Does it cover theft and fire?

Eligible theft and fire-related loss may be covered under the own-damage section.

How is the premium calculated?

Premium depends on vehicle make and model, age, location, IDV, selected covers and applicable underwriting factors.

Can I add optional covers?

Optional add-ons may be available for an additional premium. Confirm availability for the specific policy and vehicle.

What exclusions should I check?

Review wear and tear, mechanical breakdown, driver eligibility, deductibles and all exclusions in the current policy wording.

SBI General Private Car Long Term Package Policy

SBI General Private Car Long Term Package Policy Overview

SBI General Private Car Long Term Package Policy is designed to provide own-damage protection and third-party liability cover over a three-year policy period for eligible private cars. The official prospectus describes protection for covered accidental loss or damage to the vehicle and its accessories, including specified fire-related events, theft, natural calamities and listed man-made events. The third-party section addresses eligible legal liability arising from accidental bodily injury, death or damage to third-party property, subject to applicable law and policy terms. The insured declared value (IDV), deductibles and policy conditions affect own-damage claims. The policy may offer optional add-ons for additional premium, depending on eligibility and availability. Confirm the applicable policy wording and current purchase availability before buying.

Long-term package protection combining own-damage and third-party liability cover

Expert Review of SBI General Private Car Long Term Package Policy

A long-term package policy can reduce the need to renew both own-damage and third-party cover every year during the policy term. Compare the total three-year premium with the cost and terms of other available policy structures. Check the IDV, compulsory deductible, depreciation provisions, exclusions, claim procedures and any add-ons selected. The official prospectus describes a three-year period for both own-damage and third-party cover, unlike a bundled policy that combines a one-year own-damage period with longer third-party cover. Premium and eligibility depend on vehicle and underwriting details. Confirm that this policy is currently offered for the particular vehicle before publishing it as purchasable.

Pros

Combines own-damage protection and third-party liability over a long-term policy period.
Can reduce the need for annual renewal of both policy sections during the three-year term.
Covers eligible accidental damage and specified insured events under policy terms.

Cons

The initial premium and total cost depend on vehicle details, IDV and selected coverage.
The policy requires careful review of long-term terms, deductibles and claim conditions.

About SBI General (Insurer Profile)

SBI General

Key Insights

Founded

2009

SBI General was established 17 years ago and has built strong credibility over time, backed by its long-standing presence in the market.

Claims Experience

94.5% CSR, calculated as a 3-year average

SBI General settles 94.5% of all claims it receives.

Contact Details

1800 102 1111

Headquarters: 9th Floor, A & B Wing, Fulcrum Building, Sahar Road, Andheri (East), Mumbai – 400 099, Maharashtra, India

SBI General Private Car Long Term Package Policy Features and Benefits

Three-Year Own-Damage Cover

Eligible accidental loss or damage to the insured car may be covered throughout the applicable own-damage policy period.

Subject to IDV, deductibles, exclusions and policy conditions.

Third-Party Liability

Provides cover for eligible legal liability arising from third-party bodily injury, death or property damage.

Applicable law and policy limits apply.

Fire and Theft

Eligible vehicle loss or damage caused by covered fire-related events, burglary or theft may be covered.

Claim documentation and policy terms apply.

Natural Calamities

Specified events such as flood, storm, cyclone and earthquake may be covered when included in the policy wording.

Only covered events qualify.

Riot and Malicious Damage

Eligible damage from specified riots, strikes or malicious acts may be covered.

Subject to policy wording and exclusions.

Insured Declared Value

IDV forms the basis for applicable total-loss and theft claims under the own-damage section.

IDV and claim settlement follow policy terms and applicable depreciation rules.

What SBI General Private Car Long Term Package Policy Does Not Cover (Exclusions)

Conditions or treatments that the policy clearly says it will not cover.

Ordinary wear and tear, ageing and depreciation are subject to policy exclusions.
Mechanical or electrical breakdown not caused by an insured event may be excluded.
Damage while driving without a valid licence or under the influence of alcohol or drugs may be excluded.
War, nuclear risks and other expressly excluded events are not covered.

Disclaimer: For illustration purposes only - exact terms are in the policy wording.

SBI General Private Car Long Term Package Policy FAQs

What is SBI General Private Car Long Term Package Policy?

It is a long-term private car package policy that combines own-damage and third-party liability cover for the stated policy period, subject to eligibility and terms.

How long does this policy last?

The official prospectus describes a three-year policy period for own-damage and third-party protection.

Does it cover accidental damage to my car?

Eligible accidental loss or damage may be covered, subject to policy conditions, deductibles and exclusions.