State Bank of India (SBI) is providing its ATM cardholders with a complimentary accidental insurance cover of up to Rs 20 lakh. This cover, aimed at enhancing customer security, is automatically available to SBI debit card users based on the type of card they hold. In the event of accidental death or injury, the policy ensures financial support for the cardholder’s dependents.
According to SBI’s policy, insurance amounts range from Rs 25,000 to Rs 20 lakh, depending on the card category. For example, holders of SBI’s Platinum card can receive up to Rs 5 lakh in coverage, while Classic and RuPay cardholders may get between Rs 1 to 2 lakh. To activate this benefit, customers must have used their card at least once in the 90 days preceding an accident, either at an ATM or through a Point of Sale (POS) transaction.
This offering highlights SBI’s commitment to customer welfare, providing peace of mind with added financial security alongside ATM and shopping services.