SBI General Insurance Company Limited is one of the fastest growing private general insurance companies in India, with the sturdy parentage of SBI. This insurance company is committed to uphold the legacy of trust of security, much like their parent. Their vision is to become a trusted general insurance company that transforms India. 


Ever since their establishment in 2009, SBI General Insurance has grown exponentially. As compared to the 17 branches in 2011, the company has expanded to 141 branches across the country. So far, they have served more than 34 crore customers with their robust multi-distribution model. This model encompasses bancassurance, agency, broking, retail direct channels, and digital tie-ups. Moreover, they offer an array of products across various verticals like retail, corporate, SME, and rural sectors, corroborating accessibility through digital and physical means. On Bajaj Markets, you can find SBI General Insurance Co. Ltd.’s health and motor insurance products at nominal premium prices starting at ₹53.

Types of Plans Offered by SBI General Insurance on Bajaj Markets

Here are the types of SBI General Insurance plans that you will find on this platform. 

SBI General Health Insurance

SBI General Four-wheeler Insurance

SBI General Two-wheeler Insurance

Arogya Supreme Policy

SBI General Third-party Car Insurance

SBI General Third-party Bike Insurance

Arogya Top-up Policy

SBI General Standalone Own-damage Car Insurance

SBI General Standalone Own-damage Bike Insurance

Arogya Sanjeevani Policy, SBI General Insurance Company Limited

SBI General Comprehensive Car Insurance

SBI General Comprehensive Bike Insurance

Individual Personal Accident

 

 

Super Health Insurance

 

 

Critical Illness Insurance Policy

 

 

Hospital Daily Cash Insurance Policy

 

 

Loan Insurance Policy

 

 

Health Edge Insurance

 

 

Kutumb Swasthya Bima

 

 

Key Features

Here’s a sneak peak into the key features of these insurance types.

SBI General Health Insurance

  • Sum insured up to ₹2 Crores

  • Coverage for 141 day-care procedures

  • Tax benefits up to ₹75,000

SBI General Car Insurance

  • No-claim bonus up to 50%

  • 800+ empanelled surveyors

  • 5900+ cashless garages

SBI General Bike Insurance

  • Up to ₹15 Lakhs Personal Accident coverage

  • 1000+ network garages

  • Premium prices starting at ₹457

How to Buy SBI General Insurance on Bajaj Markets

Here’s how you can purchase an SBI General Insurance plan on Bajaj Markets in five simple steps!

  • Step 1: Navigate to a premium calculator page.
  • Step 2: Enter the information asked of you. 
  • Step 3: Choose the plan you’d like to purchase.
  • Step 4: Pick add-ons if you’d like to enhance your policy.
  • Step 5: Pay the premium price through your preferred online payment method. 

 

The policy documents should be sent to you via email or SMS shortly.

Why Choose SBI General Insurance

Here are all the reasons why SBI General Insurance plans can be one of your most reliable financial backups. 

  • Network Facilities

SBI General Insurance offers you access to industry-grade services at their network facilities. They are partnered with 1000+ bike garages, 5900+ car garages, and 20,000+ network hospitals. 

  • Speedy Claims

Once you purchase your policy, you can rest assured knowing that your claims are in efficient hands. Their health insurance claim settlement ratio stands at 96% while the motor insurance CSR is 98%.

  • Minimal Documentation

When purchasing an SBI General Insurance plan on Bajaj Markets, you don’t have to struggle with endless paperwork. With just a handful of essential documents and five easy purchasing steps, you can acquire financial protection against unforeseen eventualities. 

  • Array of Add-ons

SBI General Insurance offers you a wide range of top-ups, add-ons, and insurance riders which can exponentially enhance your policy. You can attach these to your insurance plan to increase the sum insured, level-up the coverage, and make your financial protection as strong as steel.

  • Inexpensive Premium Prices

SBI General offers you health insurance plans that start at a premium price of just ₹53/month. Moreover, the third-party premium prices for bike and car insurance are ₹457/year and ₹2,094/year respectively. 

  • Tax Benefits

If you purchase health insurance, you can claim annual tax benefits for the premium prices you pay. As per Section 80D of the Income Tax Act, you can get up to ₹75,000 in tax benefits along with additional rebates for preventive health check-ups. 

Awards and Recognition

Here are the awards earned by the SBI General Insurance Co. Ltd. which, furthermore, add weight to their credibility and reliability. 

  • ‘General Insurance Company of the Year’ at India Insurance Summit and Awards 2023

  • ‘Best Claim Settlement and Best Innovation’ at InsureNext Summit and Awards 2022

  • 5’The Special Commendation Award’ at The CSR Journal Excellence Awards 2022 

  • 'Insurer of the Year' in the ‘Non-life’ category at the FICCI Insurance Awards 2022

  • ‘Best General Insurance Company of the Year’ at the ‘Third Emerging Asia Insurance Awards’ organised by the ‘Indian Chamber of Commerce’
  • ‘The Great Indian BFSI Best Brand in The General Insurance Sector’ at the Great Indian BFSI Awards 2nd Edition 2022

  • ‘Best Use of Technology to Enhance Customer Experience’ at the 15th edition of the Customer FEST Awards 2022

SBI General Insurance Claim Settlement

You can file a claim through SBI General Insurance in the following ways as per your convenience.

  • Call Centre: 1800-102-1111

  • Original Equipment Manufacturer (OEM) Services

  • WhatsApp Services:7669800345

  • Email Address: customer.care@sbigeneral.in

  • SBI General Mobile Application

  • SMS Services: 561612

  • SBI General Insurance’s ChatBot, Sakhi

  • Rapid Connect through the Workshop Portal

 

Here’s the biggest perk of opting for SBI General Insurance’s unique Fast Lane Claim Settlement process.

  • You can settle motor insurance claims for smaller values in an instant

  • Claim settlement occurs sooner than the repairs commence

  • The claim amount is settled through the mutual agreement of the insurer and the policyholder

  • The amount is decided in a full and final settlement with only a handful of necessary documents

We Are Here For You

  • At Bajaj Markets

Feel free to connect with the Bajaj Markets team through the following channels.

 

  1. Phone Number: 020-66399444 (Mon to Sat – 10:00 a.m. to 6:00 p.m.)

  2. Email Address: insuranceconnect@bajajfinservmarkets.in

  3. Customer Care Portal: https://www.bajajfinservmarkets.in/cust/#/

  4. Mobile Application: Bajaj Markets App (Google Play Store and Apple Store)

     

  • At SBI GENERAL

Here’s how you can contact the SBI General Insurance customer care team. 

  • Toll-free Numbers:

  1. Car Insurance: 1800-22-1111/1800-102-1111

  2. Bike Insurance: 1800-102-1111

  3. Health Insurance: 1800-209-1111

  4. Email Address: customer.care@sbigeneral.in

  5. Customer Care Portal: https://www.sbigeneral.in/contact-us

FAQs About SBI General Insurance

What is the benefit of getting SBI General Insurance?

SBI General Insurance offers you a curated set of value-added services that can benefit you greatly in times of unexpected mishaps and emergencies. Their health insurance plans can cover your medical expenses along with offering you access to cashless hospitals. Similarly, their motor insurance plans can provide you coverage against third-party liabilities, accidental injuries, and the costs of your vehicle’s repairs due to accidental damages.

Who is eligible for SBI General Insurance?

Anyone between the ages of 18 years and 65 years can get an SBI General Health Insurance policy. As for motor insurance, you need to be at least 18 years in age to purchase a plan. Please note that there is no maximum age limit established for motor insurance. However, only those who hold a valid driver’s licence can purchase a bike/car insurance policy.

Can I cancel my SBI General Insurance policy at any time?

Yes, you may cancel your SBI General Insurance policy at any time. However, when it comes to motor insurance, you will need to purchase another bike/car insurance plan as soon as possible since it is mandatory by law.

How can I claim reimbursement from SBI General Insurance?

You can call them on their toll-free number (1800-22-1111) or SMS “CLAIM” to 561612. You may also initiate a claim on SBI General Insurance’s official website.

Does SBI General Insurance offer no-claim bonus on motor insurance?

Yes, they do. You can earn up to a 50% benefit on your renewal premium through an NCB.

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