SBI Travel Insurance provides comprehensive cover for you and your family when you are in trips. Despite of all that careful planning, there may be some unforeseen events beyond your control. It covers you against medical and other financial emergencies during your trip abroad. Therefore SBI provided Travel insurance Whether you travel alone, with family or business associates, since you would certainly want your trip to be as per your plan. Therefore, one can travel in peace anywhere in the world with SBI General Travel Insurance Policy.
SBI General Travel Insurance Policy Review
Travel Insurance policy specifically designed to Safeguard you and your Family, to suit the requirements of a person who has undertaken abroad trips for the purpose of a holiday, leisure or business purpose. While travelling, some situations that are quite common may arise to you like loss or theft of baggage, Shortage of Money, delay of flights leading to financial loss, loss of passport and other important documents and medical emergency, and trip cancelled due to bad weather, hijack, etc. Sometimes you may need some medical support during the travelling. Through all these situations, you may face high loss regarding money or anything. Hence SBI introduced Travel Insurance plan.
SBI Travel insurance policy covers expenses incurred for medical treatment of illness, and the disease contracted or injury sustained during an overseas trip and which is primarily in the nature of an emergency and necessary to be undertaken immediately along with other related coverages. So, SBI General Travel Insurance policy makes you feel comfort in abroad. The best way to ensure that we can manage such an expected situation is to buy SBI General Travel Insurance Policy according to your need.
The Key features, Renewal Process, Inclusions, Exclusions, etc. of SBI Travel Insurance Plans are mentioned in detail below. Refer our website www.policycorner.in for more information regarding SBI General Insurance Plans. Furthermore details about SBI Travel Insurance Features, Coverages, Exclusions, Buying, Claiming process provided below.
SBI Travel Insurance Features and Benefits
- Coverage for Medical purposes upto USD 0.5 million.
- No medical examination.
- SBI General Travel insurance provides Comprehensive coverage.
- Offers the Worldwide protection & round the clock immediate assistance.
- Fair, transparent & quick cashless claim settlement.
Coverages of SBI Travel Insurance Policy
The following are the coverages provided through Travel Insurance Policy of SBI. Hence check the benefits and deductible details of offered coverages in travel insurance plan.
|A||Cover for Medical expenses including Repatriation and Evacuation||50,000 to 5,00,000||US $ 100|
|A-i||Provides cover in the situation of Personal accident||10% of limit of the cover, subject to a maximum 25,000||NIL|
|A-ii||Travel Support during the event of the following||2000 on floater basis|
|1. Loss of Passport||5% of claim amount|
|2. Golfer’s Hole-In-One|
|3. Home Burglary Insurance|
|4. Loss of Checked Baggage|
|5. Trip Cancellation|
|6. Trip Curtailment|
|7. Missed Connection 2000 on Floater basis|
|8. Delay of Checked Baggage (Baggage delay payment at the rate of US $ 200 per 12 hrs)||First 12 hrs|
|9. Hijack Cover (Hijack Cover at the rate of US $ 200)||First 24 hrs|
|10. Trip Delay (Trip Delay at the rate of US $ 200)||First 12 hrs|
| 11. Hospitalisation Daily Allowance
( cash at the rate of US $ 50 per day)
|First One day only|
|12. Bail Bond||Not Applicable|
|13. Emergency Cash Advance||Not Applicable|
|B||Personal Liability||50% of the Limit of cover under Section ( A ) or 2,00,000, whichever is lower.||US $ 100|
SBI General Travel Insurance Online Renewal Procedure
SBI General Insurance renewal can be done in two ways, either through offline or online. For offline renewal, insured must visit the SBI General Insurance Branch Office within the grace period. Insured should fill the corresponding forms regarding the policy and make a payment. Offline Insurance renewal process is a time taking process. To make renewal process easy SBI General Insurance company offers an Online renewal option. SBI General Insurance renewal through online is an easy process compared to the offline process. SBI General Insurance company assists you to renew your Insurance Policy through online.
Buying Process for SBI General Travel Insurance Plan
The SBI Travel Insurance Plan buying procedure is available here. The Buying procedure of SBI Travel policy is very simple if you have all the information regarding documents with you. Before buying the Travel Insurance, read the Plan details carefully. The Appointee can buy the Travel Insurance Plan in two ways either offline or online. For offline Process, Visit the nearest SBI General Insurance Company Branch Office. For Online Process, refer the Official Website. Therefore, get the documents necessary for buying a Plan.
- Insured Age Proof.
- Recent Photograph and Proposal Form.
- Address Proof.
SBI Travel Insurance Plan Claim Procedure
The Policyholder can claim the Insurance plan offered by the SBI General Insurance Company. First of all, to claim, you have to intimate the SBI General Insurance company through the available Toll Free Numbers. It happens after the completion of the policy period. In the case of any bad situation, they can claim the amount. The insured need to submit the claim documents to the company. Consequently, they will claim immediately after they get injured or Baggage Loss. Once SBI General Insurance Company approves the claim, the benefit amount payable details are provided in Coverages table. Therefore, At SBI General Insurance company valid claims in a fair and timely manner are made and the claims service providing are
- Emergency situations assistance will be provided.
- Relieve the stress of a claim by coordinating repair and replacement of your assets.
- Up to date progress of your claim will be informed.
- Provide you with the choice of accessing our preferred local service providers.
SBI Travel Insurance Policy Premium Calculator
Premium Calculator is to calculate Premium amount for yearly, half-yearly, quarterly and monthly of any policy. This SBI Insurance premium calculator is used to estimate the benefits offered by the SBI Travel Insurance Plan. The Calculator provision helps the policyholder to calculate the premium and amount paid to the insured after maturity. SBI Premium Calculator useful for the insured to calculate their Maturity amount and premium amount. The SBI Travel Insurance Premium Calculator is available on the official website. Therefore, the data required for calculating premium amount using following details:
- Enter Name.
- Date of Birth.
- Mobile number and email.
- Policy term.
- Sum Assured.
SBI Travel Insurance Exclusions
The SBI General Travel Insurance Policy shall not be liable to pay the benefits to Insured caused due to following
- The claim will not be paid where the Insured person is travelling against the advice of a Physician or on waiting list for specified medical treatment.
- There is no claim paid if arising from suicide, attempted suicide, mental disorder, anxiety, stress or depression or the abuse of the drugs.
- The claim cannot be provided if person taking part in Naval, Military or Airforce operations.
- Does not cover any claim during loss or destruction or damage to any property.
- Claim won’t be paid if the Insured person engaging in Air Travel unless he or she flies as a passenger on an aircraft properly licensed to carry passengers.
- Participation of the Insured person in winter sports, mountaineering, etc. claim won’t be provided.
- The Policy not designed to provide an indemnity of a pre-existing disease.
SBI General Travel Insurance FAQs
What is the period of insurance under this policy?
- Single Trip: The Policy issued with the duration of minimum one day and up to the maximum period of 180 days.
- Multi Trip: The Policy issued only for one year and not for any duration shorter or longer than one year.
How to extend the policy duration?
Extension in Policy duration is only permissible with the approval of the Insurer and on payment of extra premium. Extension in single trip insurance for a maximum 180 days subject to the condition that total Policy duration after extension shall not be more than 270 days. The premium for extension of Policy duration with the difference of full extended period premium minus premium received till date.
What is the renewal condition under this policy?
Single Trip Insurance is non-renewable. Multi Trip Insurance renewed with the Insurer’s consent by paying the premium in force at the time of renewal.
Therefore for detailed information regarding the Travel Insurance Policy of Sbi follow the brochure given below.