Types of Insurance Offered

• Many credit cards include complimentary insurance coverage.

• Travel insurance is common with premium and international cards.

• Some cards provide personal accident and life cover.

• Purchase protection insurance covers lost or damaged items.

• Card protection plans assist in case of fraud or card loss.

Travel Insurance Benefits

• Covers trip cancellation, baggage loss, and delays.

• Emergency medical coverage is included on overseas trips.

• Flight delay or missed connection compensation is offered.

• Some cards also offer hijack distress allowances.

• Coverage applies when the ticket is booked with the card.

Purchase and Theft Protection

• Covers accidental damage or theft of newly purchased items.

• Applies to purchases made using the credit card.

• Claim period usually ranges from 30 to 90 days.

• Maximum coverage limit is defined per transaction or year.

• Requires original bills and proof of incident for claim.

Accident and Life Coverage

• Some cards offer personal accident insurance to the cardholder.

• Air accident insurance provides high coverage amounts.

• Life insurance may be bundled with select cards or add-ons.

• Coverage may extend to supplementary cardholders.

• Terms vary by card type and bank partnership.

Claim Process and Conditions

• Claims must be filed within a specified time after the event.

• Supporting documents like FIRs or hospital bills are required.

• The bank or partner insurer processes the claim.

• Some benefits require prior activation or enrollment.

• Always read the card’s insurance terms and exclusions.