The minimum age of entry for SBI General’s Individual Personal Accident Insurance Policy is 18 years. However Children from the age of 3 months can be covered subject to either of the parents is concurrently covered with the same Policy. The Maximum age of entry for the policy for adults is 65 years and for children is 23 years.
Family option is available, where family means the Primary Insured Person, legal spouse, dependent children, dependent parents and dependent parents in law.
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SBI General Health Insurance Review
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
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 2018-19 | ** As per NL25 data published on the Insurance Company website
SBI Personal Accident Care Insurance review
Coverage of SBI Personal Accident Care Insurance
SBI General Individual Personal Accident Insurance Policy covers loss of life, disabilities and income due to an accident.
The range of coverage it offers is from Rs 1,00,000 up to Rs 1,00,00,000. The coverage for Accidental Death Benefit / Permanent Total Disability is limited to 120 times monthly gross income or 10 times the annual gross earnings from gainful employment / occupation.
Coverage for dependent children, dependant parents, parents in law and non working spouse is limited to 20 % of sum insured or Rs 10,00,000/- whichever is less.
Weekly Indemnity under the Temporary Total Disablement benefit is –1% of Accidental Death Sum Insured subject to Max of Rs 10, 000/- per week, up to maximum of 104 weeks.
Note : For Accidental Death Sum Insured of above 25 Lakhs, copy of self attested latest income proof (latest 3 Salary Slips / Form 16 / IT return) needs to be provided along with the completed Proposal Form.
Key features of SBI Personal Accident Care Insurance
Ideal for self employed, salaried and business class people.
Add-on coverage for Hospital Confinement Allowance and Ambulance charges.
Permanent Total Disability (PTD) benefit comes with add-ons like Education Benefit & Adaptation Allowance at no additional cost.
Availability of Cumulative Bonus.
Policy coverage includes Loss of life due to accident, Disabilities due to accident and Income loss due to accident.
Exclusions of SBI Personal Accident Care Insurance
Accident resulting from suside, attempted suside(whether sane or insane) or intentionally self-inflicted injury, mental or nervous disorder.
Accident arising out of and in the course of employment in any branch of the miltary or armed forces of any country, whether in peace or war.
Accident while being under the influence or abuse of drugs, alcohol, or other intoxicants or hallucinogens unless properly prescribed by a physician and taken as prescribed.
Participation in an actual or attempted felony, riot, crime, misdemeanour, or civil commotion.
Accident during air travel except as a fare paying passenger on a recognized airline or charter aircraft.
Group Personal Accident Insurance Policy can be purchased by any permanent resident of India who has Savings Bank Account/Individual Current Account holders with State Bank of India or any of its associate banks. Available for applicants aged between 18 years to 65 Years.