SBI General Group Personal Accident Plan

About SBI General Group Personal Accident Insurance Company

SBI General Insurance, a rapidly growing private insurer backed by the trusted legacy of the State Bank of India, has established itself as a reliable name in the general insurance industry. Since its inception in 2009, the company has expanded significantly, growing from 17 branches in 2011 to over 146 branches nationwide. In FY 2023-24, SBI General recorded remarkable growth, achieving a 17% rise in Gross Written Premium (GWP) to INR 12,731 crores.

With a workforce exceeding 8,000 employees and a robust multi-channel distribution model including Bancassurance, Agency, Broking, Retail Direct, and Digital partnerships SBI General ensures widespread access to its services. Supported by a network of over 22,518 touchpoints, including SBI branches, agents, financial partners, OEMs, and digital collaborators, the company serves urban and rural areas alike. Its diverse portfolio caters to Retail, Corporate, SME, and Rural segments, offering seamless accessibility through both online and offline channels.

Key Features and Benefits of SBI General Group Personal Accident Insurance

The key features and benefits of SBI General Group Personal Accident Insurance policy are as follows:

• Accidental Death Benefit: Provides financial security to the family in case of the insured's accidental death.
• Permanent Total Disability Cover: Offers monetary support if the insured sustains a permanent total disability due to an accident.
• Repatriation and Funeral Expenses: Covers the cost of transporting the insured's remains and funeral arrangements.
• Child Education Benefit: Assists in funding the education of dependent children in case of the insured's demise or disability.
• Home and Vehicle Adaptation Allowance: Covers expenses for modifying living spaces or vehicles to meet post-disability requirements.
• Ambulance Services Cover: Reimburses the costs incurred for ambulance transportation following an accident.

Premium Details

Policy Details

Minimum Sum Insured 2,00,000 /-

Maximum Sum Insured 20,00,000 /-

Age Limit - The entry age for the policyholder is 18 years to 65 years.

Coverage Type Individual.

Policy termination -The Policyholder is allowed to terminate the policy at any time by giving a 15-day written notice. In case no claim has been made under the policy, a percentage of the premium will be refunded.

Free look period -If you are not happy with the coverage and terms and conditions of the policy, you can cancel the policy within 15 days of receipt of the policy documents, provided there has been no claim.

Exclusions Under SBI General Group Personal Accident Plan

• Accidents resulting from suicide, attempted suicide (whether sane or insane), intentionally self-inflicted injury, mental or nervous disorder will not be covered under this policy.
• Accidents arising in the course of employment in any branch of the Military or Armed Forces of any country will not be covered.
• Accident arising under the influence of drugs, alcohol and other intoxicates will not be covered.
• Committing breach of law with criminal intent.