Can I get Out of the SBI Pai scheme?
Yes by visiting any SBI branch and giving written consent to cancel further deductions to this PAI Scheme. But my personal friendly suggestion it costs nothing, literally nothing if you are paying just some hundreds once in a year for something that fetch your family 2000 times of money, that too at a time when they may be needing it the most.
Can I cancel my SBI General personal accident insurance policy?
Well, the answer is yes. You can easily cancel your SBI General Personal Accident Insurance policy. But before you take this step it is important for you to know the exact reason behind this. A personal accident insurance policy is a plan that provides the needful cover in hard times. There are many benefits that this insurance policy carries.
Can I cancel the policy after payment of Pai?
You can cancel any policy at any point of time. If request made within 15 days of receiving the policy full refund will be made other than that on short period basis. PAI is valid for one year. If the amount is credited to insurance company's account it can not be cancelled.