While buying a two wheeler is great, your job does not end with the purchase. You must also ensure that this asset is protected against all risks including loss or damages.
Hence, SBI General Insurance provides comprehensive two wheeler insurance for vehicle owners so that they don’t have to worry about a thing. The company offers plans that offer third party coverage, quick settlement and lucrative discounts for customers aged between 25 to 55 years. This makes the company a reliable provider in the two wheeler insurance space.
Disclaimer: The above mentioned prices are for a 2 year old Hero Honda Karizma R 223 CC, registered in Navi Mumbai & previous policy has expired.
SBI Two wheeler Insurance Policy can be tailor-made for your bike to get insurance. It is important to understand the coverage before actually opting for a two wheeler insurance policy. It is essential to cover your bike sufficiently to protect it from theft, damage or accident.
This policy covers any damage or loss to your two wheeler due to any of the following things:
This policy is mandatory by the Motor Vehicle Act 1988 for all the vehicles plying on the Indian roads. It offers the below coverage:
SBI Two wheeler insurance offers amazingly unique add-on covers that offers an extra touch of protection at a minimal rate. These add-ons enhances your basic insurance policy by paying an additional premium.
Pillion Rider
The SBI Two Wheeler Insurance Company offers a maximum sum insured of Rs.1 lakh under which the pillion also gets covered by paying an extra premium
Increment on the Personal Accident Cover
The SBI Two wheeler Insurance Company offers an add-on where you can increase the amount of the personal accident cover from Rs.1 lakh to any amount by paying a minimal extra premium.
You are eligible for a NCB discount on your own-damage premium for every claim-free year .It starts with 20% for the first year and can go as high as 50% over 5 consecutive claim-free years. The best part is you can retain this discount, even if you wish to sell the current bike and purchase a new one.
The following table shows the NCB grid:
| No. Of Years | Discount |
|---|---|
| One claim-free year | 20% |
| Two consecutive claim-free years | 25% |
| Three consecutive claim-free years | 35% |
| Four consecutive claim-free years | 45% |
| Five consecutive claim-free years | 50% |
A deductible is nothing but an amount that you need to pay out during an accident or mishap. This deductible plays a major role in determining your two wheeler insurance premium.
Higher the deductible, lower would be your two wheeler insurance premium. If you know you are a safe and responsible driver, opt for a higher voluntary deductible. This will help in getting the lowest two wheeler insurance. Here, a voluntary deductible of 25% on the Own Damage premium to a maximum of Rs.750
If your bike is a member to any of the recognized Automobile Associations of India then can fetch you an extra discount
If your two wheeler is fitted with ARAI approved anti-theft devices, you are eligible for an additional discount up to 2.5% on your own-damage premium.
This Company offers a tenure discount of 5% on the Own Damage Premium if you opt for a 2 year policy and 8% if you opt for a 3 year policy
The SBI Two Wheeler Insurance Policy offers a specialized discount for specially modified vehicles for the blind, mentally challenged and handicapped of 50% of the own-damage premium.
In case of an accident or an unfortunate event or loss, do follow the below step-by-step, easy and hassle-free claim process:
With a strong network of cashless garages across India, SBI Two wheeler Insurance can make doorstep arrangements for fresh or renewal policy covers. The company scores brownie points when it comes to providing benefits or services compared to the premiums charged. Additionally, with their 'Increase in Personal Accident add-on cover' you can be assured that you are covered with all your need for the bike insurance. Thus, if you are looking to buy a comprehensive two wheeler insurance package with an affordable budget, SBI Two wheeler insurance should be your definite choice.
You can pay SBI two wheeler insurance premium online through netbanking, credit card, debit card, etc. or can pay it at the nearest branch.
SBI two wheeler insurance policy status can be checked online through the insurer’s website or by visiting the nearest branch.
Renewal of SBI 2 wheeler insurance is easy and hassle free. All you need to do is submit a previous policy number, registration certificate, identity proof and address proof. Make the payment and the policy is generated instantly, You can renew SBI 2 wheeler insurance online on Coverfox
SBI general two wheeler insurance claim settlement process is easy. All you need to do is submit the required documents and information to the company. Your claim will then be processed as per the policy terms and conditions.
The documents required to make a motor insurance claim are: identity proof, address proof, registration certificate, FIR copy, etc.
No claim bonus is the discount you are eligible to receive on the premium in case of making no claim in one policy year
The maximum limit of NCB is 50% which can be claimed in case of five consecutive claim free years
