Brand new Bike
Factors such as the make and model of the vehicle, age of the vehicle, and location of registration affect the zero-depreciation premium.
Yes, you will be charged an extra fee to incorporate an add-cover.
The amount that a policy buyer must pay to insure their Bike under their own damage insurance plan is referred to as the own damage premium amount.
In the event of an unexpected event, third-party two-wheeler insurance protects you from any unintentional liability, legal liability, or property damage.
If a vehicle is simply insured for third-party liability, no inspection is necessary.
Yes, you can pay your two-wheeler insurance premium online with a debit or credit card or using net banking.
Before your two-wheeler insurance coverage expires, you should renew it. You can also renew it within 90 days of the last renewal date if you missed it. If you do not renew your policy within 90 days of its expiration date, you will forfeit your NCB benefit.
No, both comprehensive and third-party insurance must be renewed using the same procedure.
IDV stands for insured declared value. The value of the bike is determined at the time the policy is purchased by the policyholder. In the event of a claim, this value is used to calculate the claim amount.
Yes, a two-wheeler insurance policy can be transferred to a new owner if the insurance company provides sufficient proof.
Not all insurance policies cover the driver or the owner as a part of the basic Bike insurance that only provides third-party coverage. If the policyholder wants complete coverage, he or she should get a policy that includes both third-party and CPA coverage (owner-driver coverage) for Bike insurance but paid driver cover is not included in two-wheeler insurance.
No Claim Bonus is a discount granted by the company if the insured does not file a claim for the duration of his or her policy period.
If no claims are filed for two years in a row, the No Claim Bonus rate will be calculated as follows:
Renewal of two-wheeler insurance coverage with SBI is a simple and quick process. The time you spend filling out your auto insurance information and completing an online payment.
Yes, a two-wheeler policy can be cancelled and unused premiums can be refunded on a short period basis provided alternate insurance proof is provided. In case of a claim in policy, no refund shall be there.