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A joint collaboration between the Insurance Australia Group and State Bank of India, SBI General Insurance company limited is a leader in insurance services. SBI has as many as 17,274 branches across the country and is one among the top players in the market. They offer car insurance services apart
|Third-party Cover||Up to Rs.7.5 lakhs|
|Cashless Network Garages||NA|
|Incurred Claim Ratio 2017-18||91.75%|
|Net Earned Premium 2017-18||Rs. 738.09 crore|
|Hassle-free claim settlement|
|Number of discounts|
|No claim bonus|
|Customer support team|
Let us take a look at the add-on options provided by SBI:
Loss or damage caused due to:
||When the policyholder uses the vehicle contrary to mandated instructions|
|Loss due to theft, robbery, and other manmade calamities such as strike, riots, terrorist activities, accidental external damage||Accident due to intoxication|
|Damage caused due to travel by road, air, elevator, inland waterway||Damage due to own negligence|
|Third-party liability in cases of injury, death or damage||Mechanical or electrical breakdown|
|Personal accident cover||Loss due to nuclear risks|
|War related risks|
|Loss of accessories by theft|
|If used/driven outside geographical area|
|Age of vehicle||% of depreciation|
|Not exceeding 6 months||5%|
|Exceeding 6 months but not exceeding 1 year||15%|
|Exceeding 1 year but not exceeding 2 years||20%|
|Exceeding 2 years but not exceeding 3 years||30%|
|Exceeding 3 years but not exceeding 4 years||40%|
|Exceeding 4 years but not exceeding 5 years||50%|
SBI offers customer country-wide cashless garages services where customers can avail the benefit of direct services without any hassles. All you need to do get your towed to the nearest network garage or drive it, if it is in a condition to be driven. In order to locate the closest empanelled cashless network garage, log on to the SBI General Insurance website, go to the cashless garages section and you will get details about the nearest garage in your city. This comes as an advantage for many policyholders as t gives them the flexibility, removes dependency and makes it easier for planned repair work to be carried out. SBI has a wide network of cashless garages across the country.
With everything going online with insurance, even the claim making process has become speedy, convenient and hassle-free, thanks to online facilities that are available 24/7. All you have to do is understand the basic process of how to initiate a claim and have in place all documents that the insurance company seeks from you. First of all, inform the insurance company when you want to make a claim. A 24/7 claims team will be in touch with you at every stage of the process and will help you solve any kind of queries.
The insurance policyholder can either make cashless claims or claim reimbursement, depending on the nature of the incident. Cashless claim services can be availed directly from the concerned network garage. When it comes to reimbursements, you can claim the amount after the expenses have been incurred. The policyholder has to submit all bills and invoices to make a claim under this type of claim method. In some instances such as theft, accident or third-party damage, it is a must to file an FIR at the nearest police station immediately. To file for a claim call their toll-free number or write to their official email-id. Customer service executives will be available to solve any claim related queries.
Let’s explore the cashless claim process:
Let’s explore the reimbursement claim process:
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