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Auto Insurance on SBS InstalmentsAuto Insurance on SBS Instalments

Auto Insurance on SBS Instalments

IGI General Insurance, in collaboration with IGI Life Insurance Limited, offers Bank Alfalah Motor Insurance Plan, a comprehensive auto insurance plan designed exclusively for Bank Alfalah credit card customers. Our plan shields your automobile against a range of risks, ensuring you drive with peace of mind.
With Bank Alfalah Motor Insurance Plan, you can drive with confidence knowing that your car is protected against a wide range of risks, from accidents and theft to natural disasters and unforeseen incidents. With this plan, you can now manage your insurance premiums more efficiently through easy installment payments of up to 6 months at 0% markup and no processing fee, making it simpler than ever to stay protected without straining your finances.

Moreover, this coverage offers PKR 500,000 for natural death and PKR 1,000,000 for accidental death.

Dependable Protection for Your Drive:

The plan offers comprehensive coverage against a range of risks including:

  • Accidental damage
  • Fire, lightning, and frost
  • Theft and burglary
  • Malicious acts
  • Riot and strike
  • Natural disasters like floods and earthquakes
  • In-transit risks
  • Third-party liability
  • Terrorism
Net Rates (For Comprehensive Motor Coverage) Without Tracker With Tracker
(Rental)
IGI Drive Tracker
Local cars up to Rs.5 Million   2.1% 2.35%
Local cars above Rs. 5 Million up to 8 Million (Except KIA, MG, Hyundai, Peugeot) 1.9% 2.35%
Local cars Rs.8 Million and above (Except, KIA, MG, HYUNDAI, PEUGEOT ) 1.8% 2.1%
Imported cars (Up to 8 Million)  2.1% 2.35%
Imported cars 8 Million and above 1.90% 2.1%
KIA, MG, HYUNDAI, PEUGEOT 2.1% 2.35%
Local cars up to Rs.5 Million   2.1% 2.35%
Suzuki (Cultus, Swift, Ciaz) 2.1% 2.35%
Suzuki (Alto, Wagon R) 2.35 2.85%
Suzuki (Bolan, Van, carry) 3.6%
Suzuki All Variants Local

(7 Million and above)

1.80% 2.1%

Note: Prices inclusive of all taxes of the above products. Prices are subject to change at any given moment; please contact helpline for latest information on rates.

Key Benefits to Enhance Your Experience:

  • Flexibility to choose preferred workshops for vehicle repairs
  • Competitive premium rates
  • Swift claims settlement process
  • An extensive network of IGI General Insurance branches
  • Optional: Tracker insurance powered by IGI Drive

Document Requirements

  • Copy of proposer’s CNIC
  • Registration book copy
  • Copy of proposer’s driving license
  • Delivery Letter OR inspection for Brand new vehicle
  • Tracker is optional in case customer purchases with rental tracker insurance as per the given rates in Premium Table

Claim Intimation

In case of an accident to the vehicle, please call on IGI General Insurance UAN Number at 042-111-308-308 and report your claim.

-Terms and Conditions applicable.
This product is underwritten by IGI General and IGI life Insurance and bank is only a distributor