SBI Car Insurance

About SBI General Car Insurance

SBI General Insurance offers private two wheeler, four wheeler and commercial vehicle insurance. With SBI General car insurance, be assured to get complete coverage for your car as per your requirement - stand alone third party (SATP), stand alone own damage (SAOD) and comprehensive car insurance. In this page we will be covering details of SBI General Private Car Insurance.

Key Features Of SBI Car Insurance

The key features of SBI General car insurance are mentioned below:

24*7 Roadside Assistance: SBI Car Insurance offers 24*7 roadside assistance no matter the time or the hour. From assisting you in towing your car or helping with emergency fuel refill, if you take the roadside assistance add on, you will not have to worry about car breakdowns.

Huge Network of Cashless Garages: SBI General has more than 7100 cashless garages across the country, making it easy and convenient for the policyholders to get their vehicle repaired.

24*7 Claim Assistance: SBI General’s claims team is available at your service to assist you at any hour of the day or night. If you have any query regarding your claim or in case you need to make a claim, feel free to reach out to them.

Key Metrics

The key metrics of SBI General Car Insurance are as follows:

Key Metrics of SBI General Car Insurance

Data

Founded in (year).        2009

Claims Settled (in percentage).      98

Claim Assistance (time)             24*7

No Claim Bonus.         Covered

Repair Warranty (in months).        Depends on the plan chosen

Cashless Garages (PAN India).        7100+

Car Insurance Premium (starting price in Rupees)   2094

Types of Car Insurance Plans Offered By SBI General

There are three types of car insurance offered by SBI General Car Insurance in India - stand alone own damage, stand alone third party and comprehensive car insurance. Listed below are the details on all three:

Standalone Own Damage (SAOD or OD) - A stand alone own damage car insurance or SAOD insurance by SBI General Insurance protects your car by providing coverage for any legal or financial obligation arising due to damage or loss of your car. This damage or loss can be due to an accident, man made disasters like vandalism, or riot, and natural disaster like flood, or earthquake. An own damage car insurance also protects you from losses arising due to theft or burglary. If you already have a third party car insurance, it is advisable that you take a stand alone own damage car insurance cover to protect your car against any damage.

Third-party Liability (TPL or 3PL) - A stand alone third party car insurance offers the policyholder with legal and financial protection against any accident that involves a third party person or their property. It is important to note that this insurance provides coverage only in case the injury caused to a third party or the damage done to the third party property is unintentional. Having a third party car insurance or TPL is mandatory as per the Motor Vehicle Act of 1988.

Comprehensive - A comprehensive car insurance policy offered by SBI General Insurance is a type of car insurance that gives you benefits of both stand alone own damage and stand alone third party car insurance. This policy is the most sought after policy giving you coverage for own vehicle theft, loss, or damage due to man made and natural disasters as well as covers you financially and legally against any damage caused to the third party. With comprehensive car insurance you also have the options to choose from various add ons for your own car protection which is otherwise not available when you only buy a third party car insurance.

Add Ons Offered By SBI Car Insurance

Add ons are additional benefits offered by the insurer that complements your main car insurance policy (stand alone and comprehensive). These add ons come at an additional cost when you choose them along with your insurance plan. Listed below are the add ons offered by SBI General Car Insurance:

Zero Dep Cover: Usually, when there is an accident or damage to your car, there is a depreciation value attached to your car which comes out of your pocket while raising the claim. However, if you have a zero dep add on, you will not have to incur this cost out of your pocket. A zero depreciation add on as the name suggests helps in keeping the depreciation value of your car at zero thereby covering you from any unwanted expenses due to depreciation.

No Claim Bonus Protection: If in any given policy year you do not make a claim, you get a bonus amount or discount from your insurer known as no claim bonus or NCB. No claim bonus is a type of cover that protects your bonus or discount even after you make a claim in a policy year.

Return To Invoice: With this add on you can be stress free in case your vehicle gets stolen or damaged beyond repair. This add on helps you in getting the total value of your car from your insurer saving you any loss incurred due to loss or complete damage of your vehicle.

Key Replacement: This add on helps in providing protection against any kind of damage to your car keys. In case you have damaged, lost or broken your key or your keys are stolen, with this cover you don’t have to worry about the cost of replacement or repair of your car keys.

Allowance For Inconvenience: With this add on your insurer will pay you cash allowance for travel or commute in case your car is in repair for more than three days. The allowance paid is for a maximum of 10 days only.

Loss of Personal Belongings: With this add on you will get reimbursed for any loss or damage that may occur to your personal belongings due to your car getting stolen, lost or damaged during an accident. Note that an F.I.R copy is required for the item before a claim can be made. There are also some deductible expenses associated with your belongings which you must talk to your insurer about.

Roadside Assistance: With SBI General Insurance, you can also opt for a roadside assistance cover that will provide support to you 24*7 in case your car breaks down, you have a fuel issue, need to get your vehicle towed, have a flat tyre, battery issue etc.

Hospital Daily Cash Cover: With this add on you can get a daily cash cover in case the owner/ driver of the vehicle endured injuries in an accident. Note that this compensation amount is limited up to the sum insured and as mentioned in your policy document. A minimum of 24 hours hospitalisation is mandatory to get the allowance and it is available for a maximum of 30 days.

Engine Guard: Your vehicle’s heart lies in its engine. This engine guard add on covers the cost of your car’s engine in case it gets damaged or needs to be replaced.

Cover For Consumables: If you incur any cost in replacement of your vehicle’s consumable items like oil filters, fuel filter, nuts and bolts, brake oil, etc., then this add on will help you in getting the amount reimbursed.

EMI Protector: In case your car is in the garage for repair for a period of 21 or more days, and if you have a car EMI to pay, your insurer takes care of that. The EMI under this case will be paid by your insurer for a maximum of 2 months.

Tyre and Rim Guard Cover: In case there is any accidental loss, puncture, damage, or if your car tyre gets stolen or your car’s rim gets damaged, your insurer covers you for that. This coverage also covers any additional labour charges that may incur during repair of your vehicle’s tyre.