If you ask these things from customer care before taking a credit card, then it will be fun, you will get many more benefits with shopping:

News Topical, Digital Desk : In today's era, credit card has not only become an easy means of payment, but it is also becoming a means of financial security. Apart from saving on expenses like shopping, online ticket booking and dining, now many credit card companies are also providing free insurance cover to the customers.

There is no need to apply separately for this, just active and regular use of the card is necessary. However, whether your bank provides this facility on your credit card or not, you must get complete information about it from customer care before taking a credit card.

What are those insurance covers which are available for free?

Travel Insurance

Many credit card companies provide insurance cover for situations such as lost luggage, flight cancellation and medical emergencies during travel. For example, if your flight is delayed or luggage does not arrive on time, the cardholder can make a claim.

Accidental Insurance

This cover is especially useful in case of death in an accident. In this, coverage can be available from Rs 2 lakh to Rs 40 lakh. A lower amount is fixed for a road accident and a higher amount for an air accident. This provides financial support to the family of the cardholder.

Purchase Protection Cover

If you have purchased an electronic item or an expensive item and it gets stolen or damaged, some card companies provide a claim of up to Rs 50,000, provided the damage has occurred within a few days of purchase.

More benefits are available at a nominal premium

If you want extra protection at a small monthly premium, credit cards also offer options.

Credit Life Insurance

If the cardholder dies, becomes disabled or unemployed and is unable to pay the dues, this insurance covers the card bill. It does not put any financial burden on the cardholder's family.

Credit Disability Insurance

If you become unable to work due to a medical reason, this insurance covers the minimum payment on your card for a fixed period of time.

unemployment insurance

This insurance pays the minimum credit card dues even if you lose your job. However, it does not cover new purchases made after you lose your job.

Things to keep in mind

Although these insurance covers are often automatically provided with the card, in many cases it is necessary for the card to be active or at least one must have travelled or made a purchase using the card. Apart from this, it is necessary to submit all the documents on time and correctly for the claim process.

Credit card is no longer just a means of spending, but has become a smart tool for financial security. If you use it correctly, you can also get the benefit of many types of free and low-cost insurance covers and that too without any additional hassle.