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    How To Avail SBI's Accidental Insurance Scheme: Key Features of SBI Accident Insurance For Accountholders

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    Sanchayan Mitra
    SBI offers an accidental insurance scheme for savings bank account holders. To avail, the account holder visits their branch, fills a form permitting SBI to deduct Rs. 100 annually from their account. After processing, the account holder receives an insurance policy document requiring details. The scheme provides Rs. 4 lakhs coverage for accidental death or permanent disability for account holders aged 18-65 by paying Rs. 100 annually. Key benefits include compensation for loss of life or disabilities from accidents.

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    How To Avail SBI's Accidental Insurance Scheme: Key Features of SBI Accident Insurance For Accountholders

    Uploaded by

    Sanchayan Mitra
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    SBI offers an accidental insurance scheme for savings bank account holders. To avail, the account holder visits their branch, fills a form permitting SBI to deduct Rs. 100 annually from their account. After processing, the account holder receives an insurance policy document requiring details. The scheme provides Rs. 4 lakhs coverage for accidental death or permanent disability for account holders aged 18-65 by paying Rs. 100 annually. Key benefits include compensation for loss of life or disabilities from accidents.

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    SBI offers an accidental insurance scheme for savings bank account holders. To avail, the account holder visits their branch, fills a form permitting SBI to deduct Rs. 100 annually from their account. After processing, the account holder receives an insurance policy document requiring details. The scheme provides Rs. 4 lakhs coverage for accidental death or permanent disability for account holders aged 18-65 by paying Rs. 100 annually. Key benefits include compensation for loss of life or disabilities from accidents.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    30 views2 pages

    How To Avail SBI's Accidental Insurance Scheme: Key Features of SBI Accident Insurance For Accountholders

    Uploaded by

    Sanchayan Mitra
    SBI offers an accidental insurance scheme for savings bank account holders. To avail, the account holder visits their branch, fills a form permitting SBI to deduct Rs. 100 annually from their account. After processing, the account holder receives an insurance policy document requiring details. The scheme provides Rs. 4 lakhs coverage for accidental death or permanent disability for account holders aged 18-65 by paying Rs. 100 annually. Key benefits include compensation for loss of life or disabilities from accidents.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    How to avail SBIs Accidental Insurance Scheme

    The process to avail SBIs accidental insurance policy is quite simple.

    SBI savings bank accountholder needs to visit his servicing SBI branch and has to fill up a form by which accountholder permits SBI to deduct Rs 100/from his savings bank account. After 1-2 days, the policy document and premium paid receipt could be collected from the Branch. In the policy document so received, the accountholder has to fill up nominee details as well as some other important information. After furnishing the details he/she needs to put a signature in the form. After all formalities are done, the account holder would finally get one copy of the SBI Generals policy document.

    This way, Rs 4 Lakhs accidental insurance facility is availed by SBI savings bank account holders.

    Key Features of SBI Accident Insurance for Accountholders


    The key benefits or features of SBI Generals Group Personal Accident Insurance Policy for SBI account holders are: SBI Generals Group Personal Accident Insurance Policy covers,

    Loss of Life due to accident Disabilities due to accident

    Eligibility to buy SBI Accidental Insurance of Rs 4 Lakhs


    The Group Personal Accident Insurance Policy can be bought fulfilling the following criteria:

    He/She must be a permanent Indian resident. He/She must have a savings bank account in SBI. He/She must be aged between 18 years to 65 years.

    Sum Assured and Premium for this Policy


    The Sum Assured is Rupees 400000/- and the annual premium is Rupees 100/- for SBI Personal Accidental Insurance facility for SBI savings bank account holders.

    Scope of cover and Table of Losses for this Policy


    Scope:
    The policy pays for accidental death and permanent total disability by sudden accidents.

    Table of Losses:
    Loss Accidental Death Under Permanent Total Disablement (Loss of): Both hands or both feet Sight of both eyes One hand and one foot Either hand or foot and sight of one eye Speech and hearing in both ears Either hand or foot Sight of one eye Speech or hearing in both ears Hearing in one ear Thumb and index finger of same hand % of Sum Assured 100%

    100% 100% 100% 100% 100% 50% 50% 50% 25% 25%

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