Terms and Conditions: Air Accident Cover

Lost Card Liability

• All PIN based transactions (like ATM, Internet and telephone etc) are not covered.
• Pre-delivery fraud not covered.
• 2 days (includes reporting day) pre-reporting and 7 days (Includes reporting day) post reporting claims are covered.
• Claim has to be reported by Card holder within 15 days from the date of loss in case of card to be admissible for claim.
• Insurance benefit would be available only to Active card users. An active card is defined as the card with one transaction/ activity on any POS terminal in last 6 months from date of loss.

Counterfeit card liability:

• Claim has to be reported by cardholder within 15 days from the date of issue of statement containing the disputed counterfeit transaction.

Personal Accident (AIR):

• Cover: Accidental death due to air accident.
• In the event of insured having multiple cards, the personal accident claim would be payable on one card only, with maximum benefits (highest sum insured)
• Card should have been used at least once for retails purchase in 90 days before date of loss