OTHER GROUP COMPANIES
market

SBI to discontinue free accident cover from 1 July

In case of accidental death of any Home/Car loan borrower on or before July 1, 2013, claims may be lodged for the outstanding amount in the loan account subject to the terms and conditions mentioned in Master Policy

April 08, 2013 12:33 IST | India Infoline News Service
State Bank of India (SBI) will discontinue a free accident insurance cover provided to its home and car loan customers from July 2013.

The complimentary group personal accident insurance cover (death only) for home and car loan customers will be discontinued on the expiry of current Master Policy on July 1, 2013, SBI said in a notification to its customers.

"Hence, in case of accidental death of any Home/Car loan borrower on or before July 1, 2013, claims may be lodged for the outstanding amount in the loan account subject to the terms and conditions mentioned in Master Policy," SBI said.



Invest wise with Expert advice

FEATURED ARTICLE

BLOGS

Open Demat Account

Invest wise with Expert advice

By continuing, I accept the Terms & Conditions and agree to receive updates on Whatsapp