SBI Tractor Insurance
SBI Tractor Insurance is a comprehensive insurance policy designed to cover tractors used for agricultural purposes. This insurance policy provides coverage for various risks associated with tractor usage, such as accidental damage, theft, fire, natural disasters, and third-party liability.
What is SBI Tractor Insurance?
SBI Tractor Insurance is a comprehensive insurance policy designed to cover tractors used for agricultural purposes. This insurance policy provides coverage for various risks associated with tractor usage, such as accidental damage, theft, fire, natural disasters, and third-party liability.
SBI Tractor Insurance Price
Third party Tractor insurance price by SBI General Insurance Company is Rs. 7267+GST.
Comprehensive insurance price depends on various factors such as IDV value taken and No claim bonus and other add ons opted etc.
Here is a list of top tractor model and their insurance prices in 2023
| Tractor Model | Insured Declared Value (in INR) | Insurance Price Approximate (in INR) |
|---|---|---|
| Mahindra 575 DI | 6,00,000 | 8958 |
| John Deere 5310 | 7,50,000 | 9785 |
| Swaraj 744 FE | 6,50,000 | 9174 |
| Massey Ferguson 241 DI MAHAAN | 7,00,000 | 9400 |
| Kubota MU4501 2WD | 6,20,000 | 9065 |
Coverage Benefits of SBI Tractor Insurance
SBI Tractor Insurance offers a wide range of coverage benefits that ensure comprehensive protection for your tractor. Here are some of the coverage benefits:
| Coverage/Benefit | Description |
|---|---|
| Accidental Damage | This policy covers damages to the tractor caused by accidents such as collision, overturning, and fire. |
| Theft | The policy provides coverage against the theft of your tractor. |
| Fire | SBI Tractor Insurance provides protection against damages caused by fire or an explosion. |
| Natural Disasters | This policy covers damages caused by natural disasters such as floods, cyclones, earthquakes, and landslides. |
| Third-Party Liability | This policy covers damages or injury caused to a third party by your tractor. |
| Personal Accident Coverage | This policy provides personal accident coverage for the owner or driver of the tractor. |
| Roadside Assistance | SBI Tractor Insurance offers 24/7 roadside assistance for any emergency that you may face on the road. |
How to Purchase SBI Tractor Insurance
- SBI Tractor Insurance can be purchased either online or offline.
- The online process is simple and convenient.
- To purchase online, visit the SBI General Insurance website, fill in the required details, and make the payment.
- The policy can also be purchased through an SBI branch or a registered agent.
How to Renew Tractor Insurance from SBI General
- Visit the SBI General Insurance website or the nearest branch to renew your tractor insurance policy.
- Provide the required details such as policy number and tractor details.
- Pay the premium online or through the available offline modes.
- Once the payment is processed, the policy will be renewed for the desired duration.
SBI Tractor Insurance Claim Process
- Contact SBI General Insurance’s toll-free number or visit the nearest branch to report the claim.
- Provide the required details such as policy number, tractor details, and details of the accident or damage.
- A surveyor will be appointed to assess the damage to the tractor.
- Submit the required documents to support the claim.
- Upon successful verification and assessment, the claim will be settled according to the policy terms and conditions.
List Of Documents Required For Claims
- Duly filled claim form
- Copy of the policy document
- Copy of registration certificate of the tractor
- Copy of driving license of the driver at the time of the accident
- FIR (if applicable)
- Repair bills and invoices
- Any other documents required by SBI General Insurance
Benefits of Choosing SBI Tractor Insurance
Choosing SBI Tractor Insurance has several benefits, including:
- Comprehensive Coverage: SBI Tractor Insurance provides comprehensive coverage for your tractor, protecting it from various risks.
- Affordable Premiums: The premiums for SBI Tractor Insurance are affordable, making it an excellent option for farmers with a limited budget.
- Hassle-Free Claim Settlement: SBI General Insurance has a hassle-free claim settlement process that ensures quick and efficient claim processing.
- Personalized Customer Service: SBI General Insurance provides personalized customer service to its policyholders, ensuring that their queries and concerns are addressed promptly.
Conclusion
Your tractor is a significant investment, and it’s essential to protect it with reliable insurance coverage. SBI Tractor Insurance provides comprehensive coverage for tractors used for agricultural purposes, ensuring that you can focus on your farming operation without worrying about potential risks. With affordable premiums, hassle-free claim settlement, and personalized customer service, SBI Tractor Insurance is an excellent choice for farmers looking for reliable insurance coverage.
FAQs
1. What is the minimum and maximum policy period for SBI Tractor Insurance?
The policy period for SBI Tractor Insurance is one year, and you can renew it annually.
2. Can I cancel my SBI Tractor Insurance policy?
Yes, you can cancel your SBI Tractor Insurance policy by providing written notice to SBI General Insurance. The cancellation will be effective from the date of receipt of the written notice.
3. Is third-party liability coverage mandatory under SBI Tractor Insurance?
Yes, third-party liability coverage is mandatory under SBI Tractor Insurance as per the Motor Vehicles Act, 198