SBI Launched Personal Accident Cover for Just Rs.100

SBI Generl Insurance launched an amazing Personal Accident Insurance Offer offer for it’s Saving Account Holders:-

Just pay Rs. 100 annual & Get Rs. 400,000 Personal Accidental Insurance.

Each permanent Indian residence having Saving Bank Account with SBI and ages betwen 18 years to 65 years can take policy of 4 Lakhs for a nominal annual premium of Rs.100. The insurance provider is SBI General.

Policy covers loss of life due to accident.

Some of the major exclusions are:
a. Suicide & Self Inficted Injury
b. HIV,AIDS
c. Persons enrolled in any branch of police, paramilitary, military & armed forces of any Country, whether in peace or war.
d. Accidents under influence of Alcohol, Drugs, or other Intoxicants
e. Participation in Riot, Felony, Crime or Civil Commotion
f. Learning or operating any Aircraft.
g. War, Civil War, Invasion, Insurrection, Revolution, Act of Foreign Enemy etc,
h.  Nuclear Damage
i. Adventure & Dangerous sports
j. Child Birth & Pregnancy
h. Wilful Participation in Illegal act or any Violation or attempted violation of the Law or Resistance to arrest.

For further list of exclusions please refer to the Policy Wording

The process is quite simple: 

1. Visit your SBI branch and fill up a form that will permit them to deduct Rs.100 from your savings account.

2. Within a couple of days the policy document (which is a nothing but a single sheet of paper) and a receipt for the paid premium can be collected from the branch.

3.While collecting the same, you need to fill up the nominee details on this policy document.