Accidental Insurance for RuPay ATM Card Holders: Details Here - All You Need To Know

Accidental Insurance for RuPay ATM Card Holders: Details Here - All You Need To Know


All RuPay ATM-cum-debit cardholders are presently eligible for accidental death and permanent disability insurance cover. RuPay Classic cardholders are eligible for cover of Rs.1 lakh, whereas RuPay Premium cardholders are eligible for cover of Rs.2 lakh. Insurance premium is paid by the National Payments Corporation of India. 872 cardholders received insurance claims during the financial year 2016-17. 

Benefits of RuPay Card 

The Indian market offers huge potential for cards penetration despite the challenges. RuPay Cards will address the needs of Indian consumers, merchants and banks. The benefits of RuPay debit card are the flexibility of the product platform, high levels of acceptance and the strength of the RuPay brand-all of which will contribute to an increased product experience.

Lower cost and affordability :
Since the transaction processing will happen domestically, it would lead to lower cost of clearing and settlement for each transaction. This will make the transaction cost affordable and will drive usage of cards in the industry.
Customized product offering :
RuPay, being a domestic scheme is committed towards development of customized product and service offerings for Indian consumers.
Protection of information related to Indian consumers :
Transaction and customer data related to RuPay card transactions will reside in India. 
Provide electronic product options to untapped/unexplored consumer segment : 
There are under-penetrated/untapped consumers segments in rural areas that do not have access to banking and financial services. Right pricing of RuPay products would make the RuPay cards more economically feasible for banks to offer to their customers. In addition, relevant product variants would ensure that banks can target the hitherto untapped consumer segments.
Inter-operability between payment channels and products : 
RuPay card is uniquely positioned to offer complete inter-operability between various payments channels and products. NPCI currently offers varied solutions across platforms including ATMs, mobile technology, cheques etc and is extremely well placed in nurturing RuPay cards across these platforms.
Offers on RuPay Debit Card

Concierge services- Offer Details
::Offer:: 24X7 Concierge Services
Validity Period: Valid till 31st March 2018
  • Domestic Services
  • Gift Delivery Assistance
  • Flower Delivery Assistance
  • Restaurants Referral and Arrangement
  • Courier Services Assistance
  • Car Rental and Limousine Referral and Reservation Assistance
  • Golf Reservations
  • Movie tickets sourcing Assistance
  • Car Rental & sightseeing Assistance
  • IT Return assessment and filling assistance
  • Investment Consultancy- Real Estate, Mutual Funds, Equity, Debits, F& Os
  • Insurance Consultancy – Life insurance , General Insurance and health Insurance
::Terms & Conditions::
1) RuPay Platinum Debit Card Concierge service can be available in English or Hindi by calling toll free number – 1800-26- RUPAY (78729).
2) For services that are on chargeable basis that cost shall be communicate by the service provider at the time of placing the request. Cardholder needs to bear the cost of the services and any other cost incurred to mobilise or facilitate the service.
3) The above services can be used by cardholder multiple times.
4) NPCI is only facilitating the services and does not advocate the services provider or services its merchants/vendors.
***In case of any failure / non acceptance of RuPay Card kindly, contact your respective Bank

Utility bill payment cashback - Offer Details
:: Offer Details:: 5% cash back on utility bill payments.
Validity Period: Valid till 31st March 2018
  • Cash back will be calculated at the end of a calendar month.
  • 5% or Rs. 50, whichever is lower will be processed as cash back.
  • Payments have to be done using eligible and valid RuPay Platinum Debit Card.
::Terms & Conditions::
1. The Card Holder shall be entitled to the following cash back for transactions made using the RuPay Platinum Debit Card only:
a. 5% Cash back on utility bills subject to a maximum cap of Rs. 50 per calendar month. Card Holder can pay one or more utility bills, however the cash back shall be subject to a maximum cap of 5% or Rs. 50 per calendar month, whichever is lower.
b. Identification of transactions are based on Merchant Category Codes (MCC) allotted by NPCI. NPCI will not be responsible for providing cash back for transactions at merchant outlets/ franchisees / website which have not registered themselves under the MCCs assigned for utility.
c. Transactions on the MCC include all and any payment made on Utilities — electric, gas, water and sanitary only.
2. If a Card Holder's RuPay Platinum Debit Card is terminated at any time for any reason, whether by the Card Holder or the Bank, the Card Holder will forthwith be disqualified from earning the cash back after voluntary or involuntary cancellation of the RuPay Platinum Debit Card.
3. NPCI shall not be liable if the Card Holder is unable to make payments any one or more of the following circumstances:
a. If the Card Holder’s Bank account with member bank does not contain sufficient funds to cover the payment of the respective bill or the bill amount exceeds the overdraft limit, if any, granted to the Card Holder.
b. If the funds available in the Card Holders bank account with the issuing banks is under any attachment, lien or charge.
c. The name of Biller and/or details required by the Biller for effecting the payment is not correctly provided by the Card Holder.
d. Due to refusal of the Biller to receive the payment for any reason whatsoever.
e. For any causes due to Force Majeure such as earthquake, flood, fire and other natural calamities or circumstances beyond the control of the RuPay.
4. NPCI reserves the absolute right to extend or terminate this Offer or alter the terms & conditions at any time.
5. Any dispute arising out of this Offer or the terms and conditions shall be subject to the jurisdiction of the Courts in Mumbai, Maharashtra.
6. Standard Offer Terms and Conditions are additionally applicable.
***In case of any failure / non acceptance of RuPay Card kindly, contact your respective Bank

Domestic Lounge access - Offer Details
::Offer:: Domestic Lounge Access
Validity Period: Valid till 31st March 2018
  • 2 Visit per calendar quarter per card.
  • Payment have to be done using eligible and valid RuPay Platinum Debit card.
::Terms and Conditions::
1) The Program is applicable at select airport lounges across India listed in Annexure
2) RuPay Platinum Debit Card holder/s of participating banks/s are eligible to avail of airport lounge access program.
3) Access to the airport lounge would be granted upon successful authorization of the RuPay Platinum debit card on the point od sale terminal/s placed at the lounge/s.
4) RuPay Platinum Debit card airport lounge program is valid till March 2018 the period may be revised/ extended at the discretion of NPCI and the same will be communicate periodically.
5) Program is open only for card Holder carrying a valid and eligible RuPay Platinum Debit Card issued in India.
6) Only two free access per card holder per calendar quarter will be permitted subject to maximum of 8(eight) airport Lounge access per year. Unutilized access will lapse at the end of quarter and cannot be carried to next quarter.
7) In case, a card holder access the airport lounge beyond 2 times, he/she will be charged as per the regular access rates prescribed by the lounge.
8) Card Holder/s/is/are advised to check the services and facilities that are covered under the RuPay airport lounge access program.
9) An authorization for an amount (RS.2) will be taken on the card for validation purpose only and it will be charged to card Holder’s account. The authorization charge is non- refundable.
10) The program can be modified, amended, changed or evoked at any time by NPCI without prior intimation.
11) The access to the airport lounge will be available on first –come-first serve basis.
12) Complimentary access is limited to the card holder.
13) Complimentary access cannot be transferred or encashed.
14) Complimentary access may also be restricted or unavailable if NPCI withdraws the facility (either as a program or in a relation to any eligible card holder or issue bank or any participating airport lounge) for any reason at its sole and absolute discretion.
15) NPCI offers no guarantee that any privileges, benefits under the program or otherwise will be made available by the participating airport lounge to an eligible card holder and NPCI cannot be held liable for the same. Specifically, the airport lounge access to card holder(s) may be suspended if the validation system at the lounge is unable to swipe and authorize  the customers’ card due to any system malfunction, connectivity issues or any other reason beyond the control of operation.
16) The provision of free alcoholic drinks (where local law permits) is at the discretion of each participating airport lounge operator and in some case may be limited.
17) Participating airport lounges may reserve the right to endorse a maximum stay policy (usually 2 or 3 hours) to prevent overcrowding.
18) Neither NPCI nor any of its subsidiaries or affiliates or member bank nor any of their respective subsidiaries or affiliates (collectively the ‘Promoters’) assumes any responsibilities for the product or services offered at the participating airport lounges. The Products and services are sold or licensed or provided solely by the merchant/participating airport lounge and the promoters accept no liability whatsoever in connection with the products and services.
19) NPCI, serviced provider or participating airport lounge reserve the right to withdraw the offer any time without prior notice.
20) Standard Terms and Conditions are additionally applicable.
***In case of any failure / non acceptance of RuPay Card kindly, contact your respective Bank

This was stated by Shri Santosh Kumar Gangwar, Minister of State for Finance in written reply to a question in Lok Sabha on 28.07.2017.

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