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Highlights:
- Alert for SBI customers
- Free insurance if debit card
- Benefit of Rs. 20 lakhs
SBI ATM card holders get free insurance benefits. Up to Rs 20 lakh is available on State Bank ATM card. This is Accidental Insurance. If SBI customers die in a road accident, up to Rs 10 lakh, if they die in a plane crash, the insurance comes to Rs 20 lakh.
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However your insurance will also vary depending on the card you use. The card must still be activated. At least one transaction must be made by SBI debit card within 90 days before the accident.
Holders of SBI Gold (MasterCard / Visa) card will get Rs 2 lakh road accident insurance and Rs 4 lakh air accident insurance. The same goes for the SBI Pride (Business Debit) card. SBI Platinum (MasterCard / Visa) card comes with Rs 5 lakh road accident insurance and Rs 10 lakh air accident insurance. The same is true for SBI Premium Business Card (MasterCard / Visa). If you have the same Visa signature card, you will get Rs 10 lakh road accident insurance and Rs 20 lakh air accident insurance.
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