What amount of insurance is provided for Rupay classic card holders?

What amount of insurance is provided for Rupay classic card holders?
[A]Rs. 50,000/-
[B]Rs. 75,000/-
[C]Rs. 1,00,000/-
[D]Rs 2,00,000/-

Rs. 1,00,000/-
The Rupay classic card holders are provided with Rs. 1,00,000/- insurance coverage for death due to accidental injury and permanent disability. RuPay (Rupee + Payment) is India’s first locally designed and developed debit card offered by National Payments Corporation of India (NPCI). Recently, the government of India has extended the usage criterion of the RuPay debit cards in order to avail of the in-built insurance cover. Earlier, cardholders had to use the card within 45 days prior to claim the insurance claim. This has now been extended to 90 days.

Advertisement

This question "What amount of insurance is provided for Rupay classic card holders?" was published on GKToday on November 27, 2015 at 1:55 pm. For Current Affairs Questions Archive Click Here. For General Knowledge Questions Archive Click Here.

Comments