Accidents can strike without warning, leaving families emotionally and financially vulnerable. In such uncertain times, having the right protection in place can make a significant difference. SBI Group Personal Accident Insurance is designed to provide financial security against accidental risks, ensuring that your loved ones remain protected even when life takes an unexpected turn.
Offered by SBI General Insurance, this policy provides comprehensive accident coverage at affordable premiums. If you are looking for reliable protection backed by a trusted name, understanding the features and benefits of the group personal accident insurance SBI offers is essential.
SBI General’s Group Personal Accident Insurance Overview
As highlighted in the official brochure
Group Personal Accident Insuran…
, SBI General’s Group Personal Accident Insurance is built to “secure your family’s future” by offering coverage against accidental death and disabilities.
The policy is specifically designed for individuals who maintain a banking relationship with the State Bank of India. It combines affordability, essential accident coverage, and additional benefits to provide a safety net during emergencies.
The SBI general group personal accident insurance plan focuses on:
- Financial protection against accidental death
- Coverage for permanent total disability
- Support for education expenses of children
- Assistance for ambulance and funeral expenses
- Adaptation allowances for home and vehicle modifications
This makes the group personal accident insurance policy SBI offers a comprehensive accident protection solution.
Eligibility for SBI Group Personal Accident Insurance
Before applying for the SBI general group personal accident insurance policy, it is important to understand the eligibility requirements.
Age Limit
- Minimum entry age: 18 years
- Maximum entry age: 65 years
Residency
- The applicant must be a permanent resident of India.
Mandatory Bank Relationship
- The applicant must hold a Savings Bank Account or an Individual Current Account with the State Bank of India.
These straightforward eligibility norms make the group accidental insurance policy SBI offers accessible to a wide range of customers.
Also Read: SBI Insurance
Key Coverage Benefits Under the Policy
The strength of the SBI general insurance group personal accident insurance lies in its well-defined coverage benefits.
1. Accidental Death
In the unfortunate event of death due to an accident, the nominee receives the sum insured. This financial support helps the family manage immediate and long-term financial responsibilities.
2. Permanent Total Disability (PTD)
If an accident results in permanent total disability, the policy provides compensation as per the policy terms. This ensures financial stability even if the insured loses earning capacity.
3. Repatriation and Funeral Expenses
The policy covers 1% of the accidental death sum insured, subject to a maximum of ₹10,000, towards repatriation and funeral expenses.
4. Child Education Cover
To secure children’s future, the policy provides up to 1% of the accidental death sum insured or ₹20,000 (whichever is lower) for the first and second child in case of death or admissible PTD claim.
5. Adaptation Allowance (Home & Vehicle)
In case of permanent total disability, 1% of the accidental death sum insured (up to ₹20,000) is payable for modifications in home or vehicle to accommodate disability.
6. Ambulance Cover
The policy covers 1% of the accidental death sum insured up to ₹1,500 per incident towards ambulance expenses in admissible claims of death or PTD.
These additional features make the group personal accident insurance sbi plan more than just a basic accident cover—it becomes a comprehensive support system.
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Sum Insured Options & Premium Details
One of the key advantages of the SBI general group personal accident insurance policy is its affordability.
| Sum Insured (₹) | Premium per Person (₹) Including GST |
|---|---|
| 2,00,000 | 100 |
| 4,00,000 | 200 |
| 10,00,000 | 500 |
| 20,00,000 | 1,000 |
| 40,00,000 | 2,000 |
| 60,00,000 | 3,000 |
This flexible structure allows individuals to choose coverage based on their financial responsibilities and affordability.
The low premium-to-coverage ratio makes the group accidental insurance policy sbi highly cost-effective, especially for salaried individuals and small business owners.
SBI Group Personal Accident Insurance Policy Renewal
The policy may be renewed with the insurer’s consent by paying the renewal premium in advance at the time of renewal.
However, it is important to note:
- The insurer is not bound to give notice when the policy is due for renewal.
- If the policy is not renewed within the specified period, it will terminate at the end of the policy term.
Timely renewal ensures continuous protection under the SBI general insurance group personal accident insurance.
Exclusions Under the Policy
While the group personal accident insurance policy sbi offers extensive coverage, certain exclusions apply:
- Pre-existing disabilities or diseases
- Suicide or attempted suicide
- Self-inflicted injuries
- HIV/AIDS-related conditions
- Accidents under the influence of alcohol or drugs
- Participation in riots, criminal acts, or civil commotion
- War, invasion, insurrection, or nuclear damage
- Learning or operating aircraft
Understanding these exclusions helps policyholders make informed decisions.
Claim Procedure and Support
SBI General has a dedicated and experienced claims team focused on delivering fast, fair, convenient, and transparent claim services.
How to Make a Claim
- Call: 1800 210 3366 / 1800 210 6366
- Email: sbig.health@sbigeneral.in
- SMS: “HEALTHCLAIM” to 561612
- Website: www.sbigeneral.in
The claims team keeps customers informed about the progress of their claim, ensuring a smooth and hassle-free experience.
Regulatory Compliance – Section 41 of the Insurance Act, 1938
The SBI group personal accident insurance strictly adheres to Section 41 of the Insurance Act, 1938 regarding prohibition of rebates
Prohibition Rules
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No person is allowed to offer rebates on commission or premium as an inducement to purchase, renew, or continue an insurance policy.
-
Policyholders are not permitted to accept any rebate unless it is specified in the insurer’s published prospectus.
Penalty for Non-Compliance
Failure to comply with these provisions may result in a fine that can extend up to ₹10 lakhs.
This ensures ethical practices and transparency in insurance transactions.
Why Choose SBI General Group Personal Accident Insurance
There are several reasons why individuals prefer the group personal accident insurance sbi plan:
- Backed by a trusted public sector banking institution
- Affordable premiums with high coverage
- Multiple sum insured options
- Additional benefits beyond accidental death
- Transparent claims process
- Strong regulatory compliance
For SBI account holders, this plan provides seamless integration between banking and insurance services.
Final Thoughts
Accidents are unpredictable, but financial preparedness can reduce their impact. The SBI general group personal accident insurance offers structured, affordable, and comprehensive accident coverage for eligible SBI account holders.
With coverage for accidental death, permanent total disability, child education support, ambulance expenses, and home adaptation benefits, the policy ensures your family is not left financially stranded during difficult times.
If you are an SBI savings or current account holder between 18 and 65 years of age, opting for the group accidental insurance policy sbi can be a practical step toward securing your family’s future.
Before purchasing, always review the detailed policy wording and ensure it aligns with your protection needs.
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