[aaykarbhavan] SBI SB ACCOUNT AND PERSONAL ACCIDENT COVER

Mumbai, Feb 11:

SBI General Insurance has provided personal accident cover to over 7 million State Bank of India account holders across India, said the company in a release.

The personal accident insurance provides for cover of Rs 4 lakh in the event of the unfortunate loss of life due to an accident. The personal accident insurance cover is available exclusively for State Bank of India's Savings Bank Account Holders against a payment of Rs 100. The account holders have to fill a simple form to enrol for the insurance.

"This product provides much needed immediate support to the accident victim account holder's family. This product is now being extended to account holders of SBI's associate banks. Our aim is to extend the cover to 10 million account holders by March 2013," said SBI Chairman Pratip Chaudhuri.

"The policy has also helped us expand our footprint to nearly 14,000 branches of SBI and achieve nearly 19 per cent of premium income from the rural sector," said Bhaskar Sarma, MD & CEO, SBI General Insurance

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