If you hold a State Bank of India (SBI) Debit Card, here’s something valuable you may not know — your card offers free insurance coverage!
Starting 8 August 2025, SBI has renewed and enhanced insurance covers on several debit card variants. These covers provide financial protection in case of accidental death, baggage loss, or theft of purchased goods — without any extra cost to you.
This post explains the types of SBI Debit Card Insurance, eligibility criteria, claim process, and benefit amounts, all in simple terms.
Types of Insurance Covers under SBI Debit Cards
SBI offers three major types of insurance benefits to eligible debit cardholders:
- Personal Accident Insurance (Air and Non-Air)
- Purchase Protection Cover
- Add-On Covers such as Family Transportation and Baggage Loss
Each cover provides unique protection, depending on your card variant.
1. Personal Accident Insurance Cover
This insurance protects you and your family financially in case of accidental death. It includes:
- Non-Air Accidental Death Cover – for road, train, or other non-air accidents.
- Air Accidental Death Cover – for accidents during air travel.
Eligibility
To activate the insurance, your SBI Debit Card must be used at least once for a financial transaction (ATM, PoS, or online) within the 90 days before the accident.
For air accident claims, the air ticket must be purchased using the same debit card.
Coverage Amounts by Card Type
| SBI Debit Card Variant | Non-Air Accident Cover (₹) | Air Accident Cover (₹) |
| Gold (Visa/MasterCard) | 2,00,000 | 4,00,000 |
| Platinum (Visa/MasterCard) | 5,00,000 | 10,00,000 |
| Pride (Business Debit) | 2,00,000 | 4,00,000 |
| Premium (Business Debit) | 5,00,000 | 10,00,000 |
| Signature / MasterCard World | 10,00,000 | 20,00,000 |
Tip: Make at least one card transaction every few months to keep your insurance active.
Also read-RBI Guidelines 2025: How to Exchange Soiled, Mutilated & Old Notes Easily at Banks
2. Purchase Protection Cover
This insurance protects you if an item you purchased using your SBI Debit Card is stolen or lost due to theft or burglary within 90 days of purchase.
It applies to goods purchased at Point of Sale (PoS) or merchant outlets, except perishables or jewellery.
Coverage Amounts
| SBI Debit Card Variant | Purchase Protection (₹) |
| Gold (Visa/MasterCard) | 5,000 |
| Platinum (Visa/MasterCard) | 50,000 |
| Pride (Business Debit) | 5,000 |
| Premium (Business Debit) | 50,000 |
| Signature / World | 1,00,000 |
Special Benefit for Salary Package Account Holders
If you have an SBI Salary Package Account, you enjoy an additional ₹2 lakh Purchase Protection Cover on all MasterCard/Visa debit cards.
This benefit applies to only one card per account, even if multiple cards are issued.
3. Add-On Insurance Covers
SBI has introduced additional protection features for eligible cardholders.
Family Transportation & Transportation of Mortal Remains
If a Personal Accident claim is accepted, SBI reimburses:
- Travel expenses of two immediate family members to reach the hospital, and
- Costs for transporting the mortal remains of the insured from hospital to residence.
Maximum coverage: ₹50,000
Applicable for: Gold, Platinum, Pride, Premium, Signature cards.
Checked-in Baggage Loss Cover
If your checked-in luggage is lost during air travel, you can claim up to ₹25,000, provided your air ticket was purchased using your SBI Debit Card.
RuPay Debit Card Insurance by NPCI (FY 2025-26)
For SBI customers holding RuPay Debit Cards, the insurance cover is offered by the National Payments Corporation of India (NPCI) under the RuPay Insurance Program.
Coverage Details
| RuPay Debit Card Type | Insurance Cover (₹) | Eligibility |
| RuPay Platinum Debit Card | 2,00,000 | One valid POS/e-Com transaction within 30 days prior to accident |
| RuPay Select Debit Card | 10,00,000 | One valid POS/e-Com transaction within 30 days prior to accident |
| RuPay PMJDY (issued till 28 Aug 2018) | 1,00,000 | One financial/non-financial transaction within 90 days |
| RuPay PMJDY (issued after 28 Aug 2018) | 2,00,000 | One financial/non-financial transaction within 90 days |
Type of cover: Accidental Death or Permanent Total Disability
Validity: 1 April 2025 – 31 March 2026
Insurance Partner: The New India Assurance Co. Ltd
You can read the full details and claim process at www.npci.org.in.
Debit Card Variants Not Covered
The insurance facilities described above apply only to the following SBI debit card variants:
- Gold
- Platinum
- Pride (Business)
- Premium (Business)
- Signature / World
- RuPay Platinum, Select, and PMJDY
If you hold any other variant, such as Classic or Silver, you are not eligible for these insurance covers.
Always confirm your card type before submitting an insurance claim.
Step-by-Step Claim Process
Here’s how to claim your SBI Debit Card Insurance benefit in simple steps:
Step 1: Check Eligibility
Verify that your card is eligible and has been used for at least one transaction within 90 days before the incident.
Step 2: Collect Required Documents
Prepare the following (depending on claim type):
- Duly filled Claim Form
- Copy of Debit Card and transaction proof
- FIR/Police Report for accidents or theft
- Death Certificate for accidental death claims
- Hospital records or Airline documents, if applicable
- Nominee ID proof (for death claims)
Step 3: Submit to Your SBI Branch
Visit your home branch and submit the documents. The branch forwards your claim to the insurance company.
Step 4: Claim Processing and Settlement
Once verified, the insurance company processes and pays the claim directly to you or your nominee.
Important Terms & Conditions
- The insurance cover is complimentary — no premium or enrolment needed.
- Card usage (ATM, PoS, or online) within the last 30 / 90 days is mandatory.
- One cover per customer per account (even if multiple cards exist).
- Claims must be filed within the time limit mentioned in SBI’s annexures.
- Keep transaction proofs and purchase bills safe for quick claim processing.
Official Information Sources
For the latest and most accurate policy details, visit:
SBI Official Debit Card Insurance Page
You may also receive SMS alerts from SBI about complimentary insurance benefits on eligible debit card variants.
Frequently Asked Questions (FAQ)
Q1. Is SBI Debit Card Insurance automatic?
Yes. All eligible cardholders automatically enjoy the insurance benefits — no registration required.
Q2. How can I make sure my cover is active?
Simply use your debit card once every 90 days for a transaction at ATM, POS, or online.
Q3. Can I claim both air accident and baggage loss cover?
Yes, provided both incidents meet the eligibility criteria.
Q4. Does this cover apply abroad?
Yes, for eligible cards and air travel tickets purchased using your SBI Debit Card.
Q5. What’s the benefit for Salary Package account holders?
They receive an enhanced ₹2 lakh purchase protection cover on all MasterCard/Visa variants.
Key Takeaways
| Benefit Type | Maximum Coverage (₹) | Key Condition |
| Non-Air Accident | 10,00,000 | Card used within 90 days |
| Air Accident | 20,00,000 | Air ticket purchased via card |
| Purchase Protection | 2,00,000 (Salary Package) | Item bought using debit card |
| Family Transportation & Mortal Remains | 50,000 | Claim accepted |
| Checked-in Baggage Loss | 25,000 | Ticket bought using card |
| RuPay Select Accident Cover | 10,00,000 | POS/e-Com txn within 30 days |
Conclusion
The SBI Debit Card Insurance 2025 scheme offers comprehensive safety at no extra cost.
From accidental death covers up to ₹20 lakh to purchase and baggage protection, these features make SBI debit cards far more valuable than just a payment tool.
By simply using your debit card regularly, you ensure that all these complimentary insurance benefits remain active, safeguarding both you and your family.
Remember: One transaction is all it takes to keep your protection alive.
Use your SBI Debit Card — and stay insured, effortlessly!