SBI General Insurance Company limited is a joint venture between State Bank of India and Insurance Australia Group. The majority shareholding is held by Indian counterpart and Australian company holds minority holdings. The SBI General Insurance Company has the vision to be the most trusted insurer in the country with fair and transparent practices leading the nation’s effort in increasing insurance penetration. SBI General insurance company serves three segments namely retail segment, corporate segment and SME segment. To cover the individual risk, the company provides car insurance, personal accident insurance, health insurance and home insurance plans.

SBI Motor Insurance Plans:

Below are the motor insurance plans provided by the company:

  • Motor Private Car insurance: This policy provided by SBI general insurance company is meant for private cars. The policy provides third party liability together with loss or damage to the car itself.  It protects against any liability arising out of the use of vehicle towards third party arising on bodily injury or death of the person or any damage to the property. The policy is a comprehensive plan including personal accident cover as well. By payment of extra premium, additional liability towards paid driver and employee can be covered. Upon SBI car insurance renewal, discount is provided in case of no claim year. Depreciation cover and normal wear and tear are not covered under the policy.
  • Motor Two Wheeler: This policy is specially meant for two wheeler insurance and it provides cover against any liability arising to the third party which may occur due to the accident resulting in bodily injury or death of the third person and covers damage to the property. It covers loss or damage to the two wheeler or its accessories due to fire, explosion, self-ignition and accidental damage due to external means. Damage to the vehicle as a result of any natural calamity is covered under the policy.

SBI car insurance claims are very easy to make and are settled by in house team. One can make comparison between SBI car insurance premium and SBI car insurance quotes online in order to understand the minutiae of the policy. Moreover, comparison can be made online between SBI car insurance plans and motor insurance plans provided by other players in the market.