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Do you know you can get a free air accident cover with your savings account?
Key Takeaways
IDFC FIRST Bank provides complimentary air accident insurance on its Mastercard and Visa Debit Cards linked to savings accounts. This benefit comes at no extra cost to customers.
- You can secure up to ₹1 crore coverage with a ₹25,000 average monthly balance or ₹30 lakh with a ₹10,000 balance.
- The insurance cover is valid for both domestic and international flights, ensuring financial security no matter where you fly.
- You need to book your flight ticket using your IDFC FIRST Bank debit card to be eligible for the air accident insurance cover.
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?
Let’s look at the answer and understand why free air accident coverage with a debit card is such an important benefit.
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What is air accident cover?
Air accident cover, also referred to as air accident insurance, is a unique feature offered by certain banks as a savings account benefit. This feature provides a financial safety net in the event of an unfortunate accident while travelling by air. By activating this coverage, you are financially securing yourself against unforeseen circumstances during air travel.
Why this matters to you
If you travel often, or if you're securing peace of mind for your loved ones, this cover is more than a perk; it’s solid financial protection. And since it’s free, extensive, and linked directly to a debit card purchase, it comes across as a genuine benefit.
Why IDFC FIRST Bank’s air accident cover works in your favour
Banks often charge for travel insurance or offer limited coverage. IDFC FIRST Bank stands out by providing global protection at no extra cost. This matters if you’re always on the move or travelling with family. Having this benefit with an IDFC FIRST Bank savings account is both smart and reassuring.
Benefits of air accident cover
Here’s what you get with IDFC FIRST Bank’s 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
One of the biggest advantages of this coverage is that it comes free with your IDFC FIRST Bank savings account. You don’t need to pay any premium; it’s an inbuilt benefit that financially safeguards you and your family during air travel. This makes it a smart, cost-effective way to enjoy extra protection while managing your everyday banking.
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 e-commerce 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 ₹500.
- These transactions should be spread out across the three months.
- In addition to this, for air insurance, the flight ticket booked should be purchased by debit card holders of an IDFC FIRST Bank account.
Accident cover benefits with your IDFC FIRST Bank savings account:
- ₹1 crore air accident coverage with your IDFC FIRST Bank savings account with the ₹25,000 Average Monthly Balance (AMB) variant.
- ₹30 lakh air accident insurance coverage with your IDFC FIRST Bank savings account with the ₹10,000 AMB variant.
- Visit our website or contact customer support for more information.
Choosing the right savings account can give you free air accident cover, ensuring financial protection and peace of mind for you and your family while travelling.
Conclusion
By using the air accident protection feature linked to your IDFC FIRST Bank savings account debit card, you are taking a proactive step to financially secure yourself and your family while flying. This free benefit is available to all Mastercard and Visa Debit Card holders. Depending on your account variant, you can also enjoy personal accident cover, ₹5 lakh for the ₹10,000 AMB variant or ₹35 lakh for the ₹25,000 AMB variant, offering a simple and effective way to protect yourself.
Visit the IDFC FIRST Bank website or contact customer support to learn more and make the most of this coverage.
The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirst.bank.in for latest updates.
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