Individual Personal Accident Insurance Policy

This Policy is designed to cover Loss of Life, Disabilities, and Income due to an Accident. Accidental Death cover is a compulsory cover; Permanent Total Disablement, Permanent Partial Disablement and Temporary Total Disablement are Optional covers available to the proposer.

The minimum age for taking this policy is 18 years and maximum is 65 years. There is Lifelong Renewability under the Policy in the absence of a claim.

You can opt for Hospital Confinement allowance under the policy that pays for per day of accidental hospitalisation for maximum up to 15 days in a policy period. You can opt for a per day allowance of ₹1000/ ₹ 2000/ ₹3000 under this benefit.

This policy covers only Accidental Death and hence death due to any other reason other than accident will not be covered under this policy

Anyone in the age group of 18- 65 years can buy this policy.

There is No maximum exit age for this policy.

There is a no waiting period under this policy.

This Policy applies to accidental events occurring anywhere in the world.

Hospital Confinement allowance and Ambulance expenses (including air ambulance) are available as add on covers under this policy

Sum Insured for Accidental Death Benefit/ Permanent Total Disability is limited to 120 times Monthly Gross income or 10 times the annual gross earnings from gainful employment/occupation. Maximum SI is ₹ 1,00,00,000/-. Minimum Sum Insured is ₹ 1,00,000/-.  

Sum Insured for Dependent Children, dependant parents, parents in law and non working spouse is limited to 20 % of SI of the primary Insured or ₹10, 00,000/- whichever is less.

Proof of income is required only in case of Accidental Death sum insured exceeding ₹25, 00,000/-.

For Accidental Death Sum Insured of above ₹ 25 Lakhs , copy of self signed  latest income proof ( Latest 3 salary slips/Form 16 / IT return ) to be provided along with the completed Proposal Form.

The documents required for processing an Accidental Death claim are as follows:

• Claim form duly filled & signed
• Policy Copy
• Death certificate - Notarized/ Attested by a gazetted officer, if applicable
• I.R - Notarized/ Attested by a gazetted officer
• Police Final charge sheet/ Court Final order - Notarized/ attested by a Gazetted Officer - if applicable - notarized/ Attested by a gazetted officer
• Spot and/or Inquest Panchnama - Notarized/ Attested by a gazetted officer
• Post Mortem Report - Notarized/ Attested by a gazetted officer, if applicable
• Viscera Analysis Report/ Chemical analysis report/ Forensic Science Lab report notarized/ Attested by gazetted officer, if applicable
• Other Document as per Case details - Copy of Treatment papers; if hospitalized, Website Links/ Newspaper cuttings, Other references
• If claim amount is more than 1lakh, AML Documents - Pan Card Copy, Residence Proof,2 Passport size colour photos of claimant
• Cancel Cheque with NEFT Mandate form - duly filled in by the claimant and bank
• Any other document as required by the Company or Company's TPA to investigate the Claim or Our obligation to make payment for

Tax Benefit is not applicable to Personal Accident Policies.

There is no pre- policy requirement in this policy. However any Pre- existing disabilities have to be declared on the Proposal Form and the case may be underwritten based on the level of disability.

SBI General’s Group Personal Accident Insurance Policy is available for a one year period only.

Even if you do not claim in policy period, you will not get any refund of premium.

There are no deductibles under the policy except if you have opted for Temporary Total Disablement, where in there is a deductible of first week of claimed period.

Yes, if no claim has been made under the policy with us and the policy is renewed with us without any break, we will allow a cumulative bonus to the renewal policy by increasing the Sum Insured by 5%. The maximum cumulative bonus shall not exceed 50% of the Sum Insured in any policy year. In case of a claim, the Cumulative Bonus if any under the policy will get reduced by 5% at the time of renewal.  This   cumulative bonus is applicable only to Accidental Death, Permanent Partial Disability and Permanent Total disability benefits.