SBI GeneralInsurance Stand Alone Own Damage Bike Policy

SBI General Insurance Company is a joint venture general insurance company. State Bank of India owns 70 percent. Other investors are Axis Bank Asset Management Co. Ltd, Premji Invest, and Warburg Pincus.SBI General Insurance Company offers a variety of useful services and features that make it easier for policyholders to get the coverage they need.

What is meant by Stand Alone Own Damage Bike Policy in SBI general

A third-party bike insurance coverage is the very minimum required by law, but it only protects you against legal and financial consequences for damage to another person's vehicle. You must purchase a separate own damage to protect your own vehicle and pay the expenses of repair, replacement, or procurement of spare components.

The insured two-wheeler is protected by the stand-alone own damage policy against any loss or damage caused by natural disasters, explosions, and fire, manmade calamities, or theft.

Benefits of buying Stand Alone Own Damage policy from SBI general

  • Provides financial security in event of mishaps
  • Provides security and protection to customers
  • Presence all over India
  • Easy to buy online
  • Compare plans online
  • Zero-paperwork

How to purchase Stand Alone Own Damage Policy from SBI general

  1. Visit the Quickinsure website
  2. Click on the ‘2 wheeler insurance’ icon on your screen
  3. Enter your vehicle registration number as per the Registration Certificate
  4. Next, compare quotations from various insurers and select the best fit for your needs
  5. Fill out the proposal form carefully and verify all details
  6. Complete the payment directly to the insurer and your policy will instantly be in your inbox!

Coverage of Stand Alone Own Damage Policy in SBI General

  • SBI general insurance offers additional optional add-on covers. Like zero depreciation add-on cover.
  • No claim Bonus discount can be availed for every claim-free year and NCB is transferable from one insurer to another insurance company.
  • Personal accident cover is optional. It provides cover to the driver or owner while driving the bike including mounting or dismounting from the vehicle.

Exclusions under Stand-Alone Own Damage Policy in SBI General

  • Accident that is caused due to vehicle owner’s negligence.
  • If the insured's vehicle is damaged or such an uncertain incident occurs outside of Indian territory, the damage is not covered. 
  • The vehicle is being used for illicit conduct or for a purpose not specified in the policy.
  • In case of violation of any rules or fitness requirements.
  • Driving without a license or drunk driving cases are not covered.

Frequently Asked Questions

1. Is there a provision for NCB in SBI General?

Yes, SBI general Insurance does offer a No Claim Bonus to its policyholder if they have not made any claim during the whole policy tenure. It will give a discount of up to 50% on its damage premium.

2. How many cashless garages does SBI General Insurance have?

SBI General Insurance has a network of over 16000 garages all over the nation. Customers can go there to get cashless repair and replacement services.

3. Does Zero depreciation cover provide for fiberglass parts of two-wheeler?

Yes, zero depreciation provides coverage for the fiberglass parts of the insured two-wheeler.

4. If an accident destroyed my two-wheeler. Will the losses be covered by personal damage insurance?

Yes, the stand-alone own damage two-wheeler insurance policy covers such losses when they are irreparable.

5. Is SBI standalone own damage bike insurance mandatory to obtain?

No, third-party insurance is mandatory. However, Customers are advised to have additional cover for better protection, Such as SBI own damage bike insurance or comprehensive insurance.


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