SBI General Insurance forges Bancassurance tie up with Bajaj Markets

•  Under the motor insurance category, SBI General Insurance offers bike and car insurance plans that offer personal accident coverage up to Rs 15 Lakhs, third-party liability cover, own damage cover along with other 15 add-ons

NE BUSINESS BUREAU

PUNE, MUMBAI, AUG 11

SBI General Insurance Company Limited, one of India’s leading insurance companies, on Friday announced it has  partnered with Bajaj Markets, a one-stop digital marketplace for financial services and a subsidiary of Bajaj Finserv Limited, to offer car and bike insurance policies.

Under the motor insurance category, SBI General Insurance offers bike and car insurance plans that offer personal accident coverage up to Rs 15 Lakhs, third-party liability cover, own damage cover along with other 15 add-ons.

SBI General Car Insurance

• What’s Covered
  • 15 add-on plans offering covers like:
    • Personal Accident Cover
    • Bi-Fuel kit
    • Depreciation reimbursement
    • Emergency assistance
    • NCB Protection
  • Cashless service at 5900+ garages

SBI General Two-wheeler Insurance

• What’s Covered
  • Offers
    • Personal accident cover
    • Own-damage cover
    • NCB Protection
    • Return to Invoice: in case of theft or total damage/loss of the bike
    • Protection against natural disasters
  • Cashless services at 1000+ garages

A premium calculator is also available on the Bajaj Markets’ website, to help individuals make an estimate of the premium amount for car and bike insurance policies.

Furthermore, the purchase journey for such policies can be covered with a few clicks on a screen. The digital payment process for premiums is seamless and smooth. The five-step process enables customers to secure their finances against unforeseen car and bike related expenses.

Commenting on this, Anand Pejawar, Whole-time Director, SBI General Insurance said, “We are happy to partner with Bajaj Markets, the subsidiary of Bajaj Finserv, and one of fastest growing fintech companies in India. This strategic alliance brings together the strength of two industry leaders, united in our commitment to deliver exceptional insurance solutions to every corner of the nation. Together, we embark on a transformative journey to enhance market penetration to better serve a wider customer base across India.”

Ashish Panchal, Director and CEO, Bajaj Markets said, “We are delighted to partner with SBI General Insurance, one of India’s leading insurance companies with a strong legacy of trust and security. We at Bajaj Markets leverage our expertise in consumer insights, analytics, and technology to offer consumers a range of choices in a frictionless manner. This partnership will strengthen the ‘One Marketplace’ proposition and help us deliver an exceptional set of products to our customers.”