The time limit for usage of RuPay card to be eligible for accident insurance cover provided to Jan Dhan account holders has been extended to 90 days, an official statement said on Thursday.
“National Payment Corporation of India (NPCI) has extended 45 days usage condition to 90 days for RuPay Classic cardholders with effect from November 25, 2015,” said the union finance ministry statement.
Accordingly, accident arising on or after 12.00:01 a.m. on November 2015 will be considered for extended period.
Claim intimations on RuPay Classic cards where accident has occurred before 11.59.59 p.m. on November 24, 2015 will not be eligible for claim benefit under 90 days usage condition.
Under the Jan Dhan account scheme, the account holders were issued RuPay debit card and an accident insurance cover of Rs.100,000.
As per the original condition, an accident insurance claim is permissible only if the account holder had used the debit card atleast one successful transaction upto 45 days prior to the accident resulting in death or permanent disability.
This condition was posing problem to the RuPay card holders.