Do you know you can get a free air accident cover with your Savings Account?

In today's fast-paced world, safety is of paramount importance, especially when it comes to air travel. Many banks in India offer accidental insurance with their Savings Accounts,  but how many provide free air accident insurance coverage? 

Lt's discuss the answer to that question and explore the importance of free air accident coverage that a debit card can provide.

What is air accident cover?
 

Air accident cover, also referred to as air accidental insurance, is a unique feature offered by certain banks alongside their Savings Account products. This feature provides a financial safety net in the event of an unfortunate accident while travelling by air. By activating this coverage, you are securing yourself against unforeseen circumstances during air travel.

Benefits of air accident cover
 

• Financial protection
  

  The primary advantage of air accident cover is the financial security it offers in case of accidental injuries or death, resulting from an air travel mishap. The policy typically provides a predetermined lump sum payout to the nominee or the insured person's family, aiding them during a difficult time.

• Worldwide coverage
  

  
  Whether you are travelling within India or abroad, air accident cover benefits extend globally. This means you are protected no matter where your journey takes you, ensuring peace of mind and reassurance while exploring new destinations.

• No additional cost

  
  The best part about this coverage is that it is provided for free, meaning you do not have to pay any additional premium. It comes as an added perk to your Savings Account, making it a cost-effective way to protect yourself and your loved ones.

Customers must meet certain eligibility criteria to claim air accident insurance cover; these criteria include -

• Having a minimum of one Point of Sale (POS) or eCom transaction each month for the past three consecutive calendar months leading up to the month of the incident
• The value of each transaction should be equal to or greater than Rs 500
• These transactions should be spread out across the three-month period
• Additional to this, for air insurance the flight ticket booked should be purchased by debit card holders of an IDFC FIRST Bank account.

Discover the added accident cover benefits of being an IDFC FIRST Bank Savings Account customer  and  get up to -

• Rs 1 crore air accident coverage with your IDFC FIRST Bank Savings Account with Rs, 25,000 Average Monthly Balance variant.
• Rs 30 lakhs air accident insurance coverage with your IDFC FIRST Bank Savings Account with Rs, 10,000 Average Monthly Balance variant.
• Visit our website or contact customer support for more information and

Also read - Five things you must know about debit cards

Conclusion
 

By utilising the air accident protection feature that comes with your Savings Account debit card insurance cover, you are taking a proactive step towards protecting yourself and your family during flights. IDFC FIRST Bank offers free air accident cover that is applicable to all FIRST VISA  Debit Card holders.

Visit our website or contact customer support for more information.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.