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SBI Comprehensive Car Insurance Overview

There are types of SBI Comprehensive plan

Comprehensive coverage

SBI Car Insurance provides comprehensive coverage under which the policyholder gets third party liability along with insured vehicle coverage. The insured vehicle cover protects the policyholder against:

  • Damage caused due to man-made calamities like fire, theft, burglary, terrorist activity or any malicious act
  • Damage caused to the vehicle due to natural calamities like flood, earthquake, fire, cyclone, landslide, hailstorm, rockslide, etc.
  • Damage caused to the vehicle due to external factors like fire, self-ignition, accident, etc.
  • Damage caused during transit by rail, road, airways, waterways, elevator or lift.

SBI Claim Settlement Ratio




Industry Average

Car claim settlement ratio is the percentage of claims settled against the total claims received by the insurance company in a given fiscal year. SBI has a claim settlement ratio of 98%, as compared to the industry average of 94.67%.

SBI Premium Calculator

Use our SBI car insurance premium calculator to estimate SBI car insurance premium for your car within 30 seconds

Add-ons Available Under SBI Car Insurance Plans

Add-ons are additional coverage benefits which can be chosen voluntarily by paying an additional premium. Add-ons help increase the scope of coverage of the Car insurance policy. SBI Car insurance plans offer the following types of add-ons with the comprehensive policy:

The policyholder can enjoy the cover for CNG, LPG bi-fuel kit after payment of extra premium

Every vehicle has a depreciated value which is deducted from the claim. This add-on cover protects the policyholder and allows a full claim of the damage or repair cost. This allows the policyholder to get the damaged parts replaced with new ones. Battery, tyres and tubes are exempted from zero depreciation cover

No Claim Bonus is the bonus for zero claims during a policy term and the discount is availed upon renewal of the policy. The discount rate increases with each no claim year. No Claim Bonus protection saves you from waiver of the No Claim Bonus even if you have made a claim by protecting you for the claim and lets you enjoy the discount on the premium

This add-on cover provides you coverage for loss or theft of keys by compensating for the cost of repair or total replacement of the lock but within specified limits and when the replacement or repair was done in the authorized network garage of SBI insurance. The SBI Car Insurance will reimburse the replacement cost of up to INR 65,000 one time during the term of the policy subjected to the condition of co-share of 10% replacement cost or minimum INR 500.You can avail this given the following conditions:

  • Deposit all the duplicate or spare keys to the insurance company, in case of theft or losing the keys
  • Deposit keys if the vehicle lock has been broken for burglary
  • Submit the copy of the FIR to confirm the date of the incident
  • Replacement is allowed only once during the term of the policy

Under this add-on cover, the SBI Car Insurance compensates for the loss or damage to the personal belonging in the car, of the policyholder provided the following conditions

  • In case of loss or damage to the personal belongings of the policyholder only
  • Submission of copy of FIR to confirm the date of the incident
  • It includes personal belongings like clothes, jewellery, laptop, mobile, tapes, etc. and excludes belongings like credit/debit cards, money, cheque, security papers, tickets, etc.
  • The maximum amount under this add-on cover is INR 50,000 with subjected deductibles ranging between INR 500-5000

SBI Car Insurance allows daily allowance or daily cash to the policyholder when the insured vehicle is in repair under this add-on cover provided

  • The insured vehicle is in repair for more than 3 days
  • The policyholder gets the daily cash benefit for maximum 10 days when the vehicle is under repair for over 3 days
  • The repair is carried out in the network garage of SBI insurance
  • This cover is allowed only twice for own damage during the tenure of the policy.

This add-on cover allows the policyholder to receive the difference between the claim paid and the actual amount of the car or the invoice value, when the claim is made. In simple words, the insurance company pays for any shortfall of registered insured amount received by the policyholder and the purchase price along with the first-time registration charges as mentioned in the invoices in case of theft or total loss of vehicle during the term of the policy.

SBI Car Insurance also offers protection against consequential damages to gear box and its parts and engine due to water ingression, oil leakage. This cover helps in transporting the vehicle or towing it to the garage within two days of water receding from areas logged with water. Under this add-on cover, losses covered in recall campaign and manufacture warranty are excluded.

This add-on cover compensates the policyholder for expenses incurred towards consumable items damaged due to causes covered under the policy. The consumable items include screw, bolt, grease, washer, lubricants, gearbox oil, AC gas, bearings, distilled water, engine oil, oil filters, break oil and fuel filters.

SBI Car Insurance also provides additional and basic roadside assistance to help in towing the vehicle under certain circumstances. Towing assistance is provided for electrical and mechanical breakdown and cases like:

  • Dead battery
  • Flat tyre
  • Running out of fuel
  • Vehicle keys locked inside the car, etc.

This add-on cover pays the EMI for the insured vehicle to the financial institution for the duration during which the vehicle is under repair in the garage because of damages caused by reasons covered under the policy. This is applicable when the repair time is more than 21 days. The SBI Car Insurance will pay the sum insured or maximum two month’s EMI, whichever less. This benefit covers only one-time incidents.

This add on cover compensates for the expenses of replacement or repair of tyre and tube damages, and damaged rim. This also covers any charges paid for the service or to the labor. The condition under this add-on is that it covers only RUN FLAT technology manufactured tyres.

How To Raise A Claim Under SBI Comprehensive Car Insurance

How to claim SBI Car Insurance Plans?

The claiming process of SBI Car Insurance is mentioned below for you to have a better understanding of the process:

  • Intimate the insurance company about the incident and lodge a claim
  • You will be provided a claim reference number
  • Download the claim form from the website and submit the duly signed form with the following documents
    • Registration certificate
    • Copy of the driving license
    • Copy of the FIR in case of third-party damage or injury
    • Details of the third-party damage
  • A surveyor will access the loss after inspection and approve the amount of the claim
  • The repair work will be monitored by the surveyor. Submit the original receipts and invoice in case of reimbursement for cashless services

Documents Required For Claims

Download the claim form from the website and submit the duly signed form with the following documents:

  1. Registration certificate
  2. Copy of the driving license
  3. Copy of the FIR in case of third-party damage or injury
  4. Details of the third-party damage

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