Rohit Chhibbar, Chief Business Officer, Credit Cards, Paisabazaar, says: Most mid-range and premium credit cards, in association with an insurance provider, offer air accident insurance coverage as a complimentary feature wherein the card issuer provides financial protection to the beneficiaries of the insured in case of an air accident. Coverage is usually offered only to the primary cardholder and is applicable only if the flight ticket is purchased using the same credit card. Also, legal nominee or next of kin of the insured must report the incident within a specific timeframe, say 60 days, to be eligible for the claim. The nominee needs to duly fill the claim form and provide a death certificate and other necessary documents as the insurance company demands.
How much cover does credit card air accident insurance really offer? Here’s the fine print
