Claim Proc… p. 6).
• New PMJDY Cards: Accounts opened after August 28, 2018, receive an enhanced sum insured of ₹2 Lakhs (Claim Proc… p. 6).
• Global Protection: The policy features worldwide coverage, and claims are settled in Indian Rupees (Claim Proc… p. 7).
• Age Limit: Open to all eligible cardholders above 5 years of age (Claim Proc… p. 6).

• The 90-Day Window: Cardholders must perform at least one successful financial or non-financial transaction within 90 days prior to the accident date (including the accident date itself) (Claim Proc… p. 6).
• Channels Allowed: Acceptable transactions include usage at ATMs, Micro ATMs, POS terminals, E-commerce platforms, or via a bank Business Correspondent (Claim Proc… p. 6).
• New Card Exception: Payouts remain valid if the accident occurs within the first 90 days of card issuance before a qualifying transaction window can be established (Claim Proc… p. 10).

• Claim Intimation: Must be sent to ch14@newindia.co.in within 90 days of the accident (Claim Proc… p. 1).
• Document Submission: Complete hard-copy document sets must be submitted via post or courier within 60 days of the initial intimation (Claim Proc… p. 2).
• Fast Settlement: Eligible claims are settled within 10 working days from the date the insurer receives the complete document set (Claim Proc… p. 2).

• Bank Confirmation: Annexure D form filled on the bank’s letterhead detailing the 16-digit card number and transaction logs confirming compliance (Claim Proc… pp. 4, 20).
• Accidental Death: Claim form, certified Death Certificate, certified FIR/Police Report (in English/Hindi), Post Mortem Report, and Nominee Aadhar/banking details (Claim Proc… p. 4).
• Total Disability: Certified Discharge Card confirming the duration and precise percentage of disability from the treating surgeon (Claim Proc… p. 5).

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