Visa Signature Debit card

Insurance coverage on debit card usage

Lost card liability:
The IDFC Bank Debit Cardholder has no liability for unauthorized transactions on Debit Cards on receipt of notification from the card holder.

Personal Accident Insurance:
The IDFC Bank Debit Card comes with free insurance (death or permanent disability) .

Purchase Protection:The card also carries purchase protection for fire/theft/burglary upto 90 days from the date of purchase for transactions carried out at merchant outlets/online using the card.

You are covered with above insurance policies , the maximum limit of these policies varies basis the variant of your visa debit card, details below.

Card Variant

Personal Accident Insurance

Purchase Protection

Lost Card Liability

Visa Signature

Rs 25,00,000

Rs 1,00,000

Rs 2,50,000

Visa Platinum

Rs 15,00,000

Rs 50,000

Rs 1,50,000


General Conditions:

  1. Gross Negligence is not covered
  2. Breach of law is not covered
  3. Please note that these cover primary and add-on mentioned cards
  4. Claim should be reported by card holder / Bank to IL within 30 days from the date of receipt of statement where in the disputed transaction is reflected
  5. Refund to be made to the insurer wherever recovery is made from vendors
  6. Claim documents to be sent within 30 days from the date of blocking
  7. Warranted that cards are chip and pin based
  8. Reporting Period - 7 days pre-reporting to the Bank and 7 days post reporting Cover
  9. Monthly/ Quarterly declaration of cards to be made
  10. The insurance coverage is applicable to all cards, irrespective of whether there are active or inactive


Do go through Terms , Conditions & Exclusions  carefully ,Click Here .

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