Insurance On Debit Card
Use your Kotak Debit Card without worrying about its misuse.

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Your Kotak Debit Card is designed to give you a worry-free transaction experience, no matter what you use it for. With its use of a 6-digit PIN and the embedded chip for security, you can use your Card at ATMs and merchants with utmost peace of mind.
You will also receive instant SMS and email alerts with every transaction
Additionally, we offer you complimentary insurance, so you can use your Kotak Card for transactions without worrying about its misuse.
Personal Accident cover provides you financial assistance of up to INR 15 lacs on meeting the eligibility criteria in case you suffer an accident, which leads to death.
Air accident cover of up to INR 5 crores to cover loss of life due to air accident, for domestic and International travel.
Lost Card Liability cover of up to INR 6 lakhs to cover transactions at merchant outlets and online portals on lost / stolen cards.
Purchase Protection cover of up to INR 1.5 lacs to cover loss of goods purchased using Kotak Debit Card.
To cover for loss of baggage when travelling (where the travel ticket is purchased using Kotak Debit card).
This feature covers our Debit Card customers for loss of life due to accident. Personal Accident cover provides you financial assistance in case you suffer an accident, which leads to death. This policy pays your beneficiary/ legal heir a fixed amount of cover as per the card held by you and on meeting the eligibility criteria.
The personal Accidental death cover of up to Rs. 15 lakhs is offered on Kotak Debit Cards. T&C apply.
The policy covers Accidental Death due to Rail or Road Accidents only.
Classic Debit Card :
Insurance Cover |
Policy Term |
Base Cover: 2 lakhs |
Minimum 2 POS / ECOM transactions of Rs. 500 each in last 30 days (1 month before cardholder’s death) |
Gold / Platinum / Privy Platinum / Signature and Infinite Debit Card :
Insurance Cover |
Policy Term |
Base Cover: 5 lakhs |
Minimum 2 POS / ECOM transactions of Rs. 500 each in last 30 days (1 month before cardholder’s death) |
Enhance Cover: 15 lakhs |
Minimum 6 POS / ECOM transactions of Rs. 500 each in last 60 days (2 months before cardholder’s death) |
Click here to know more.
To cover loss of goods up to 60 days from the date of purchase as per the limits if the goods were purchased using Kotak Debit Card. Purchase Protection cover up to 1.5 lakh. T&C apply
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To cover loss of baggage when travelling (where the travel ticket is purchased using Kotak Debit Card). Lost Baggage cover up to 1 lakh. T&C apply.
Click here for more detail.
Insurance Offered as per Card type:
Know more about different Debit Cards provided by Kotak Mahindra Bank.
Debit Card Type (all fig. in Rs lacs) |
Lost Card Liability | Purchase Protection | Lost Baggage | Air Accident | Personal Accident Base Cover* | Personal Accident Enhance Cover** | Permanent Partial Disability Cover (New) | Permanent Total Disability Cover (New) | Education Benefit (New) |
---|---|---|---|---|---|---|---|---|---|
#PayShopMore | 2.5 | 0.5 | NA | NA | 2 | 5 | NA | NA | NA |
Junior Debit Card | 2.5 | 0.5 | NA | NA | 2 | 5 | NA | NA | NA |
Access India Debit Card | 1.5 | 0.5 | NA | NA | 2 | 5 | NA | NA | NA |
Silk Platinum Debit Card | 3.5 | 1 | 1 | 50 | 5 | 50 | NA | NA | NA |
Gold Debit Card | 2.85 | 0.75 | 1 | 15 | 5 | 50 | Upto 30 | Upto 30 | Upto 4 |
Platinum Debit Card | 3.5 | 1 | 1 | 50 | 5 | 50 | Upto 30 | Upto 30 | Upto 4 |
Jifi Debit Card | 3 | 1 | 1 | 20 | 5 | 50 | Upto 30 | Upto 30 | Upto 4 |
Privy League Platinum Debit Card | 4 | 1 | 1 | 50 | 5 | 50 | Upto 30 | Upto 30 | Upto 4 |
Privy League Signature Debit Card | 4.75 | 1.5 | 1 | 100 | 5 | 50 | Upto 30 | Upto 30 | Upto 4 |
Wealth Management Infinite Debit Card | 5 | 1.5 | 1 | 500 | 5 | 50 | Upto 30 | Upto 30 | Upto 4 |
Business Class Debit Card | 2.5 | 1 | 1 | 20 | NA | NA | NA | NA | Upto 4 |
Business Power Debit Card | 3 | 1 | 1 | 50 | NA | NA | NA | NA | Upto 4 |
Debit Card Type | Lost Card Liability (in Rs. lakhs) | Purchase Protection Limit (in Rs. lakhs) | Lost Baggage (in Rs. lakhs) | Air Accident (in Rs. lakhs) |
---|---|---|---|---|
Junior Debit Card | 2.5 | 0.5 | Not Applicable | Not Applicable |
Access India Debit Card | 1.5 | 0.5 | Not Applicable | Not Applicable |
#PayShopMore | 2.5 | 0.5 | Not Applicable | Not Applicable |
Silk Debit Card | 3.5 | 1.0 | 1.0 | Upto 50 Lacs |
Gold Debit Card | 2.85 | 0.75 | 1.0 | 15.0 |
Business Class Debit Card | 2.5 | 1.0 | 1.0 | 20.0 |
Platinum Debit Card | 3.5 | 1.0 | 1.0 | 50.0 |
Business Power Debit Card | 3.0 | 1.0 | 1.0 | 50.0 |
Jifi Debit Card | 3.0 | 1.0 | 1.0 | 20.0 |
Privy League Platinum Debit Card | 4.0 | 1.0 | 1.0 | 50.0 |
Privy League Signature Debit Card | 4.75 | 1.5 | 1.0 | 100.0 |
Wealth Management Infinite Debit Card | 5.0 | 1.5 | 1.0 | 500.0 |
Permanent Partial Disability (Table A) :
SL No. |
Particulars |
% of capital sum insured |
1 |
Loss of Toes - all |
20% |
1.a |
Great - both phalanges |
5% |
1.b |
Great - One phalanx |
2% |
1.c |
Other than great, of more than one toe lost each |
1% |
2 |
Loss of hearing - both ears |
75% |
3 |
Loss of hearing - one ear |
30% |
4 |
Loss of four fingers and thumb of one hand |
40% |
5 |
Loss of four fingers |
35% |
6 |
Loss of thumb - both phalanges |
25% |
6.a |
One phalanx |
10% |
7 |
Loss of index finger - three phalanges or two phalanges or one phalanx |
10% |
8 |
Loss of middle finger - three phalanges or two phalanges or one phalanx |
6% |
9 |
Loss of ring finger - three phalanges or two phalanges or one phalanx |
5% |
10 |
Loss of little finger - three phalanges or two phalanges or one phalanx |
4% |
11 |
Loss of metacarpals - first and second, third, fourth and fifth (additional) |
3% |
12 |
Any other permanent partial disablement |
percentage as assessed by the company's panel doctor |
Permanent Total Disablement (Table B):
Know more about different Debit Cards provided by Kotak Mahindra Bank.
Personal Accidental Death Cover
In order to claim the Personal Accident Death Cover, the claimant (nominee of the customer's account / legal heir) should submit the below mentioned documents within 1 month of Cardholder's death, at any nearest Kotak Bank branch.
Exclusions:
The following risk / perils have been explicitly excluded under the policy:
The branch would guide further on the process.
Lost Card Liability
Coverage on Lost Card Liability shall be payable only on PIN based transactions (except for international transactions where PIN is not mandatory). Write to us for details on ATM transactions covered under Lost Card Liability.
Purchase Protection
Coverage on Purchase Protection shall be payable only on PIN based transactions (except for international transactions where PIN is not mandatory).
To make a claim, submit the following documents at your nearest Kotak Bank branch:
Lost Baggage Insurance
To make a claim, submit the following documents at your nearest Kotak Bank branch:
Air Accident Insurance
Claim is payable under Air Accident only if the Kotak Debit Card has been used for at least one financial transaction at ATM/ merchant outlet/online portals, in the last 89 days before the date of mishap.
To make a claim, submit the following documents at your nearest Kotak Bank branch:
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By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.