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Motor Insurance is an insurance policy designed to cover accidental damage to vehicle & to cover legal liability towards third party. It is for all motorized vehicles plying on public roads.
It covers accidental damage to your vehicle and insure against any third party liability.
Yes, all the vehicles plying on public roads are to be covered against mandatory third party liability.
Yes, the insurance policy of other insurer can be renewed with SBIG.
Discount given on renewal of insurance in case there is no claim lodged on the policy during one full year.
Discount rate shall be as per following slab:
|Preceding Consecutive Claim Free Years||Discount on Own Damage Premium|
|5 or more years||50%|
Yes, it can be renewed post satisfactory inspection of the vehicle.
You can either transfer the insurance policy to the new owner or can cancel the policy.
Yes please approach the nearest branch with a written request. A nominal fee is charged for issuing duplicate policy copy.
CNG/ LPG kit can be covered in insurance policy on payment of additional premium. The kit so installed should be added to the RC of the vehicle.
Yes, policy can be cancelled and unused premium can be refunded on short period basis provided alternate insurance proof is provided and there is no claim in the policy. In case of claim in the policy no refund shall be there.
Yes, it shall be incorporated in the policy document under heading financer details.
Intimate us via toll free number 1800 22 1111 or SMS Claim to 561612
The general checklist is as follows: