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Commercial Motor Insurance

  • Third Party Coverage
  • Personal Accident Cover
  • Own Damage/Loss
  • Legal Liabilities Towards Paid Drivers and Employees

Protect Your Commercial Vehicles With Our Commercial Vehicle Insurance Policy

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Covers for Repair Costs

Covers for Repair Costs

This policy covers the costs of repairing and replacing vehicle parts due to accidental damages.
No Claims Bonus Benefit

No Claims Bonus Benefit

You have the provision to reduce insurance premiums by utilising the no claims bonus feature.
Legal Liability Coverage

Legal Liability Coverage

We offer protection against lawsuits brought on by third-parties, which also includes the cost of legal fees.
Cashless Repairs

Cashless Repairs

We have an extensive network of affiliated garages offering cashless repair facilities across India.
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Why Sbi General Insurance
Reasons to Choose Our Commercial Motor Insurance

Insure Your Commercial Vehicles Against External Damages and Third Party Liabilities

SBI General’s Commercial Vehicle Insurance Policy offers protection against a wide range of incidents causing vehicle damage and losses while also covering third-party obligations. This comprehensive coverage shields your commercial vehicles from damages caused by both natural calamities and man-made perils.

Who Can Buy This Policy?
Individuals and business enterprises involved in vehicle-related commercial activities will find immense value in our Commercial Vehicle Insurance Policy. Whether you are an owner or a driver of vehicles such as taxis, cabs, commercial two-wheelers, auto-rickshaws, school buses, passenger buses, commercial trucks, tractors, or vans, it's crucial to protect your legal and financial responsibilities. According to the Motor Vehicle Act, 1988, these are categorized as commercial vehicles and, as such, they should be insured appropriately.

What is Covered Under Commercial Motor Insurance?

Take a look at the various features of the Commercial Motor Insurance offered by SBI General Insurance

      • This Policy is designed to cover the compulsory Third Party Liability as required by Motor Vehicles Act, together with loss or damage to the Vehicle itself. The Policy also provides cover for This Policy is designed to cover the compulsory Third Party Liability as required by Motor Vehicles Act, together with loss or damage to the Vehicle itself. 

      • Personal Accident.
      • For an additional Premium, provides the following:
      • Additional Legal Liabilities towards Paid Driver and employee.
      • Bi-fuel Kit.
      • Nil Depreciation.
      • NCB Protection.
      • Return to Invoice.
      • Cover for Key Replacement.
      • Loss of Personal Belongings.
      • Coverage

        This Policy is designed to cover the compulsory Third Party Liability as required by Motor Vehicles Act, together with loss or damage to the Vehicle itself. The Policy also provides cover for This Policy is designed to cover the compulsory Third Party Liability as required by Motor Vehicles Act, together with loss or damage to the Vehicle itself. 

      • Personal Accident.
      • Nil Depreciation.
      • NCB Protection.
      • Return to Invoice.
      • Whats not covered is mentioned below 

      • Any accidental loss or damage and/or liability caused sustained or incurred outside the geographical area;
      • Any claim arising out of any contractual liability;
      • Any accidental loss damage and/or liability caused sustained or incurred whilst the vehicle insured herein is
      • Any accidental loss or damage or liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material.

      The Company shall not be liable in respect of any accidental loss damage and/or liability directly or indirectly proximately or remotely occasioned by contributed to by or traceable to or arising out of or in connection with war, invasion, the act of foreign enemies, hostilities or war like operations (whether before or after declaration of war) civil war, mutiny, rebellion, military or usurped power or by any direct or indirect consequences of any of the said occurrences and except under Section II -


      I (i) of this Policy whilst the Insured or any person driving with the general knowledge and consent of the Insured is under the influence of intoxicating liquor or drugs and in the event of any claim hereunder the Insured shall prove that the accidental loss damage and/or liability arose independently of and was in no way connected with or occasioned by or contributed to by or traceable to any of the said occurrences or any consequence thereof and in default of such proof the Company shall not be liable to make any payment in respect of such a claim.

Key Feature

      This Policy is designed to cover the compulsory Third Party Liability as required by Motor Vehicles Act, together with loss or damage to the Vehicle itself. The Policy also provides cover for This Policy is designed to cover the compulsory Third Party Liability as required by Motor Vehicles Act, together with loss or damage to the Vehicle itself. 

    • Personal Accident.
    • For an additional Premium, provides the following:
    • Additional Legal Liabilities towards Paid Driver and employee.
    • Bi-fuel Kit.
    • Nil Depreciation.
    • NCB Protection.
    • Return to Invoice.
    • Cover for Key Replacement.
    • Loss of Personal Belongings.

What’s Covered 

      Coverage

      This Policy is designed to cover the compulsory Third Party Liability as required by Motor Vehicles Act, together with loss or damage to the Vehicle itself. The Policy also provides cover for This Policy is designed to cover the compulsory Third Party Liability as required by Motor Vehicles Act, together with loss or damage to the Vehicle itself. 

    • Personal Accident.
    • Nil Depreciation.
    • NCB Protection.
    • Return to Invoice.

What’s Not Covered

      Whats not covered is mentioned below 

    • Any accidental loss or damage and/or liability caused sustained or incurred outside the geographical area;
    • Any claim arising out of any contractual liability;
    • Any accidental loss damage and/or liability caused sustained or incurred whilst the vehicle insured herein is
    • Any accidental loss or damage or liability directly or indirectly caused by or contributed to by or arising from nuclear weapons material.

    The Company shall not be liable in respect of any accidental loss damage and/or liability directly or indirectly proximately or remotely occasioned by contributed to by or traceable to or arising out of or in connection with war, invasion, the act of foreign enemies, hostilities or war like operations (whether before or after declaration of war) civil war, mutiny, rebellion, military or usurped power or by any direct or indirect consequences of any of the said occurrences and except under Section II -


    I (i) of this Policy whilst the Insured or any person driving with the general knowledge and consent of the Insured is under the influence of intoxicating liquor or drugs and in the event of any claim hereunder the Insured shall prove that the accidental loss damage and/or liability arose independently of and was in no way connected with or occasioned by or contributed to by or traceable to any of the said occurrences or any consequence thereof and in default of such proof the Company shall not be liable to make any payment in respect of such a claim.

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Commercial Motor Insurance FAQ

Here are the commonly asked questions about Motor Commercial Vehicle Insurance Policy

As mandated by the law, a third-party insurance policy is necessary if you own a commercial vehicle, such as a goods-carrying vehicle or one that carries passengers, such as a taxi, school bus, etc. Said policy insures financial protection for your trade and your vehicle from losses and damages caused by or to your vehicle and the parties involved.

Passenger A carrying vehicle- is any commercial vehicle that helps people transport from one place to another. Examples of this include school buses, cabs, and taxis.
A good-carrying vehicle- as the name suggests, is a type of commercial vehicle primarily used for the transportation of goods from one place to another, such as a truck or lorry.
Miscellaneous and special type of vehicle- any vehicle other than passenger- and goods-carrying vehicles are considered to be in the special type or miscellaneous vehicle category. This could include vehicles used during construction, ambulances, etc.

You can opt for one or more add-on covers with your base insurance policy, depending on the needs of your vehicle.

You can get the benefit of the No Claim Bonus (NCB) discount on your insurance policy at the time of policy renewal. If no claim has been registered or is pending in the preceding policy year after the first year, or consecutively for several policy years, your NCB discount will accumulate over the years. You can get up to a 50% discount on the own-damage premiums paid towards the policy.

Please immediately contact the SBIG helpline number (toll-free) to contact us and file a claim. To file the claim online, please visit the Claims section on our website, or else visit our nearest branch.

Product UIN

IRDAN144RP0013V01201213

Disclaimer:

The above information is indicative in nature, for more details on complete coverage and terms & conditions, please contact our nearest office and also read the policy document and sales brochure carefully before concluding a sale.