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SBI Individual Personal Accident Policy

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SBI Individual Personal Accident Insurance Plan

SBI Individual Personal Accident Insurance Plan, is designed to cover Loss of Life, Disabilities and Income due to an Accident. 

 

Key Features of SBI Individual Personal Accident Insurance Plan

Policy for all working class - self-employed, salaried and business 
Maximum Coverage – up to 10 lacs
Add-ons like Education Benefit, Adaptation Allowance, Hospital Confinement Allowance and Ambulance charges
Cumulative Bonus available
Covers - Loss of life due to accident, Disabilities due to accident and Income loss due to accident

 

What is covered in SBI Individual Personal Accident Insurance Plan?

The policy offers 'Accidental Death' as compulsory cover and Permanent Total Disability (PTD), Permanent Total Disability (PTD) and Temporary Total Disability (TTD) as optional covers. Insured may opt for any of the following coverage options -
  • Accidental death
  • Accidental death + Permanent Total Disability (PTD)
  • Accidental death + Permanent Total Disability (PTD)  + Permanent Partial Disability (PPD)
  • Accidental death + Permanent Total Disability (PTD) +  Permanent Partial Disability (PPD) + Temporary Total Disability (TTD)
Permanent Total Disability (PTD) benefit comes with the following benefits at no additional cost –
  • 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.
  • 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.
Add on Covers:
  • 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 India
  • 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
 

Eligibility Criteria and other conditions in SBI Individual Personal Accident Insurance Plan

 

Minimum

Maximum

Entry Age (in years)

18

65

Sum Coverage (in Rs.)

1,00,000

1,00,00,000



 

Additional Features of SBI Individual Personal Accident Insurance Plan

  • Free look period – If the policy holder is not convinced with the terms and conditions of the policy, s/he can cancel the same within 15 days of the receipt of policy document.
  • Long time Renewability – The policy can be renewed for a life time.

Exclusions - What is not covered in SBI Individual Personal Accident Insurance Plan?

  • Suicide or intentionally self-inflicted Injury or Illness
  • Accident arising out of and in the course of employment in any branch of the Military or Armed Forces of any country, whether in peace or War.
  • Pre-existing illnesses
  • Participation in an actual or attempted felony, riot, crime, misdemeanor, or civil commotion
  • Accident during air travel except as a fare paying passenger on a recognized airline or charter aircraft
  • Accident while operating or learning to operate any aircraft or ship, or performing duties as a member of the crew on any aircraft or ship.
  • Any loss resulting directly or indirectly, contributed or aggravated or prolonged by childbirth or from pregnancy,
  • Abuse of intoxicant or hallucinogenic substances like intoxicating drugs and alcohol.
  • For complete list of exclusions please refer to the policy brochure



 

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