SBI Card air accident insurance benefit: If you have an SBI Credit Card, especially one of the premium ones like Elite or Miles Elite, then there’s something important you should know. From July 15, 2025, SBI Card has removed the free air accident insurance benefit that many users used to get.
This change is mainly for those who own SBI Card Elite, SBI Card Miles Elite, and SBI Card Miles Prime. These cards earlier offered air accident coverage of up to ₹1 crore without any extra cost. But now, that benefit has been stopped.
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That’s not all. SBI has also removed ₹50 lakh air accident insurance that came with other cards like SBI Card Prime and SBI Card Pulse. These cards too, from July 15, will no longer come with that safety cover. So people using these cards who relied on that feature will need to find other insurance options if they want that kind of protection while flying.
Changes in How you pay
SBI has also changed how your payments are handled when you clear your credit card bill. Before, there was an internal system where your payment was split into different parts of the bill. Now, from July 15, the bank will change that system and follow a new method. That means when you make a payment, it will go to specific parts of your bill in a different order than before. This can affect how fast your dues go down and how much interest you end up paying later if you’re not paying the full amount.
How much you pay?
And then comes another big change SBI is changing how they calculate the Minimum Amount Due, also called MAD. This is the minimum you must pay every month to avoid late fees or getting marked as a defaulter. With the new system, this amount will now be more than it used to be.
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The new calculation adds up more charges than before. It now includes full GST, all EMI amounts, all extra charges and fees, full finance charges, overlimit amount if your spending crossed the allowed credit limit, and 2% of the remaining balance that you owe, reported Mint.
This means if you only pay the minimum every month just to avoid the late penalty, it won’t be as easy as before. The amount will be higher, and you’ll have less room to keep your monthly spending low. Also, if you keep paying only the minimum and not the full bill, the interest can grow fast and cost you more over time. So this is going to change how premium cardholders manage their repayments and monthly budgets.
