Brand new Car
Renewal Car Insurance of SBI General Insurance.
SBI General Insurance Company is a joint venture between the State Bank of India and the Insurance Australia group. It was founded on 24 Feb 2009 and has headquarters in Mumbai, Maharashtra.SBI General Insurance company offers a wide range of general insurance products in retail and commercial space at affordable prices to make insurance accessible to all individuals and businesses last but not least SBI's mission is to provide simple and innovative general insurance solutions, to be responsive to their customers.
What is a renewal of policy in SBI general Insurance?
A car insurance policy needs to be renewed periodically. For a new car owner, the first car insurance policy period is required to be 3 years and subsequent policies can have a tenure of 1 year. The complications that an expired car insurance policy may land you in can be exhausting, mentally, and financially. Hence, it is important to remain proactive and have checks in place to ensure your car insurance doesn’t lapse.
What are the Benefits of renewing your policy with the same company?
1. Availability of CPA cover-Renewing car insurance with SBI gives the availability of compulsory Personal Accident cover Up to Rs.15 lakh as well as optional unnamed passenger cover from 50k to 2lakh.
2. Transfer NCB benefit- SBI general insurance will give the option to transfer the full benefit of No Claim Bonus while shifting policy from another insurer.
3 . Range of Add-on cover-This company will give a range of add-on covers including the return to invoice cover.
4. SBI car insurance has the best transparent working and operations.
What happens if the policy gets expired?
In Third-party insurance- SBI General Car Insurance Policy provides for legal liability coverage for the third party as well which is mandatory by Motor Vehicle Act 1988.
In comprehensive car insurance- If a comprehensive car insurance policy gets expired then you will not only lose the benefit of NCB but also your car need to be inspected after inspection you are liable to get insurance of car. Comprehensive car insurance also offers personal accident cover.
In StandAlone Own damage Car insurance- From 1 Sep 2018 Standalone own Damage act has come into the act. Your stand-alone own damage policy gets expired and suddenly your car gets damaged due to an accident then your losses will not cover hence SAOD car insurance is important.
What Documents are required for inspection?
The following documents need for inspection are as follows-
RC copy of the car
Previous year policy copy
Car’s Photos according to the requirement
Inspection of a car need to be inspected between 10 am to 6 pm in a vacant place.
What can you do if your policy expires?
-Contact Online Quickinsure insurance brokers https://quickinsure.co.in/ to know the further process of renewal
-Avoid driving a car till you get a new policy because your policy expired and you don’t have any protection right now.
-For renewal, you need to visit https://quickinsure.co.in/ and decide which policy is suitable for you.
-You need to have your previous year's policy for further documentation or renewal.
-After the expiration of the policy, you need to face an inspection for your vehicle. Inspection is needed to decide whether your vehicle qualifies for insurance or not. After a successful inspection, your vehicle is eligible for renewed new insurance.
1. What if I do not renew my car insurance policy on time?
It is highly recommended to renew your car insurance policy on time so that you can continue to enjoy its features and benefits. Also having at least third-party liability cover for your car is mandatory.
2. Do I need to submit any document of a car during car insurance policy renewal in SBI GENERAL?
When you renew your car insurance policy online, there is no need to give any document and you just have to enter your basic details of the car after that, you can proceed with payment online and get your policy renewed.
3. Do I need to pay for the No Claim Bonus Discount in SBI GENERAL?
No, For No Claim Bonus Discount you didn’t need to pay in SBI GENERAL. It will be offered by the insurance company to policyholders as a reward for not raising any claim during the policy tenure.
4. Will SBI GENERAL provide add-on cover in policy while renewal of car insurance policy?
Yes, SBI GENERAL will provide add-on cover while renewal of car insurance policy. Add-ons like Zero-depreciation, Roadside assistance, etc.