Mostcards today offer personal accident insurance cover as a value-added serviceonce you subscribe. Of course the value and scope of the insurance is differentfor each card. A few cards (in India) offerup to Rs 10 lakh of insurance, and what’s more they cover your spouse too.So before going infor your card, you’d do well to check out what each card company is offering interms of insurance. Remember too that the card company is offering the insurancein a tie up with an insurance company. That means the responsibility ofhonouring the commitment made is not with the card company but with theinsurance firm. So check whether the card company has tied up with a reputedinsurance firm.
It’snot only accident insurance that’s on offer. Some credit card firms also providemedical and household insurance too.
