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SBI Card to discontinue Rs 1 cr air insurance on these cards: Check list
Earlier this month, the company withdrew air accident insurance benefits on SBI Card ELITE, SBI Card PRIME and other cards.
Who is impacted?
The new announcement will impact variants of ELITE and PRIME cards, which are offered in partnership with public and private sector banks. These complimentary covers were one of the major perks associated with premium card offerings.
List of SBI cards losing Rs 1 crore insurance benefit:
UCO Bank SBI Card ELITE
Central Bank of India SBI Card ELITE
PSB SBI Card ELITE
Allahabad Bank SBI Card ELITE
Karur Vysya Bank (KVB) SBI Card ELITE
KVB SBI Signature Card
List of SBI cards losing Rs 50 lakh insurance benefit:
UCO Bank SBI Card PRIME
Central Bank of India SBI Card PRIME
PSB SBI Card PRIME
KVB SBI Card PRIME
KVB SBI Platinum Credit Card
South Indian Bank SBI Card PRIME
South Indian Bank SBI Platinum Credit Card
Karnataka Bank SBI Card PRIME
Karnataka Bank SBI Platinum Credit Card
City Union Bank SBI Card PRIME
Allahabad Bank SBI Card PRIME
UBI SBI Platinum Credit Card
OBC SBI Visa Platinum Card
Federal Bank SBI Platinum Credit Card
Bank of Maharashtra SBI Platinum Credit Card
What has changed already
Earlier in July, SBI Card air accident insurance cover from its own-branded cards, including:
SBI Card ELITE
SBI Card Miles ELITE
SBI Card Miles PRIME
SBI Card PRIME
SBI Card Pulse
The Rs 1 crore and Rs 50 lakh insurance covers were provided free of cost and did not require any separate application. Cardholders relying on this complimentary insurance should now consider buying a standalone travel or personal accident insurance policy if air travel risk coverage is important. It's also advisable to check your card's updated terms and conditions or speak to customer service to understand the full implications.
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