You know State Bank of India is the biggest bank in India as per the customers. The SBI Bank offering many services to its account holders including Online and Offline. Net Banking, YONO App, Insurance Services Credit Card and Debit Card Services. Almost every Savings Account holders of SBI got Debit Card/ ATM Card and availing the services. But most of the State Bank of India Debit Card Holders don't know about benefits of using SBI Debit / ATM Cards. Here we are going to know the things now
SBI as a biggest bank in the banking sector, offering complimentary Insurance to it's Debit Card holders as per the category of the Card. First we should know the Types of Cards
- SBI Gold for MasterCard or VISA card
- SBI Platinum for MasterCard or VISA
- SBI Pride for Business Debit MasterCard or VISA card
- SBI Premium for Business Debit MasterCard or VISA card
- SBI VISA Signature or MasterCard Debit Card
SBI Account holders having Debit Card with them are eligible to get accidental insurance up to Rs.20,00,000/- which is not known by the SBI ATM Card holders. This Accidental insurance is available on all kinds of SBI Debit Cards but varies insurance amount. It depends on the type of card they hold, know the details here.
SBI debit card holders are eligible for accidental insurance but conditions apply. SBI customer and debit card holder to avail the accidental insurance fecility, should use the ATM Card at least once in 90 days to withdraw money from ATM or to purchase Online or Pay Bills Online. Then only the Debit card holder is eligible to claim the Accidental Insurance from SBI
The two different types of insurance on the debit card holders. Non hair one of them which means only non accidental that will be covered in this insurance policy. Personal accident insurance is one of the insurance policy which covers the accidental death. More about the details of the insurance covered on different cards, to know about it go to the website and know different types of insurance on different cards.
SBI Gold for MasterCard or VISA card : Personal Accident Insurance Cover Non Air (Death) Rs. 2,00,000. Personal Air Accidental Insurance (Death) Rs.4,00,000.
SBI Platinum for MasterCard or VISA: Personal Accident Insurance Cover Non Air (Death) Rs.5,00,000. Personal Air Accidental Insurance (Death) Rs.10,00,000.
SBI Pride for Business Debit MasterCard or VISA card: Personal Accident Insurance Cover Non Air (Death) Rs.2,00,000. Personal Air Accidental Insurance (Death) Rs. 4,00,000.
SBI Premium for Business Debit MasterCard or VISA card : Personal Accident Insurance Cover Non Air (Death) Rs.5,00,000. Personal Air Accidental Insurance (Death) Rs.10,00,000.
SBI VISA Signature or MasterCard Debit Card : Personal Accident Insurance Cover Non Air (Death) Rs.10,00,000. Personal Air Accidental Insurance (Death) Rs.20,00,000.
Debit cards issued by the National Payments Corporation of India-NPCI are also insured. Accidental Death or Total Disability only covered.
Central governments Prime Minister's Jan Dhan Yojana covers SBI debit cards up to Rs. 2,00,000. If Rs.1,00,000 is applicable for those taken before insurance is applicable for debit card holders after 28th of August 2018. The card must be transacted 90 days before the accident.
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