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SBI Loan Insurance

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Coverage type
Coverage State
Coverage City
Coverage amount
Date of birth
  OR age    years
* Name, Email Id & Mobile No. are optional 
The Loan Insurance Policy of SBI General puts you in control, relieves you from the stress and helps you to really enjoy the home you just purchased.

SBI Loan Insurance - eligibility

  • Minimum Entry age is 18 years
  • Maximum Entry Age is 65 years

SBI General Health Insurance Review

SBI General Health Insurance
SBI General Health Insurance sum insured
1 lac − 30 lacs options available
Incurred Claims Ratio *
SBI General Health Insurance tenure options
1 and 3 years options available
Claims Settlement Ratio **
List of network hospitals
6,000+ hospitals
Number of policies issued *
Maximum family floater coverage
Self, Spouse + 2 dependent children (upto age of 23 yrs)
Number of lives covered *
* As per IRDAI report for 2020-21   |   ** As per NL25 data published on the Insurance Company website

Hospital Daily Cash Policy overview

  • Key Features
  • Coverage
  • Exclusions

Key Features of Loan Insurance Policy

Medical check up No medical check - ups up to Rs.1 Crore and/or 55 years of age
Coverage Coverage for 13 critical illnesses, accidental death or permanent disablement and loss of job
Policy Term The Loan Insurance Policy of SBI General is available for up to three years.

Coverage of SBI Loan Insurance

The Loan Insurance Policy of SBI General provides the following covers -
  • Critical Illness
    Policy covers 13 critical diseases listed below. Benefit amount will be paid immediately upon diagnosis of any of them subject to policy terms and conditions.
    • Cancer
    • Kidney Failure (End Stage Renal Failure)
    • Primary Pulmonary Arterial Hypertension
    • Multiple Sclerosis
    • Major Organ Transplant
    • Coronary Artery Bypass Graft
    • Aorta Graft Surgery
    • Heart Valve Surgery
    • Stroke
    • Myocardial Infarction (First Heart Attack)
    • Coma
    • Total blindness
    • Paralysis
  • Personal Accident
    Policy pays for
    • Accidental Death or
    • Permanent Total Disability
  • Loss of employment
    • In the unfortunate case of temporary unemployment or dismissal or reduction, a maximum of 3 EMI will be payable

Extent of compensation under Loan insurance Policy

If any of the contingencies occurs during the policy period, compensation will be provided as given below
  • Death: Exceptional Loan Amount or Sum Insured to reduce SI and Fixed Sum Insured respectively
  • Accidental Permanent & Total Disability: Outstanding Loan Amount or Sum Insured respectively for reducing SI basis & Fixed Sum Insured
  • Critical Illness: Outstanding Loan Amount or Sum Insured respectively for reducing Sum Insured basis and Fixed Sum Insured
  • Loss of Job:Maximum 3 EMIs

Exclusions of Sbi Loan Insurance

  • War, invasion; acts of terrorism, riot, strike, malicious damage
  • or such similar perils
  • Nuclear perils; ionising radiations
  • Drug abuse or alcoholism
  • Self inflicted injury, attempted suicide or suicide
  • Consequential loss or indirect expenses

Specific exclusion

Critical Illness
  • Any pre-existing illness
  • Any critical illness discovered within 90 days of the policy
  • Self medication; treatment not administered by a doctor or which is not medically necessary
  • Congenital illness or defects and/or treatment administered for them
  • Hormone Replacement Therapy; contraceptive procedures
  • Gender change or cosmetic surgery or treatment/procedures associated with the same
  • Self medication; unauthorized treatment
Personal Accident
  • Payment under more than one category specified i.e Death or Permanent Total Displacement
  • Any infirmity/conditions existing before the inception of the policy
  • Persons learning to operate an aircraft or operating as crew or participating in adventure sports including winter sports, hazardous activities and the like
  • Death or permanent total disability arising out of illness
  • Venereal diseases or insanity
Loss of Job
  • Termination, dismissal, temporary suspension or retrenchment due to fraud or dishonesty, poor performance
  • Businessmen; persons who are self employed
  • Employees on casual, temporary or contractual basis
  • Unemployment due to resignation, retirement whether voluntary or otherwise
  • Unemployment at inception or arising within first 90 days of Inception

SBI General Health Insurance FAQ’s

SBI General has an extensive network of 6000+ network hospitals across India growing steadily over the years. One must get admitted to a network hospital in order to avail cashless treatment for their illness. One can get the hospital closest to them by going through the SBI General network hospital list available on SBI General Health Insurance

Most of the Health Insurance Policies offered by the General Insurance companies in India have waiting periods during which certain pre existing diseases are excluded in the coverage. They are excluded for certain predefined period (number of years) before they are covered i.e. The Policy holder is expected to have continuous cover for the predefined period before the pre existing diseases are covered under the policy. Portability will ensure that these accrued benefits are transferred (without any dilution) to the new insurer at the time of renewal and porting and the consumer do not lose on these accrued benefits while opting to switch the insurer using Health Insurance Portability. The Policy holder can port the following accrued credits: General waiting period Waiting periods pertaining to the coverage of pre-existing diseases/conditions Any time bound exclusions.

The duration only after which a claim can be made is called the waiting period.

Sum Insured is the maximum amount that an insurance company will pay to the insured, according to the insurance contract, in the event of a claim.

The following KYC documents are required from the insured person/proposer in cases of reimbursement-
  • If claim amount is below 1 lakh- Photo Id proof & address proof
  • If claim amount is above 1 lakh- Photo Id proof, address proof and a recent photograph


Review SBI General Loan Insurance Policy insurance brochure to understand coverage details.

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Proposal form

Fill the online SBI General Loan Insurance Policy insurance proposal form.

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Policy wordings

Review SBI General Loan Insurance Policy insurance policy wordings which explains the terms and conditions.

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025