With credit/debit card fraud on the rise year after year, State Bank of India has rolled out a card protection plan that will help safeguard the savings of customers in the case of card theft or fraud. Some of the benefits of the State Bank of India Card Protection Plan are listed below.
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SBI's Card Protection Plan comes with additional insurance options for its members.
Benefits / Tier | Classic | Premium | Platinum |
Annual Membership Fees(Inclusive of 15% Service Tax) | Rs.1,599 | Rs.1,999 | Rs.2,499 |
Additional members who can be covered | None | Spouse | Spouse and Parents |
Emergency cash in India | Rs.5,000 | Rs.20,000 | Rs.20,000 |
Emergency hotel bills overseas | Rs.80,000 | Rs.120,000 | Rs.160,000 |
Emergency hotel bills in India | Rs.40,000 | Rs.60,000 | Rs.80,000 |
Emergency travel ticket overseas | Rs.80,000 | Rs.120,000 | Rs.160,000 |
Emergency travel ticket advance in India | Rs.40,000 | Rs.60,000 | Rs.80,000 |
Lost card fraud protection | Rs.1 lakh | Rs.2 lakh | Rs.3 lakh |
Number of days covered prior to notification to the card issuer | 15 days | 15 days | 15 days |
Limit per card | Not Applicable | Not Applicable | Not Applicable |
Lost phone reporting - SIM blocking | Yes | Yes | Yes |
F-Secure Internet Security( single subscription) | Yes | Yes | Yes |
Lost PAN card replacement service - Free | Yes | Yes | Yes |
Valuable document registration | Yes | Yes | Yes |
Dedicated case officer | No | Yes | Yes |
SMS to call-back service | No | Yes | Yes |
A card protection plan basically ensures that you are insured if your card happens to get lost or is stolen. The plan protects you against fraud and covers your expenses till you get a new credit/debit card.
The premium for the Card Protection Plan for the SBI Classic debit card is Rs.1,599.
Yes, the SBI Card Protection Plan comes with added insurance. The add-on insurance covers are hospital cash insurance, accident shield insurance and family welfare insurance.
You can avail a coverage upto Rs.1.6 lakh for booking tickets and for hotel stays - in each case.
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Credit Score:
Personal Loan:
Home Loan:
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