Accidental injury, disability or sometimes death caused by an accident is extremely traumatizing for everyone including our near and dear ones. In such scenarios, all you need is an insurance policy that secures your worries in these situations.
The SBI personal accident insurance policy provides you and your family with an extended safety net. It acts as the backbone supporting your financial, physical and future opportunity losses. Accidental recovery may somewhat take time and a huge contribution of money. The biggest advantage of the SBI Individual Personal Accident Insurance Plan is that it gives your family the strength to run the house with aid provided by your insurer in place of income loss due to accidental disability.
Any individual who is over 18 years of age can purchase this policy to secure their family's future to an extent. You can also buy this plan for your spouse, parents, parents-in-law, children, and others in the family.
Types of Coverage Under the Plan:-
Accidental Death
Accidental Death + Permanent Total Disability (PTD)
Accidental Death + Permanent Total Disability (PTD) + Permanent Partial Disability (PPD)
Accidental Death + Permanent Total Disability (PTD) + Permanent Partial Disability (PPD) + Temporary Total Disability (TTD)
Note:-For an employed individual- The sum insured for PTD & PPD is not more than INR 1 Cr (or 120 times the monthly income) depending on the lower expenditure. For unemployed/dependent policyholders- Sum insured availability for the same criteria is not above INR 10 Lakhs (or, 20% of the SI), depending on the lowest rate.
Eligibility Criteria for SBI Individual Personal Accident Insurance
Here is an illustration of the eligibility criteria for the SBI general personal accident insurance policy:-
Entry Age
Child: 3 Months to 23 Years
Adult Entry Age
Adult: 18 - 65 Years
Sum Insured
INR 1 Lakh to 1 Crore
Plan Type
Individual
Policy Term
1 Year
Initial Waiting Period
30 Days*
*The Initial Waiting Period is the period between the issuance of the policy and the time it starts actively. During this period, a policyholder has to wait to avail of the benefits offered under a health insurance plan.
To know more about the plan read the brochure provided below:
Benefits of SBI Individual Personal Accident Insurance
Want to take personal accident insurance with SBI General? Know some of the benefits attached to this policy:-
Loss of life
The plan covers accidental deaths absolutely whereas other benefits can be opted for according to your needs with add-on covers. However, one can claim for an accidental death benefit, up to the sum insured.
Accidental disabilities
It provides coverage for temporary and permanent (with add-on cover only) disability of any kind that is mentioned in the policy schedule due to an accident. In this case, the benefit shall be provided to support the children's education or the spouse's daily needs.
Loss of income
For a temporary disability or a permanent total disability (PTD), you get financial support in place of your income loss.
Add-on covers
Additional covers under this plan are Hospital Confinement Allowance if an accident occurs in India up to INR 1000, 2000, and 3000 on a per-day basis for a maximum of 15 days during the policy tenure. Ambulance Charges (including air ambulance) up to 10% of the sum insured on an add-on cover basis.
Tax Benefits
All the premiums paid towards the SBI personal accident insurance policy are eligible for tax benefits under Section 80D of the Income Tax Act.
Specification (Inclusions) Under SBI Individual Personal Accident Insurance Plan
Choose the SBI individual plan for overall personal accident insurance benefits. However, check out the below-mentioned inclusions under this plan before investing in it:
Specifications
SBI Individual Personal Accident Insurance Plan Coverage
Accidental Death
If the insured meets with an accident which leads to their death within 365 days of the accident, the plan will pay 100% of the SI.
Accidental Death + Permanent Total Disability (PTD)*
If the policyholder dies or gets permanent total disability (loss of sight, limbs, etc) due to an accident 365 days from the accident, the insurer will pay 100% of the SI.
Accidental Death + PTD + Permanent Partial Disability (PPD)
If the insured is met with an accident that causes their death, permanent total disability or/and permanent partial disability, the insurer will pay as per the criteria of SI% (varies from condition to condition, from up to 1% - 100%) mentioned in the policy schedule.
Accidental Death + PTD + PPD + Temporary Total Disability (TTD)
All the conditions related to Accidental Death + PTD + PPD + Temporary Total Disability (TTD) mentioned in the policy wording/schedule are subject to a weekly payout (varies from 1% or INR 10,000, whichever is lower) up to 104 weeks from the date of the accident.
Add On Covers
Hospital Confinement Allowance of INR 1,000/2,000/3,000 per day for a maximum of 15 days during the policy period if the accident happens in India. Ambulance Charges including air ambulance up to 10% of the sum insured subject to a maximum of INR 1,00,000 per policy year. Ambulance cover is available for accidental death, Sum Insured > INR 5,00,000.
*PTD comes with the following benefits at no additional cost
Education Benefits to the insured's child and spouse up to INR 50,000 or 1% of base SI, whichever is lower (per person up to two individuals, children/spouse) on proof of enrolment at a government-approved education facility.
Adaption allowance of 1% of the Sum Insured or INR 25,000 whichever is less, for modifying the house or vehicle
What is Not (Exclusions) Covered Under SBI Personal Accident Insurance
Before buying a policy with SBI personal accident policy, know these exclusions for further assurance of what you'll get opting for this plan:-
Any kind of external congenital illnesses or voluntary treatments like cosmetic/beautification /plastic surgery, etc
Breach of the law, alcoholism, drug, or substance abuse cases, etc
Unproven treatments, rest care, rehabilitation, etc
Sterility and infertility, birth control, gender change treatments, etc
Act of suicide or self-harm
Maternity expenses like childbirth (complicated deliveries and caesarean sections, except ectopic pregnancy), miscarriage (except an accident) and lawful medical termination of pregnancy during the policy period.
How To Claim SBI Individual Personal Accident Insurance Plan
Here are the steps following which you can claim your SBI Individual Personal Accident Insurance plan:-
Visit the official website of SBI General Insurance
Click on the 'Claim' button on the header of the official website and go to the claim process > Health insurance
For claim intimation, the official website has a pre-authorized form that you can fill in with your contact number/policy number/email, name, date of birth, etc and 'Proceed'
Individuals can call the toll-free number 1800 22 1111 or 1800 102 1111 or send them SMS "CLAIM" to 561612 email their details to sbig.health@sbigeneral.in and get their claim settlement procedure info.
Reach out to PolicyX.com for further assistance.
Connecting the dots
Securing your family's future and your peace of mind has become compulsory in this era, as everyday challenges have become so inevitable. SBI personal accident insurance policy provides you with exclusive benefits against accidental disabilities or aids your family's finances in case of a death caused by an accident. Secure your future worries now and live peacefully with the assurance of SBI's general personal accident policy.
To know more about the policy and its add-on covers, reach out to the experts of PolicyX.com
SBI Health Insurance Network Hospitals are present in 31 states nationwide. With a wide network of hospitals, SBI Health Insurance ensures that you are medically secured, irrespective of the city you reside in.
A comprehensive health insurance plan that offers a 15% increase in cumulative bonus for every claim-free year and comes with 8 optional coverage options.
A standard health insurance plan that comes with a coverage of 10 Lakhs. Moreover, the plan comes with a 5% Co-pay, applicable on all the admissible claims.
Unique Features
Advanced Procedures covered
Lifelong renewals
Cumulative Bonus of 5%
SBI Arogya Sanjeevani (Pros)
Road Ambulance
High SI
AYUSH Cover
Room Rent
Pre & Post Hospitalization
SBI Arogya Sanjeevani (Cons)
Cosmetic Treatment
Injury Due To Illegal Activity
Injury Due To Hazardous Activities
Adventure Sport Injuries
Unlawful Activities
SBI Arogya Sanjeevani (Other Benefits)
Family Floater
Tax Benefits
Affordable Premiums
Medicine Cover
Cataract Cover
SBI Arogya Sanjeevani (Eligibility Criteria)
Entry Age - 3 Months
Max Entry Age - 65 Years
SI - 50k to 10L
Waiting Period - 30 Days
Affordable Plan
SBI Retail Health Insurance Policy
A family floater plan for metro and non-metro cities offering wide coverage of INR 5 Lakhs. No pre-policy medical check-up is required to avail of this policy.
An all-inclusive insurance cover to cater to your health & fitness needs. It is an individual and family floater policy with 7 optional covers to select from.
Unique Benefits
Tax Benefits
Reinsure Benefit
Health Multiplier
Super Health Insurance (Pros)
Enhanced Cumulative Bonus
Daycare Procedures
Maternity Cover
Annual Health Check-up
Optional Covers
Super Health Insurance (Cons)
Cosmetic Treatment
Injury Due To Illegal Activity
Injury Due To Hazardous Activities
Adventure Sport Injuries
Unlawful Activities
Super Health Insurance (Other Benefits)
OPD Expenses
International Treatment
SI up to 2 Crores
Flexible-Premium Payment
Domestic Staff Cover
Super Health Insurance (Eligibility Criteria)
Entry Age - 91 Days
Max Entry Age - No Limit
SI - 3 L to 2 Crore
Waiting Period - 30 Days
Individual/Family Floater Plan
SBI Divyanga Suraksha
This plan is designed to provide healthcare coverage to individuals with disabilities and HIV/AIDS offering a sum insured of INR 4 and 5 Lakhs.
Unique Features
In-Patient Hospitalization
Tax Benefits
SI Upto 5 L
Divyanga Suraksha (Pros)
AYUSH Cover
Room Rent Cover
ICU Cover
Ambulance Cover
Cataract Cover
Divyanga Suraksha (Cons)
Cosmetic Treatment
Injury Due To Illegal Activity
Injury Due To Hazardous Activities
Adventure Sport Injuries
Unlawful Activities
Divyanga Suraksha (Other Benefits)
Modern Treatment
Pre-hospitalization
Post-hospitalization
HIV/AIDS Cover
Disability Cover
Divyanga Suraksha (Eligibility Criteria)
Entry Age - 18 Years
Max Entry Age - 65 Years
SI - 4 L to 7 5 L
Waiting Period - 30 Days
Corona Kavach
SBI Corona Kavach Policy
A standard corona-specific health cover that protects you from COVID-19. The plan covers room rent, ICU expenses, and home care expenses for up to 14 days.
Unique Benefits
Tax Benefits
No Medical check-up
New Born Cover
Corona Kavach Policy (Pros)
Room Rent Cover
ICU Cover
Doctor Fee Cover
Ambulance Cover
Nursing Expense Cover
Corona Kavach Policy (Cons)
Cosmetic Treatment
Injury Due To Illegal Activity
Injury Due To Hazardous Activities
Adventure Sport Injuries
Unlawful Activities
Corona Kavach Policy (Other Benefits)
Medicine Charges
Pre & Post Hospitalization Cover
Hospital Daily Cash
Affordable Premiums
SI Up to 5 L
Corona Kavach Policy (Eligibility Criteria)
Entry Age - 1 Day
Max Entry Age - 65 Years
SI - 50k to 5 L
Waiting Period - 30 Days
Corona Rakshak
SBI Corona Rakshak Policy
The plan offers a lump sum benefit equal to 100% of the sum insured on the diagnosis of COVID-19.
The plan offers coverage against 13 critical illnesses & financial support irrespective of the actual medical expenses, & comes with two policy tenures enabling customization.
Unique Features
Entry Age upto 65 years
Free-look period of 15 days
Coverage of up to 10 Lakh
Critical Illness Plan (Pros)
Covers 13 CI
Cancer Care
Kidney Failure
Organ Transplant
Stroke
Critical Illness Plan (Cons)
Cosmetic Treatment
Injury Due To Illegal Activity
Injury Due To Hazardous Activities
Adventure Sport Injuries
Unlawful Activities
Critical Illness Plan (Other Benefits)
High SI
Paralysis
Coma
2 Plan variants
Blindness Cover
Critical Illness Plan (Eligibility Criteria)
Entry Age - 18 Years
Max Entry Age - 65 Years
SI - 3 L to 10 L
Waiting Period - 30 Days
Hospital Daily Cash
SBI Hospital Daily Cash Insurance Policy
The policy provides a fixed amount to the claimant for each day of hospitalization and expenses like traveling, food, and much more.
SBI Loan Insurance policy helps you to repay your outstanding loan in case you are a victim of any of the listed 13 critical illnesses/accidental death/unemployment.
This plan is available for individuals and families, wherein the plan will take care of medical expenses with affordable premium rates.
Unique Features
Tax Benefits
Wide Coverage
Room Rent Covered
Group Health Policy (Pros)
Medical Practitioners Available
Specialist Fees Cover
Daycare Expenses
Domiciliary Hospitalization
Pre & Post Hospitalization
Group Health Policy (Cons)
Cosmetic Treatment
Injury Due To Illegal Activity
Injury Due To Hazardous Activities
Adventure Sport Injuries
Unlawful Activities
Group Health Policy (Other Benefits)
Individual Cover
Family Cover
High SI
Policy Renewal opted
Ambulance Cover
Group Health Policy (Eligibility Criteria)
Entry Age - 18 Years
Max Entry Age - 65 Years
SI - 1 - 5 L
Waiting Period - 30 Days
Saral Suraksha
SBI Saral Suraksha Bima
Designed for individuals between the ages of 18 to 70 years, the plan offers coverage for accidental death, permanent, total, and permanent partial disability.
Unique Benefits
Tax Benefits
Education Grant
Affordable Premiums
Saral Suraksha Bima (Pros)
Loss of Life
Affordable Premiums
Temporary Total Disablement
Hospitalization Expenses
Up to 5% Cumulative Bonus
Saral Suraksha Bima (Cons)
Cosmetic Treatment
Injury Due To Illegal Activity
Injury Due To Hazardous Activities
Adventure Sport Injuries
Unlawful Activities
Saral Suraksha Bima (Other Benefits)
Up to 1 Crore SI
Accidental Death Cover
Individual and Family Floater
1-Year Policy Term
Multiple Discounts
Saral Suraksha Bima (Eligibility Criteria)
Entry Age - 18 Years
Max Entry Age - 70 Years
SI -2.5 L - 1 Crore
Waiting Period - 30 Days
Saral Suraksha
SBI Travel Insurance (B & H)
The plan is designed uniquely for providing travel support, loss of passport, round-the-clock assistance, and many more benefits.
Unique Benefits
Tax Benefits
Wide Coverage
Affordable Premiums
Travel Insurance (B & H) (Pros)
Quick Payout Process
Global Coverage
24/7 Emergency Assistance
Multi Trip Insurance
Single Trip Insurance
Travel Insurance (B & H) (Cons)
Cosmetic Treatment
Injury Due To Illegal Activity
Injury Due To Hazardous Activities
Adventure Sport Injuries
Unlawful Activities
Travel Insurance (B & H) (Other Benefits)
Loss of Passport
Trip delays
Home Burglary
Covers Personal Liability
Travel Support
Travel Insurance (B & H) (Eligibility Criteria)
Entry Age - 6 Months
Max Entry Age - 70 Years
SI - $ 5,00,000
Waiting Period - 30 Days
Saral Suraksha
SBI Arogya Shield
A combination plan wherein you can secure both health and life, providing comprehensive coverage for medical emergencies and an assured life cover
Unique Benefits
Tax Benefits
Dual Protection
Affordable Premiums
SBI Arogya Shield (Pros)
Cashless Claims
141 Daycare Procedures
High SI
Health Cover
Life Cover
SBI Arogya Shield (Cons)
Cosmetic Treatment
Injury Due To Illegal Activity
Injury Due To Hazardous Activities
Adventure Sport Injuries
Unlawful Activities
SBI Arogya Shield (Other Benefits)
Pre Hospitalization
Post Hospitalization
Domiciliary Hospitalization
Outpatient Treatment
Alternative Treatment
SBI Arogya Shield (Eligibility Criteria)
Entry Age - 91 Days
Max Entry Age - 65 Years
SI - 1 - 3 L
Waiting Period - 30 Days
Group Personal Accident
SBI Group Personal Accident Policy
A versatile Group accident plan covering accidental death, ambulance cover, child education cover, adaptation allowance, and more.
Unique Features
Loss of Life Cover
Permanent Total Disability
Child Education Cover
Group Personal Accident Policy (Pros)
Accidental Death
Permanent Total Disability Cover
Ambulance Cover
Funeral Expenses Cover
Repatriation Cover
Group Personal Accident Policy (Cons)
Cosmetic Treatment
Injury Due To Illegal Activity
Injury Due To Hazardous Activities
Adventure Sport Injuries
Unlawful Activities
Group Personal Accident Policy (Other Benefits)
Temporary Total Disability Cover
Temporary Partial Disability Cover
High SI
Tax Benefits
Affordable Premiums
Group Personal Accident Policy (Eligibility Criteria)
Entry Age - N/A
Max Entry Age - N/A
SI - 2 L - 20 L
Waiting Period - 30 Days
Group Loan Policy
SBI Group Loan Insurance Policy
A unique health insurance policy that can be availed for 5 years, covers 15 critical illnesses, accidental death, accidental hospitalization, and more.
Unique Features
Long Term Policy
Personal Accident Cover
Critical Illness Benefit
Group Loan Policy (Pros)
Permanent Total Disability
Loss of Limbs Cover
Loss of Sight Cover
Speech Loss Cover
Hearing Loss Cover
Group Loan Policy (Cons)
Cosmetic Treatment
Injury Due To Illegal Activity
Injury Due To Hazardous Activities
Adventure Sport Injuries
Unlawful Activities
Group Loan Policy (Other Benefits)
Cancer Cover
Coma Expenses Cover
Kidney Failure Cover
Blindness Cover
Accidental Hospitalization Cover
Group Loan Policy (Eligibility Criteria)
Entry Age - 18 Years
Max Entry Age - 65 Years
SI - 1 L - 10 L
Waiting Period - 30 Days
SBI Individual Personal Accident Insurance Plan: FAQ's
1. What is SBI's general personal accident insurance policy?
This policy provides coverage for accidental life loss, any disability caused due to an accident, or if you've lost your income cash flow due to a severe accidental injury.
2. Is the deductible limit available under this plan?
This plan has no deductible options unless you've chosen an add-on cover for temporary total disability.
3. What are the sum insured options available under SBI personal accident insurance?
The minimum sum insured under this plan is INR 1 Lakh which goes up to INR 1 Crore maximum.
4. Which additional covers are available under SBI's general personal accident policy?
Additional hospitalization allowance and additional cover for ambulance (including air ambulance) are available under this policy.
5. Will my family get any benefit from my SBI general personal accident insurance policy?
The policy covers the educational expenses of your child and a legally married spouse with INR 50,000 or 1% of the base sum insured. It also provides an adaption allowance of either up to 1% or the base SI or lump-sum INR 25,000, whichever is lower.
6. How many relationships can be covered under the SBI personal accident insurance plan?
You can add your spouse, children, parents, parents-in-law or a close relative under this policy.
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