- About Coverfox
SBI Travel Insurance is a series of travel insurance plans offered by SBI General Insurance. SBI General Insurance is a joint venture between SBI and Insurance Australia Group. The insurer specializes in providing a wide range of general insurance schemes in retail and commercial space at affordable prices. Its insurance products range from Motor, Health, Personal Accident, Travel and Home Insurance in the retail space and products like Aviation, Fire, Marine, Package, Construction & Engineering and Liability Insurance in the commercial space.
Vision of SBI General Insurance
Mission of SBI General Insurance
SBI General Insurance comprises of 21,000 IRDAI certified employees, including the State Bank group employees, and over 8,000 agents. The company has established its presence in, 24000+ branches of State Bank Group and 5500 Regional Rural Banks. With such a robust distribution and wide range of insurance products, it is advisable to choose SBI Travel Insurance.
The key features and benefits of SBI Travel Insurance are:
SBI General Travel Insurance Policy (Business and Holiday) - This plan provides comprehensive cover for you and your family when travelling abroad. It covers you/your family against medical and other financial emergencies during your trip abroad. SBI General Travel Insurance is available in two variants:
a) Single Trip: - Policy can be issued for a minimum 1 day, up to a maximum of 180 days.
b) Multi Trip: - Policy will be issued only for one year and not for any duration shorter or longer than one year
The eligibility criteria for this plan is:
|Coverage||Benefits (in US $)||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||2000 on Floater basis|
|Personal Liability||50% of the Limit of cover under Section (A) or 2,00,000, whichever is lower.||US $100|
The exclusion under this plan are:
Damages arising from suicide, attempted suicide or willfully self-inflicted injury or illness, mental disorder, anxiety, stress or depression, venereal disease, alcoholism, drunkenness or the abuse of the drugs, or any loss arising directly or indirectly from any injury, illness, death, loss, expenses, or other liability attributable to HIV (Human Immunodeficiency Virus) and/or any HIV related illness including AIDS (Acquired Immune Deficiency Syndrome) and/or any mutant derivative or variation thereof however caused.
Participation in Naval, Military or Air Force Operations
War, invasion, acts of foreign enemy, hostilities
Travelling against the advice of a Physician
In case of a claim or assistance abroad, you need to contact the Service Provider in the following numbers:
Once notified, the insured person is required to communicate to the insurer as much information regarding the illness, accident or occurrence as is available, including the name of the treating doctor, name and telephone number of the hospital, the policy number and its date of issue.
Documents Required for Claims Process
The policy document, together with invoices, travel documents and any other relevant details are required to be sent to the insurer, clearly stating under which section of this policy a claim is being made.
The Single Trip Insurance variant is non-renewable while the Multi Trip Insurance variant can be renewed by paying the premium in force at the time of renewal.
How to Apply for SBI Travel Insurance?
You can apply for SBI Travel Insurance from the official website of SBI General Insurance or by visiting any of the nearby branches.
How can I check my SBI Travel Insurance policy status?
You can check the status of your SBI Travel Insurance policy status on the official website of SBI General. Simply login with your registered ID and Password. Once logged-in, you will be able to check the status of your policy.
Is it possible to cancel SBI Policy?
Yes, it is possible to cancel SBI policy.
- Single Trip - You will have to make a request for cancellation in no less than 14 days after the first day of insurance as indicated in the Policy Schedule. Such cancellation will be subject to deduction of Rs 250/-. - Multi Trip - The Insurance may be cancelled at any time at the request of the Insured person.