Pradhan Mantri Jan Dhan Yojana (PMJDY) – a National Mission on Financial Inclusion was announced by the Prime Minister Shri Narendra Modi in his Independence Day Speech 2014 with the main objective of covering all households with at least one bank account per household across the country. The scheme was formally launched on 28th August, 2014 at National level by the Prime Minister.

Under PMJDY, RuPay Debit Card with an inbuilt accident insurance cover of ₹ 1 lakh is also provided to account holders.

One of the stipulation of meeting the claim under Accidental Death and / or Permanent Disablement was that the RuPay Card holder has to carry-out at least one successful financial or non-financial transactions at a Merchant Establishment or at ATM or Micro ATM or e-commerce transaction, upto 45 days prior to the date of incident resulting into Accidental death / Permanent Disability. This condition was posing problem to the RuPay Card holders. Requests were received to increase this condition of 45 days.

The issue was taken-up by the Government with National Payment Corporation of India (NPCI), who operate the scheme of RuPay Debit Cards.

National Payment Corporation of India (NPCI) has extended 45 days usage condition to 90 Days for RuPay Classic cardholders with effect from 25th November 2015. Accordingly, accident arising on or after 00:00:01 25th Nov 2015 will be considered for extended period. Claim intimations on RuPay Classic cards where accident has occurred before 23.59.59 24th Nov 2015 will not be eligible for claim benefit under 90 days usage condition.

As on 20.11.2015, out of 697 claims lodged under accidental Insurance under RuPay Debit Card in PMJDY accounts, 644 claims have been disposed off.

RuPay Card usage condition extended, expanding eligibility window for inbuilt accidental insurance claims for classic cardholders. The government extended the prior successful-transaction usage requirement for RuPay Classic debit-card accidental-insurance claims to a 90-day window effective 25 November 2015; accidents on or after 00:00:01 on 25 November 2015 qualify under the extended usage condition, while incidents before 23:59:59 on 24 November 2015 remain subject to the earlier shorter usage requirement. The temporal link between the last qualifying transaction and the incident continues to determine eligibility for accidental death and permanent disablement claims.