SBI GENERAL TWO WHEELER INSURANCE

Two-wheeler insurance from SBI brings complete peace of mind by securing you and your ride against damages caused by natural or human-made reasons and covering you against third-party liabilities.

• Option to Choose a Long-term Policy.
• Customised Pricing.
• Cashless Claims.
• Multiple Add-ons.
• No-claim Bonus (NCB).
• NCB Protection.
• Valuable Discounts.
• Online Purchase& Easy Renewal.

SBI two-wheeler insurance from SBI General Insurance Company Limited serves millions across India through its network garages, quick claim-settlement facilities and other practical offerings.

This article explores the features, benefits, and processes of SBI bike insurance, including two-wheeler insurance renewal, policy downloads, and more.

Why Choose SBI Bike Insurance?

SBI General Insurance is a trusted name in the insurance sector, offering tailored solutions for two-wheeler owners. Here’s why SBI bike insurance stands out:

1. Third-Party and Comprehensive Coverage:
   • Third-party liability: Covers damages or injuries caused to others.
   • Comprehensive coverage: Protects your bike/scooter against accidents, theft, natural disasters, and more.
2. Long-Term Policies:
   • Opt for policies lasting up to 5 years, reducing the hassle of annual renewals.
3. Cashless Claims:
   • Access a wide network of garages for hassle-free repairs.
4. No-Claim Bonus (NCB):
   • Earn discounts up to 50% for claim-free years.
5. Add-Ons:
   • Enhance your policy with add-ons like pillion rider cover, zero depreciation, and more.
6. Easy Online Renewal:
   • Renew your SBI two wheeler insurance online in just a few clicks.

SBI Two wheeler Insurance Features & Advantages

• Third-party liability and comprehensive covers.
• Policy duration of up to 5 years.
• Protection against legal liabilities arising out of the use of your two-wheeler, towards third parties due to their bodily injuries/death of individuals and damages caused to their properties.
• Addresses losses or damages to your bike or scooter and its accessories due to fire, explosions, self-ignitions, accidental damages by external means, damages in transit by road/rail, inland waterway, lift/elevator or air, lightning, earthquakes, floods, typhoons, hurricanes, storms, tempest, inundations, cyclones, hailstorms, frost, landslides, rockslides, burglaries, thefts, riots, strikes, malicious acts and terrorist activities.
• Mandatory personal accident covers of 15 lakh rupees.
• Option to cover the pillion rider of your bike/scooter.
• A gamut of add-ons at extra cost.
• Avail refund on a pro-rate basis on the unexpired period for the first or second year in case of Total Loss/Combined Total Loss/ Theft claim.
• NCB transfer of up to 50%.
• Additional discount for insuring your two-wheeler without a break.
• Option to choose long term covers with no hassles of annual renewals.

 

SBI Bike Insurance Policies & Variants

• Motor Act Only-Two-Wheeler Third-party Policy: Legally-mandatory as perthe Motor Vehicles Act.

• Covers third-party liabilities only.
• Long term policy for 5 years.
• Personal accident covers at extra cost.
• Additional legal liabilities for paid drivers, conductors, and cleaners employed in the operation of the two-wheeler and employees travelling in/driving the bike/scooter other than paid driver are also taken care of by paying a small amount.

• Two-Wheeler Package Comprehensive Policy: Takes care of all the legal liabilities arising out of bodily injuries to and/or property damages of third parties due to accidents involving your ride.

• Covers accidental losses/damages to your bike or scooter caused by fire/explosion, self-ignition/lightning, burglaries, thefts, riots, strikes, earthquakes (fire/shock damages), floods, storms, hurricanes, typhoons, tempest, inundation, hailstorms, frost, cyclones, malicious/terrorist activities, whilst in transit by road/rail, inland waterways, lifts/elevators/air, landslides and rockslides.
• Compulsory personal accident cover.

• Long Term 2-Wheeler Insurance Policy-Package: A 360-degree cover that allows you to get insured for up to three years.

• Brings continued protection.
• NCB benefits and proportional refund provision.
• Considerable savings in the long run. 

 

SBI General Bike Insurance Major Exclusions

• Normal wear/tear and general ageing of your bike or scooter.
• Depreciation and consequential losses.
• Mechanical and electrical breakdowns.
• Contractual liabilities.
• Two-wheeler being used otherwise than in accordance withthe stated limitations.
• Driven by/in charge of an individual other than the driver, as mentioned in the driver's clause.
• Losses while driving without a valid license or under the influence of drugs/alcohol.
• Wars, mutinies, invasions, terror-attacks and nuclear-weapon-inflicted damages.

 

SBI General Insurance for Two-wheelers Discounts

• No-claim Discounts: If you do not make any claims throughout the year, you get a discount of 20% on the premium of the second year. It can go up to 50% for consecutive claims-free years. 
• Voluntary Discounts: Applicable if you choose to pay the minimum amount at the time of claim settlement.

 

SBI General Insurance Bike Premium Calculator

The premium for your SBI two-wheeler insurancepolicy is based on factors such asthe make/model, city, registration date, add-ons and the use of electrical or non-electrical accessories.

Alternatively, you may use established online insurance comparison portals like Quickinsure.co.in to explore SBI two-wheeler insurance rates, simplify and speed up the process of buying bike or scooter insurance.

 

SBI Two-wheeler Insurance Renewal & Application

One can apply for a new SBI two-wheeler policy or preferSBI online bike insurance renewalby viewing and comparing quotes online through premier insurance comparison platforms such as Quickinsure.co.in.

 

SBI Two-wheeler Insurance Review

Two-wheeler insurance policies from SBI are products of the joint venture between State Bank of India (SBI), Axis Bank Asset Management Co. Ltd and Premji Invest & Warburg Pincus Group. Founded and operational since 2009, and with 70% of the total capital owned by SBI, the country's largest state-owned banking and financial services company, it remains a credible name for cost-effective and transparent bike/scooter insurance plans.

 

SBI General Two-wheeler Insurance FAQs

 

Q: Who is eligible to buy SBI two-wheeler insurance?

Anybody who owns a two-wheeler, bike or scooter.

 

Q: How is IDV calculated for the SBI General Two-wheeler Insurance policy?

 

The IDV or Insured Declared Value is the maximum sum-assured determined by the insurer and the amount you would receive when the bike or scooter gets damaged or stolen.

 

Q: How long does it take for SBI General to settle two-wheeler insurance claims?

On most occasions, within 30 days from the receipt of all necessary documents needed for assessing the claim.

 

Q: What is the claim intimation procedure?

You may contact the toll-free number [ 1800 102 1111 ], SMS "CLAIM" to 561612 or email your details to customer.care@sbigeneral.in for the claim/reference number. Alternatively, one can also choose to fill-in the details on the official SBI General Insurance portal.

 

Disclaimer: The information shared is purely indicative. Please refer to the policy wordings for the most up-to-date and precise details.