If you have a Salary Account in SBI, you automatically get a free Group Personal Accident Insurance (GPA) cover from SBI General Insurance. This benefit is available to all eligible account holders and provides financial security in case of an accident leading to death or disability. The coverage amount depends on the type of salary package you have and whether your employer has signed a MoU (Memorandum of Understanding) with SBI.
In this blog, we explain all the details of SBI Salary Package Group Personal Accident Insurance Policy (valid from 04 April 2025 to 03 April 2026) in simple words.
Key Highlights of SBI Salary Package Insurance
- Free of Cost Benefit – No premium or medical test required.
- Coverage Types – Accidental Death, Air Accident Death, Permanent Total Disability (PTD), Permanent Partial Disability (PPD).
- Add-On Covers – Benefits like education support for children, air ambulance, plastic surgery, and loan cover.
- Special MoUs – Defence, Police, and Railway employees enjoy higher insurance limits due to agreements with SBI.
- Easy Claims – Claims are directly settled by SBI General Insurance as per IRDA guidelines.
Package-Wise Comparison of Insurance Cover
Here’s a quick look at what different SBI Salary Package variants offer:
| Package Variant | Personal Accident Insurance (Death) | Air Accident Insurance (Death) | Disability Cover (PTD/PPD) | Special Benefits / Notes |
| Silver | ₹1 lakh | ₹5 lakh | Nil | Basic cover, entry-level |
| Gold | ₹5 lakh | ₹20 lakh | Nil | Standard package |
| Diamond | ₹15 lakh | ₹30 lakh | ₹100L (PTD) / ₹80L (PPD)* | High coverage, corporate/govt staff |
| Platinum | ₹20 lakh | ₹30 lakh | ₹130L (PTD) / ₹110L (PPD)* | Premium package with wider benefits |
| Rhodium | ₹20 lakh | ₹30 lakh | ₹50L / ₹50L* | Exclusive package, select employees |
| SBI Royale (CGSP/PSP) | ₹20 lakh | ₹30 lakh | ₹130L / ₹110L | Premium govt/police package |
| DSP / CAPSP / ICGSP | Up to ₹1 crore (based on MoU) | Up to ₹1.5–1.6 crore (based on MoU) | ₹1 crore (PTD) / ₹80 lakh (PPD) | Defence, Paramilitary & Coast Guard staff |
| Railway Salary Package (RSP) | ₹1 crore | ₹1.6 crore | ₹1 crore / ₹80 lakh | Natural death cover ₹10 lakh, extra ₹1 crore via RuPay card |
| SBI Rishtey / CSP Lite | ₹1–5 lakh | Nil | Nil | For family members/minors, limited cover |
Note: The exact coverage depends on employer’s MoU with SBI. For Defence, Police & Railways, cover is significantly higher than standard variants.
Coverage Details
1. Personal Accident Insurance (PAI) – Death Cover
Coverage from ₹1 lakh to ₹1 crore, depending on package and employer MoU.
2. Air Accident Insurance (AAI) – Death Cover
- Railway employees: ₹1.6 crore + extra ₹1 crore via RuPay card.
- Others: Coverage as per package.
Condition – Ticket must be purchased using SBI Salary Account (debit card/cheque/net banking).
3. Permanent Total / Partial Disability (PTD/PPD)
- General cover: ₹50 lakh – ₹1 crore.
- Railway employees: ₹1 crore PTD, ₹80 lakh PPD.
4. Add-On Benefits (with PAI claim)
- Plastic surgery/burn treatment: up to ₹10 lakh
- Imported medicines: up to ₹5 lakh
- Air ambulance: up to ₹10 lakh
- Child education cover: 25% of PAI (max ₹8-10 lakh)
- Girl child marriage cover: up to ₹10 lakh
- Family travel/repatriation: up to ₹50,000
- Defence/Police loan protection: up to ₹10 lakh
- Extra cover for death in action/foreign duty
Special MoU for Indian Railway Employees
Nearly 7 lakh Railway employees hold salary accounts with SBI. Under the new MoU, benefits are:
| Coverage Type | New Benefit (2025-26) |
| Accidental Death | ₹1 crore |
| Permanent Total Disability | ₹1 crore |
| Permanent Partial Disability | ₹80 lakh |
| Air Accident Death Cover | ₹1.6 crore |
| RuPay Debit Card Extra Cover | ₹1 crore |
| Natural Death Cover | ₹10 lakh |
This is a huge jump compared to the earlier cover of only ₹1.20 lakh, ₹60,000, and ₹30,000 for Group A, B, and C employees.
SBI Debit Card Insurance Cover
Even debit card holders enjoy accidental insurance.
| Debit Card Variant | Non-Air Accident Cover | Air Accident Cover |
| SBI Gold | ₹2 lakh | ₹4 lakh |
| SBI Platinum | ₹5 lakh | ₹10 lakh |
| SBI Pride (Business) | ₹2 lakh | ₹4 lakh |
| SBI Premium (Business) | ₹5 lakh | ₹10 lakh |
| SBI Signature / World Debit | ₹10 lakh | ₹20 lakh |
Condition: Card must be used at least once in last 90 days.
How to Check Your Coverage
- Ask Employer – For govt/defence/railway employees, confirm MoU with SBI.
- Visit SBI Branch – Verify package variant and insurance linked.
- Check SBI Website – Download official policy details.
Important Notes
- Claims must be filed within 90 days.
- Standard exclusions: accidents due to alcohol, drugs, suicide, or illegal activities.
- Some covers are exclusive (foreign duty vs. anti-terror death).
- Always confirm your package details to avoid confusion.
Frequently Asked Questions (FAQs) on SBI Salary Package Insurance 2025-26
1. Is SBI Salary Account insurance free?
Yes. The Group Personal Accident Insurance (GPA) benefit is completely free for eligible SBI Salary Package account holders. No premium or medical check-up is required.
2. Who provides this insurance cover?
The insurance is provided by SBI General Insurance exclusively for SBI Salary Package customers.
3. What is the maximum insurance cover I can get?
Depending on your package and employer MoU:
- Personal Accident Cover: Up to ₹1 crore
- Air Accident Cover: Up to ₹1.6 crore
- Disability Cover: Up to ₹1 crore
4. Do Railway employees get extra benefits?
Yes. Nearly 7 lakh Railway employees with SBI Salary Accounts get enhanced benefits under a special MoU, including ₹1 crore accidental death cover, ₹1.6 crore air accident cover, and ₹10 lakh natural death cover.
5. How can I check my insurance coverage?
You can:
- Ask your employer/HR (especially if your organization has an MoU with SBI).
- Visit your nearest SBI branch.
- Check the official SBI website for policy details.
6. What are the exclusions under this policy?
Standard exclusions apply, such as:
- Accidents under influence of alcohol or drugs
- Self-inflicted injuries/suicide
- Accidents during illegal activities
7. How do I claim SBI Salary Account insurance?
Claims must be reported to SBI General Insurance within 90 days of the incident. Required documents (like FIR, post-mortem report, medical certificates, etc.) need to be submitted as per insurer’s guidelines.
8. Does my SBI Debit Card also give insurance?
Yes. Certain SBI Debit Cards come with free accident insurance (₹2 lakh to ₹20 lakh), provided the card was used for at least one transaction within 90 days before the accident.
9. Can family members also get insurance?
Yes. Family members under SBI Rishtey accounts may also get limited cover (₹1–5 lakh), depending on the package.
10. What should I do first to secure maximum cover?
Ensure:
- Your employer has a valid MoU with SBI.
- You know your salary package variant (Silver, Gold, Diamond, etc.).
Your debit card is used regularly to keep additional insurance active.
The SBI Salary Package Insurance Policy 2025-26 offers some of the highest free accident covers in India, especially for Railway, Defence, and Police employees. With benefits up to ₹1.6 crore, this policy ensures financial protection without any extra cost.
If you hold an SBI Salary Account, check your package type today and make sure your employer has a valid MoU with SBI to enjoy the maximum benefits.