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SBI General Insurance

SBI General Insurance Company Limited, a joint venture between State Bank of India and Insurance Australia Group (IAG), commenced its operations in the year 2010. SBI General Insurance follows a powerful multi-distribution model encompassing Bancassurance, Retail Direct Channels, and Agency Broking. It also enjoys the largest banking franchise in India. SBI is considered India’s largest & premier commercial Bank in terms of balance sheet, profits, assets, deposits, branches and employees.

SBI General Insurance has its reach in nearly 21000 branches of State Bank Group

SBI is amongst the world’s largest banks and has now started exploring other new business with tie ups in General Insurance, Private Equity, Mobile Banking, Pension Funds etc. The Company is led by Bhaskar Jyoti Sarma who is the CEO and Managing Director of SBI General Insurance.

Interesting Facts of SBI General Insurance

SBI General’s Distribution channel includes over 19,000 IRDA certified employees and over 8000 Agents covering even the remote areas of the country.
It’s geographical reach covers over 100+ cities across India and over 350+ locations through satellite resources
SBI serves three key segment customers retail, corporate and SME
Claims Ratio for Financial Year 2018-19:
- Motor: 87%
- Health: 52%

Health Insurance Plans in June 2025

Tab 1

Tab 2

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Reliance General Insurer

Amount Covered: ₹ 1 Lakh

Deal Price: ₹ 2,094 / Year

Waiting period: 4 yrs

SBI General Insurance Products and Services

Health Insurance

The Key features of SBI Health insurance policy consist of the following:

It offers wide range of coverage from Rs. 50,000 up to Rs. 500,000.
One does not need a medical check-up up to the age of 45 for people with no medical history.
Your current Health Insurer policy (any insurer) can be renewed with SBI Health Insurance.
The premium paid towards the policy is exempted under section 80D of the Income Tax Act.
Pre and Post hospitalization expenses are covered (30 days before and 60 days after hospitalization).

SBI General Insurance Company also offers a host of Health Insurance plans that are best suited for all individual, family types and renders critical illness policy.

SBI Health Insurance helps you to maintain financial balance by giving financial protection during hospitalisation. With the rising health care cost and medical inflation, it has become imperative to have a health insurance.

Arogya Premier Policy: As the name suggests, it is a premier health policy for high net worth individuals who are looking for wider medical coverage of INR 10,00,000 to INR 30,00,000. It covers ambulance charges of INR 1,00,000 including air ambulance. Traditional Indian alternative treatments like Ayurveda, Unani, Siddha & Homeopathy are also covered. Maternity expenses have a waiting period of 9 months. Reinstatement of sum insured up to 100% and no claim bonus are some of the prime features of this policy.
Arogya Plus Policy: It is a basic health insurance policy which can be bought for individual or for family. It has sum insured option of INR 1, 2 and 3 Lakhs. 60 and 90 days of pre and post hospitalisation and 142 day care procedures are covered in this policy. No pre-medical test is required for people up to the age of 55 years with no medical history. Minimum entry age is 3 months and maximum is 65 years. There is no exit age in this policy. A policy term option of 1, 2 or 3 years are available in this health policy.
Arogya Top Up Policy: This policy is designed to reinstate sum insured for payment of additional premium in case the cost of medical expenses rises. The plan offers wide coverage option of INR 1, 00,000 to 50,00,000 with a deductible option of INR 1 to 10 lakhs. People with age of up to 55 years with no medical history do not require pre-medical test for this policy. Alternative treatment of Ayush is also covered in this policy.
SBI GENERAL'S Group Health Insurance policy: This health insurance policy is meant for both individual and family. It offers wide coverage of INR 1, 00,000 to INR 5, 00,000. It has one year waiting for specific disease and 4 year waiting for pre-existing diseases. No pre-medical test is required for people under the age of 55 with no medical history. The policy offers cashless treatment in over 3000 network hospitals.
Critical Illness Insurance Policy: This critical illness policy has been designed to protect you financially by offering coverage against 13 most critical illness. Minimum entry age is 18 years and maximum age of entry for this policy is 65 years. It has two durations available that is one year and three years. Total sum insured available is up to INR 50, 00,000. The policy offers a free look up period of 15 days.
Hospital Daily Cash: This policy provides you fixed allowance irrespective of actual medical cost in the event of hospitalisation. The expenses like food and travelling which are not covered in normal health policy can be covered in this policy. The policy has an entry age of 18 to 65 years and children from the age of 3 months are covered provided both the parents are also simultaneously covered. The plan has two options of 30 and 60 days of coverage.

Motor Insurance

SBI motor insurance policy not only helps you to keep your vehicle legal on Indian roads by having a valid insurance but also protects you financially if you are ever hit by an accident or a theft situation.

Motor Insurance Plan – Third Party Liability Policy: Apart from the Motor Private Car Insurance policy, it also offers only Third Party Liability (TP) policy. In case you are not keen on investing in SBI Private Car Insurance policy (comprehensive), the SBI Third party Liability Insurance can take care of your needs. It protects you from any legal liability due to the involvement of your own car in an accident. Third Party policy will compensate for death, disability, injury or sizeable property damage to a third party. However, the Motor Private Car Insurance policy is always recommendable as it covers both your car and the third-party liability.
Private Car Insurance: This policy gives you the mandatory cover of third party liability required as per the Motor Vehicles Act, 1988. It offers coverage against any loss or damage occurred to vehicle by natural and man-made calamities. The policy further has additional riders which can be attached to the policy for extra premium. Some of the riders are NCB protection, return to invoice, key replacement, loss of personal belonging.
Two Wheeler Insurance: The SBI two wheeler policy has a mandate cover of third party liability. It covers your two wheeler against fire, explosion, accidental damage, natural causes, burglary, theft, riot, malicious act and terrorist activity. It also provides a personal accident cover of INR 1 lakh for individual owners having a valid driving license. It also has an option for covering pillion rider of the two wheeler for maximum Capital Sum Insured of Rs. 1 lakh. Accident cover limit can be increased for additional premium.
Long Term Two Wheeler Insurance: The two wheeler policy offers coverage as mentioned above but for a longer term period of two or three years with discounted premium. This ensures there are no hassles for annual renewals and any inflation does not affect its coverage. In case of a total loss or theft of the two wheeler during the first or second year of the policy period then a refund on pro- rata basis will be given of the remaining policy duration.

Personal Accident Insurance

SBI Individual Personal Accident Insurance policy:

Anyone can encounter unpleasant surprises like accidents, potentially upsetting one’s life and causing financial destitution to their loved ones and family. Therefore, to safeguard your family against such eventualities, it is imperative to take control of your life. With SBI General’s Individual Personal Accident Insurance policy one can cover the Loss of Life, Disabilities, and Income due to an Accident.

The Key features of this policy are as follows:
- People who are self-employed, salaried and business class people can opt for this insurance policy.
- One can avail the cumulative bonus.
- A benefit like Permanent Total Disability (PTD) comes with add-ons like Education Benefit & Adaptation Allowance at no additional cost.
- Add-on covers like Hospital Confinement Allowance and Ambulance charges are available.
SBI Personal Accident plan provides various coverage option like:
- Accidental death
- Accidental death + Permanent Total Disability (PTD)
- Accidental death + Permanent Total Disability (PTD) + Permanent Partial Disability (PPD)
- Accidental death + Permanent Total Disability (PTD) + Permanent Partial Disability (PPD) + Temporary Total Disability (TTD)
However, there are some exclusions to the plan like.
- An accident arising from suicide, attempted suicide (whether sane or insane), or intentionally self-inflicted injury, mental or nervous disorder.
- In case of participation in an actual or attempted felony, riot, crime, misdemeanor, or civil commotion.
- Any accident/loss arising out of insurrection, civil war, war, revolution hostilities (whether War be declared or not), or usurpation of government or military power.
Plan Options for SBI Personal Accident :
- The minimum coverage available under this plan is Rs. 1, 00,000 and the maximum coverage available is Rs. 1, 00, 00,000. The sum assured for Permanent Total Disability / Accidental Death Benefit is limited to 120 times monthly gross income or 10 times the annual gross earnings from gainful employment/occupation.
- Sum Insured for children dependent on you, your parents in law, non-working spouse, and dependent parents is limited to 20% of sum insured of primary Insured or Rs 10,00,000/- whichever is less.

Travel Insurance

There are some uncertainties involved which are unavoidable even after careful planning, whether you plan to travel alone, with business associates or family. Therefore, with SBI General’s Travel Insurance (Business and Holiday) comprehensive cover, you can cover yourself and family while journeying.

The Key Features of SBI Travel Insurance (Business & Holiday) policy consist of:

Offers medical coverage up to USD 0.5 million
This plan does not need a medical examination
Provides Worldwide protection & round the clock assistance
Transparent & quick cashless claim settlement

Some of the benefits and coverage options are mentioned below:

Section	Coverages	Benefits (in US $)	Deductible
A	Medical Expenses including Evacuation & Repatriation	50,000 to 5,00,000	US $ 100
A-i	Personal Accident	10% of Limit of cover under Section (A) subject to maximum 25,000	Nil
A-ii	Travel Support
	1. Loss of Passport	USD 2000 on floater basis	5% of claim amount
	2. Golfer’s Hole-In-One	USD 2000 on floater basis	5% of claim amount
	3. Home Burglary Insurance	USD 2000 on floater basis	5% of claim amount
	4. Loss of Checked Baggage	USD 2000 on floater basis	5% of claim amount
	5.Trip Cancellation	USD 2000 on floater basis	5% of claim amount
	6.Trip Curtailment	USD 2000 on floater basis	5% of claim amount
	7.Missed Connection	USD 2000 on floater basis	5% of claim amount

Home Insurance

SBI also provides home insurance with two of its most generous plans:

SBI General Long Term Home Insurance

We spend a lifetime dreaming about a home. Many of us also prosper in turning dreams into reality by seeking help from financial institutions. However, eventualities can bog you down anytime. Therefore, it is essential to keep your house secured all the time. With SBI General Long Term Home Insurance, one can easily protect their dream house. This policy will help you to protect your house from man-made and natural calamities.

Key Features of SBI General Long Term Home Insurance is as follows:
- One can buy a policy up to a period of 30 years.
- Provides in-built coverage for an earthquake.
Coverage offered: SBI General's Long-term Home Insurance Policy is crafted to cover loss or damage caused to the building used as residential homes due to fire and special perils. It also covers destruction of or loss/ damage to the insured property by any of the following risks:
- Lightning
- Storm, Cyclone, Typhoon, Tempest, Hurricane, Tornado, Flood and Inundation
- Riot, Strike, and Malicious Damage
- Subsidence and Landslide including Rockslide
- Earthquake (Fire and Shock)
- Missile Testing Operation
- Riot, Strike and Malicious Damage
Some exclusions to SBI General's Long Term Home Insurance Policy are:
- Destruction/Damage by own fermentation, natural heating or spontaneous combustion
- Consequential losses
- Electrical and Mechanical Breakdown
- Unspecified precious stones, cheques, currency, documents, etc. unless specifically declared.
- Electrical and Mechanical Breakdown
- Burning of Property by Public Authority

SBI General Simple Home Insurance Policy

With SBI General Home Insurance policy, you can cover protect your home structure, its contents, and other related risks. That includes worldwide coverage for theft, accidental loss, damage or destruction of personal baggage accompanying the Insured and/or his Family.

The Key Feature of the policy consist of:
- A choice to select the mix of covers that most suits the customer’s needs.
- Policy term up to 3 years
- Annual coverage for Terrorism (Rates and Terms as per Terrorism pool)
- Add on Covers available under Fire and Special Perils
Although there are a few exclusions to the policy like.
- Will not cover any consequential loss or loss, destruction, Damage or Bodily Injury due to:
  
  a) War, rebellion, revolution insurrection mutiny, seizure, capture, arrests, restraints, hostilities (whether war be declared or not), restraints and detainments of all kings, princess, and people of whatever nation, condition or quality what so ever
  
  b) Nuclear weapons material
  
  c) Consequential loss of any kind or description

Corporate Insurance

Miscellaneous:

Money Insurance - SBI General’s Money Policy covers theft of money or loss, destruction or damage caused by an accident. It is targeted at all businesses - large or small, across all segments and industries.
Plate Glass Insurance - SBI General’s Plate Glass Insurance indemnifies the insured in respect of: i) accidental loss of or damage to plate glass at the insured premises (occurring during the policy term), and ii) the cost of erecting a temporary boarding necessitated by such loss or damage to plate glass.
Burglary Insurance - SBI General’s Burglary Insurance covers property theft (content and stock) at business premises, following forcible or violent entry to the premises.

Motor Insurance:

Commercial Motor Insurance - SBI General’s Commercial Motor Insurance Policy covers the compulsory Third Party Liability (as required by Motor Vehicles Act) along with loss or damage to the vehicle itself.
Tractor and Other Farm Vehicles Insurance - SBI General’s Tractor and Other Farm Vehicles Insurance Policy provides protection to farming companions like tractors harvesters, reapers, threshers, chaff cutters, salvage corps vehicles, etc, along with personal accident cover to self and other family members who may use the vehicle.

Health Insurance:

Group Personal Accident Insurance - SBI General’s Group Personal Accident Insurance Policy covers loss of life as a result of an accident.
Group Health Insurance - SBI General’s Group Health Insurance provides cover for Room, Board & Nursing Charges, Medical Practitioner and Specialists Fees, Day Care Expenses, etc.

Fire Insurance:

Standard Fire and Special Perils Insurances - SBI General’s Standard Fire and Special Perils Insurances provides coverage for assets such as Building, Plant and Machinery, Furniture, and other immovable and movable assets against loss or damage caused by i) Fire ii) Lightning iii) Explosion / Implosion iv) Aircraft Damage, etc.
Consequential Loss (Fire) Insurance - SBI General's Consequential Loss (Fire) Insurance Policy covers profit lost following an interruption to business caused from damage to insured property.

Marine Insurance:

Marine Cargo Insurance - SBI General's Marine Cargo Insurance provides coverage for loss or damage caused to cargo whilst in transit between any two points by air, sea, road, rail or courier.

Package Insurance:

Industrial All Risks Insurance - SBI General's Industrial All Risks Insurance, as its name would suggest, covers all risks, subject to specific exclusions. The policy contains two sections - Section I - Material Damage and Section II - Business Interruption.
Business Package Insurance - SBI General's Business Package Insurance Policy contains seven covers in a single policy form. It includes Fire and Allied Perils (Compulsory), Business Interruption (Optional), Machinery Breakdown (Optional), Electronic equipment/appliances (Optional), Money Insurance (Optional) and Money Insurance (Optional).

Construction / Engineering Insurance:

Latent Defects Insurance Policy - SBI General's Latent Defects Insurance Policy indemnifies the insured in the event of collapse or damage to the insured property or any threat thereof caused by a latent structural defect of such covered property. The insurance cover is only offered for building and civil structures about to be constructed.
Electronic Equipment Insurance - SBI General's Electronic Equipment Insurance covers electronic equipment such as Computers, Medical, Biomedical Equipment, Audio Visual Equipment etc on all risk basis.
Contractors All Risk Insurance - SBI General's Contractors All Risk Insurance Policy offers comprehensive cover for civil engineering projects where the value of civil works is greater than 50% of the total contract value. The policy cover operates during storage, erection/construction until completion as well as the handing over of the works to the principal. Others:
Directors and Officers - SBI General's Directors and Officers Policy protects directors and officers against their liability to pay compensation to third party. This is with regards to loss from any wrongful act committed by them in their capacity as a Director and Officer for which they are not indemnified by the insured organization.
Motor Commercial (Trailer) - SBI General's Motor Commercial (Trailer) Policy covers compulsory Third Party Liability (as required by Motor Vehicles Act) with loss or damage to the Vehicle (Trailer) itself.
Trade Credit Insurance - SBI General's Trade Credit Insurance Policy covers the supplier of goods and services (excluding financial services) against payment delay or non-payment of trade credit due to commercial risks and political risks.
Commercial General Liability - SBI General's Commercial General Liability protects one against legal liability to pay compensation for injury or damage suffered by a third party due to normal business operations. The policy comprises of two sections: Section 1 – Public Liability and Section 2 – Product Liability. Source: Official website of SBI

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Premium Payment process of SBI General Insurance Company

Online Payment process

With SBI General Insurance Company, you can get instant quotes online for motor insurance, health insurance, travel insurance etc.

Example:

For new car, one can visit the below SBI website, fill details like car model variant, car make, registration city etc. Select IDV and make payment.

secure.sbigeneral.in/SBIGTP/motor-insurance/car-insurance/get-quote/car-details

Note: With respect to other products, the online payment process is the same.

Awards and Achievements of SBI General Insurance Company

The SBI General Company has won awards like:

SBI General wins the ET Best BSFI Brands Award 2018
Best E-Magazine Award
The ISO 27001:2013 certification awarded to SBI General for its Information Security practices
Bancassurance Leader (Medium & Small Category)
Great Place To Work
BEST BFSI Brand Award
“Under-served Market Penetration” and “Commercial Lines Growth Leadership” Award
Marketing Initiative Award, 2015
Data Quality Award, 2014
Technology Maturity Award, 2013
Rising Star Insurer Award, 2012
Data Quality Asia Pacific award, 2012

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FAQs

How to renew SBI General insurance policy online?

You can renew your SBI General Health and Motor Insurance policy online on the below mentioned site of SBI.

secure.sbigeneral.in Or you can call their toll free number on 1800 22 1111

Why should you buy SBI General Health insurance Policy?

The best part about buying health insurance from SBI General Insurance is that they try making plans suiting the requirement of every individual giving them a greater sense of security and better health.

Why should you buy SBI General Car Insurance Policies?

One can buy SBI General Car Insurance policies for the following reasons:

Simple and hassle-free online buying process
Trouble free claims process
Effortless and quick online renewal

What Kind of policies are available online with SBI General Insurance Company Limited?

SBI provides insurance for motor, health, travel, home, and personal accident.

Customer Reviews

Average Customer Rating:

SBI General Insurance: Check Plans, Policies & Premiums

5 / 5 ( 17 reviews )

Nikhil Suri

Not happy with the service

Just a mail. Had expected person to call. First and second year got number of calls for policy. But this year, it seems it was just a formality for you to put a mail and leave it. Had expected better than this very poor approach.

31 Jan 2020

Sbi General Insurance