SBI Car 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 uses a multi-channel distribution model that includes bancassurance, agency, broking, and retail direct channels. SBI General Insurance Company Limited, in addition to car insurance, offers a wide range of general insurance products for both retail and commercial customers.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 customers may buy a new car insurance policy, renew an existing one, get a car insurance quote, and begin the process of filing 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. Mahesh Kumar Sharma is the current CEO and Managing Director of the company.

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.

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 some add-on covers based on your budget and needs, taking into consideration the base plan and add-on cover premium.
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: You can pay for your chosen policy quote with a debit or credit card, net banking, or e-wallets. After payment, you will receive the policy document through email.
SBI Car Insurance
SBI General Insurance provides many types of car insurance to protect your vehicle from unfortunate risks like accidents, thefts, fire, natural disasters, or third-party liabilities. In order to protect your car from damages and losses, the insurer offers two types of car insurance plans: third-party car insurance and comprehensive car insurance, both of which have affordable 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.
By paying a small extra premium over and above the cost of the base policy, SBI General Insurance allows you to customise your car insurance policy and expand its coverage with many add-on covers. Depreciation reimbursement, return to invoice, NCB protection, key replacement, roadside assistance cover, consumables cover, engine guard, and so on are some of the additional coverages offered by the insurance company.In addition to hosting 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
Founding Year	2009
Network Garages	16000
Claim Settlement Ratio	100.00%
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

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.