Significant Features And Benefits of SBI Car Insurance Plans

Purchasing a car insurance policy can be a tedious process if done without adequate knowledge. Besides doing proper research, you should always ensure that you purchase a policy that provides you with the required coverage at an affordable premium. The best way to get the most suitable car insurance plan is by comparing different policies. Since different insurance companies offer different car insurance plans, it is better to compare policies using different parameters. This article will throw light on the key features of SBI General Insurance that make it a suitable car insurance provider.

Key Benefits of Purchasing Car Insurance With SBI General Insurance 

SBI General Insurance offers a wide variety of products and services to its customers. Your car is without a doubt your cherished possession which has now become one of the most used modes of transport. However, accidents of any sort are unpredictable. Thus, you will be required to purchase a car insurance policy to keep yourself legally and financially safe. SBI General Insurance has come up with SBI Car Insurance to provide optimal coverage at affordable prices and an easy claim settlement process to help their policyholders to avail the best benefits while driving. The following are the top features that make SBI a suitable insurance provider for you - 

• The Insurance Provider's Reliability

When buying car insurance, the first thing you need to do is check the insurance company's authenticity. On the insurance company's official website, you can look up their licence and registration. Buying from a certified and registered insurance company ensures that you are getting a genuine policy. This will protect you from illegal operations. SBI General Insurance is a reputed insurance provider and known for its services in the insurance sector. With a claim settlement ratio of 89.51% in FY20, it is definitely a reliable insurance provider. 

• Coverage That Is Optimal

There are numerous events that can result in vehicle damage. It could be accidental or non accidental. A regular insurance policy does not cover every unfortunate event. As a result, you must ensure that your car insurance is purchased from a provider that provides the required coverage. SBI General Insurance offers a wide range of facilities with its standard car insurance policies such as third party liability and personal accident cover that help you to get the optimal coverage. 

• Additional Covers

Additional covers are services provided by insurance firms that are not included in standard insurance plans. These covers enable policyholders to obtain additional coverage for their car insurance policy. Various firms provide various add-ons. Some are limited by the vehicle's age and model. Including these extras to your car insurance policy will allow you to personalise it as per your requirements. SBI General Insurance offers 12 additional covers to help you get a blanket coverage. They are -

1. Bi Fuel Kit Cover 

2. Zero Depreciation Cover

3. No Claim Bonus Protection Cover

4. Key Replacement Cover

5. Personal Belonging Cover

6. Inconvenience Allowance 

7. Return On Invoice 

8. Engine Guard 

9. Consumable Cover

10. Additional Roadside Assistance 

11. EMI Protector 

12. Tyre And Rim Guard 

• Cashless Repair Facility 

Most insurance firms provide this as one of their most convenient services. In the event of an accident, repairing your car in one of the company's network garages is quite advantageous as you will not be required to pay for the repair costs. Your car's repair bills will be forwarded straight to your insurance company. The payment will be made without your involvement. SBI General Insurance has over 16,000 network garages making the repair of your car seamless and convenient. 

• Other Benefits 

SBI Car Insurance offers tailored pricing based on the customer's profile. Customers between the ages of 36 and 60 receive a discount from SBI. It provides some outstanding add-on advantages that enhance the entire insurance policy while also giving exclusive coverage. SBI General Insurance offers the most open and transparent working environment and operations. 

Take Away

According to the Indian Motor Vehicle Act, car insurance is mandatory. Various insurance firms offer various insurance policies with various features. Therefore, make sure to check out different policies and compare them to choose the one that best meets your needs.

Also Read:

What Are The Different Types Of Car Insurance?

Points to Consider When Buying Car Insurance in India

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.