Many Axis Bank credit cards come with complimentary insurance benefits that can save you from unexpected financial losses. However, most cardholders are either unaware of these benefits or find the official insurance document too technical to understand.
This guide breaks down the various insurance covers offered with eligible Axis Bank credit cards in simple language, explains how they work, and highlights the important conditions you should know before making a claim.
Axis Bank provides complimentary insurance coverage on select credit cards through an insurance partner. Unlike a standalone insurance policy, you don’t have to pay an additional premium for these benefits. If you own an eligible credit card and meet the policy conditions, you can claim compensation in specific situations such as lost baggage, damaged purchases, or outstanding credit card dues.
The insurance benefits vary depending on the credit card you hold. Premium cards generally offer higher coverage than entry-level cards.
Axis Bank Credit Card Insurance Benefits
| Credit Card | Baggage Loss/Delay Cover (USD) | Credit Shield Cover (₹) | Purchase Protection (₹) | Price Protection (₹) |
| Axis Bank Atlas Credit Card | $500 | ₹1,00,000 | ₹1,00,000 | N/A |
| Axis Bank Burgundy Private Credit Card | $500 | ₹5,00,000 | ₹2,00,000 | N/A |
| Axis Bank Burgundy Private NRI Credit Card | $500 | ₹5,00,000 | ₹2,00,000 | N/A |
| Axis Bank Buzz Credit Card | N/A | N/A | ₹60,000 | ₹60,000 |
| Axis Bank Infinite Credit Card | $500 | ₹5,00,000 | N/A | N/A |
| Axis Bank Magnus Credit Card | $500 | ₹5,00,000 | ₹2,00,000 | N/A |
| Axis Bank Privilege Credit Card | $500 | ₹1,00,000 | ₹1,00,000 | N/A |
| Axis Bank Reserve Credit Card | $500 | ₹5,00,000 | ₹2,00,000 | N/A |
| Axis Bank Rewards Credit Card | $500 | ₹1,00,000 | ₹1,00,000 | N/A |
| Axis Bank Select Credit Card | $500 | ₹1,00,000 | ₹1,00,000 | N/A |
| Axis Bank Signature Credit Card | $300 | ₹1,00,000 | ₹1,00,000 | N/A |
| Miles & More Axis Bank Select Credit Card | $500 | ₹5,00,000 | N/A | N/A |
| Miles & More Axis Bank World Credit Card | $500 | ₹1,00,000 | N/A | N/A |
| Vistara Axis Bank Infinite Credit Card | $300 | ₹1,00,000 | ₹1,00,000 | N/A |
| Vistara Axis Bank Platinum Credit Card | $300 | ₹1,00,000 | ₹1,00,000 | N/A |
| Vistara Axis Bank Signature Credit Card | $300 | ₹1,00,000 | ₹1,00,000 | N/A |
| Axis Bank Primus Credit Card | $500 | ₹5,00,000 | ₹2,00,000 | N/A |
| Axis Bank Horizon Credit Card | $500 | ₹1,00,000 | ₹1,00,000 | N/A |
| Axis Bank Olympus Credit Card | $500 | ₹5,00,000 | ₹2,00,000 | N/A |
Types of Insurance Benefits Offered
Personal Accident Insurance for Axis Bank RuPay Credit Cards
Axis Bank does not provide Personal Accident Insurance on its regular credit cards. However, if you have an eligible RuPay Platinum or RuPay Select credit card, you get complimentary Personal Accident Insurance under the NPCI program. The insurance is valid from 1 April 2026 to 31 March 2027 and covers accidental death and permanent total disability.
RuPay Platinum cardholders can get insurance of up to ₹2 lakh, while RuPay Select cardholders can get up to ₹10 lakh. To be eligible, your credit card must be active, and you must have made at least one transaction within 30 days before the accident using your card. Eligible transactions include shopping at stores, online purchases, and UPI payments linked to your RuPay credit card. ATM transactions are not eligible.
The insurance cover is applicable on the following Axis Bank RuPay Credit Cards (Platinum/Select variants):
| Axis Bank RuPay Credit Card | RuPay Variant |
| IndianOil Axis Bank RuPay Credit Card | Platinum |
| Axis Bank Kwik RuPay Credit Card | Platinum |
| Fibe Axis Bank RuPay Credit Card | Platinum |
| Axis Bank MY Zone RuPay Credit Card | Platinum |
| Axis Bank Neo RuPay Credit Card | Platinum |
| Axis Bank Supermoney RuPay Credit Card | Platinum |
| Google Pay Flex Axis Bank RuPay Credit Card | Platinum |
| IndiGo Axis Bank RuPay Credit Card | Platinum |
| Airtel Axis Bank RuPay Credit Card | Select |
| Axis Bank Magnus RuPay Credit Card | Select |
| Axis Bank Select RuPay Credit Card | Select |
Note: Any new Axis Bank RuPay Platinum or RuPay Select credit cards launched in the future will also be eligible for this complimentary Personal Accident Insurance.
Baggage Delay Insurance
Baggage Delay Insurance helps you cover the cost of essential items if your checked-in baggage is delayed by more than 6 hours on an international flight departing from India. If your luggage doesn’t arrive on time, you can buy emergency necessities such as clothes, toiletries, and other essential items, and the insurance may reimburse these expenses as per the policy terms. To be eligible, you should inform the airline immediately about the delayed baggage and keep all the required documents and purchase receipts while filing your claim.
Baggage Loss Insurance
Baggage Loss Insurance provides financial assistance if your checked-in baggage is completely lost during an international trip booked using your eligible Axis Bank credit or debit card. If your luggage goes missing, you can claim reimbursement for essential items such as clothes, toiletries, and other daily necessities that you need to buy while traveling. This benefit is available only for international flights departing from India and does not cover domestic travel. To make a claim, you must have booked your flight using the same Axis Bank card on which you’re claiming the insurance, inform the bank about the loss within 7 days, and submit all the required documents, including purchase receipts, within 30 days of the incident. Please note that the insurance covers only the complete loss of checked-in baggage and does not apply to partial loss or minor damage.
Purchase Protection Insurance
If you buy an item using your eligible Axis Bank Credit Card, it may be covered under Purchase Protection Insurance. This benefit protects eligible purchases against fire, burglary, or theft for up to 90 days from the date of purchase. However, the item must be kept inside your permanent residential home (a pucca/concrete house) to qualify for the cover. To make a claim, you must inform the bank within 7 days of the incident and submit all the required documents within 30 days. Please note that the insurance does not cover normal wear and tear, depreciation, accidental damage not caused by fire or theft, losses due to war, natural disasters, government action, or any indirect or consequential losses. The exact compensation depends on the insurance limit available on your credit card.
Credit Shield Insurance
Credit Shield Insurance helps protect your family from your outstanding credit card debt in case of your accidental death. If the cardholder passes away due to an accident, the insurance company will pay the outstanding balance on the eligible Axis Bank credit card, up to the coverage limit available for that card. To be eligible, the cardholder must have made at least one POS (store) or online transaction within 90 days before the accident. The nominee or a family member should inform the bank about the incident within 20 days and submit the required documents within 50 days. This benefit can reduce the financial burden on your family during a difficult time.
Bottom Line
Axis Bank credit cards offer several complimentary insurance benefits that can provide financial support during unexpected situations, such as lost baggage, delayed luggage, theft of purchased items, or accidental death. However, these benefits are available only on eligible credit cards and are subject to specific terms and conditions. Before relying on any insurance cover, it’s important to check the benefits available on your card, understand the coverage limits, and know the claim process. Being aware of these complimentary features can help you make the most of your Axis Bank credit card and avoid unnecessary financial stress when you need assistance the most.