SBI Debit Card Holders Get Insurance Up To Rs. 20 Lakh: Know All

While this is not known to many, when you hold a debit or a credit card of some bank, you are also provided with some insurance cover. And the cover is extended basis the card type and claim can be made on specific conditions:

SBI Debit Card Holders Get Insurance Up To Rs. 20 Lakh: Know All

Here is detailed all that debit card holders need to know of :

1. Personal Accident Insurance (Death) Non Air:

If the card is even used once on any of the platforms in the last 90 days before the accident the cover starts and is extended in the event of the death of the debit card holder

2. Personal Air Accidental Insurance (Death):

If the air ticket for the travel in which the debit card holder dies has been purchased using the debit card then the personal air accidental insurance is provided up to the extent depending on the card held by the debit card holder.

 

Debit card Type	Personal Accident Cover (Non-Air)	Personal Accident Cover (Air)
SBI Gold (MasterCard/VISA)	Rs. 2 lakh	Rs. 4 lakh
SBI Yuva (VISA)	Rs. 2 lakh	Rs. 4 lakh
SBI Platinum (MasterCard/VISA)	Rs. 5 lakh	Rs. 10 lakh
SBI Pride (Business Debit) (MasterCard/VISA)	Rs. 2 lakh	Rs. 4 lakh
SBI Premium (Business Debit)(MasterCard/VISA)	Rs. 5 lakh	Rs. 10 lakh
SBI VISA Signature Debit Card	Rs. 10 lakh	Rs. 20 lakh

3. Purchase Protection

This policy covers for any loss of loss of goods/articles purchased (excluding perishables, jewellery, precious stones) on account of theft/burglary/house breaking, including theft from vehicle, within 90 days of purchase of such goods. Such goods must have been purchased using the respective debit card The goods must have been purchased by using the eligible Debit Card variants at Point of Sale/Merchant establishments.

 

Debit card Type	Purchase Protection
SBI Gold (MasterCard/VISA)	Rs. 5000
SBI Yuva (VISA)	Rs. 5000
SBI Platinum (MasterCard/VISA)	Rs. 50000
SBI Pride (Business Debit) (MasterCard/VISA)	Rs. 5000
SBI Premium (Business Debit)(MasterCard/VISA)	Rs. 50000
SBI VISA Signature Debit Card	Rs. 1 lakh

4. Other Add-on covers:

Checked in baggage cover: This is in addition to the cover extended by the airline company, if the debit card was used to purchase the air ticket. So, for it Rs. 25000 cover is provided for SBI debit cards such as Gold (MasterCard/VISA),
YUVA (VISA),
Platinum (MasterCard/VISA),
Pride (MasterCard/VISA),
Premium (MasterCard/VISA,)
Signature (VISA)