Terms and Conditions

This Insurance is subject to the terms and conditions of the Master Policy Number mentioned on the Certificate of Insurance issued to SBI & its Associate Banks and is based on this Proposal and payment of the Premium. This records the agreement between Insured and SBI General Insurance Company and sets out the brief terms of insurance and the obligations of each party as below:

• This Policy can be bought by any permanent Indian resident having a Savings Bank / Individual Current Account with SBI & its Associate Banks and aged between 18 years to 65 years.
• Irrespective of the number of accounts the Insured has with SBI & its Associate Banks, insured is eligible to take only one policy from SBI General Insurance. Our liability will be restricted to max Rs.200,000 / Rs.400,000 / Rs.10,00,000 / Rs.20,00,000 as the case may be, per life, for settlement of Claim.
• Coverage under this Policy will be over and above any other Personal Accident Policies Insured has with SBI General or with any other Indian General Insurance Companies.
• Insured may terminate this Policy at any time by giving us 15 days written notice. If no claim has been made under the Policy, then we will refund premium in accordance with the table below:

• We may terminate this Policy upon 15 days notice by sending a written notice of cancellation to your address and we shall refund a rateable proportion of the premium actually paid in respect of any Insured Person. Termination of this Policy shall not affect any claim filed prior to the date on which termination becomes effective as specified in the notice of termination.
• Such Termination may be on grounds of mis-representation, fraud, non-disclosure of material facts or non-cooperation of the insured.
• The premium at the time of the renewal of the policy would be the applicable premium at the date of renewal and as approved by IRDA. However, renewal will be subject to the Account of the Insured with SBI & its Associate Banks being still live and operational.
• The policy shall become voidable at the option of Insurer, in the event of any untrue or incorrect statement, misrepresentation, non-description or non-disclosure in any material particular in the proposal form/personal statement, declaration and connected documents or any material information having been withheld by the Insured or anyone acting on Insured’s behalf. Any person who, knowingly and with intent to defraud the Company or any other person, files a proposal for insurance containing any false information, or conceals for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent insurance act, which will render the policy voidable at the sole discretion of the Company.

EXCLUSIONS

• Suicide, attempted suicide (whether sane or insane) or intentionally self-inflicted injury or illness, or sexually transmitted conditions, mental or nervous disorder, anxiety, stress or depression, Acquired Immune Deficiency Syndrome (AIDS), Human Immune deficiency Virus (HIV) infection; or
• Occupations like serving in any branch of police, paramilitary, military & armed forces of any country, whether in peace or war; or
• Being under the influence or abuse of drugs, alcohol, or other intoxicants or hallucinogens unless properly prescribed by a physician and taken as prescribed; or
• Participation in an actual or attempted felony, riot, crime, misdemeanour, or civil commotion; or
• Operating or learning to operate any aircraft, or performing duties as a member of the crew on any aircraft apart from a Scheduled Airline; or whilst engaged in aviation or ballooning, or whilst mounting into, dismounting from or travelling in any balloon or aircraft other than as a passenger (fare paying or otherwise) in any duly licensed standard type of aircraft anywhere in the world; or
• Any loss arising out of war, civil war, invasion, insurrection, revolution, act of foreign enemy, hostilities (whether war be declared or not), rebellion, mutiny, use of military power or usurpation of government or military power; or
• Payment of compensation in case of death of the Insured person from nuclear damage caused by, contributed to, by or arising from ionising radiation or contamination by radioactivity from:
  • - any nuclear fuel or from any nuclear waste; or
  • - from the combustion of nuclear fuel (including any self-sustaining process of nuclear fission);
  • - nuclear weapons material;
  • - nuclear equipment or any part of that equipment; or
• The dispersal or application of pathogenic or poisonous biological or chemical materials; the release of pathogenic or poisonous biological or chemical materials, or congenital anomalies or any complications or conditions arising there from; or
• Participation in winter sports, skydiving/parachuting, hand gliding, bungee jumping, scuba diving, ballooning, mountain climbing (where ropes or guides are customarily used), riding or driving in races or rallies using a motorized vehicle or bicycle, caving or pot-holing, hunting or equestrian activities, skin diving or other underwater activity, rafting or canoeing involving white water rapids, yachting or boating outside coastal waters (2 nautical miles), participation in any professional sports, any bodily contact sport or/and any other hazardous or potentially dangerous sport for which Insured is untrained; or
• Death resulting directly or indirectly, contributed or aggravated or prolonged by childbirth or from pregnancy; or
• For any loss to which a contributing cause was insured person’s actual or attempted commission, or wilful participation in, an illegal act or any violation or attempted violation of the law or resistance to arrest or insured person committing any breach of law with criminal intent; or
• Loss caused directly or indirectly, wholly or partly by infections (except pyogenic infections which shall occur through an accidental cut or wound) or any other kind of disease.