Insurance Coverage with SBI Debit Cards
Most people in the country have an account with the State Bank of India. All our employed teachers also have salary accounts in the State Bank of India.
State Bank of India is the largest bank in India. It provides many services to their clients. One such service is the debit card.
SBI Bank offers a debit card to everyone who opens an account with them. Account holders usually use this card for their financial transactions. For example, to withdraw money from a bank, a debit card is used to withdraw money through an ATM.
All this, we know, but what we do not know is that in addition to this debit card, the bank also offers us a free insurance facility. That too without any premium.
Yes it is true, the bank is giving us personal accident insurance along with the debit card.
SBI Debit Card Insurance Cover
There are two types of personal accident insurance.
Air and non-air.
The bank has devised some rules for claiming personal accident insurance.
If the account holder wants to claim personal accident insurance non-air for his or her accident, he or she must make a financial transaction at least 90 days before the date of the accident through his or her debit, ATM, ePos or online.
If the account holder wishes to claim personal accident insurance non-air for his or her accident, he or she must make a financial transaction at least 90 days prior to the date of the accident, either through his or her debit, at ATM, ePOS or online, and purchase airline tickets using this debit card.
Personal Accidental Insurance (Death) Non Air:
This insurance covers the Debit Cardholder for non-air accidental death only, to the extent as applicable on the type of Debit Card variant held. This Insurance Cover becomes operational when the Card is used at least once on any channel, viz ATM/PoS/eCom during the last 90 days (Financial) from the date of accident
Personal Air Accidental Insurance (Death):
This insurance covers the Debit Cardholder for air accidental death only, to the extent as applicable on the type of Debit Card variant held. This Insurance Cover becomes operational when the Card is used at least once on any channel, viz ATM/PoS/eCom during the last 90 days (Financial transaction) from the date of accident, subject to a condition that the air ticket for that air travel should have been purchased by using the Debit Card
| Debit Card Variant | Personal Accident Insurance Cover - Non-Air (Death Only) In Rs. | Personal Air Accident Insurance Cover (Death Only) In Rs. |
|---|---|---|
| SBI Gold (MasterCard/VISA) | 2,00,000/- | 4,00,000/- |
| SBI Platinum (MasterCard/VISA) | 5,00,000/- | 10,00,000/- |
| SBI Pride (Business Debit) MasterCard/VISA) | 2,00,000/- | 4,00,000/- |
| SBI Premium (Business Debit) MasterCard/VISA) | 5,00,000/- | 10,00,000/- |
| SBI VISA Signature/MasterCard Debit Card | 10,00,000/- | 20,00,000/- |
Purchase Protection: This policy covers loss of goods/articles purchased (excluding perishables, jewellery, precious stones) due to theft/burglary/house breaking, including theft from vehicle, within 90 days of purchase of such goods. The goods must have been purchased by using the eligible Debit Card variants at Point of Sale/Merchant establishments.
| Debit Card Variant | Purchase Protection Cover in Rs |
|---|---|
| SBI Gold (MasterCard/Visa) | 5,000/- |
| SBI Platinum (MasterCard/Visa | 50,000/- |
| SBI Pride (Business Debit)(MasterCard/Visa) | 5,000/- |
| SBI Premium (Business Debit)(MasterCard/Visa) | 50,000/- |
| SBI Visa Signature Debit Card | 1,00,000/- |
Purchase Protection Cover for Salary Package Account holders: Purchase Protection Cover available to Cards issued to Salary Package Account Holders (all MasterCard/VISA variants)
Cards issued to Salary Package Account holders (all MasterCard/VISA variants) 2,00,000/-
Add On Covers: In addition to the above Insurance Covers, below Add-on Covers are also available to the Gold (MasterCard/VISA) Platinum (MasterCard/VISA) Pride (MasterCard/VISA) Premium (MasterCard/VISA) Signature (VISA)/World(MasterCard) Debit card variants, as a value added feature:
Family Transportation &Transportation of Mortal Remains(Cover of Rs 50,000/-):
If the Personal Accident Insurance claim is accepted as a valid claim, then the expenses incurred in transporting 2 immediate family members to the hospital, and the expenses incurred in transporting the mortal remains of the insured person from hospital to the residence, will be reimbursed, as an additional benefit.
Checked-In Baggage Loss Cover(Cover of Rs 25,000/-):
Checked-in Baggage Loss Cover for lost baggage during air travel (Domestic & International) in addition to the Cover available from the airline company, subject to a condition of the air ticket being purchased using the Debit Card
Dwonload SBI insurance with Debit Card PAI United India claim form
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