What is the Citibank SmartDrive?
The Citibank SmartDrive is a motor insurance policy concocted in partnership with AXA Affin insurance, to provide reliable and comprehensive coverage to all motor vehicle users. The policy is available online and you can avoid the usual hassle of having to make payments when you use a credit card with your application.
What does the plan cover?
SmartDrive is a comprehensive coverage that will of course cover any loss or damage to your vehicle in the event of an accident, theft, or accidental fire.
In terms of the third-party liability, you will have coverage for;
- Bodily injury or death
- Damage to property
Are there any optional benefits for this policy?
There are in fact several optional benefits that you can take up to boost the protection for your car with some additional premium. Some of the benefits include covers for;
- Windscreen breakage
- Legal liability to passengers
- Legal liability of passengers
- Natural disasters
- Strike, riot or civil commotions
Along with these options you can also opt for extensions for coverage, especially if there are multiple drivers, additional vehicle accessories, and more.
What do I need to apply for SmartDrive online?
If you are planning to apply right here online, you will need to have a few documents with you or at least have some details on hand. Besides your personal details, you will need to have your Vehicle Registration number, Vehicle Registration Card Number, Engine Number and Chassis Number.
How about my premiums?
There are a few factors that will go into the calculation for your premiums, including the type of vehicle you drive and how old it is. Other risk assessment factors will include;
- Value of the vehicle
- Engine capacity
- Sum Insured
- Age of Driver
- Occupation and Education
- Place of Residence
- Claim history