India, Nov. 14 -- Debit and credit cards have made our lives easier by a magnitude. We no longer have to stand outside banks to withdraw cash, nor do we need to leave the comfort of our homes to buy anything we want, thanks to 'plastic money'. And over time, cards themselves have become much more than credit instruments and are tied to aspirational needs as well. But yet, most consumers are not even aware of the hidden features of a card product.

Like free insurance cover. Most consumers may not be aware of the fact that cards free medical insurance up to INR 50 lakh when travelling or that it also provides device protection worth INR 1 Lakh or even flight accident cover of INR 3 Cr. For instance, SBI VISA Signature or Mastercard Debit C...