Loss of Job
SBI General’s Loan Insurance Policy offers the following covers -
• Critical Illness • Personal Accident • Loss of employment
Policy provides coverage against 13 critical illnesses listed below. Immediately on diagnosis of any one of them, benefit amount is paid subject to policy terms and conditions.
Policy pays for
|Permanent Total Disablement||% of compensation|
|Loss of sight in both eyes||100%|
|Actual loss by Physical Separation of both hands or both feet or one entire hand and one entire foot||100%|
|Loss of use of both hands or both feet or of one hand and one foot without Physical Separation||100%|
Maximum of 3 EMI will be payable in the unfortunate event of temporary unemployment or dismissal or retrenchment
The minimum age of entry for the SBI General’s Loan Insurance Policy is 18 years and maximum age of entry is 60 years
SBI General’s Loan Insurance Policy is available for a maximum period of three years.
If any of the contingencies occurs during the policy period, compensation will be provided as given below -
Death: Outstanding Loan Amount or Sum Insured respectively for reducing SI basis and Fixed Sum Insured
Accidental Permanent & Total Disability: Outstanding Loan Amount or Sum Insured respectively for reducing SI basis & Fixed Sum Insured
Critical Illness: Outstanding Loan Amount or Sum Insured respectively for reducing Sum Insured basis and Fixed Sum Insured
Loss of Job:Maximum 3 EMIs
SBI General Insurance is the trusted insurance partner for a transforming India, helping you get back on your feet when times get rough.