SBI: Do you use SBI ATM Card? Know how much free insurance you are getting on your card...

SBI: Do you use SBI ATM Card? Know how much free insurance you are getting on your card... India-employmentnews | 11/04/2025 19:15:03

SBI ATM Card Accidental Cover: Everyone has a Debit Card these days. Accidental insurance worth lakhs is given to the cardholder on every debit card. Some people may be aware of this, but many people are not and the banks themselves never tell about it. This insurance can be very helpful for the family in difficult times. If you use SBI ATM Card, then let us tell you that SBI provides two types of insurance on its cards. Its amount is also different according to the category of different cards. Know here how much insurance is available on your card.

First - Personal Accidental Insurance (Death) Non-Air

This insurance cover provides insurance to the debit card holder for accidental death other than air travel. If the ATM card has been used during the last 90 days from the date of the accident, then a claim can be made for this insurance cover.

Second- Personal Air Accidental Insurance (Death)

This insurance covers the debit cardholder only for air accidental death. If financial transactions have been made through this card within 90 days before the date of the accident, and the ticket for the air journey in which the accident occurred has been purchased using the debit card, then a claim can be made for insurance.

SBI Gold (Mastercard/Visa)
Personal Accidental Insurance (Death) Non-Air: Insurance up to 2,00,000 Personal Air Accidental Insurance (Death): Insurance up to 4,00,000

SBI Platinum (Mastercard/Visa)
Personal Air Accidental Insurance (Death): Insurance up to 5,00,000 Personal Air Accidental Insurance (Death): Insurance up to 10,00,000

SBI Pride (Business Debit) (Mastercard/Visa)
Personal Air Accidental Insurance (Death): Insurance up to 2,00,000 Personal Air Accidental Insurance (Death): Insurance up to 4,00,000

SBI Premium (Business Debit) (Mastercard/Visa)
Personal Air Accidental Insurance (Death): Insurance up to 5,00,000 Personal Air Accidental Insurance (Death): Insurance up to 10,00,000

SBI Visa Signature/MasterCard Debit Card
Personal Air Accidental Insurance (Death): Insurance up to 10,00,000 Personal Air Accidental Insurance (Death): Insurance up to 20,00,000

How can you claim?
If an ATM card holder dies in an accident, the nominee of the cardholder has to go to the branch of the bank where the account was opened. There, an application has to be submitted for compensation. Necessary documents have to be submitted to the bank. After a few days, the nominee gets the insurance claim, but keep in mind that only if the card holder dies or has an accident within 45 days of using the ATM card, the dependents of the concerned person can claim compensation under the insurance policy.

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