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SBI General Commercial Vehicle Insurance:

In India’s booming transport and logistics sector, commercial vehicles are the backbone of businesses. Whether it’s trucks, buses, or delivery vans, protecting these vehicles is essential to ensure smooth operations and financial security. SBI General Commercial Vehicle Insurance is designed to provide comprehensive coverage for all types of commercial vehicles, helping business owners manage risks effectively.

Commercial Vehicle Insurance Plans#1

Plan Type

Comprehensive

Claims Settled

96%
₹ 5883buy
Addons
  • IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
  • Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
  • Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
    • 3 more
Claim Benefits
  • 50% Advance PaymentInsurer offers up to 50% advance payment (excluding GST), for losses exceeding 1 Lac, on claims at any garage. Share the final bill after repair to claim GST amount.
  • Spot Claims Upto Rs. 50,000Just upload photos or video of the damage & the insurer will transfer the estimated repair cost up to Rs. 50,000. Once your car is repaired, share the final bill with your insurer.
#1 Rs 5773/- per annum is the price for third-party commercial vehicle insurance for Mahindara Alfa PAX DX registration year 2020. The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively. The comprehensive commercial vehicle insurance prices mentioned above are for a 5 year Mahindara Alfa PAX DX registration year 2020. These quotes are from mentioned from lowest to highest price. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

Plan Type

Third Party

Claims Settled

96%
₹ 5773buy
#1 Rs 5773/- per annum is the price for third-party commercial vehicle insurance for Mahindara Alfa PAX DX registration year 2020. The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively. The comprehensive commercial vehicle insurance prices mentioned above are for a 5 year Mahindara Alfa PAX DX registration year 2020. These quotes are from mentioned from lowest to highest price. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

What is SBI General Commercial Vehicle Insurance?

SBI General Commercial Vehicle Insurance is a specialized insurance policy for vehicles used for business purposes. It covers damages to the vehicle, third-party liabilities, and other risks associated with commercial use.

Key Features:

  • Third-Party Liability: Covers damages or injuries caused to third parties (mandatory under Motor Vehicles Act).
  • Own Damage Cover: Protects your vehicle against accidents, fire, natural calamities, or theft.
  • Optional Add-Ons: Includes bumper-to-bumper coverage, roadside assistance, transit insurance, and workmen compensation policy.
  • Digital Management: Policy purchase, renewal, and claims can be handled through SBI General Insurance Online.

Types of Commercial Vehicles Covered

SBI General Insurance provides coverage for a wide range of commercial vehicles:

  • Trucks & Lorries – Light, medium, and heavy-duty trucks.
  • Buses – School buses, mini buses, and passenger transport buses.
  • Vans & Cargo Vehicles – Delivery and logistics vehicles.
  • Three-Wheelers & Auto Rickshaws – For commercial operations.

Benefits of SBI General Commercial Vehicle Insurance

Choosing SBI General Insurance comes with several advantages:

  1. Comprehensive Protection: Against accidents, fire, theft, and natural disasters.
  2. Third-Party Liability Coverage: Ensures compliance and protects from legal liabilities.
  3. Online Policy Purchase & Renewal: Manage your policy digitally via SBI General Insurance portal.
  4. Flexible Add-Ons: Options for transit insurance, bumper-to-bumper coverage, and more.
  5. Quick Claim Settlement: Hassle-free and fast claim process.
  6. Nationwide Support: Extensive branch network across India.

How to Buy and Renew Online

SBI General Insurance makes it easy to buy and renew commercial vehicle insurance online:

  • Purchase Online: Select coverage, compare plans, and pay premiums securely.
  • Renewal Online: Avoid policy lapse and maintain uninterrupted protection.
  • Policy Download: Instant download of insurance documents.
  • Manage Policy: Track claims, renewals, and add-ons online.

Pro Tip: Renew your commercial vehicle insurance before the expiry date to avoid penalties.

Popular Add-Ons for Enhanced Protection

SBI General Insurance also offers optional covers to boost your protection:

  • Bumper-to-Bumper Insurance: Complete coverage for vehicle components.
  • Transit Insurance: Protect goods in transit.
  • Workmen Compensation Policy: Covers drivers and staff on duty.
  • Zero Depreciation Cover: Full claim without depreciation deduction.
  • Roadside Assistance: Emergency help during breakdowns.

Why Choose SBI General Insurance?

SBI General Insurance is a trusted name in India’s insurance sector, offering a wide range of products:

  • Commercial Vehicle Insurance for trucks, buses, and vans.
  • Motor Insurance including car, two-wheeler, and fleet insurance.
  • Health Insurance including SBI Health Insurance, Arogya Health Insurance, and family plans.
  • Travel Insurance for domestic and international trips.

The company is known for its fast claim settlement, digital solutions, and extensive customer support.

Conclusion

For business owners, protecting commercial vehicles is crucial. SBI General Commercial Vehicle Insurance provides robust protection against accidents, theft, fire, and third-party liabilities. With convenient online policy purchase and renewal, flexible add-ons, and a trusted brand backing, SBI General Insurance is the ideal choice for safeguarding your commercial vehicles and ensuring uninterrupted business operations.

Secure your vehicles, protect your business, and drive with confidence with SBI General Commercial Vehicle Insurance.

What is comprehensive and third-party policy in terms of commercial vehicle?

In commercial vehicle insurance a third-party insurance covers any damage to a third party that is except your vehicle, and the driver. On the other hand, a comprehensive policy covers the insured vehicle itself (including damage or loss due to accidents, fire, theft, natural events, etc.) as well as third-party liabilities.

What is a passenger carrying vehicle?

A passenger carrying vehicle is a commercial vehicle which charges passengers for the privilege of driving them - often in the form of buses or coaches. Examples are buses, vans, taxis and the like.

What is meant by Goods carriage vehicle?

A goods vehicle is a commercial road vehicle used for transporting goods. These may include trucks, lorries, pick-up vans, tempos and so forth.

What is a miscellaneous and special vehicle type?

Vehicles, which can not be easily placed into the groups of "passenger taking" or "goods taking" vehicles are classified as miscellaneous and special vehicles. Considering a case of the same, such vehicles may comprise ambulances, cinema vans, special purpose vehicles (SPVs), construction site vehicles and/or similar types.

My commercial truck has been in an accident, what should I do?

If your commercial vehicle gets into an accident:

  1. Engine off (if safe) and make sure all persons are well guarded.
  2. Assess for injuries and call medical help if required.
  3. Photograph/videotape the accident scene: vehicle damage, road conditions, skid marks, etc.
  4. Inform the police (Log an FIR if necessary – in particular where there is injury to a third-party or damage to property).
  5. Contact your insurance company promptly (you may only have 24-72 hours to report) and go through their claim procedure.
  6. Have all relevant documents in place: Vehicle registration, policy papers, driving licence, FIR/incident report and photos.
How to get the mobile van repaired in case of damage for my commercial vehicle?

You can have the vehicle serviced at a workshop at any of your insurer’s authorised or network garages (which typically tie-up for cashless claims). If the car is not drivable, have it towed in accordance with your policy. It is a good idea to check with your auto insurer before you start major repairs, to prevent the denial of a claim.

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