SBI General And New India information includes incurred claims ratio, policy status, type of plan etc. SBI General Two Wheeler Insurance is a Comprehensive Policies where as New India Two Wheeler Insurance is Comprehensive Policy. For year 2014-15 incurred claim ratio of SBI General Two Wheeler Insurance is 83.27 %. However it is 86.83 % for SBI General Two Wheeler Insurance. Incurred claims ratios are specified as per IRDA publications.
Online buying feature is available in almost all policies. Since SBI General Two Wheeler Insurance is In-Force, one can buy it online at present time. In addition to this some insurers also provide a facility to renew policies online. SBI General Two Wheeler Insurance can be renewed online. On the other hand, New India Two Wheeler Insurance is In-Force, and this plan supports online buying.
Depreciation Rates For IDV are based on manufacturers' listed selling price of the brand, model of the vehicle and age of the vehicle. In case your vehicle gets stolen or damaged, insurance firm is liable to give the claim amount to the policy holder as per declared policy terms. Generally, depreciation rates remain same for all insurance providers. The depreciation rates are adjusted in the range of Not Available to Not Available for age of the vehicle less than 6 months to vehicle being 4 to 5 years old respectively.
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