SBI General Car Insurance renewal

A comprehensive guide on the benefits of renewing car insurance policy with SBI General Insurance, and how you can renew the policy online.
Get Quote
SBI General Car Insurance renewal
Get Quote
3 Mins
25-July-2023

Owning a car insurance policy is a must for every vehicle owner in India. But it is equally important to ensure you renew your car insurance in time. If the validity of the car insurance lapses, you lose out on a lot of benefits. Also, if any mishap occurs while the policy is not effective, then you might have to end up paying for the damages, which could be expensive. Therefore, stay secure all time by renewing your car insurance policy in time with SBI General Insurance. The process for SBI general car insurance renewal is easy and quick.

Here's a detailed guide on the benefits of renewing the SBI car insurance and the renewal process.

SBI General Car Insurance renewal – Key features

SBI General Car Insurance offers a comprehensive range of car insurance policies that cater to the diverse needs of customers. Here’s a quick look at the features of SBI General Car Insurance.

Features

Specifications

Own damage cover

Covered with comprehensive car insurance

Third-party liability/insurance

Covered/available

Personal accident cover

Covered up to Rs. 15 lakh

Add-on covers

Offered with comprehensive car insurance


Here are some of the features of SBI car insurance renewal in detail

Hassle-free renewal:

SBI car insurance renewal process is very simple and hassle-free. You can renew your policy online or offline at your convenience.

Comprehensive cover:

The plan covers own damage and third-party liabilities. SBI General Car Insurance covers you against accidents, thefts, natural disasters, etc. You can also customise your car insurance policy according to your requirements.

Cashless claim settlements:

SBI General Insurance offers cashless claim settlements in over 6,000 network garages across India.

Personal accident cover:

SBI car insurance offers personal accident cover for the owner-driver. It compensates the insured in case of disability or death due to an accident.

No Claim Bonus (NCB):

SBI Car Insurance offers up to 50% NCB on car insurance renewal for having claim-free years.

Benefits of SBI General Car Insurance renewal

Here are the benefits of renewing the SBI General Car Insurance.

Continuity of coverage:

Upon renewing your SBI Car Insurance in time, you ensure that there is no break in coverage. You stay covered against any unforeseen circumstances that may arise during the policy term.

Cost-effective:

Renewing the SBI car insurance policy can come with a cheaper premium, as you can avail of the NCB benefit. It reduces the premium amount based on the number of claim-free years.

Flexibility:

Customise your policy according to your needs. You can opt for add-on covers like zero depreciation, engine protection, return to invoice, etc.

24x7 customer support:

SBI General Insurance offers 24x7 customer support to policyholders. You can contact them for any assistance during the policy term.

The step-by-step renewal process of SBI general car insurance policy online

Follow the below steps for SBI car insurance renewal online:

  • Visit the SBI General Insurance website.
  • Click on the ‘Renew Policy’ option under the ‘Car Insurance’ tab.
  • Enter the policy number or vehicle registration number and click on ‘Renew Now’.
  • Review the policy details and select or customise the policy as per your requirement.
  • Pay the premium amount online via debit/credit card, net banking, or any other payment option.

On successful payment, you will receive the SBI car insurance renewed policy documents on your registered email ID.

Steps to renew SBI car insurance offline

You can also renew your SBI Car Insurance policy offline by following these steps:

  • Visit the nearest SBI General Insurance branch.
  • Carry the existing policy documents and vehicle registration papers.
  • Fill out the application form for SBI car insurance renewal.
  • Pay the premium amount through cash, cheque, or demand draft.
  • On successful payment, you will receive the policy documents.

How can you buy a car insurance policy through Bajaj Finance Insurance Mall?

A step-by-step guide to buying car insurance on Bajaj Finance Insurance Mall.

Step 1: Visit Bajaj Finance Insurance Mall and view the car insurance plans offered by leading motor insurance companies.

Step 2: Click on 'Get Quote’ to open the online application form.

Step 3: Enter the vehicle type, two-wheeler registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.

Step 4: Choose the IDV, NCB value, add-on covers, and plan type to get a list of relevant policies. You need to update your current policy expiry date here.

Step 5: Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.

Step 6: Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on ‘Proceed’.

Step 7: Enter vehicle owner’s name, date of birth, residential address, and contact number. Also, enter vehicle engine and chassis number (as per the RC) and previous policy details.

Step 8: Review your previously filled details for SBI car insurance and make the payment through your preferred online payment mode. You can use net banking, UPI, credit/debit card to buy the policy.

Renew your policy on time to avoid any financial losses in case of an accident or other unforeseen circumstances.

Frequently asked questions

How long does it take to renew a car insurance policy with SBI?

The SBI car insurance renewal process is very quick and hassle-free. Renew your policy online within a few minutes. Once you make the payment, you will get the policy documents on your registered email ID immediately.

Can I pay the renewal fee in cash?

Yes, you can pay the renewal fee in cash if you are renewing your policy offline at an SBI General Insurance branch. You can also pay the premium amount using other modes of payment like cheques, demand drafts, or net banking. For SBI car insurance renewal online, you can pay the premium amount using various online payment options like debit/credit card, net banking, UPI, or e-wallets.

Related Videos

Disclaimer

Insurance is the subject matter of solicitation. *T&C Apply - Bajaj Finance Limited (‘BFL’) is a registered corporate agent of third-party insurance products of Bajaj Allianz Life Insurance Company Limited, HDFC Life Insurance Company Limited, Future Generali Life Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, SBI General Insurance Company Limited, ACKO General Insurance Limited, ICICI Lombard General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, Tata AIG General Insurance Company Limited, Niva Bupa Health Insurance Company Limited, Aditya Birla Health Insurance Company Limited, Manipal Cigna Health Insurance Company Limited and Care Health Insurance Company Limited under the IRDAI composite CA registration number CA0101. Please note that, BFL does not underwrite the risk or act as an insurer. Your purchase of an insurance product is purely on a voluntary basis after your exercise of an independent due diligence on the suitability, viability of any insurance product. Any decision to purchase insurance product is solely at your own risk and responsibility and BFL shall not be liable for any loss or damage that any person may suffer, whether directly or indirectly. Please refer insurer's website for Policy Wordings. For more details on risk factors, terms and conditions and exclusions please read the product sales brochure carefully before concluding a sale. Tax benefits applicable if any, will be as per the prevailing tax laws. Tax laws are subject to change. Tax laws are subject to change. BFL does NOT provide Tax/Investment advisory services. Please consult your advisors before proceeding to purchase an insurance product. Visitors are hereby informed that their information submitted on the website may also be shared with insurers. BFL is also a distributor of other third-party products from Assistance Services providers such as CPP Assistance Services Pvt. Ltd., Bajaj Finserv Health Ltd. etc. All product information such as premium, benefits, exclusions, sum insured, value added services, etc. are authentic and solely based on the information received from the respective insurance company or the respective Assistance service provider company.

Note – While we have made all efforts and taken utmost care in gathering precise information about the products, features, benefits, etc. However, BFL cannot be held liable for any direct or indirect damage/loss. We request our customers to conduct their research about these products and refer to the respective product’s sales brochures before concluding their sale.