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SBI Car Insurance

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Highlights
    Network Garages16000+
    Claim Settlement Ratio89.51% in FY20
    Third Party CoverAvailable
    Customer Base6.8 Crore+
    AccreditationiAAA Rating by ICRA
    Presence125+ Branches

    About SBI General Insurance

    SBI General Insurance Company Limited is one of the top insurance companies in India that offers reliable car insurance policies. It is a joint venture between State Bank of India and Insurance Australia Group (IAG) and has been rendering services since 2010. The company works with a multi-distribution model that encompasses bancassurance, agency, broking and retail direct channels. In addition to car insurance, SBI General Insurance Company Limited offers a wide array of general insurance products in both retail and commercial space. These include health insurance policies, bike insurance policies, home insurance policies, personal insurance policies, and travel insurance policies. While in the commercial space, it offers fire insurance policies, marine insurance policies, aviation insurance policies, and construction insurance policies.

    The venture is composed of 74% stake owned by the State Bank of India and the rest 26% is owned by Insurance Australia Group Limited (IAG). SBI is a government-owned corporation headquartered in Mumbai and has a total of seven associate banks and operates with over 18,500 branches spread across the country. Whereas, IAG is an international general insurance company, with operations in New Zealand, Australia, UK, and Asia. IAG has a business endorsement of over $11 billion of premium every year and sells insurance under numerous top brands.

    SBI General Insurance has a dedicated website where one can purchase a new car insurance policy, renew the existing car insurance policy, get a car insurance quote, and can also initiate the process to avail a car insurance claim.

    Today, the entire distribution family has over 21,000 IRDA-certified working employees, including the State Bank Group employees and more than 8,000 agents. Worth mentioning, it is also bestowed with iAAA rating for the highest claim paying ability. Pushan Mahapatra is the current CEO and Managing Director of the company. He took the post in January 2016, succeeding Bhaskar J Sharma.

    How to Buy SBI Car Insurance Policy Online?

    When it comes to purchasing an SBI car insurance plan, you can easily compare and buy it through the InsuranceDekho portal or from an insurance company website. Below are the details of both processes.

    How to Buy SBI Car Insurance Policy From InsuranceDekho?

    Following is the process to purchase a car insurance plan from the InsuranceDekho website:

    Step 1: Visit the website of InsuranceDekho and click the ‘Car’ tab on the homepage.

    Step 2: Enter details like the registration number of your car, manufacturer, model, make and year of registration of your car and click on ‘Get your Quote’. You also have to enter your mobile number and email ID to proceed.

    Step 3: The amount of policy premium offered by different insurance companies will appear on the next page.

    Step 4: You can choose to opt for some add-on covers based on your budget and needs considering the premium of the base plan and add-on cover

    Step 5: Make payment for the premium via debit or credit card, net banking, etc. After the payment, you will get the policy document directly in your inbox of the registered email ID.

    How to Buy SBI Car Insurance From SBI General Insurance’s Website?

    Below is the process to purchase a car insurance policy from the website of SBI General Insurance:

    Step 1: Visit the SBI General Insurance Company’s website and select the option to buy motor insurance. Choose the option to buy car insurance and enter a registration number.

    Step 2: Enter a few details like your name, mobile number, and email ID. An OTP will be sent to you to validate your identity.

    Step 3: Enter the details of your car like registration number make, model, and the variant of your car, registration city, registration date, and parking Pincode, to proceed.

    Step 4: Choose the policy quote offered by the insurer. You can also include a few add-on covers if required.

    Step 5: Pay for the opted policy quote by using a debit card or credit card, net banking, or e-wallets. You will get the policy document via email after the payment.

    SBI Car Insurance

    SBI General Insurance proffers car insurance of different types to help you secure your car from unfortunate risks which may include accidents, thefts, fire, natural disasters, or third-party liabilities. In order to shield your car from damages and losses, the insurer comes up with two types of car insurance plans such as third-party car insurance plans and comprehensive car insurance plans that are available at reasonable premium rates. In addition to these, the insurance company also presents an additional benefit of personal accident cover of up to Rs. 15 lakhs for individual owners to compensate them for permanent disability or death while driving.

    SBI General Insurance allows you to personalize your car insurance policy and expand its coverage with several add-on covers by paying a little extra premium in addition to the cost of the base policy. Some add-on covers provided by the insurance company comprise depreciation reimbursement, return to invoice, NCB protection, key replacement, roadside assistance cover, cover for consumables, engine guard, and so on. In addition to host a range of insurance plans and additional covers, opting for an insurance cover from SBI General Insurance can make you avail No Claim Bonus, enjoy a wide network of garages, and grab great discounts tailored as per your needs.

    Significant Points of SBI Car Insurance

    Features

    Coverage

    Third Party Property Damage

    Up to Rs. 7.5 Lakh

    Own Damage Cover

    Coverage for Own Car for Its Loss and Damage

    Personal Accident Cover

    Up to Rs. 15 Lakh for Individual Owners and Up to Rs. 2 Lakh per Person for Passengers.

    Add-on Covers

    13 Add-on Covers

    Claim Assistance

    24/7 Claim Assistance

    Calculate Your Car Insurance

    Select your car's brand
    • Maruti
    • Hyundai
    • Honda
    • Toyota
    • Mahindra
    Which city is your car registered in?
    • Ahmedabad
    • Bangalore
    • Chandigarh
    • Chennai
    • Gurgaon
    When did you buy your car?
    20052019
    Have you made a claim in the previous year?

    Benefits of SBI General Car Insurance

    • 1.SBI car insurance online, offers more than 16,000 cashless network garage services across India.
    • 2.You can also avail discount on the premium under SBI car insurance policy. However, this is available only when you choose a Voluntary Excess in addition to the Compulsory Excess.
    • A dedicated website for easy claim initiation, claim settlement, policy purchase and renewal.

    SBI General Car Insurance Add-Ons

    • No Claim Benefit (NCB) Protection

      NCB is a discount offered as a reward in case no claim is filed by the insured in the previous period. However, a mere small claim can wipe out this benefit. NCB Protection add-on preserves NCB even after a claim. Also, this covers only one claim in a year and is not transferable.

    • Nil Depreciation/Zero depreciation

      Apart from the depreciated value of parts, this add-on entitles one to claim the complete cost of replacing damaged or worn out car parts with brand-new parts except few exceptions such as tyre, tubes and battery.

    • Engine Protect /Engine Guard

      A standard car insurance does not cover non-accident related breakdowns. With Engine Protect/Engine Guard add-on coverage, you can cover engine and circuit related repairs. However, this can’t be claimed due to normal wear and tear of the car’s engine.

    • Daily Allowance

      This is a unique add-on that repays you for the expense of finding alternative transport when your car is stolen or damaged. The coverage could last as much as two weeks and the claim amount is up to Rs 1,000 (depending on the make and age of your car).

    • Return to Invoice

      This feature lets the car owners claim the invoice price plus registration charges instead of the depreciated resale value. This is only for the situation when the car is stolen, or if it is damaged to an extent that no repairs can be done.

    SBI General Car Insurance Claim Process

    It's 5 step simple process,Hassle FREE
    • 1

      Initiate your claim

      Visit the company’s site and click on ‘Initiate a claim’. Alternatively, you can call the toll free number 1800 22 1111 to get your claim/reference number
    • 2

      Keep the necessary documents as prescribed

      A customer care executive will provide you with the details of documents required and also the cashless workshop (if available)to initiate and process your claim.
    • 3

      Wait for a day for the claim executive to reach you

      The claims manager/executive will contact you within 24 hours
    • 4

      Submit all the relevant documents

      Then you need to submit all the relevant documents to the claims manager/executive, which will be verified against the originals
    • 5

      Relax and let the team do the Job

      SBI General will proceed with the process and all the claims will be settled immediately. However, in a non-cashless process, claims are settled after a month of receipt of the final survey report

    616 Sbi Cashless Garages in India

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    Insurance Products by Sbi General Insurance

    SBI General Car Insurance FAQ’s

    • What benefits does SBI General Car Insurance offer over other non-life insurance companies?

      SBI General Car insurance has a commendable incurred claim ratio of 102.07%. The figure proves the company’s commitment to claim settlement.

    • What are the documents and formalities required to process the claim by the company?

      The necessary documents are as follows:


      • Completely filled Claim Form
      • Policy Document
      • Driving License of the driver driving the vehicle at the time of loss
      • RC Copy
    • What one should do in case of an accident?

      Reach the company’s customer care executive via dialling the toll-free number 1800 22 1111 or SMS 'Claim' to 561612

    • What should I do with the insurance when I sell my car?

      The insurance policy is transferable; hence, you could easily transfer the insurance policy, or you can also opt for cancellation of the policy.

    • What is No Claim Bonus?

      No Claim Bonus is basically the discount given by the company in case no claim is requested by the insured during the complete tenure of his policy period.

    Why to buy from InsuranceDekho?

    • Instant policy # within 5 mins
    • More than 11.5 Lac happy customers
    • Claim Support available all 7 days of the week

    SBI General Car Insurance Contact Details

    For any query call the toll-free number:
    • InsuranceDekho

      7551196989Mon to Sun 10 AM to 7 PM
    • 1800 22 111108:00 AM to 08:00 PM
    • 561612Or for a short note can even SMS to 561612
    • Address

    SBI Wording Download

    • 494.2 kB
    • PDF Document
    • April 23,2019

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    Disclaimer

    Every detail provided in this website is for information purpose only. InsuranceDekho, under no circumstances, endorses the information provided. However, we are constantly doing our best to keep our privileged customers up-to-date with neutral and factual information.
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