SBI General Group Personal Accident Insurance Policy

What is SBI General Group Personal Accident Insurance Policy?

SBI General Group Personal Accident Insurance Policy for employees provides coverage to employees against the risk of Accidental Death or Accidental Disablement resulting from an Accident. The Policy also covers medical expenses arising as a result of an Accidental Injury. A Group Personal Accident (GPA) Insurance Policy for Employees is an extremely important Insurance Policy purchased by employers to secure their employees and their family members from Accidental Death or Disability. This article provides a detailed overview of Coverages, Benefits and Exclusions of SBI General Group Personal Accident Insurance Policy.

What are the coverages under SBI General Group Personal Accident Insurance Policy?

The basic coverages under SBI General GPA Insurance Policy are as follows:

Accidental Death: SBI General Group Personal Accident Insurance Policy will pay 100% of the Policy Sum Insured for any injury caused due to an accident that immediately or eventually results in the death of an Insured Employee. However, death due to an accidental injury should occur within 365 days from the date of the Accident which caused the Injury.
Permanent Total Disablement (PTD): If an accident leads to Permanent Total Disablement (PTD), the SBI General GPA Insurance Policy will pay a percentage of the sum insured as a benefit, as given in the Benefit Table listed below:

Loss of	% of Sum Insured
Both Hands and Both Feet	100%
Sight of Both Eyes	100%
One Hand and One Foot	100%
Either Hand or Foot and Sight of One Eye	100%
Speech and Hearing in both Ears	100%
Either Hand or Foot	50%
Sight of One Eye	50%
Speech or Hearing in Both Ears	50%
Hearing in One Ear	25%
Thumb and Index Finger of Same Hand	25%

SBI General Group Personal Accident Insurance Policy will pay for Permanent Total Disablement provided such disability has continued for a period of 12 consecutive months and is total, continuous and Permanent at the end of the 12-month period. 3. Permanent Partial Disablement (PPD): SBI General Group Personal Accident Insurance Policy will pay a percentage of the sum insured as a benefit if an accident leads to Permanent Partial Disablement (PTD), as given in the Benefit Table listed below:

Loss of	% of Sum Insured
Loss of Toes - All (Both Feet)	20%
Great Toe	5%
Other than great toe, if more than one toe lost, each	1%
Loss of four fingers and thumb of one hand	40%
Loss of four fingers	25%
Loss of Thumb	15%
Loss of Index Finger	10%
Loss of Middle Finger	6%
Loss of Ring Finger	5%
Loss of Little Finger	4%

Temporary Total Disablement (TTD): In case of an accident resulting in Temporary Total Disablement of the Insured Employee, the SBI GPA Insurance Policy will pay a weekly benefit amount during the period of continuous Temporary Total Disability resulting from Injury during the Policy Period. To be eligible for a Claim under the Temporary Total Disablement section of the SBI GPA Insurance, the disablement must commence within 30 days of the date of the accident. The maximum period for which the Weekly Benefit Amount is payable under the SBI General Group Personal Accident Insurance Policy is 104 Weeks.

What are the Add-On Covers under SBI General Group Personal Accident Insurance Policy?

SBI General Group Personal Accident Insurance Policy offers the following Add-On Covers:

Accidental Medical Expenses (Inpatient and Outpatient)
Hospital Confinement Allowance
Child Education Support
Loan Protector
Repatriation Benefit and Funeral Expenses
Adaptation Allowance
Ambulance Cover
Family Transportation Allowance
Broken Bones

What are the Benefits and Features of SBI General Group Personal Accident Insurance Policy?

The benefits of SBI General Group Personal Accident Insurance Policy are as follows:

SBI General Group Personal Accident Insurance Policy provides coverage for accidental deaths on a worldwide basis and is not restricted only to India
There is no waiting period to avail the benefits under the SBI General Group Personal Accident Insurance Policy
Various other benefits like child education, funeral expenses, adaptation allowances and ambulance charges are also provided in the event of a death or Permanent Total Disablement of the Insured Employee
The premiums for the policy are extremely affordable

What are the Exclusions under SBI General Group Personal Accident Insurance Policy?

If the insured faces accidental death or disability due to the exclusions mentioned in the policy, then the claim will not be paid. Following are the major exclusions under Group Personal Accident Insurance Policy of SBI:

Pre-Existing Disability
Suicides and Self-Inflicted Injury
HIV, AIDS or other forms of sexually transmitted conditions,
Mental or Nervous Disorder, Anxiety, Stress or Depression
Accident Death or Disablement caused while under the influence of Drugs, Alcohol, or other Intoxicants
Accident Death or Disablement caused because of participation in Riot, Felony, Crime or Civil Commotion
Accidental Death or Disablement caused while operating or learning to operate any Aircraft
Accidental Death or Disablement caused due to participation in War, Civil War, Invasion, Revolution, Act of Foreign Enemy etc.
Accidents due to participation in Adventure and Dangerous Sports such as skydiving/parachuting, hand gliding, bungee jumping, scuba diving.

How to Cancel SBI General Group Personal Accident Insurance Policy?

The Insured can always cancel SBI General GPA Insurance Policy by sending 15 days written notice to the Insurance Company. If no claim has been made under the Group Personal Accident Insurance Policy, the premium will be refunded depending on the time the policy has been in effect. If the GPA Insurance Policy is cancelled within a period of 1 month, the Insured can avail a refund of 75% of the premium paid. For cancellations exceeding a period of 6 months, no refunds will be made.

How to Buy SBI Group Personal Accident Insurance Policy?

Qian Insurance Broking is a licensed Group Personal Accident Insurance Broker. Our team will assist you with the best GPA Insurance Policy quotes and also help with the entire Claims Process under a Group Personal Accident Insurance Policy. As a licensed agent of SBI General Insurance, we will take you through the entire process hassle-free, from filling out the proposal form to submitting all the documents required for the policy. If you wish to buy SBI General Group Personal Accident Insurance Policy to protect employees against accidents, we at Qian would be happy to assist you. Contact Qian today to purchase SBI Group Personal Accident Insurance Policy or you can also email us at insurance@qian.co.in or call us on 022-35134695. We would be glad to assist you.

SBI General Group Personal Accident Insurance Policy – A Detailed Review