SBI General Tractor And Other Farm Vehicles Insurance Policy

What is the Plan all About?

Agriculture and farming are the key occupations of a major segment of the population of our country. It’s thus essential to keep the vehicle insured that will ensure the growth of successful farming. SBI General’s Tractor and Other Farm Vehicles Insurance Policy- Package helps you to get cover for any loss or damage caused to your Tractor and other Farming Vehicles. It also covers the compulsory Third Party Liability as required under the Motor Vehicles Act.

Key Features

Loss/damage cover for the vehicle insured
Cover for liability to third party
Personal Accident Cover for Owner cum Driver
Add-on covers to extend protection
Cashless claim settlement at network garages across India
Fast, fair& transparent claim procedure

What are the Plan Benefits?

Own Damage Cover

Loss or damage to the vehicle insured and/or its accessories is covered against perils such as fire explosion, self ignition or lightning, burglary, housebreaking or theft, riot and strike, earthquake, flood, typhoon & hurricane, accidental external means, malicious act, terrorist activity, in transit by road, rail, inland-waterway, lift, elevator or air, landslide or rockslide.

Cover towards Third Party Liability

Insured is covered against third party liability arising out of the use of the vehicle in respect of death or bodily injury to occupants carried in a vehicle other than the insured’s vehicle. It also covers damage to property other than the property belonging to the insured.

Personal Accident Cover for Owner - Driver

In case of bodily injury/death caused to the owner cum driver of the vehicle, the compensation is payable depending on the nature of injury sustained.

For death and Loss of two limbs/sight of two eyes/one limb & sight of one eye is covered up to 100%, Loss of one limb or sight of one eye is covered up to 50% and Permanent total disablement from injuries other than the specified ones is covered up to 100%.

This compensation is payable, when the death/injury caused within six calendar months of accidental external and visible means. A maximum of Rs 2 lakhs is payable towards personal accident cover during any one period of insurance.

Additional Covers

Following are the additional cover/add-ons that can be opted upon payment of additional premium.

Additional Legal Liabilities: Additional legal liabilities towards Paid driver employed for operation of vehicle and Employees travelling in/driving the vehicle other than paid driver is covered.
Bi-fuel Kit: The CNG-LPG bi-fuel kit can also be covered upon opting the add-on cover.
NCB Protection: Under this cover, the existing NCB of the expiring policy can be retained at the time of renewal. This benefit is available only for one single claim during the policy period.
Return to Invoice Cover: In the event of a Total loss/ Constructive Total Loss (CTL) or Total Theft of the vehicle, it pays the ‘financial shortfall’ between the amount received and the current replacement value of the vehicle if the same make model is available.
Enhanced PA Cover: With this additional cover, the enhanced personal accident cover is available to Owner Driver and Paid Driver, as stated in the policy schedule.

Major Exclusions

Following are the conditions that are not covered under this policy:

Mechanical/Electrical breakdown
Depreciation or any Consequential loss
Normal wear & tear and ageing of the vehicle
Any claim arising out of contractual liability
Vehicle is used outside the geographical area
Vehicle being used otherwise than in accordance with the ‘Limitations as to Use’ specified
Driving vehicle without a valid driving license
Loss/damage caused by or arising from nuclear weapons material, etc.