While credit cards are steadily becoming mainstream, there’s still a lack of awareness about some of the valuable benefits they offer. A prime example is the air accident insurance provided by many credit cards. If you book your flight tickets using such a card and meet the policy terms, you may be eligible for financial compensation in the unfortunate event of death due to an air accident.
Though air accidents are rare, recent incidents have reminded us of how fragile and unpredictable life can be. In such moments of tragedy, air accident insurance can serve as a vital financial safety net for your loved ones.
What to Keep in Mind?
Air accident insurance terms and conditions vary significantly from card to card and issuer to issuer. It is always advisable to carefully review the policy documents to avoid any misunderstandings or claim rejections.
One common requirement across most credit cards is that flight tickets must be purchased using the same credit card against which a claim is to be filed. Additionally, the credit card must be in active status, meaning at least one eligible transaction should have been made within a specified timeframe. This activity window differs by issuer: some mandate a transaction within the last 90 days, while others offer a more flexible 180-day period.
General Exclusions
The following situations are generally not covered under air accident insurance:
- Pilots on duty, armed forces personnel, police officers, and aircrew members are mostly not covered.
- Any acts of terrorism.
- Fraudulent transactions made by individuals known to the cardholder.
- Death resulting from participation in dangerous sports activities, attempted suicide, self-injury, or natural causes.
Important Links
- Check ICICI Parakram & Parakram Select Credit Air Accident Cover Terms Here.
- Check All IDFC FIRST Credit Cards Air Accident Cover Terms Here.
- Check HDFC Infinia Credit Card Air Accident Cover Terms Here.
- Check HDFC Diners Club Privilege, DCB, and DCB Metal Credit Card Air Accident Cover Terms Here.
- Check ICICI Rubyx, Sapphiro, Emeralde, Emeralde Private Metal, and Times Black Credit Card Air Accident Cover Terms Here.
- Check HDFC Marriott Bonvoy Credit Card Air Accident Cover Terms Here.
Bottom Line
Insurance is often sold at the edge of fear, but the truth is, no matter how much we choose to ignore it, tragedies are a part of life. In such moments, having coverage like air accident insurance can make a world of difference.
From HDFC Bank to AU Small Finance Bank, several credit card issuers offer complimentary air accident coverage when flight tickets are booked using their cards. This lesser-known benefit can prove to be extremely valuable in the face of unforeseen events.
Though rarely discussed, this safety net could be a deciding factor for many when choosing how to book their flights.