SBI Two-Wheeler Insurance

SBI is an Indian multinational, public-sector banking and financial services institution that was nationalized in 1956. With a network of more than 17,000 branches in India and 190 branches overseas, SBI has its footprints worldwide. SBI General Insurance is an amalgamation between the SBO and Insurance Australia Group (IAG). SBI General Insurance provides motor, health, personal accident, and home insurance policies to meet different insurance needs of the people. For the businesses, SBI General Insurance offers aviation, fire, marine, group personal accident and other insurance policies of similar types.

Features of SBI Two-Wheeler Insurance

Here are some of the highlights of SBI Two Wheeler Insurance:

• SBI provides the customized insurance model based on the profile of policyholder in case of two-wheeler insurance.
• If the policyholder insures the vehicle regularly, then SBI offers an additional discount on the premium of insurance renewal.
• For the customers that are aged between 25 and 55 years, some concessions are provided on the premiums.
• SBI provides a facility for transferring the full benefits of 'No Claim Bonus' when the motor insurance policy is shifted to another insurer.
• The new customers can easily apply for an insurance policy online, and the existing policy-holders can renew the policy online without any hassles.
• SBI also has various add-on covers for the benefit of policy-holders.

SBI Two-Wheeler Insurance Coverage

SBI offers a comprehensive cover against the following risks under SBI Two-Wheeler Insurance policy:

• The plan extends coverage against any third-party liability occurs due to accidents causing bodily injury or death to a third-party and damages to the property of a third-party.
• Damage caused to the two-wheeler or its accessories due to fire, accidental damage, self-ignition, an explosion by external means is covered.
• Losses caused to the vehicle through natural calamities such as floods, typhoons, hurricane, rockslide, frost, earthquake, storm, tempest, inundation, hailstorm,  and lightning is covered under the insurance cover.
• The SBI insurance policy includes the cost incurred from the damages to the vehicle during transit by road, rail, inland waterway, air, elevator or lift.
• The SBI policy also covers the damages caused due to burglary, theft, strike, riot, terrorist activity, and other malicious acts.

SBI Two-Wheeler Insurance Add-on Covers

Following are the add-on covers provided by SBI General Two-Wheeler Insurance:

• SBI  offers a compulsory personal accident cover of Rs.1 lakh for the individuals holding a valid driving license. This cover is not provided to company-owned vehicles.
• For a maximum capital sum of Rs.1 lakh, the pillion rider on the two-wheeler can also be covered.
• Higher limits in personal accident cover can be added.

Exclusions of SBI Two-Wheeler Insurance

Given below is the list of significant exclusions that are not covered:

• Damage caused to the two-wheeler or accessories due to normal wear & tear and general aging.
• Depreciation or the consequential loss of the vehicle will not be protected.
• If the vehicle is being used irrespective of limitations mentioned in the insurance policy, then the damage incurred will not be compensated.
• Damage caused by the actions of war, mutiny or any nuclear activities will not be covered under the insurance cover.
• Damage caused to the person driving the two-wheeler without having a valid driving license will not be covered. Similarly, the damage caused by a person under the intoxication of alcohol or drugs will not be paid under the insurance policy.

How to File SBI Two-Wheeler Insurance Claim?

To file a claim in an accident, please get in touch with SBI within 24 hours through your policy number. One can use the SBI toll-free number or visit any of the nearest physical centers to get in touch with an SBI representative. After assessing the damage, the surveyor will specify a list of documents that the policyholder is required to submit for the completion of the claim process.

Also, read about the Two-Wheeler Loan EMI Calculator

SBI General Two-Wheeler Insurance Premium Calculator

Before buying the bike insurance from SBI General Insurance, one can calculate the premium amount on the coverage online. For this select the ‘Motor Two-Wheeler’ under the ‘Motor Insurance’ tab. Click on ‘Get A Quote’ button to reach the premium calculator page. Fill in the below-mentioned necessary details, enter the verification code and click on ‘Calculate Premium’ tab to get the results.

• Vehicle Model
• Vehicle Make
• Year of Manufacturing
• Location of RTO
• Suggested IDV (In INR)
• Mobile Number
• Type of Fuel
• Date of purchase/Registration
• Email
• City of RTO
• Choose add-on covers

SBI Two-Wheeler Insurance Contact Details

If you want to buy or renew the two-wheeler insurance policy from SBI General Insurance or have few concerns that are required to be addressed, contact through the below-mentioned communication channels with the customer care team.

SBI General Two-Wheeler Insurance Helpline Number

Policyholders and the new customers who require assistance regarding SBI Bike insurance policy may get on-call support from the customer care team. The customers can also file claims or get more details on the products offered by the two-wheeler insurance company. The customer care team can be approached by calling on the below-mentioned number: 1800 22 1111 and 1800 102 1111

FAQs

Q1. If I have misplaced the insurance policy for my vehicle, how can I get the duplicate copy?

By paying the nominal fee of Rs.50, one can get a duplicate copy from any of the nearest SBI General offices.