Are you looking for a reliable and affordable bike insurance policy for your two-wheeler? If yes, then you might want to consider SBI General’s Two Wheeler Insurance Policy – Package. Which is a SBI bike insurance
This policy is a comprehensive plan that covers both third-party liability and own damage of your bike due to various natural and man-made calamities. In this article, we will tell you everything you need to know about SBI bike insurance 2023, including its features, benefits, add-ons, exclusions, and how to buy or renew it online.
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What is SBI bike insurance
SBI bike insurance is a product of SBI General Insurance, which is a joint venture between State Bank of India and Insurance Australia Group. General SBI Insurance offers a range of products for individuals and businesses, such as health, motor, travel, home, personal accident, and fire insurance.
SBI bike insurance is a type of motor insurance that protects your two-wheeler from various risks on the road. It covers the legal liability arising from an accident involving your bike that causes injury or death to a third party person or damage to a third party property. It also covers the loss or damage to your bike due to fire, explosion, theft, burglary, riot, strike, earthquake, flood, cyclone, landslide, etc.
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Overview Of SBI bike insurance
| Name Of Scheme | Launched By | Beneficiary | Objective | Official Website | Launched Year | Mode Of Application |
|---|---|---|---|---|---|---|
| Two Wheeler Insurance Policy – Package | SBI General Insurance Company Limited | Bike owners in India | To provide comprehensive protection to the bike and the owner against third party liability and own damage due to various natural and manmade calamities. | [1] | 2010 | Online or offline |
| Third-Party Bike Insurance | SBI General Insurance Company Limited | Bike owners in India | To provide coverage against third party liability in case of injury/death of any third party person, or damage caused to third party property by the insured bike. | [3] | 2010 | Online or offline |
What are the Exclusions of insurance?
SBI bike insurance does not cover some situations and events that are beyond the scope of the policy. Some of the exclusions of SBI bike insurance are:
- Loss or damage due to wear and tear, mechanical or electrical breakdown, depreciation etc…,
- Loss or damage due to war, civil unrest, nuclear radiation etc…,
- Loss or damage due to driving under the influence of alcohol or drugs, without a valid license or violating traffic rules.
- Loss or damage due to intentional or fraudulent acts by the policyholder or anyone acting on their behalf.
- Loss or damage due to consequential losses or indirect loss
How to Buy insurance Online or Offline
Please follow the below steps to buy SBI bike insurance Online
Buy Bike insurance Online
- Go to the official website of SBI General Insurance. @ Official Website
- Click on Motor and then Two Wheeler Insurance.
- Enter your vehicle registration number and click on Get a Quick Quote.
- Choose the type of policy you want: Third Party Liability or Two Wheeler Insurance Policy – Package.
- Fill in your personal details, vehicle details and previous policy details (if any).
- Select the add-ons you want to enhance your coverage, such as Return to Invoice, Protection of NCB, Nil Depreciation, etc.
- Review your policy details and premium amount.
- Make the payment online using a debit card, credit card, net banking or UPI.
- You will receive your policy document on your email address.
Buy Bike Insurance Offline
- Find the nearest SBI General Insurance branch office¹ or agent in your area.
- Visit the office or agent with your bike details and identity proof
- Fill the application form and choose the type of cover you want (third-party or comprehensive) and any add-ons you need.
- Pay the premium amount by cash, cheque, or card.
- Receive the hard copy of your policy document by courier at your registered address.
- Check the policy document for any errors and contact the insurer if you find any.
- Keep the policy document safe and renew it before the expiry date
- You can also check your policy status online or offline by various methods
- Enjoy the benefits of your SBI bike insurance policy such as financial protection, legal obligation, ancillary support, and peace of mind.
- Ride your bike safely and responsibly
Required Documents
- Proposal form for bike insurance, duly filled and signed by the vehicle owner
- Invoice of the vehicle if a new insurance policy is being bought
- RC book of the vehicle
- Identity proof of the proposer
- Address proof of the proposer
- SBI bike insurance policy copy
- SBI two-wheeler insurance claim form, filed and signed
- For cashless claims, original repair invoice of your bike
- Valid driving licence of the person driving at the time of the accident.
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How To Claim SBI Bike Insurance
You can easily and quickly claim your SBI insurance by following these simple steps:
- Contact SBI General Insurance as soon as you can after the incident. You can call them on their toll-free number 1800 22 1111 or email them at customer.care@sbigeneral.in.
- Fill out the online claim form on their website or their mobile app. You will need to provide some details about the incident, your policy number, and the documents that are needed for the claim.
- Select a cashless garage from their network where you can get your bike fixed or replaced. Alternatively, you can choose to pay for the repairs yourself and get reimbursed later.
- Submit the bills and receipts of the repairs or replacement to SBI General Insurance. You can do this online or by visiting their branch office.
- Receive the claim amount in your bank account or as a cheque. You can check the status of your claim online or by calling their customer care.
Why Choose SBI bike insurance
SBI Insurance has many advantages over other bike insurance providers in India. Some of the reasons to choose SBI bike insurance are:
- It has a wide network of cashless garages across the country.
- It offers a hassle-free claim settlement process with 24×7 customer support.
- It provides a no-claim bonus (NCB) for every claim-free year, which can be protected with an add-on cover.
- It offers attractive discounts and offers for online purchase and renewal of the policy.
- It has a high customer satisfaction rating and trustworthiness.
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How to Renew SBI Bike Insurance Online?
Renewing Insurance online is also very simple and quick. You can follow these steps to renew bike insurance online:
- Visit the official website of SBI General Insurance or use an online aggregator like Policybazaar or Insurance Dekho .
- Enter your policy number and mobile number and click on renew policy.
- Check the details of your existing policy and make any changes if required.
- Pay the renewal premium online using a debit card, credit card, net banking, UPI, etc.
- Download the renewed policy document and print it for future reference.
What are the Customer Reviews of SBI Bike Insurance?
Bike insurance has received many positive reviews and ratings from its customers. Some of the customer reviews of SBI bike insurance are:
- “I have been using SBI bike insurance for the last 3 years and I am very satisfied with their service. They have a good network of cashless garages and a quick claim settlement process. Their online purchase and renewal is also very easy and convenient.” – Ramesh Kumar
- “SBI bike insurance is one of the best bike insurance providers in India. They have a comprehensive coverage and affordable premium. Their customer support is also very helpful and responsive. I would recommend SBI bike insurance to everyone.” – Priya Sharma
- “SBI bike insurance is a reliable and trustworthy bike insurance policy. They have many add-ons to enhance the coverage and benefits. Their return to invoice add-on saved me a lot of money when my bike was stolen. I am very happy with SBI bike insurance.” – Rajesh Singh
How to Renew Bike Insurance Online?
Renewing bike insurance online is also very simple and quick. You can follow these steps to renew SBI bike insurance online:
- Visit the official website of SBI General Insurance or use an online aggregator like Policybazaar or Insurancedekho .
- Enter your policy number and mobile number and click on renew policy.
- Check the details of your existing policy and make any changes if required.
- Pay the renewal premium online using a debit card, credit card, net banking, UPI, etc.
- Download the renewed policy document and print it for future reference.
What are the Features and Benefits of Bike Insurance?
This Insurance offers many features and benefits that make it a comprehensive and reliable bike insurance policy. Some of the features and benefits are:
- Third-party liability coverage up to Rs. 1 lakh for property damage and unlimited for injury or death.
- Own damage coverage for repair or replacement of your bike or its parts due to various causes.
- Personal accident cover for the owner-driver up to Rs. 15 lakh for bodily injury or death while riding the bike.
- Return to invoice add-on that pays the difference between the invoice value and the claim amount in case of total loss or theft of the bike.
- Protection of NCB add-on that preserves your NCB even if you make one claim during the policy period.
- Nil depreciation add-on that covers the depreciation cost of your bike or its parts at the time of claim.
Frequently Asked Questions
Q .What is SBI bike insurance?
A .SBI Insurance is a comprehensive policy that covers your bike against various risks such as theft, fire, accident, natural calamities and third party liability.
Q .How can I buy SBI insurance online?
A .You can buy SBI insurance online by visiting their website or using their mobile app. You will need to provide some details about your bike, choose a plan and make the payment.
Q. How can I claim bike insurance?
A .You can claim bike insurance by contacting SBI General Insurance as soon as possible after the incident. You can register your claim online or by calling their toll-free number. You will need to provide some documents and choose a cashless garage or a reimbursement option.
Q .What are the benefits of insurance?
A . insurance offers benefits such as third-party liability coverage, loss or damage to the vehicle, personal accident cover, no claim bonus, and various add-ons to enhance your coverage.
Q . What are the exclusions of Insurance?
A .bike insurance does not cover any loss or damage caused by wear and tear, depreciation, mechanical or electrical breakdown, driving under the influence of alcohol or drugs, driving without a valid license or using the bike for illegal purposes
