NPCI Extended the RuPay Insurance Program for RuPay PMJDY Cards for FY 2023-24

Apr 10, 2023 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe National Payments Corporation of India (NPCI) on April 10, 2023, issued a notification regarding the Extension of the RuPay Insurance Program for RuPay PMJDY Cards for FY 2023-24.

The following has been stated namely: -

• This is extended from April 01, 2023, to March 31, 2024.

• The New India Assurance Company Ltd. Will continue to be the insurance partner with NPCI for RuPay PMJDY cards.

• All terms and conditions along with the claims process pertaining to RuPay Insurance Program for RuPay PMJDY cards for FY 2023-24 will remain as mentioned in the circular: NPCI/202-21/RuPay/061 dated March 15, 2021.

• The following Annexures have been attached namely: -

1. Annexure A – Claims Process – RuPay Insurance Program FY 2023-24 for RuPay PMJDY Cards

2. Annexure B – RuPay Insurance Program - RuPay PMJDY Cards for FY - 2023-24 

3. Annexure C – RuPay Cardholder’s Personal Accident Insurance Claim Form 2023-24 

4. Annexure D - Declaration from Member Bank [on Bank's letterhead]

 

[Notification No. NPCI/2023-24/RuPay/001]

 


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