"A person who is already having a bank account with any bank need not have to open a separate account under PMJDY. He or she will just have to get issued a RuPay card in his existing account to get benefit of accidental insurance," a Finance Ministry statement said.

The over draft facility can be extended in existing account, it said.

Accidental insurance of Rs 1 lakh will be available to all RuPay card holders between 18-70 years. They will need to use their RuPay card once in 45 days of receipt of the card to get the benefit.

The accidental claim intimation should be given to bank within 30 days from the date of accident, it added.

For life insurance coverage, one person per family will get a single cover of Rs 30,000 on one card only despite having multiple accounts or cards.

"The claim of Rs 30,000 is payable to the nominee of account holder who need to submit necessary documents to the nodal branch of the concerned bank," the Ministry said.

Further, it said government employees either serving or retired and their families, persons filing income tax return or TDS deductees and persons covered under Aam Adami Bima Yojana, are ineligible for life insurance under PMJDY.

Banks have opened 8.76 crore accounts under PMJDY and have issued 5.78 crore RuPay debit cards under the scheme so far.

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