Latest news with #Infinia
Mint
12-05-2025
- Business
- Mint
Some credit and debit cards come with insurance, but be sure you're eligible for it
More Indians are using credit and debit cards than ever before, but few are aware that some cards come with various types of insurance. These include personal accidental death insurance, lost card liability, loss or delay of check-in baggage, loss of travel documents, and emergency overseas hospitalisation. The coverage limit depends on the type of card you have and the credit limit available to you. For example, HDFC Bank's Platinum debit card offers up to ₹3 crore of international air accident cover, as does its Infinia credit card. State Bank of India's Pride debit card offers ₹4 lakh coverage in case of death in an air accident, and ₹2 lakh for other accidents. The figures for its Platinum debit card are ₹10 lakh and ₹5 lakh, respectively. Also read: Should you register for GST? Here's everything you need to know. Remember, almost all death coverage through credit and debit cards is for accidental and not natural death, insurance through a card is no substitute for a regular term plan. However, this complementary insurance can provide extra cushion for your family in the worst-case scenario, so make sure you take all the steps you need to be eligible for it. Know the terms and conditions Simply owning such a card is not enough – you also need to fulfil certain conditions to stay eligible. For example, the card must be active – that is, it must have been used for at least one transaction a certain number of days (specified by the bank) before the date of accident, or for a certain number of transactions in a year. With some cards, you're only eligible for air accident death cover if you bought the ticket with that card. Similarly, to be eligible for travel-related coverage such as loss or delay of baggage, the ticket must have been bought using the card. Also read: How the India-UK pact benefits employers and employees "Each bank may have additional terms and conditions. For instance, the card must have been used in the past 30-60-90 days; and it must not be in default (all payments must be up to date). Some cards may not cover death by suicide, terrorist attack, etc," said Samit Singh, founder, Happy Retirement. "If you have two cards from the same bank, it will accept the claim only under one card, usually the one with the higher limit," he added. Don't forget to appoint a nominee The bank may or may not ask you to fill in the nomination form, so enquire about it yourself and make sure to do it after getting the card. But what if you don't do this? Can your family still claim the death cover? "In the case of a debit card, the insurance company may give money to a joint holder or to a nominee mentioned in the linked savings account. In case of a credit card, if there's no nominee, the insurance company may want to see a court decree of who are the legal heirs," said Singh. How to file a claim If something happens to you and your family has to file a claim, they should do so within 30 days of the incident. There's also a time limit to submit documents after filing a claim, so check with your bank. It's 60 days in the case of HDFC Bank and 15 days for Bank of Baroda. Also read: Fund houses suggest these four tweaks to make mutual funds even more sahi Bobcard's most important terms & conditions (MITC) document reads, "All insurance-related queries/claims to be sent to insurance@ within 30 days from the date of customer's death. If the claim is not reported to BOBCARD Limited within 30 days, the claim is not admissible. Documents to be submitted further in 15 days of claim intimation date. If document is not submitted to BOBCARD within the above time period, the claim is not admissible & will be declined/rejected by insurance company." Needless to say, the total coverage will be adjusted against any pending dues on the card before the insurance company releases it to the nominees.
Business Wire
30-04-2025
- Business
- Business Wire
DDN and Nebius Collaborate to Power Next-Generation AI Infrastructure for Seamless Enterprise Adoption
CHATSWORTH, Calif.--(BUSINESS WIRE)-- DDN, a global leader in AI and data intelligence solutions, has partnered with Nebius, one of the world's most advanced AI cloud providers, to deliver unprecedented performance, scalability, and efficiency for enterprise AI workloads. By integrating DDN Infinia and EXAScaler into its AI cloud, Nebius is setting a new industry benchmark—offering enterprises an end-to-end, high-performance solution tailored to the demands of next-generation AI. Powering the Future of AI with an End-to-End AI Cloud As an elite AI cloud provider, Nebius is building some of the world's most highly performant infrastructure to power AI innovation. Recognizing the increasing demand for ultra-fast, scalable AI infrastructure, Nebius sought out a best-in-class data intelligence platform to empower enterprises in training, inferencing, and real-time AI applications. DDN emerged as a clear choice, providing a dual-stack solution—Infinia for high-performance data orchestration and EXAScaler for extreme parallel file system performance—capable of delivering maximum efficiency at scale. Why Nebius Chose DDN Infinia and EXAScaler DDN's AI-native, high-performance data architecture now powers Nebius AI Cloud, providing enterprises with: AI-Optimized, SLA-Driven Performance – Infinia guarantees extreme reliability and speed, accelerating AI model training and deployment while EXAScaler delivers unmatched data throughput and I/O consistency. Seamless Scaling Across Cloud and On-Prem Environments – Businesses can instantly scale workloads across Nebius' AI cloud, hybrid setups, and air-gapped systems without bottlenecks using EXAScaler's industry-leading parallel file system. Ultra-Fast Data Processing for AI at Scale – Infinia and EXAScaler eliminate data latency challenges, ensuring AI pipelines operate at peak efficiency—even for multi-trillion-parameter models. Enterprise-Ready AI Infrastructure – With DDN and Nebius, enterprises can deploy AI workloads faster, more efficiently, and at a lower cost than ever before. A Bold Vision for the Future of AI "To lead in AI, enterprises require infrastructure that delivers breakthrough speed, scalability, and seamless integration,' said Paul Bloch, President and Co-Founder at DDN. "By partnering with Nebius, we're breaking down traditional barriers to AI adoption and delivering a next-generation cloud platform that transforms how AI is built and scaled worldwide." "Our mission is to provide cutting-edge AI cloud infrastructure that enables innovation worldwide at speed and scale," said Arkady Volozh, CEO of Nebius. "With DDN, we're able to help enterprises do this seamlessly and efficiently." Together, Nebius and DDN are redefining enterprise AI, delivering the fastest, most scalable AI cloud infrastructure available today—empowering businesses to lead in the AI era. To learn more, please visit About Nebius Nebius (NASDAQ:NBIS) is a technology company building full-stack infrastructure to service the explosive growth of the global AI industry, including large-scale GPU clusters, cloud platforms, and tools and services for developers. Headquartered in Amsterdam and listed on Nasdaq, the company has a global footprint with R&D hubs across Europe, North America and Israel. Nebius's core business is an AI-centric cloud platform built for intensive AI workloads. With proprietary cloud software architecture and hardware designed in-house (including servers, racks and data center design), Nebius gives AI builders the compute, storage, managed services and tools they need to build, tune and run their models. A Preferred cloud service provider in the NVIDIA Partner Network, Nebius offers high-end infrastructure optimized for AI training and inference. The company boasts a team of over 500 skilled engineers, delivering a true hyperscale cloud experience tailored for AI builders. To learn more, please visit About DDN DDN is the world's leading AI and data intelligence company, empowering organizations to maximize the value of their data with end-to-end HPC and AI-focused solutions. Its customers range from the largest global enterprises and AI hyperscalers to cutting-edge research centers, all leveraging DDN's proven data intelligence platform for scalable, secure, and high-performance AI deployments that drive 10x returns. Follow DDN: LinkedIn, X, and YouTube.
