Accidents can be traumatizing- not just for those involved but their loved ones too. In addition to mental stress and emotional suffering, accidents can also cause a huge financial burden on victims & their family. Hospitalization, treatment and the inability to work during recovery may lead to significant financial hardships. With an individual personal accident policy, the insured gets covered for loss of life, disabilities & even loss of income due to an accident
Who Can Buy This Policy?
Any individual between 18 and 65 years of age can buy this policy for oneself, their spouse, dependent children (91 days – 23 years), parents & parents-in-law.
Vision
Our vision is to become the most trusted general insurer for a transforming India.
Mission
Our mission is to provide simple and innovative general insurance solutions, be responsive to our customers’ needs and build a sustainable business for the future.
Buy it online here
Unique Features
Adaption remittance: cost of adjusting protected house or vehicle to battle inability.
Emergency clinic Constrainment Remittance: A remuneration will be paid on the off chance that protected is conceded in a medical clinic because of Injury or Mishap
Emergency vehicle charges: whenever caused for profiting a Rescue vehicle Administration (counting Air Rescue vehicle) to move the Safeguarded Individual to a Clinic from the area of Mishap or Injury or from one Clinic to other Clinic or from Medical clinic to place of home in the event of death or PTD
Instructive Advantage: in case of the demise or extremely durable absolute disablement (PTD) of the Protected Individual because of a mishap as characterized in the Arrangement, the Organization will pay instructive advantage for the reliant Youngsters.
Long-lasting Aggregate: It accommodates instalment of remuneration for substantial injury brought about by coincidental, savage, outer and noticeable means bringing about Long-lasting Absolute Disablement coming about because of a mishap.
Product Benefits – SBI Insurance Individual Personal Accident Policy
| BENEFITS | Table A | Table B | Table C | Table D |
| Accidental Death | 100% of Sum Insured | |||
| Permanent Total Disability | Not Covered | 100% of Sum Insured | ||
| Permanent Partial Disability | Not Covered | As per specified in table | ||
| Temporary Total Disability | Not Covered | 1% of SI; maximum Rs. 10000 per week, up to 104 weeks | ||
| Education benefit | Not Covered | 1% of SI or Rs. 50000 whichever is less | ||
| Adaption allowance | Not Covered | 1% of SI or Rs. 25000 whichever is less | ||
| Cumulative Bonus | In the event if the insured does not claim, the sum insured will be increased by 5%, subject to a max. up to 50% | |||
Eligibility Criteria – SBI Insurance Individual Personal Accident Policy
| Category | Details |
| Age Group | Min Entry Age: 18 Years Max Entry Age: 65 Years Min Entry Age: 3 Months Max Entry Age: 23 Years (Dependent children) |
| Renewal Age | Life Long Renewal |
| Sum Insured | Rs. 5 Lacs to Rs. 15 Lacs |
| Policy Tenure | 1 Year |
| Family Definition | Individual & Family – Self, Spouse, (Dependent Children, Dependent Parents and Dependent Parents-in-Law & Non-working Spouse – Limited to 20% of SI or Rs. 10 Lacs (whichever is less) |
Sum Insured
| Sum Insured | 5, 7.5, 10, 15 Lacs | 5, 7.5, 10, 15 Lacs | 5, 7.5, 10, 15 Lacs | 5, 7.5, 10, 15 Lacs | 5, 7.5, 10, 15 Lacs | 5, 7.5, 10, 15 Lacs | |
| Insured member | Primary Member | Insured member 2 | Insured member 3 | Insured member 4 | Insured member 5 | Insured member 6 | |
| Below coverages are mentioned as per the Sum Insured (if spouse is non-earning member) | |||||||
| Accidental Death and Permanent Total Disability | 5 Lacs 7.5 lacs 10 Lacs 15 Lacs |
(5 Lacs-100000) (7.5 lacs-150000) (10 Lacs-200000) (15 Lacs-300000) |
(5 Lacs-100000) (7.5 lacs-150000) (10 Lacs-200000) (15 Lacs-300000) |
(5 Lacs-100000) (7.5 lacs-150000) (10 Lacs-200000) (15 Lacs-300000) |
(5 Lacs-100000) (7.5 lacs-150000) (10 Lacs-200000) (15 Lacs-300000) |
(5 Lacs-100000) (7.5 lacs-150000) (10 Lacs-200000) (15 Lacs-300000) |
|
| Adaption allowance | (5 Lacs-5000) (7.5 lacs-7500) (10 Lacs-10000) (15 Lacs-15000) |
Not Available | (5 Lacs-1000) (7.5 lacs-1500) (10 Lacs-2000) (15 Lacs-3000) |
(5 Lacs-1000) (7.5 lacs-1500) (10 Lacs-2000) (15 Lacs-3000) |
(5 Lacs-1000) (7.5 lacs-1500) (10 Lacs-2000) (15 Lacs-3000) |
(5 Lacs-1000) (7.5 lacs-1500) (10 Lacs-2000) (15 Lacs-3000) |
|
| Education Benefit | Not Available | Not Available | (5 Lacs-1000) (7.5 lacs-1500) (10 Lacs-2000) (15 Lacs-3000) |
(5 Lacs-1000) (7.5 lacs-1500) (10 Lacs-2000) (15 Lacs-3000) |
Not Available | Not Available | |
| Ambulance Cover | (5 Lacs-50000) (7.5 lacs-75000) (10 Lacs-100000) (15 Lacs-100000) |
(5 Lacs-10000) (7.5 lacs-15000) (10 Lacs-20000) (15 Lacs-30000) |
Not Available | Not Available | Not Available | Not Available | |
| Hospital Confinement Allowance | (5 Lacs-1000) (7.5 lacs-1000) (10 Lacs-1000) (15 Lacs-1000) |
(5 Lacs-1000) (7.5 lacs-1000) (10 Lacs-1000) (15 Lacs-1000) |
Not Available | Not Available | Not Available | Not Available | |
Add-ons – SBI Insurance Individual Personal Accident Policy
| Benefit Name | Definition | Compensation Paid | |
| Hospital Confinement Allowance: | If insured is admitted in a Hospital due to Injury or Accident | Rs. 1000/2000/3000 per day, maximum for 15 days for entire policy period. | |
| Ambulance Charges including Air Ambulance : | 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. | 10% of the Sum insured; subject to a maximum Rs. 100,000/- per policy period (Available for Sum Insured 5 lac & Above. | |
If spouse is earning member
| Below coverages are mentioned as per the Sum Insured (if spouse is earning member) | |
| Sum Insured | 5, 7.5, 10, 15 Lacs |
| Accidental Death and Permanent Total Disability | 5 Lacs 7.5 lacs 10 Lacs 15 Lacs |
| Adaption allowance | (5 Lacs-5000) (7.5 lacs-7500) (10 Lacs-10000) (15 Lacs-15000) |
| Ambulance Cover | (5 Lacs-50000) (7.5 lacs-75000) (10 Lacs-100000) (15 Lacs-100000) |