Breadcrumb

iob_bank_faq_on_sbi_personal_accidental_insurance

Last Updated:29/01/2026
FAQ on SBI Personal Accidental Insurance

Indian Overseas Bank

FAQs on SBI PAI

Q. - What is SBI PAI policy in Indian Overseas Bank?

Ans - SBI PAI is a group accidental insurance plan which provides Personal Accidental Insurance coverage of Rs. 20 lacs in case of accidental death of subscriber.

Q. - What is the age criteria for availing SBI PAI from Indian Overseas Bank?

Ans - Entry age is 18-65 Years; renewal can be done lifelong.

Q. - What is the premium for availing SBI PAI from Indian Overseas Bank?

Ans - Rs. 750 inclusive of GST irrespective of age.

Q. - Whether only death is covered due to accident or any other coverage is also there with this policy?

Ans. - The policy offers sum insured of Rs. 20 Lacs in case of accidental death as well as following coverage is also available with the policy:

Basic Cover % of Sum Insured

Accidental Death

100%

Permanent Total Disability - Loss of

  • Both Hand & Both Feet
  • Sight of both eyes
  • One Hand and One Foot
  • Either Hand or Foot and Sight of One Eye
  • Speech and Hearing in Both Ears

100%

Permanent Total Disability - Loss of

  • Either Hand or Foot
  • Sight of One Eye
  • Speech or Hearing in Both Ears

50%

Permanent Total Disability - Loss of

  • Hearing in One Ear
  • Thumb and Index Finger of Same Hand

25%

Q. - What are the claims admissible over and above Rs. 20 lacs in case of accident?

Ans - The policy provides following admissible claims over and above Rs. 20 Lacs:

Nature of Claim Amount Admissible

Ambulance Cover

Rs.1,500/- per incident/accident towards admissible claim of Death or PTD

Broken Bones

Maximum up to Rs 5,000/- per claim is permitted, if Accident causes a fracture in bones of Insured Person who is aged 60 years or less,

Adaptation Allowance (Home & Vehicle)

Rs.20,000 only in case of PTD admissible claim

Repatriation and Funeral Expenses

Maximum of Rs 10,000/-

 

Child Education cover

Upto Rs. 20,000/- for First & Second child of insured member (In case of Death or PTD admissible claims)

Q. - Whether hospitalization due to accident is also covered under this policy?

Ans. - No, hospital expenses caused due to accidents are not covered under this policy.

Q. - Death / PTD due to accident upto how many days from date of accident will be admissible under this policy?

Ans - Death / PTD immediately or within 365 days from date of accidents shall be covered under this policy.

Q. - I have already purchased other accidental insurance policies. Can I avail SBI PAI from Indian Overseas Bank now? Will I get additional cover in such case?

Ans - Yes, this cover will be in addition to other accidental insurance schemes availed by customer.

Q. - Whether I will be entitled to get PMSBY / Rupay Card personal accidental insurance even after purchase of this policy?

Ans. - Yes, this cover will be in addition to other accidental insurance schemes availed by customer including PMSBY / Debit Cards or any other such accidental insurance policy.

Q. - I have already purchased IOB Suraksha / Niva Bupa PAI from your bank / branch. Will I get double accidental insurance if I purchase SBI PAI?

Ans. - Yes, this cover will be in addition to other accidental insurance schemes availed by customer. Customers can have all 3 PAI policies i.e. IOB Suraksha, Niva Bupa PAI & SBI PAI and in such case claim will be paid by all 3 companies in case of unfortunate event happens to customer.

Q. - Whether death due to road accident only is covered under SBI PAI policy or any other accident like train accident / fall from roof etc. are also covered.

Ans - Accident means a sudden unforeseen and involuntary event caused by external visible and violent means, hence not only road accident but other accidents are also covered under this policy.