SBI General Travel Insurance, Features, Eligibility Criteria, Product Benefits, How To Buy
A partnership between State Bank of India and Insurance Australia Group (IAG), one of the oldest insurers in the world, has resulted in SBI General Insurance Company. SBI General Insurance offers a multi-distribution model that includes bancassurance, agency, broking, and retail direct channels. It now serves close to 56 cities across India and has a larger presence in additional locations thanks to satellite resources.
Additionally, the business has a committed customer service team that is immediately accessible via calls, emails, or branch visits. SBI General Insurance is currently present in more than 150 distinct Indian cities. The “Third Emerging Asia Insurance Awards” in 2022 even recognised SBI General Insurance as the “Best General Insurance Company of the Year.” Additionally, SBI offers a variety of insurance products, including travel, life, and health insurance.
Why Choose SBI General Travel Insurance?
By insuring the trip of passengers, SBI General Insurance’s travel insurance seeks to make travelling easier for everyone. With SBI Travel Insurance, you can protect yourself from any unforeseen circumstances that may arise during your trip, including flight delays and trip cancellations. Additionally, SBI’s customers can take advantage of a number of additional benefits under its travel insurance policies. Here are some reasons to get SBI Travel Insurance:
- SBI Travel Insurance’s customer service representatives are available 24/7 to answer any questions you may have about their travel insurance policies.
- SBI provides a range of travel insurance options so that clients can quickly select the right one.
- Maximum coverage is provided by SBI Travel Insurance Plans in the event of a medical emergency, trip delay, or other unforeseen circumstance.
- With SBI, the claim settlement procedure is fairly simple. SBI Insurance Company makes it simple for you to resolve your travel insurance claims.
Features Of SBI General Travel Insurance
State Bank of India (SBI) offers comprehensive travel insurance plans that provide coverage and assistance for individuals traveling abroad. While specific features may vary based on the chosen plan, here are some common features of SBI Travel Insurance:
- Medical Coverage:
SBI Travel Insurance provides coverage for medical expenses incurred due to illness or injury during the trip. This includes hospitalization, emergency medical evacuation, and repatriation of mortal remains.
- Trip Cancellation and Interruption:
If your trip gets canceled or interrupted due to unforeseen circumstances such as illness, injury, or natural disasters, SBI Travel Insurance offers coverage for the non-refundable expenses incurred, such as flight tickets or hotel bookings.
- Personal Accident Coverage:
In the event of an accident resulting in permanent disability or loss of life during the trip, SBI Travel Insurance provides financial compensation to the insured or their beneficiaries.
- Baggage and Personal Belongings Coverage:
If your baggage gets lost, stolen, or damaged during the trip, SBI Travel Insurance offers coverage for the cost of the lost or damaged items, subject to policy terms and conditions.
- Emergency Assistance Services:
SBI Travel Insurance provides 24/7 emergency assistance services to policyholders, including emergency cash advances, passport and document assistance, legal and interpreter services, and emergency message transmission.
- Travel Delay Coverage:
If your trip gets delayed for more than a specified duration, SBI Travel Insurance reimburses you for additional expenses incurred, such as accommodation and meals.
- Personal Liability Coverage:
SBI Travel Insurance includes coverage for personal liability, providing financial protection if you cause accidental bodily injury or damage to a third party during your trip.
- Coverage for Trip Curtailment:
If you need to cut short your trip due to an unforeseen event covered by the policy, SBI Travel Insurance offers reimbursement for the unused portion of your prepaid expenses.
Eligibility Criteria for SBI General Travel Insurance
| Product Name | Travel Guard | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Minimum Age of Entry | 6 months | ||||||||||||
| Maximum age of Entry | 70 years | ||||||||||||
| Renewal Age | Up to 70 years | ||||||||||||
| Sum Insured | $50,000/ $1,00,000/ $1,50,000/ $2,50,000 | ||||||||||||
| Policy Tenure | Minimum 1 day and up to 180 days for Single Trip and 365 days for multi trip | ||||||||||||
| Family Definition | Individual/ Family including Self, Spouse and dependent children and parents | ||||||||||||
| Premium Calculated on Basis of | Age, Trip duration, Destination and Sum Insured | ||||||||||||
Product Benefits of SBI General Travel Insurance
| Coverages | Benefits in USD | Deductible |
|---|---|---|
| Medical Expenses including Evacuation & Repatriation | 50,000 to 5,00,000 | US $ 100 |
| Personal Accident | 10% of Limit of cover under Section ( A ) subject to maximum 25,000 | Nil |
| Travel Support | ||
| Loss of Passport | 5% of claim amount | |
| Golfer’s Hole-In-One | 5% of claim amount | |
| Home Burglary Insurance | 5% of claim amount | |
| Loss of Checked Baggage | 5% of claim amount | |
| Trip Cancellation | 5% of claim amount | |
| Trip Curtailment | 5% of claim amount | |
| Missed Connection | 2000 on Floater basis | 5% of claim amount |
| Delay of Checked Baggage (Baggage delay payment at the rate of US $ 200 per 12 hrs) | First 12 hrs | |
| Hijack Cover (Hijack Cover at the rate of US $ 200 per 24 hrs) | First 24 Hrs | |
| Trip Delay (Trip Delay at the rate of US $ 200 per 12 hrs) | First 12 hrs | |
| Hospitalisation Daily Allowance (cash at the rate of US $ 50 per day) | First one day | |
| Bail Bond | Not Applicable | |
| Emergency Cash Advance | Not Applicable | |
| Personal Liability | 50% of the Limit of cover under Section ( A ) or 2,00,000, whichever is lower | US $ 100 |
Travel Insurance Plans Offered By SBI
Currently, SBI General Insurance only provides the following two types of travel insurance policies:
Single-trip Travel Insurance Plan:The Single-trip Travel Insurance Plan from SBI is designed to provide travel protection for short journeys. This strategy can be applied to a single journey. Policyholders can obtain coverage through this plan for a period of one to one hundred eighty days.
Multi-trip Travel Insurance Plan:Those who frequently travel can consider SBI’s Multi-trip Travel Insurance Plan. You may therefore secure several travels with the SBI Multi-trip Travel Insurance package. Additionally, multi-trip travel insurance is cost-effective and saves time and effort compared to purchasing separate travel insurance policies for various travels.
Inclusions And Exclusions Of SBI General Travel Insurance
Inclusions:
- Medical costs, evacuation, and repatriation are covered by SBI.
- Also covered are dental illnesses.
- Any travel-related cancellations or delays are also covered. This covers anything, such as missed flights or cancelled travel plans.
Exclusions:
- Any sickness from the past is not covered.
- Any harm brought on by professional sports is revealed.
- any journey made against medical advice.
- Plastic surgery and aesthetic procedures are not covered.
- The cost of hearing aids, physiotherapy, and other such items is not covered.
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How To Buy SBI General Travel Insurance
The actions you must take to purchase SBI travel insurance are listed below:
- Visit SBI General Insurance’s official website.
- Select the ‘BUY NOW’ option on the travel insurance page.
- The next step is to choose information such as the number of passengers, the country of destination, etc. You must also include the names, birthdates, phone numbers, and other pertinent information for the passengers.
- You can see the premium breakup on the screen based on the information you submitted.
- Finally, use a convenient payment method to complete the transaction.
- You will receive notification once the payment has been made successfully. A confirmation will also be sent to the email address and mobile number you provided when registering.
FAQ – SBI General Travel Insurance
Who is eligible for buying SBI Travel Insurance Plan?
Anyone between the ages of 6 months and 70 years may purchase the SBI Travel Insurance Plan.
What are the two types of SBI Travel Insurance Plans?
Single-trip travel insurance plans and multi-trip insurance plans are the two varieties of SBI travel insurance plans.
How to claim travel insurance in SBI?
Get your claim number or reference number by calling our toll-free number at 1800 102 1111, sending the word “CLAIM” to the number 561612, or emailing your information to customer.care@sbigeneral.in.