SBI Customers Alert! Now, get up to Rs 2 lakh free Insurance, here’s how

Select SBI customers can enjoy free insurance of up to Rs 2 lakh insurance. 

New Delhi: State Bank of India (SBI) customers can enjoy a free Rs 2 lakh insurance for free of cost. Customers who had opened bank accounts with the state-owned lender before August 28, 2018, can avail of the insurance without any additional cost. 

Moreover, customers who had opened their Jan Dhan accounts after August 28, 2018, can avail themselves of the insurance benefits. However, one of the most important conditions for receiving the benefits is that the insurer should have applied for an ‘SBI RuPay Jan Dhan Card‘.

New customers cannot claim the insurance for free by simply opening the Pradhan Mantri Jan Dhan Yojana (PMJDY) account. The insurance is given to the nominee on the death of the account holder outside of India.