SBI General Insurance

State Bank of India General Insurance needs no introduction as it is one of the most reputed general insurance companies in India. SBI General Insurance Company offers a plethora of insurance products and caters to the various needs of its customers. The insurer has its presence in more than 350 locations in India. We will have a look at the different types of insurance products that the insurer offers and its benefits. 

Popular Insurance Products Offered by SBI General Insurance Company

SBI Motor Insurance Policy 

If you own a vehicle then it is mandatory for you to own a valid motor insurance policy as per the provisions stated under Motor Vehicles Act, 1988. Whether you own a car or a bike, you can visit the official website of the insurance company or the insurer’s nearest branch and purchase a motor vehicle plan which you feel will be suitable for you. We will have a look at some of the features of a motor insurance policy offered by SBI General Insurance Company. 

• A motor insurance policy not only provides you cover in case your vehicle gets lost or damaged but also ensures that it covers any third-party liability in case you cause any sort of damage to a third part or his/her property due to the involvement of your vehicle. 
• Provides cover for the loss of the vehicle key. 
• Loss of personal items kept in your vehicle is also covered. 
• Provides cover to paid drivers and employees. 
• A personal accident cover is provided in case of a road accident which results in you getting injured or in your death. 
• Zero depreciation cover. 
• No-Claim Bonus protection. 
• Bi-fuel kit. 
• Return to invoice. 

SBI Health Insurance Policy 

You can never be sure when you may be diagnosed with a serious medical condition and with medical inflation expected to rise over a period of time, it has become important that you purchase a health insurance policy. A health insurance policy ensures that your savings remain intact as it covers the medical expenses that you will incur in case you are to be hospitalised due to a medical condition that you have been diagnosed with. If you are looking to purchase a health insurance policy, you can surely consider SBI Insurance. We will have a look at some of the features that a health insurance policy offered by SBI Insurance offers: 

• You are not required to undergo any medical examination if you are below the age of 45 years or do not have any medical history. 
• You are offered coverage ranging from Rs.50,000 to Rs.5 lakh. 
• Not only you but also the members of your family are provided coverage under the Family Floater Plan. 
• There are flexible plan options offered – Rest of India, Metro Plan, and Semi Metro Plan. 
• You can also renew the policy to continue enjoying its benefits. 
• Pre-hospitalisation coverage of up to 30 days and post-hospitalisation coverage of up to 60 days are provided. 
• You can enjoy tax benefits under Section 80D of the Income Tax Act, 1961. 
• You get a free medical checkup in case you did not make any claim for 4 policy years with a maximum limit of up to Rs.2,500. 
• You can also avail various types of add-on covers and include removal of sub-limits on consultancy charges, ICU room rent, etc. 

SBI Travel Insurance Policy 

When you are travelling, you would surely want your trip to be smooth. However, you can never predict any unforeseen event that may strike you and your family. Hence, it is always advisable to purchase a travel insurance policy as it takes care of medical and other financial expenses. Thus, you can purchase a travel insurance policy from SBI Insurance Company. We will have a look at some of the features of travel insurance policies offered by the insurer: 

• You are offered a medical coverage of up to $0.5 million. 
• Settling of claim is fair, quick, and transparent in nature. 
• Comprehensive coverage is offered. 
• You are offered round the clock assistance and given worldwide protection. 

SBI Home Insurance Policy 

Having a house of your own is a long-term dream for which you work hard to ensure that the dream comes true. Once you have had a house of your own, it is important to protect it by purchasing a home insurance policy. If you own a house and want to insure it then you can surely consider purchasing a home insurance policy from SBI Insurance Company. Some of the features of an SBI home insurance policy are: 

• You can purchase a home insurance policy which offers you coverage for up to 30 years. 
• Home insurance policies offered by SBI Insurance Company comes with an in-built coverage in case of an earthquake. 

Hence, these are some of the products that you can avail from the SBI General Insurance Company. It is important that you evaluate your insurance needs and compare the various plans. Once you have conducted thorough research, only then should you go ahead and purchase an insurance policy which you feel will be suitable for you.