Additional Benefits: With private insurance, the coverage usually extends even if the disability becomes apparent within a year after the accident. Private insurers also provide benefits like ensuring a child’s education. The coverage can be 10 per cent of the sum assured or the actual tuition fees the institution charges, whichever is lower. But this varies; for example, with the State Bank of India (SBI) General Insurance, education benefits for the insured's child and spouse are up to Rs. 50,000 or 1 per cent of the basic sum insured, whichever is lower.