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Insurance on credit cards

Posted on 29 July 2007 by Name Withheld

A close friend of mine, Mr. Ramzan R. Motani has expired in the recent bomb blasts in July 2006. He had credit cards from HDFC/HSBC with an approximate due of Rs.22, 000. Reliable sources have informed us that is an insurance of Rs.2 lakh for personal accident. The bank hid this and did not issue a claim form. They said that the above mentioned case is not an accident case and are not issuing a claim form.

3 Comments For This Post

  1. Rahul Ganguly Says:

    Yes there is a personal accident covered under credit card but most of the cards consider only the option of crash of car, fight. They do not cover bomb blasts.

  2. Mohsin Mahdi Says:

    Its sad to say but insurance plans do not cover boom blast.

  3. Akbar Faruqui Says:

    As far as my knowledge is concern there is no policy which covers boom blast. So i think your friend would not get any cover.

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