Sbi Car Insurance FAQs

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

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

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

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

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.

The discount rate will be offered as per the following slab:

(If no claims are lodged in consecutive years)

• Year-20%
• Years-25%
• Years-35%
• Years-45%
• or more years-50%

Yes, this can be done on payment of additional premium. The kit so installed should be added to the RC of the vehicle.

You may reach your nearest branch to avail a duplicate copy against a nominal fee.

Yes, a policy can be terminated midway and the unused premium can be refunded on a short period basis provided alternate insurance proof is provided and there is no claim lodged in the policy.

Yes, it is necessary to incorporate that in the policy document. It should be mentioned under heading financier details.

It is highly recommended not to lodge claims for minor damages. You can file a maximum of two claims with Zero Dep add-on cover during the policy term.

No. This is because the Zero Dep add-on cover only exempts you from paying the depreciation amount of your car. You will still be liable to pay for the things that are not covered under your policy.

Adding covers increases the premium amount accordingly. To know the premium of a policy with Zero Dep cover, visit www.insurancedekho.com and select SBI General car insurance policy along with Zero Dep add-on. Click on ‘get a quote’ to get the desired results.

You don’t need to worry about the calculations. Entire assessment is done by SBI General and you will be informed about all details. However, you only need to know the depreciation rate and age of your car to do the necessary calculations.

You can extend the legal liabilities for any paid driver/conductor/cleaner employed in operation of the vehicle. However, this cover is not available by default and you need to purchase it against an extra cost.

No, there is no need to renew the policy every year. SBI General Act Only is a long term policy for 3 years, which eliminates the need for annual auto-renewal.

Yes. Just approach the nearest branch and submit a written request. A nominal fee will be charged to furnish a duplicate copy of your insurance policy.

Yes, you are entitled to get No Claim Bonsu (NCB) discount with Act Only cover if no claim is filed during the policy tenure. Also, the discount increases for every claim-free years, up to 5 years.

Yes, you will be entitled to get No Claim Bonus (NCB) if no claim is lodged during the insurance period. The discount increases for every claim-free years up to 5 years.

This is only possible if you have the NCB Protection add-on cover over your standard SBI insurance policy. However, this protection will also become void if more than one claim is filed during the policy period.

The SBI General car insurance policy is transferable. You just need to submit an application and fill the necessary details in the application form. The company may charge a minimal fee for the same.

Yes, you can get your personal belongings covered against payment of an additional premium. However, this allowance only covers the personal belongings of the policyholder and not others travelling in your car.

In case, you have sold your car, you can either transfer the policy to the new owner or can cancel it. Both can be done by submitting a formal request at the nearest branch and filling a form (if required).

No, filing an FIR at the local police station is only mandatory if the accident results in serious injuries to a person, theft of the vehicle and third-party property damage.

Yes, you can still renew you SBI General car insurance policy even after missing the last date. However, this can be done by filing a formal request and post satisfactory inspection of the vehicle the policy will be renewed

Yes, you can renew the add-on covers of your existing non-SBI policy while renewing your policy with SBI.

No, you need to follow the same process for both the comprehensive and third-party policy renewal. Also, even if you have a non-SBI car insurance policy, you can still use the same process to new your policy with SBI.

To make the payment of the insurance renewal fee in cash, you need to visit your nearest SBI General Insurance branch and initiate the renewal process. You can locate your nearest SBI General Insurance branch using its official website.

You should renew your car insurance policy before its expiry. You can also renew it within 90 days after missing the last renewal date but in case that you would be required to get an inspection done for your car. If you fail to renew the policy even post 90 days of its expiry, you will have to purchase a new car insurance policy for your vehicle.

SBI Own damage insurance plan offers protection to the policyholder against the losses or damages caused to their own insured vehicle due to an accident, theft or mishap.

The premium calculation for SBI Own damage car insurance plan takes place by taking into consideration several factors such as car’s make, car’s age, vehicle type, geographical zone, engine cc, etc.

No, buying an own damage insurance plan is not mandated by law.

An own damage insurance plan provides the policyholder with protection against damages sustained by their own insured vehicle because of any mishap, natural calamity, accident, etc. While, on the other hand, a third party insurance offers protection against third party liabilities i.e. third party property or individual.

Generally, a policy buyer can choose from 3 different types of car insurance plans i.e. third party car insurance plan, a comprehensive car insurance plan and standalone own-damage car insurance plan.