New Delhi, August 2025 — In a significant move affecting millions of customers, SBI Card has announced a major policy change that will come into effect from August 11, 2025. The company will discontinue the complimentary air accident insurance cover currently offered on several of its premium and co-branded credit cards.
✈️ What’s Changing?
Until now, select SBI credit cards provided free air accident insurance coverage of ₹50 lakh to ₹1 crore to cardholders, offering financial protection in case of air travel-related fatalities. This benefit was available without any additional charges or formal application.
Starting August 11, this feature will be removed from the following categories of SBI credit cards:
- Premium credit cards
- Co-branded travel cards
- Other select variants offering complimentary travel benefits
⚠️ What Does This Mean for You?
If you’re a frequent flyer who relied on this insurance for peace of mind, this change could leave a gap in your travel safety net. Here’s what you should consider:
- You will no longer be covered under SBI’s complimentary air accident insurance during flights.
- Experts recommend exploring personal travel or accident insurance policies available in the market to maintain coverage.
- All SBI cardholders are advised to review the updated terms and conditions of their credit cards to understand which benefits remain active.
- In case of any confusion, customers should contact SBI Card customer care for detailed clarification.
💬 Industry Insight: Why Is SBI Making This Move?
While SBI Card has not officially disclosed the reason behind this decision, industry analysts suggest it aligns with a broader trend in the banking and finance sector. Many banks are scaling back complimentary benefits or tightening eligibility criteria to reduce operational costs and limit perks to high-value customers.
This shift reflects a strategic effort to streamline benefits, ensuring sustainability while managing risk and expenses.