SBI Individual Personal Accident Insurance Policy

Policy Benefits

• Accidental Death is covered up to 100% of the Sum Insured (SI), if occurs within 365 days from the date of the accident.
• Permanent total disability is covered up to 100% of SI.
• In the event of accidental death/permanent total disability, education grant is applicable as specified under the plan. This benefit is payable to maximum two individuals (children/spouse).
• In case of permanent total disability, Adaptation allowance for modifying insured’s house/vehicle is payable under the policy.
• Hospital confinement allowance is paid daily for a maximum of 15 days. It is available as an add-on cover.
• Permanent partial disability is covered as a specific percentage of the sum insured.
• Temporary total disability is covered as a specific percentage of the sum insured. This benefit is payable for maximum of 104 weeks.

Value Added Benefits

• Ambulance charges, including air ambulance are covered as per the limits mentioned. It is an add-on cover and is available when Accidental Death Sum Insured is Rs 5 Lacs and above.
• No pre-policy medical check-up is required, provided there is no any adverse medical history.
• Get cumulative bonus as 5% increase in sum insured on completion of each claim-free policy year, to a maximum of 50%. This benefit is applicable to Accidental Death, Permanent Partial Disability and Permanent Total disability.
• Dedicated and experienced claims team to ensure quick & transparent claims procedure.

Sub Limits

• Deductible of one week is applicable for Temporary total disability.
• Education grant of Rs 50,000 or 1% of basic SI whichever is less, is paid.
• Adaptation allowance of Rs 25,000 or 1% of basic SI whichever is less, is paid.
• Hospital confinement allowance of Rs 1,000/ Rs 2,000/Rs 3,000 is payable.
• Ambulance charges are payable up to 10% of Accidental death SI, to a maximum of Rs 1 Lac.
• Permanent partial disability is covered in a range of 1% to 50% or any other percentage of the sum insured as assessed by the doctor.
• Temporary total disability is payable up to 1% of SI or Rs 10,000 whichever is less.

Waiting Period Clause

No waiting period is applicable under this policy.