Sbi General Insurance Claim Process
What is SBI General Insurance?
SBI General Insurance is an Indian insurance company offering a wide range of products to its customers. It is a joint venture between State Bank of India and Insurance Australia Group. It provides a variety of insurance products such as Health Insurance, Motor Insurance, Travel Insurance, Home Insurance and Corporate Insurance. It has a strong presence in the Indian market and is one of the leading general insurance companies in the country.
What is the SBI General Insurance Claim Process?
The SBI General Insurance claim process is a simple and hassle-free process. It begins with the filing of a claim form by the customer. The customer can easily download the claim form from the SBI General Insurance website. The customer needs to fill in the required details such as policy number, type of claim, date of loss or injury, etc. Once the customer has filled in the required details they need to submit the claim form to the insurer. The insurer then reviews the claim and processes it accordingly.
What Documents are Required for Claim Process?
The documents required for the SBI General Insurance claim process depend on the type of claim. For example, for health insurance claims, the customer needs to provide the medical bills, doctor’s prescription, hospital discharge summary, and any other documents related to the claim. Similarly, for motor insurance claims, the customer needs to provide the vehicle’s registration certificate, driving license, insurance policy copy, police report (in case of accident), and other related documents.
What is the Time-Frame for Claim Process?
The time-frame for the SBI General Insurance claim process depends on the type of claim. Generally, the insurer takes around 7 to 10 working days to process the claim if all the documents are in order. However, if the documents are not in order, the insurer may take more time to process the claim. It is important to note that the insurer may reject the claim if the documents are not in order.
What is the Claim Settlement Ratio?
The claim settlement ratio is an important factor to consider while selecting an insurance company. The claim settlement ratio of SBI General Insurance is around 95%. This means that the company settles 95% of the total claims it receives. This is an impressive figure and is a testament to the high quality of service that the company provides.
What is the Claims Process for Home Insurance?
The claim process for home insurance is similar to that of other types of insurance. The customer needs to first fill in the required details in the claim form and submit it to the insurer. The customer also needs to provide the insurer with all the necessary documents related to the claim. These documents may include the policy copy, photographs of the damaged property, police report (in case of burglary or theft), and other related documents. Once the insurer receives all the documents, they will process the claim and settle it accordingly.
What is the Claims Process for Corporate Insurance?
The claim process for corporate insurance is similar to that of other types of insurance. The customer needs to first fill in the required details in the claim form and submit it to the insurer. The customer also needs to provide the insurer with all the necessary documents related to the claim. These documents may include the policy copy, photographs of the damaged property, police report (in case of burglary or theft), and other related documents. Once the insurer receives all the documents, they will process the claim and settle it accordingly.
What is the Claims Process for Travel Insurance?
The claim process for travel insurance is similar to that of other types of insurance. The customer needs to first fill in the required details in the claim form and submit it to the insurer. The customer also needs to provide the insurer with all the necessary documents related to the claim. These documents may include the policy copy, medical bills, doctor’s prescription, hospital discharge summary, and other related documents. Once the insurer receives all the documents, they will process the claim and settle it accordingly.
Conclusion
The SBI General Insurance claim process is a simple and hassle-free process. The customer needs to fill in the required details in the claim form and submit it to the insurer along with all the necessary documents. The insurer then reviews the claim and processes it accordingly. The claim settlement ratio of SBI General Insurance is around 95%, which is an impressive figure and is a testament to the high quality of service that the company provides.