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Policy Type: Renewal

*Premium under GST is going to Rise from July

Free 24 x 7 Road Side Assistance (Worth Rs. 1500) With Every Motor Policy

About SBI General Car Insurance

sbi car insurance While driving on Indian roads, cars invariably gets involved in collision and sometimes vehicles get stolen as well. SBI car insurance plans offer comprehensive coverage to safeguard policyholders' liabilities towards third parties and also shields the vehicle of the insured from an array of natural and man-made disasters and personal accidents.

Motor Policy Coverage

Zero depreciation cover

With Zero depreciation cover, you can get full compensation in case your car meets an accident as it takes the depreciation out of the equation.

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NCB protection cover

Even if you make claims you won't lose out on NCB if you buy NCB protection cover along with comprehensive car insurance policy.

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Road side assistance

Being armed with Road side assistance cover, you don't have to remain stranded if your vehicle breaks down in the middle of nowhere

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Return to Invoice Cover

This add-on cover protects the full value of your car and pays out the amount you paid to buy your vehicle in the event of an accident.

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SBI General’s Critical Illness Insurance Policy offers coverage and pays out a a fixed sum on diagnosis of thirteen critical illnesses.

SBI General Group Health Insurance Policy is designed for both individual
and family and provides comprehensive coverage against a range of medical expenses.

SBI General Hospital Daily Cash Insurance Policy provides fixed sum for each day of hospitalization including ICU hospitalization regardless of the actual expenses.

Top Policies

SBI General Private Car Insurance Policy covers the mandatory Third Party Liability and also damage or loss to the vehicle of the policyholders.

SBI General Private Two-wheeler Insurance Policy covers the mandatory Third Party Liability and also damage or loss to the two-wheeler of the policyholders.

SBI General Travel Insurance policy provides comprehensive cover to individuals, families and business people during their holiday or official trips to foreign countries.

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SBI General car insurance policy is known as Private Car Package Policy and it provides comprehensive coverage to its customers on the road.

  • All third-party liabilities as mandated by the law if the insured causes the damage.
  • Death, physical injury and damage of the property of the insured due to natural calamities , fire and man-made disasters like theft, burglary, terrorism, war and also because of mishaps in transit.
  • Compensation up to a maximum of Rs.2 lakhs is available for the owner.
  • Other passengers are also entitled to claims up to a maximum of Rs. 2 Lakhs if they are also insured individually.
  • Depreciation waiver
  • Protection of No-Claim Bonus
  • Replacement of keys
  • Recompensing paid employees
  • Personal belongings cover
  • Invoice Value
  • The cost of SBI General car insurance policy is worked out on the basis of the profile of each customer, hence low-risk clients are rewarded with low-priced SBI General car insurance policy
  • Applicants in the age-group of 36 – 60 years are eligible for discounts

The Sum Assured is determined by the adjusted selling price of manufacturer after taking depreciation into account. The Sum Assured is also known as the Insured’s Declared Value or IDV.To work out the IDV, a certain percentage of the depreciation is adjusted which increases as the car gets older. In case of total or constructive loss the following schedule is applicable.

  • 6 months – 5%
  • Between 6 months and 1 year – 15%
  • Between 1 and 2 years – 20%
  • Between 2 and 3 years – 30%
  • Between 3 and 4 years – 40%
  • Between 4 and 5 years – 50%

As agreed between the insurance company and the insured For automobiles that are over 5 years old and makes of which vehicles are obsolete insurance company and the insured make a mutual agreement to arrive at the Sum Assured.

  • Policyholders are entitled to No-Claim Bonus in the following situations;
  • After every claim-free policy period
  • Upon renewal if the policy renewal is done within 90 days after expiry
  • Discount is available up to 50% of due premiums
  • Discount is available if the NCB is transferred to or from any other insurer
  • Policyholders can opt for voluntary deduction under this plan and avail discounts on premium.
  • Customers in the age-group of 36 – 60 years are eligible for age-related discounts

The comprehensive car insurance policy comes with some exclusion. The following are the losses that SBI General car insurance plan doesn’t cover.

  • Consequential loss
  • Loss in value resulting out of the advancing age of the vehicle
  • Losses due to electric or mechanic fall outs
  • Losses due to usage of vehicle out of specified limits and out of specified locations.
  • Damages due to driving after being intoxicated and without valid license
  • Damages caused by nuclear activities and war