Enhanced Insurance Coverage
Axis Bank Debit Cards come with a comprehensive insurance cover on debit cards. These include:
Personal Accident Insurance Cover: In the unfortunate event of loss of life in a mishap, the customer's beneficiaries will receive the benefit of accident insurance of Rs. 5 lakhs.
Zero Lost Card Liability: As an Axis Bank Debit Card customer, you will be insured for risk of loss due to fraudulent use of a lost or stolen or missing debit card, making you eligible for lost card liability cover of upto Rs. 1,75,000. All you need to do is communicate the loss of your card by calling our 24-hour customer service number.
Purchase Protection: All consumer durable goods purchased using the debit card are insured against fire, natural calamity, burglary and housebreaking up to 90 days from the date of purchase. Making you eligible for purchase protection of upto Rs. 50,000.
Note: To avail the insurance cover, a report would have to be made and given to Axis Bank within 60 days of a personal accident or 30 days of loss of card. The insurance cover would be activated if you have made at least one POS transaction within 180 days prior to the date of the mishap.