Free Insurance: Nowadays, we invest in various insurance plans to protect ourselves and our families. This provides financial support for our loved ones and us in the event of an unforeseen incident. Typically, you receive a policy’s benefits only after paying the required premiums.

However, you may receive insurance coverage without purchasing a specific policy. We use countless products in our daily lives that come with various complimentary benefits, yet many people in the country are unaware of this. Let us explore which items offer free insurance coverage.

Insurance on Debit Cards

Almost everyone uses a debit card these days. While we are often aware of their general benefits, many don’t know debit cards come with complimentary insurance coverage of ₹5 lakh. When you open a savings account, the bank issues an ATM card; along with this card, the holder receives life insurance coverage worth ₹5 lakh. In the event of an accident or death, the cardholder (or their family) receives this life insurance benefit.

EPFO

Salaried individuals enrolled in the EPFO ​​(Employees’ Provident Fund Organisation) benefit from pension and PF funds. Additionally, they receive an insurance cover of ₹7 lakh. If a PF account holder passes away, their family receives ₹7 lakh in financial assistance under this insurance scheme.

Jan Dhan Account

The government has introduced various schemes to provide financial assistance and empower the public. People deposit money in Jan Dhan accounts to earn interest; these accounts also offer accident and general insurance coverage alongside interest earnings. This account offers accidental insurance coverage of ₹1 lakh, plus an additional ₹30,000 in the event of a standard accident, giving customers a total insurance cover of ₹1.30 lakh.

Insurance on Gas Cylinders

Gas cylinders are widely used today, yet many people don’t know they come with insurance coverage. Anyone who obtains an LPG connection is entitled to accident insurance. This insurance proves extremely useful in the event of an accident caused by the gas cylinder.