PNB Bank RuPay Insurance Program FY 2025-26 for RuPay

PNB Bank RuPay Insurance Program FY 2025-26 for RuPay PMJDY

PNB Bank RuPay Insurance Program FY 2025-26 for RuPay PMJDY Cards from Download

The RuPay Insurance Program for FY 2025-26 extends personal accident insurance coverage for RuPay PMJDY (Pradhan Mantri Jan Dhan Yojana) cards from 1st April 2025 up to 31st March 2026 (RuPayInsur… p. 1). The New India Assurance Company Ltd serves as the continuous insurance partner for this program (RuPayInsur… p. 1).

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

1. Plan Structure & Sum Insured

Covered Events: Provides financial benefits for Accidental Death and Permanent Total Disability (PTD) (RuPayInsur… p. 7).
Old PMJDY Cards: Accounts opened up to 28th August 2018 qualify for a sum insured of ₹1 Lakh (RuPayInsur… p. 7).
New PMJDY Cards: Accounts opened from 28th August 2018 onwards qualify for an enhanced sum insured of ₹2 Lakhs (RuPayInsur… p. 7).
Global Scope: Features worldwide coverage with claim compensation paid in Indian Rupees (RuPayInsur… p. 8).
Age Limit: Open to all eligible cardholders above 5 years of age (RuPayInsur… p. 7).

2. Mandatory Transaction Criteria

The 90-Day Window: Cardholders must perform at least one successful financial or non-financial transaction within 90 days prior to the date of the accident (including the accident date itself) (RuPayInsur… p. 7).
Eligible Channels: Valid across on-us and off-us channels including ATMs, Micro ATMs, POS terminals, E-commerce platforms, or bank Business Correspondents (RuPayInsur… p. 7).
New Card Exception: The cover remains valid if an accident occurs within the first 90 days of card issuance before a qualifying transaction window can be established (RuPayInsur… p. 11).

3. Claim Timelines & Submission

Claim Intimation: Incidents must be reported via email to rupay@newindia.co.in within 90 days from the date of the accident (RuPayInsur… p. 2).
Document Mailing Deadline: Complete hard-copy document sets must be physically submitted within 60 days from the intimation date (RuPayInsur… p. 3). Scanned images are not accepted (RuPayInsur… p. 3).
Physical Address: Sent to The New India Assurance Company Ltd., MRO2 – Non Suit Claims Hub – Borivali, A 102, Bhattad Towers, Kora Kendra Road, Borivali West, Mumbai – 400092 (RuPayInsur… p. 2).
Ten-Day Settlement: Eligible claims are settled via NEFT within 10 working days from receiving the complete document set (RuPayInsur… pp. 3, 5).

4. Required Paperwork

Bank Declaration: Official Annexure D on bank letterhead with a signature/seal verifying the 16-digit card number and matching 90-day transaction account log (RuPayInsur… pp. 6, 22).
Accidental Death Claims: Completed claim form, certified Death Certificate, FIR/Police report (with notarized English/Hindi translation), Post Mortem report, and Nominee details (RuPayInsur… pp. 5-6).
Disability Claims: Claim form, discharge card detailing case history, and a medical disability certificate confirming the precise duration and percentage of disability certified by a treating physician (RuPayInsur… p. 6).