SBI GENERAL THIRD PARTY CAR INSURANCE

SBI GENERALs THIRD PARTY CAR INSURANCE 

About

SBI GENERAL Insurance Company Limited is a joint venture between State

Bank Of India and Insurance Australia Group (IAG). Sbi owns 70% of the total

 capital. Other investors are Asset Management co.Ltd and Premji Invest and

 Warburg Pincus.

SBI GENERALS THIRD PARTY CAR INSURANCE:-

In India, it is mandatory to have at least a third-party car insurance cover. A third-party insurance policy is the most basic and simple type of insurance, which offers compensation in case of injury/death of a third party and third party property damage up to the amt 7.5 lakh. The amount of compensation for the third party in case of death of a third party entirely depends on age, his monthly income, and no of dependants.

SBI GENERALs THIRD-PARTY CAR INSURANCE BENEFITS.

The benefits are-

1)  provides legal cover as well as financial assistance.

Sbi generals Third-party car insurance provides legal support in case of death or disability to the third person or party and also provides coverage for any loss or damage to the third person's property Up to 7.5 lakh. Third-party car insurance protects the owner-driver and provides legal coverage to the motor vehicle.

2) Easy and very simple process to take third party car insurance-

Sbi generals Third-party car insurance policies are very easy to access and very easy to buy and renew. Anyone who has sound knowledge of the internet can buy or renew a policy online because of the online process, it is easy to process and time-saving.

3) Unlimited cover to the third party-

In case of an accident that causes bodily injuries or loss of life, the third person cover is unlimited. The amount of compensation is borne by the insurance company once the court decides on the amount.

WHAT IS COVERED UNDER SBI GENERALs THIRD-PARTY CAR INSURANCE POLICY?

Sbi generals Third-party car insurance provides legal liability in case of death or disability to any third person. It also provides coverage for any loss or damage to the third person's property. The coverages are:-

1) PROPERTY DAMAGE- Third-party car insurance ensures that the insurance company will pay for the damages to the third person, and hence the insured can safely step out of this situation such as an accident.

2) DEATH- In some situations, if you are involved in an accident, which causes the death of a third party, then you are responsible for this unfortunate event. In such cases, you do not have to worry because your insurer takes care of this matter. In such situations, the claims are settled as per the court tribunals. the court will decide the compensation as per the earning capability of the third party, his age, no of dependents, etc.

 3) BODILY INJURIES-  Medical coverage is offered for all types of bodily injuries, no matter how intense the injuries of a third party. SBI GENERAL understand that the events are caused unfortunately or unintentionally and these events cannot be controlled .hence insurer reduce the stress of the insured person by offering them financial support.

4) Unnamed passenger cover- AS an owner of a car, you are responsible to pay for injuries that may come to your passenger. The compensation for the passengers is RS50000, RS100000, and RS200000 per person as per seating capacity.

5) Owner driver cover-

the owner-driver cover also known as personal accident cover is only for the owner-driver .it is up to the amount of 15 lakh.

6) Paid driver cover- Amt of Rs 50 has to be paid as an add-on for buying paid driver cover. in this cover, the insurer pays compensation to your driver in case of death or injury. The compensation depends upon the age, monthly income, and dependants of the driver.

HOW TO PURCHASE SBI GENERALs THIRD PARTY CAR INSURANCE -

Step 1. Go to the online website of https://quickinsure.co.in/

Step 2. Click on car insurance

Step 3. Enter your REGISTRATION no. According to your RC

Step 4. You will find a quotation for car insurance from Sbi generals and other insurers.

Step 5. You can select the quotation of Sbi generals and fill out the proposal form.

Step 6. Once you verify your information, you click on the "pay now" icon and once the payment is made, you will receive the pdf of your policy on your mail ID.

EXCLUSIONS-

EXCLUSIONS IN THE SBI GENERAL THIRD  PARTY POLICY  ARE-;

1) Damages caused to yourself and your vehicle during an accident.

2)Third-party insurance also does not provide any compensation if there is a drink and drive case.

3) Third-party car insurance also does not provide any compensation if there is a drink and drive case and the vehicle was used for any commercial purpose or illegal activities

4) damage To your vehicle due to terror attack, war, foreign enemy action,

to your vehicle is excluded under third-party car insurance.

FAQ,s

1. What is the premium slab for SBI GENERAL third-party car insurance?

 

Description of vehicle	Proposed Rates (FY 2021-22) Rs.
Private cars with engine capacity
Not exceeding 1000 cc	2,072
Exceeding 1000 cc but not exceeding 1500 cc	3,221
Exceeding 1500 cc	7,890

2)How can I buy Sbi general third-party car insurance?

You can buy  Sbi general  third-party car insurance through quickinsure insurance brokers online from  https://quickinsure.co.in/

By following the following steps-:

Step 1. Go to the online website of https://quickinsure.co.in/

Step 2. Click on car insurance

Step 3. Enter your REGISTRATION no. According to your RC

Step 4. You will find a quotation for car insurance from  Sbi generals and other insurers.

Step 5. You can select the quotation of  Sbi generals and fill out the proposal form.

Step 6. Once you verify your information, you click on the "pay now" icon and once the payment is made, you will receive the pdf of your policy on your mail ID.

3) what is an easy mode for buying third-party car insurance in Sbi general?

The online method is the most common use mode of buying third-party car insurance.

you can buy the Sbi generals  third party car insurance through quickinsure

 insurance  brokers Pvt Ltd. https://quickinsure.co.in/

4)Who owns Sbi general insurance?

SBI GENERAL Insurance Company Limited is a joint venture between State

Bank Of India and Insurance Australia Group (IAG).