SBI Card has made a big change. Now it has decided to discontinue the free air accident insurance cover available on many co-branded credit cards. This change will come into effect from August 11, 2025.
Till now, air accident cover of Rs 1 crore or Rs 50 lakh was being given on some ELITE and PRIME cards issued in collaboration with UCO Bank, Central Bank, PSB, Karur Vysya Bank, Allahabad Bank etc. But now this facility will be discontinued.
On which cards will the cover of Rs 1 crore be closed
- Karnataka Bank SBI Card Prime
- Karnataka Bank SBI Platinum Credit Card
- City Union Bank SBI Card Prime
- Allahabad Bank SBI Card Prime
- United Bank of India (UBI) SBI Platinum Credit Card
- Oriental Bank of Commerce (OBC) SBI Visa Platinum Card
- Federal Bank SBI Platinum Credit Card
- Bank of Maharashtra (BOM) SBI Platinum Credit Card
Changes in the billing system
SBI Card has also made changes to its billing and payment process from July 15, 2025. Now the full GST amount, EMI, fees, finance charges, overlimit amount and 2% of the remaining bill will be added to the minimum amount due.
Payment Adjustment
Now the payment made by the customer will be adjusted first against GST, then EMI, then fees and charges, finance charges, balance transfer, retail expenses and finally cash advance. Therefore, those who have the above-mentioned cards should read the new terms carefully before August 11 and choose the option if needed.
