SBI personal accident insurance policy – Rs 10 lakhs from Rs 500 yearly
Insurance is a contract by a policy in which an individual receives financial protection against loss from insurance companies. They provide help against the risk of financial losses that may result from damage to insured .It is a policy in which an insurer gives loss to another from perils.
There are many types of insurance policies. They are life insurance, health insurance, etc. You should understand how insurance works. You should choose an adequate insurance policy. Insurer has three types of components. They are premium, policy limit,and deductible.
Most of the people take insurance policies. Different companies offer different types of policies. Premium insurance is sometimes a large amount. It is difficult for ordinary people to get insurance by paying large amounts. Central government offers different types of insurance policies. We can see an insurance plan we can use in the case of accident deaths.
It is called SBI personal accident insurance policy. Under this policy we will get a Rs 10 lakhs claim . You should pay Rs 500. It covers expenses of death of an insured person due to an accident or disability. Hospital expenses, allowance, ambulance charges are included in this plan. It is useful for all drivers. Now road accidents have increased.
You can pay Rs 500 yearly , we will get Rs 10 lakhs insurance.You can pay Rs 1000, we will get Rs 20 lakhs insurance for accident insurance. It is personal accidental insurance. It doesn’t have any other formalities. You should link Aadhaar with your PAN card.
You can contact SBI customer care number. You should fill the claim form.Contact your nearest SBI branch to apply for membership in the insurance policy.you should link aadhaar card to the bank account. You should have an SBI account. If you pay Rs 10,00 for ten years,you only have to pay Rs 10,000.If you pay Rs 500 yearly, you only have to pay Rs 6000. But you will get Rs 10 lakhs insurance.
The refund of the claim is Rs 20 lakhs. In case the policy holder is dead,submit the FIR of accident. Post mortem report from the hospital is mandatory. In case of a disability claim,a doctor’s certificate is needed. It ensures safety. It only needs a small amount .It is an affordable policy for common people.