Latest news with #SBICardMiles
&w=3840&q=100)
Business Standard
5 days ago
- Business
- Business Standard
SBI Card to discontinue Rs 1 cr air insurance on these cards: Check list
SBI Card will on August 11 discontinue complimentary air accident insurance cover of up to Rs 1 crore for a wide range of co-branded credit cards. Earlier this month, the company withdrew air accident insurance benefits on SBI Card ELITE, SBI Card PRIME and other cards. Who is impacted? The new announcement will impact variants of ELITE and PRIME cards, which are offered in partnership with public and private sector banks. These complimentary covers were one of the major perks associated with premium card offerings. List of SBI cards losing Rs 1 crore insurance benefit: UCO Bank SBI Card ELITE Central Bank of India SBI Card ELITE PSB SBI Card ELITE Allahabad Bank SBI Card ELITE Karur Vysya Bank (KVB) SBI Card ELITE KVB SBI Signature Card List of SBI cards losing Rs 50 lakh insurance benefit: UCO Bank SBI Card PRIME Central Bank of India SBI Card PRIME PSB SBI Card PRIME KVB SBI Card PRIME KVB SBI Platinum Credit Card South Indian Bank SBI Card PRIME South Indian Bank SBI Platinum Credit Card Karnataka Bank SBI Card PRIME Karnataka Bank SBI Platinum Credit Card City Union Bank SBI Card PRIME Allahabad Bank SBI Card PRIME UBI SBI Platinum Credit Card OBC SBI Visa Platinum Card Federal Bank SBI Platinum Credit Card Bank of Maharashtra SBI Platinum Credit Card What has changed already Earlier in July, SBI Card air accident insurance cover from its own-branded cards, including: SBI Card ELITE SBI Card Miles ELITE SBI Card Miles PRIME SBI Card PRIME SBI Card Pulse The Rs 1 crore and Rs 50 lakh insurance covers were provided free of cost and did not require any separate application. Cardholders relying on this complimentary insurance should now consider buying a standalone travel or personal accident insurance policy if air travel risk coverage is important. It's also advisable to check your card's updated terms and conditions or speak to customer service to understand the full implications.
Business Standard
17-06-2025
- Business
- Business Standard
SBI Card drops air accident cover on premium cards: Here's the list
Company is discontinuing complimentary service offered by key credit cards, has not announced any replacement benefit New Delhi SBI Card has discontinued complimentary air accident insurance offered by many of its credit card products, including premium and co-branded. This insurance offered coverage of up to Rs 1 crore and discontinuing it will affect both SBI-branded and partner bank credit cards. Which SBI credit cards are affected? The withdrawal of air accident insurance will happen in two stages: Effective July 15, 2025 The following SBI-branded cards will no longer offer the complimentary insurance benefit: SBI Card ELITE – Rs 1 crore cover to be discontinued SBI Card Miles ELITE – Rs 1 crore cover to be discontinued SBI Card Miles PRIME – Rs 1 crore cover to be discontinued SBI Card PRIME – Rs 50 lakh cover to be discontinued SBI Card Pulse – Rs 50 lakh cover to be discontinued Effective August 11, 2025 Several co-branded credit cards issued in partnership with public and private sector banks will also see this benefit removed: Rs 1 crore cover to be discontinued on: UCO Bank SBI Card ELITE Central Bank of India SBI Card ELITE Punjab & Sind Bank SBI Card ELITE Karur Vysya Bank SBI Card ELITE Karur Vysya Bank SBI Signature Credit Card Allahabad Bank SBI Card ELITE Rs 50 lakh cover to be discontinued on: UCO Bank SBI Card PRIME Central Bank of India SBI Card PRIME Punjab & Sind Bank SBI Card PRIME Karur Vysya Bank SBI Card PRIME Karur Vysya Bank SBI Platinum Credit Card South Indian Bank SBI Card PRIME South Indian Bank SBI Platinum Credit Card Karnataka Bank SBI Card PRIME Karnataka Bank SBI Platinum Credit Card City Union Bank SBI Card PRIME Allahabad Bank SBI Card PRIME Union Bank of India SBI Platinum Credit Card Oriental Bank of Commerce SBI VISA Platinum Credit Card Federal Bank SBI Platinum Credit Card Bank of Maharashtra SBI Platinum Credit Card What cardholders should know SBI Card has not introduced any replacement benefit for the discontinued insurance. Affected users may consider:
