SBI Personal Accident Insurance for Savings Bank Account holders
State Bank of India Savings Bank Account holders can get a Personal Accident Insurance cover issued by SBI General of Rs. 4 lac just for a nominal annual premium of Rs. 200/-. Policy covers death due to accident only.
Two variants are available:
- i. Cover of Rs. 2 lac for an annual premium of Rs. 100/-
- ii. Cover of Rs. 4 lac for an annual premium of Rs. 200/-
Key Benefits
SBI General’s Group Personal Accident Insurance Policy covers:
- Loss of Life due to Accident
- The Group Personal Accident Insurance Policy can be bought by any permanent Indian resident having Savings Bank Account/Individual Current Account holders, if opted with State Bank of India or any of its associate banks and aged between 18 years to 65 Years.
Coverage: The Policy covers death due to accident only.
Sum Insured:
| Sum Insured | Premium payable including Service Tax as applicable |
|---|---|
| Rs. 2,00,000 | Rs. 100 |
| Rs. 4,00,000 | Rs. 200 |
- SBI liability under the Policy will not be more than 100% of the Sum Insured as shown in the Certificate of Insurance
Exclusions:
Some of the major exclusions are:
- Suicide & Self Inflicted Injury
- HIV, AIDS
- Persons enrolled in any branch of police, paramilitary, military & armed forces of any Country, whether in peace or war.
- Accidents under influence of Alcohol, Drugs, or other Intoxicants
- Participation in Riot, Felony, Crime or Civil Commotion
- Learning or operating any Aircraft.
- War, Civil War, Invasion, Insurrection, Revolution, Act of Foreign Enemy etc,
- Nuclear Damage
- Adventure & Dangerous sports
- Child Birth & Pregnancy
- Wilful Participation in Illegal act or any Violation or attempted violation of the Law or Resistance to arrest.
For further list of exclusions please refer to the Policy Wording
Reach SBI @ 1800 22 1111 / 1800 102 1111
