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With SBI General you can be in control and safe guard your family against these uncertainties. At SBI General we believe in being with you at every step and help you take control of your life.
You can take on the challenges life throws at you and secure your family’s future with SBI General’s Individual Personal Accident Insurance Policy. This Policy is designed to cover Loss of Life, Disabilities and Income due to an Accident.
Age & Sum Insured Eligibility:
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.
A few details to start with
SBI General's Individual Personal Accident Insurance Policy has 'Accidental Death' as compulsory cover and 'PTD, PPD and TTD as optional covers. Insured may opt for any of the following coverage options -
In case of family option, every member of the family has option to choose from the benefits given above. However the benefits chosen by family members should not be more than the benefit chosen by primary insured.
Permanent Total Disability (PTD) benefit comes with the following benefits at no additional cost
1. Education benefit: Death and permanent total disability claim entitle the insured’s child and spouse to Education Benefit of Rs.50,000/- or 1% of CSI (basic SI), whichever is lower for each child/spouse, to maximum two individuals (children/spouse) on proof of enrolment at a Government approved education facility.
2. Adaption allowance: Permanent total disability claims also include payment towards cost of modifying Insured House or vehicle to combat Disability @ 1 % or Rs 25,000/- whichever is less.
1. Hospital Confinement Allowance: The per day allowance of Rs.1000 / 2000 / 3000 with a maximum coverage for 15 days for the entire policy period, if insured is admitted in a Hospital due to Injury or Accident that occurs within the Republic of India.
2. Ambulance Charges including air ambulance: 10% of Accidental Death Sum Insured subject to maximum of Rs.1,00,000 per policy period towards expenses incurred for availing an Ambulance Service. Ambulance cover available only when Accidental Death Sum Insured is Rs.5,00,000 and more. The expenses are payable if incurred for availing an Ambulance Service (including air ambulance) to transfer the Insured Person to a Hospital from the location of Accident or Injury or from one Hospital to other Hospital or from hospital to place of residence in case of death or PTD.
The minimum coverage available under this policy is Rs.1,00,000 and the maximum coverage available is Rs.1,00,00,000. Sum Insured 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. Sum Insured to dependent children, dependant parents, parents in law and non working spouse is limited to 20 % of Sum Insured of the Primary 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.
The Company shall not be liable under this policy for -
Disclaimer: The above information is indicative in nature, for more details on complete coverage and terms & conditions, please read the policy document carefully before concluding a sale.