SBI Zero Depreciation Car Insurance

Get Car Insurance starting at only ₹2,094/year #
Processing

Depreciation is something that touches almost all material things bought with money. Cars are not different. With time, the value of the car decreases from its buying value. It means every part of the car undergoes depreciation. The older the car, the higher the depreciation will be. To avoid this one can consider an add-on cover like SBI Zero Depreciation Car Insurance. Here’s how!

Read more

  • 16000 Cashless garages

  • Plan starting @ ₹2094#

  • 100% Claim settlement ratio

#TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Get Car Insurance starting at only ₹2,094/year #
Looking for Car Insurance?
    Other models
    Other variants
    Select your variant
    View all variants
      Full Name
      Email
      Mobile No.
      View Prices
      Please wait..
      By clicking on “View Prices”, you agree to our Privacy Policy & Terms of Use
      Get Updates on WhatsApp
      Select Make
      Select Model
      Fuel Type
      Select variant
      Registration year
      Registration month
      Save & update
      Please wait..
      Search with another car number?

      We have found best plans for you!! Our advisor will get in touch with you soon.

      What’s SBI Zero Depreciation Car Insurance?

      In a general comprehensive car insurance, the company tends to deduct the depreciation percentage from the claim amount. Older cars tend to get the lower claim amount. Now, to avoid this, one can add SBI Zero Depreciation Car Insurance to their comprehensive car insurance.

      Under this car policy, the depreciation is not deducted from the claim amount. The company takes the liability of the depreciation and gives the complete claim amount to the policyholder. This policy can be availed at an additional premium.

      Benefits of SBI Zero Depreciation Car Insurance

      Simply having comprehensive car insurance means the depreciation will be deducted from the claim amount. It means the lowered value of the claim, specifically in cars which are substantially old. To avoid this one can add the SBI Zero Depreciation Car Insurance to the original insurance. Here are some of the benefits to reap:

      • 5-year-old Cars: This insurance add-on covers five years' old cars as well under the insurance coverage.
      • Higher Claim Amount: With the SBI Zero Depreciation Car Insurance add-on one can increase the overall claim amount as compared to comprehensive car insurance. The depreciation will not be deducted from the claim amount.
      • Company Reputation: SBI car insurance has great reputation in the market, which further ensures 100% claim settlement in a faster way.

      Claim Process- SBI Zero Depreciation Car Insurance

      The claim process of the SBI Zero Depreciation Car Insurance is easy and hassle-free. Here are the steps to follow:

      1. Register the Claim: The first step is to file the claim with the SBI General Insurance Co. Ltd. One can either choose either of the ways:

      • Call: 1800 22 1111 (toll-free number)
      • SMS: CLAIM to 561612
      • Email: submit details to customer.care@sbigeneral.in   
      • Online filing: Go to SBI general insurance website, and fill the claim form directly.

      2. Confirmation: Within 20-24 hours, the claim support team will give a call. It shows that the claim is registered. They will provide a claim number to be used in the further steps. Keep the reference number of the claim process safe, as one will have to submit it at the garage later on.

      3. FIR: In case the car is in a grave accident causing personal injury or if the car isstolen, FIR is mandatory for the claim process to move forward. One needs to provide details of the accident and witnesses to the SBI general insurance.

      4. Take the Car to the Garage: SBI car insurance has around 2500 cashless garages across the country. Simply take the car to one of the cashless garages and provide them with the details of insurance, accident and claim reference number.

      5. Claim Processing: After the car is submitted to the garage the claim is finalized. One can sit back and relax, as the company will sanction the insurance claim on SBI Zero Depreciation Car Insurance within 30 days. The claim will be sanctioned without deducting the depreciation on the car.

      SBI Zero Depreciation Car Insurance FAQs

      Find similar car insurance quotes by body type

      Hatchback Sedan SUV MUV
       Why buy from policybazaar

      Car insurance articles

      Recent Articles
      Popular Articles
      Things You Need to Know About SUV Car Insurance

      07 Dec 2023

      If you are planning to buy an SUV car, it is also essential that
      Read more
      All You Need To Know About Hatchback Car Insurance

      05 Dec 2023

      Investing in a hatchback can be a great option if you are looking
      Read more
      Does Your Car Insurance Cover Damages By Rat Attack?

      29 Nov 2023

      Considering the population of rats in our country, it is common to
      Read more
      All You Need to Know About Standalone OD Insurance

      29 Sep 2023

      The concept of Own Damage(OD) is not a new one. For those of us
      Read more
      Your Guide to Reducing the Chances of a Rejected Motor Insurance claim

      29 Sep 2023

      Filing a motor insurance claim can be a complex process, and
      Read more
      Check Vehicle/Car Insurance Status Online on Parivahan Sewa, Vahan, IIB & RTO
      It doesn’t matter if you are an excellent driver or take your car out only once in a few months, your car must be
      Read more
      How to Find Car Insurance Details by Registration Number?
      As a car owner, it is mandatory to have a car insurance policy under the Motor Vehicles Act 1988. However
      Read more
      Getting Your Duplicate Car Insurance Policy is Easy-Here’s How!
      Losing your car insurance documents can be daunting. In such a state of affairs, the first thing that comes to your
      Read more
      How to Transfer Car Insurance Policy?
      An integral part of selling a car for both the buyer and the seller is ensuring a successful car insurance transfer
      Read more
      Comprehensive Insurance Vs Third Party Insurance
      A comprehensive car insurance policy offers protection against third-party liabilities and own damages sustained by
      Read more

      top
      View Plans
      Close
      Download the Policybazaar app
      to manage all your insurance needs.
      INSTALL