SBI General Insurance is one of the largest general insurance companies in India. Its headquarters lies in Mumbai. The company is a joint venture between the State Bank of India, Axis Bank Asset Management Co.Ltd and Premji Invest & Warburg Pincus Group, where SBI owns 70% of the total capital. It offers a wide range of general insurance products across health, travel, motor, personal accident, and other segments.
To reduce the financial burden caused by unfortunate events like accidents, the company has introduced SBI Personal Accident Insurance. It promises to help the policyholders in the time of need.
SBI Personal Accident insurance offers compensation to the policyholder and his/her family against bodily injuries, disabilities, and loss of life due to accidents. In other words, the policy covers the following options:
Let's take a look at the features of SBI Personal Accident Insurance.
Here given are some of the important features of SBI Personal Accident Insurance:
The entry age to avail this insurance policy is 18 years to 65 years. However, children from the age of 3 months can be covered (till 23 years) if either of the parents is covered. The minimum coverage offered under the policy is Rs.1 lakh, which goes up to Rs.1 crore.
You can purchase SBI Personal Accident Insurance from the nearest branch office of SBI General Insurance. Make sure you carry all the required documents at the branch. Ask for the customer representative at the branch and (s)he will assist you with the buying process.
SBI General Insurance offers a quick claim settlement process to its policyholders. Below given are the steps required to file SBI Personal Accident insurance claims:
Step 1: Visit the official website of SBI General Insurance.
Step 2: Click the 'Claims' tab available on the webpage.
Step 3: Enter the details and click 'Submit'.
Step 4: You will be required to submit all the relevant documents.
Step 5: After successful verification, you will receive the claim amount by the insurer.
If you are not well-versed with online claim intimation, you can go with an offline process as well. For this, you can call the insurer's toll-free number (18001021111/1800221111), SMS 'CLAIM' and send it to 561612 or send an email to customer[dot]care[at]sbigeneral[dot]in. The insurer will reach out to you with further details.
No, that's not possible.
No, the tax benefit is not applicable under SBI personal accident insurance.
Major exclusions are listed below-
The SBI Personal accident policy only covers accidental death. Hence, death caused by other reasons isn't covered under this policy.
Individuals are given a grace period of 30 days to renew their insurance policies without losing any benefit.
Last updated on 19-11-2020