The sum insured limit will be restricted to the credit limit under each card
PIN-based transactions (ATM, telephone) are not covered
Fraudulent, counterfeit and internet transactions are covered
Pre-delivery fraud and loss of card in transit are not covered
Terrorism is not covered
Any claim due to violation of law is not payable
The extent of coverage would be loss/ damage up to a maximum of seven days from the first date of loss/ theft of card
FIR to be mandatorily submitted in case of lost card. For counterfeit cases which happened in a foreign location, instead of FIR, bank’s investigation report can be accepted.