Sbi Accidental Insurance Policy 1000 Rs

The SBI Accidental Insurance Policy of 1000 Rs provides coverage for accidents resulting in loss of life, disabilities, and even loss of income.

Provides coverage for permanent total disability, as well as benefits for education and adaptation expenses.

Customers can receive a cumulative bonus if they have not made any claims and renew their policy without any gaps.

There is no need to undergo a medical examination in order to obtain the Individual Personal Accident Policy.

SBI Personal Accident Insurance Policy at Rs. 1000

Accidents can be distressing, not only for the individuals directly affected but also for their family members. Apart from the emotional and mental strain, accidents can result in substantial financial difficulties for both victims and their loved ones. The expenses related to hospitalization, medical treatment, and the inability to work during the recovery period can lead to significant economic burdens. By obtaining a personal accident policy, individuals are provided coverage for loss of life, disabilities, and even loss of income caused by an accident.

This policy is available for purchase by individuals aged 18 to 65 years, who can buy it for themselves, their spouse, dependent children (aged 91 days to 23 years), as well as their parents and parents-in-law.

What Does the Individual Personal Accident Plan Cover?

Take a look at the various features and benefits of the Individual Personal Accident Policy offered by SBI General Insurance

Key Features:

– Specifically created for individuals who are self-employed, salaried employees, or part of the business class.

– Additional coverage options available such as hospital confinement and ambulance charges.

– Cumulative Bonus feature included.

– Permanent Total Disability (PTD) benefit offered.

– Comprehensive protection provided against accident-related death, disability, and loss of income.

Our personal accident insurance policy includes mandatory coverage for accidental death, as well as various additional accident covers such as permanent total disability, permanent partial disability, and temporary total disability.

The SBI Accidental Insurance Policy of 1000 Rs does not cover incidents such as suicide or self-harm, injuries caused intentionally by oneself, being under the influence of drugs or alcohol without a prescription, involvement in criminal activities like riots or felonies, participation in high-risk activities like skydiving or scuba diving, and committing crimes with intent.

The list of exclusions mentioned above is only a sample and does not cover all possibilities. To access a complete list of what is included and excluded, please consult the policy wordings.

You might be interested:  How to Check SBI Bank Account Balance: Step-by-Step Guide

The minimum coverage provided by the SBI Accidental Insurance Policy is Rs 1,00,000 and the maximum coverage is Rs 1,00,00,000. The amount insured for accidental death benefit or permanent total disability (PTD) is limited to either 120 times the monthly gross income or 10 times the annual gross earnings from employment.

Highlights

Tailored for individuals who are self-employed, salaried, or belong to the business class, the SBI Accidental Insurance Policy of 1000 Rs offers additional coverage options such as hospital confinement and ambulance charges. It also provides a cumulative bonus and benefits for permanent total disability (PTD). This comprehensive policy covers various aspects including death and disability resulting from accidents, as well as income loss.

What’s Covered

Our personal accident insurance policy includes mandatory coverage for accidental death, as well as various additional covers such as permanent total disability (PTD), permanent partial disability (PPD), and temporary total disability (TTD).

What’s Not Covered

The SBI Accidental Insurance Policy of 1000 Rs does not cover certain situations such as suicide or attempted suicide, self-inflicted injury, being under the influence of drugs or medication not prescribed by a doctor, involvement in criminal activities like felony or rioting, participating in hazardous activities like skydiving or scuba diving, and committing crimes with intent.

The list of exclusions mentioned above is just an example and does not cover all possible scenarios. To get a complete understanding of what is covered and what is not, it is advisable to refer to the policy document for detailed information.

Plan Option

The minimum coverage offered by the SBI Accidental Insurance Policy is Rs 1,00,000, while the maximum coverage is Rs 1,00,00,000. The amount insured for Accidental Death Benefit or Permanent Total Disability is capped at either 120 times the monthly gross income or 10 times the annual gross earnings from employment.

Please provide us with some simple answers to assist us in tailoring a personalized plan for you.

Renew Your Existing SBI Accidental Insurance Policy for 1000 Rs

Renew your policy with ease and convenience from the comfort of your own home, thanks to our efficient and hassle-free renewal process.

Filing a Claim on Your Current SBI Accidental Insurance Policy for 1000 Rs

At SBI, we prioritize the welfare and convenience of our customers. We strive to provide a smooth and effortless claim process while offering comprehensive support throughout the entire claims procedure.

Searching for the Nearest Cashless Hospital?

Benefit from our wide range of network hospitals & avail cashless treatment without any inconvenience.

FAQs about Individual Personal Accident

Below are some frequently asked questions regarding the SBI Accidental Insurance Policy priced at 1000 Rs.

The SBI Accidental Insurance Policy of 1000 Rs is specifically created to provide coverage for accidental loss of life, disabilities, and income. The policy includes coverage for accidental death as a basic component, while additional optional covers are available for permanent total disablement, permanent partial disablement, and temporary total disablement.

There are no deductibles involved in the policy, except for cases where Temporary Total Disablement has been chosen. In such instances, there is a deductible applied for the first week of the claimed period.

You might be interested:  SBI Debit Card EMI Eligibility Verification Contact Number

The SBI General Individual Personal Accident Insurance Policy can be availed for a duration of one year only.

This policy offers additional coverage for Hospital Confinement Allowance and Ambulance Expenses, including air ambulance services.

Individuals between the ages of 18 and 65 are eligible to purchase this insurance policy.

You have the option to choose Hospital Confinement Allowance as part of the policy, which covers daily expenses for accidental hospitalization for a maximum of 15 days within the policy duration. You can select either Rs.1000/ Rs.2000/ Rs.3000 per day allowance under this benefit.

For more details on the risk factor, terms and conditions, please refer to the Sales Brochure and Policy Wordings carefully before concluding a sale. #Starting from ₹53 /Month for 1Adult –Age 25years ; Rs. 10 Lakh Sum Insured (Exclusive Taxes) SBI General Insurance and SBI are separate legal entities and SBI is working as Corporate Agent of the company for sourcing of insurance products. *T&C Apply

SBI accident insurance: What are the benefits of 500 RS?

What does the 500 Rs premium cover? The premium of 500 Rs covers the policyholder for a specified period, usually one year. It provides coverage against accidental death, permanent total disability, permanent partial disability, and temporary total disability.

1. Accidental Death: In case of an accident resulting in death, the policy provides financial assistance to the nominee or beneficiary.

2. Permanent Total Disability: If an accident leads to complete and irreversible loss of bodily functions or limbs, this policy offers compensation to help cope with such disabilities.

3. Permanent Partial Disability: In situations where an accident causes partial impairment or loss of certain body parts or functions permanently, this insurance plan provides financial support based on the extent of disability.

4. Temporary Total Disability: If an individual becomes temporarily disabled due to an accident and is unable to work during that period, this policy ensures income replacement until recovery.

By paying a nominal premium amount of 500 Rs annually for this SBI Accidental Insurance Policy in India, individuals can gain peace of mind knowing they have protection against unforeseen accidents and their potential consequences.

What does the SBI accidental scheme entail?

For example, if someone earns a monthly salary of Rs. 50,000, they could potentially avail up to Rs. 60 lakhs (120 x Rs. 50,000) as their Sum Assured for Accidental Death Benefit and Total Permanent Disability benefit. Similarly, if their annual income is Rs. 6 lakhs (Rs. 50,000 x12), they could avail up to Rs. 60 lakhs (10 x Rs.6 lakhs).

Is it possible to terminate SBI life insurance policy after 1 year?

SBI Life offers two types of insurance policies, namely Dhanraksha and RiNn Raksha. If policyholders wish to surrender these policies, they have the flexibility to do so after completing one year from the start date of their insurance cover until the expiry of the policy term.

The surrender option allows policyholders to terminate their SBI Life – Dhanraksha or SBI Life – RiNn Raksha Policies before their original maturity date. This can be beneficial in certain situations where individuals may no longer require or afford the coverage provided by these policies.

You might be interested:  Forgot Yono Lite SBI Username and Password? Find a Solution Here

By choosing to surrender an SBI accidental insurance policy, individuals will effectively cancel all benefits associated with it. This means that any future claims or coverage under this particular plan will cease immediately upon completion of the surrender process.

What does 2 lakh accident insurance mean?

In the unfortunate event of death, the nominee will receive a sum of Rs. 2 Lakhs as per the SBI Accidental Insurance Policy. Additionally, if there is a total and irrecoverable loss of both eyes or loss of use of both hands or feet, or even loss of sight in one eye along with loss of use in one hand or foot, the subscriber will also be eligible for a compensation amounting to Rs. 2 Lakhs.

The SBI Accidental Insurance Policy provides financial support to individuals and their families during times of unexpected accidents resulting in severe disabilities or even death. In case an individual loses their life due to an accident covered under this policy, the nominated beneficiary will receive a lump sum payment worth Rs. 2 Lakhs.

Furthermore, if an insured person suffers from complete and permanent impairment such as losing both eyesight or experiencing complete disability in both hands or feet, they are entitled to claim Rs. 2 Lakhs from this insurance policy. Similarly, if someone loses vision in one eye along with losing functionality in either a hand or foot permanently due to an accident covered by this policy, they can avail themselves of the same compensation amount.

It is important for subscribers to understand that this accidental insurance policy offered by SBI aims at providing financial security and assistance during unforeseen circumstances caused by accidents leading to severe injuries or fatalities. By offering substantial compensation amounts like Rs. 2 Lakhs on specific conditions mentioned above ensures that individuals have some level of monetary support when faced with such unfortunate incidents.

How much accidental insurance is provided in an SBI salary account?

SBI offers a zero balance account that allows customers to enjoy free unlimited transactions at any ATM, regardless of the bank. In addition to this convenience, SBI also provides complimentary insurance coverage for personal accidents and air accidents resulting in death.

The Personal Accident Insurance (Death) cover offered by SBI provides financial protection up to Rs. 20 Lakhs. This means that in the unfortunate event of an accident leading to loss of life, the nominee or beneficiary will receive a sum assured up to Rs. 20 Lakhs as compensation from the insurance policy.

By offering these insurance benefits along with their zero balance account and free unlimited transactions across ATMs, SBI aims to provide its customers with added security and peace of mind. These policies ensure that individuals are financially protected against unforeseen circumstances such as personal accidents or air accidents resulting in death.

Is it possible to terminate SBI accident insurance?

Remember, cancelling an insurance policy should not be taken lightly as it can leave you without coverage in times of unforeseen accidents or emergencies. Therefore, always consider alternative options before making a final decision on whether or not to cancel your SBI General Group Personal Accident Insurance Policy.