SBI offering Rs 2 Lakh Free Insurance Cover for its account holders
SBI Debit card holders can now avail the benefit of free accidental cover upto Rs. 2 Lakh.

State Bank of India (SBI) is an Indian Multinational, Public Sector Banking and Financial services statutory body headquartered in Mumbai.
The rich heritage and legacy of over 200 years, accredits SBI as the most trusted Bank by Indians through generations.
SBI is offering a free accidental cover of up to Rs 2 lakh to all the Jan Dhan account holders who use RuPay debit cards. All debit cards come with certain complimentary services. Debit card users are eligible to various benefits including accidental death insurance, purchase protection cover and others. Jan Dhan account holders can also avail its benefits.
According to the official insurance website of SBI, "This Policy is designed to cover Loss of Life, Disabilities, and Income due to an Accident. Accidental Death cover is a compulsory cover; Permanent Total Disablement, Permanent Partial Disablement and Temporary Total Disablement are Optional covers available to the proposer."
Jan Dhan Yojna was started in the year 2014. It ensures access to financial services, banking savings and deposit accounts, remittance, credit, insurance, pension to acthat economically neglected people in an affordable manner. One can open a Jan Dhan account online by providing Know Your Customer (KYC) documents.
Eligibility
Jan Dhan account holders must have done one successful financial or non-financial transaction at any channel both intra and inter bank within 90 days prior to date of accident, using the Rupay debit card.
Nominee
The beneficiary could be nominee on the account of the cardholder or legal heir as per competent court order. In case of multiple beneficiaries the claim is settled in the name of heir as per legal heir certificate submitted.
Documents required
For accidental death claims, one needs to submit these below mentioned documents
1) Claim form duly completed and signed
2) Original or certified copy of death certificate.
3) Original or certified copy of FIR or police report giving description of the accident.4) Original or Certified copy of post mortem Report along with chemical analysis/FSL reports wherever applicable.
5) Aadhar copies of cardholder and nominee.
6) Declaration from card issuing banks duly signed by authorised signatory and bank stamp specifying that
a) cardholder is holding a RuPay card on RuPay issued IIN and mention the 16 digit card number
b) Compliance of 90 days transaction criteria (to be supported with transaction log /account
statement from the bank’s system),
c) Nominee name and his banking details (including Passbook copy),
d) Brief description of accident as per FIR translated in English or Hindi,
e) Bank official’s name and contact details with email ID.
The claims will be settled in ten working days from the date of receiving the documents. The benefits will be provided till March 31, 2022. The New India Assurance Company Ltd will continue to be the insurance partner with NPCI for RuPay PMJDY cards.