SBI Bike Insurance

85 reviews Rate This
Highlights
    Network Garages16,000+
    Claim Settlement Ratio89.51% in FY20
    Third Party CoverAvailable
    Customers6.8 crore till date
    AccreditationiAAA Rating by ICRA
    Presence125 locations

    SBI General Bike Insurance

    SBI General Insurance Limited is one of the most renowned names in the insurance sector of India. It is a government-owned corporation founded in the year 2001. In 2010 State Bank of India and Insurance Australia Group decided to collaborate and become an insurance provider. The coming together of two big businesses to provide one service has added value in the field of bike insurance and other insurance products as well. All the business operations were running well in the company. In the year 2018, it decided to sell 30% of its stakes. Now 26% of its stakes lie with IAG and the rest 4% lies with Axis Assets Management Co.

    The company works in various dimensions of insurance such as Life Insurance, Health Insurance, Bike Insurance, etc. It is offering both car and bike insurance to the customers. Along with that, it has stepped into various other forms of business-like strategic tie-ups in Pension Funds, Custodial Services, Mobile Banking, Private Equity, Point of Sale Merchant Acquisition, Structured Products, Advisory Services, etc. With each service of insurance like bike insurance, car insurance, health insurance, etc, the company is increasing its network. It has successfully created a wide customer base.

    The SBI General Insurance has now spread its operations related to bike insurance and other services in every corner of the country. It has around 22,000 branches in approx 110 cities of India. It has also set up around 10 branches in rural areas. It has also received iAAA rating for providing the highest claim settlement. It is growing at a fast pace with a mission to provide simple and innovative bike insurance and other insurance solutions, solve all their queries and build a sustainable business for the future.

    SBI Bike Insurance

    SBI General Insurance Company Limited is one of the best insurance providers in India. For two-wheelers, they offer three types of insurance based on the coverage they provide. The first is third party insurance, this type of cover is compulsory for every two-wheeler riding on Indian roads according to the Motor Vehicles Act of 1988. If found to have not purchased this type of insurance you can be fined Rs 2,000 and/or be imprisoned for up to 3 months. For own-damage coverage, you can purchase a standalone own-damage cover. This type of insurance will compensate for the damage to the policyholder’s two-wheeler for cases of vandalism, theft, road accidents, natural and manmade calamities. The third type of insurance available for two-wheelers is comprehensive insurance. As the name suggests, the plan takes care of both own-damage costs and third party liabilities in case of a mishap, all under a single premium. If you are looking for the most convenient and hassle-free option a comprehensive plan is what you need.

    SBI also offers a wide range of add-ons with their own-damage insurance covers. These add-ons offer coverage for aspects that are otherwise excluded from the insurance plans. If chosen thoughtfully they can make a significant difference at the time of claim settlement. Some useful add-ons that you should definitely consider include the zero depreciation cover, protection of NCB cover, the tyre damage cover and the return to invoice cover. SBI offers a wide network of network garages, quick claim settlement and NCB for their own-damage covers.

    Significant Points of SBI Bike Insurance

    Features

    Coverage

    Third Party Insurance Property Damage

    Up to Rs 1 lakh

    Own Damage Cover

    Determined by the IDV of the Two-wheeler

    Personal Accient Cover

    Up to Rs 15 Lakh

    Assitance for Claim Settlement

    Available 24x7

    What is your bike's brand?

    • Hero
    • Honda
    • TVS
    • Bajaj
    • Yamaha
    When did you buy your bike?
    20052019
    Have you made a claim in the previous year?

    Benefits of SBI Bike Insurance

    • A wide network of 16,000+ garages
    • Ample amount of insurance products
    • Quick and swift claim settlement process
    • Digitally enabled insurance solutions provided
    • Allows the policyholders to make unlimited claims.

    SBI Bike Insurance User Reviews

    Write your review
    What users are saying
    • All
    • Most Helpful
    • Easy way to insurance renewal

      Very fine and hassle-free services. It took a matter of minutes and an instant renewal of my car. Very descrip...

      S
      By Selvakumar Venkatachalam
      On: March 16, 2021
    • So easy to renew or buy Defini...

      It was awesome, there was no mandatory need to register in site, create account, go office etc etc. Completely...

      A
      By Ashis Kumar Lakra
      On: March 2, 2021
    • Good policy and good two wheel...

      Nice and good two wheeler insurance company and good luck with the following link to the following link to the...

      V
      By VIVEK KUMAR KUSHWAHA
      On: February 12, 2021
    • Insurance for two wheeler

      Ist time I tried from my mobile phone And how easily I successfully completed my payment also It's very nice,...

      K
      By KEWALSINGH RAJWAL
      On: February 4, 2021
    • best policy comparer

      hassle free experience. please go for it. don't go for any third party agents. chek your policy on insurancede...

      T
      By TANMAY DAHITULE
      On: January 31, 2021
    • Easy to navigate

      The best experience in terms of booking insurance so far. Thank you and looking forward to continue to use the...

      R
      By Runi Raha
      On: January 11, 2021
    • Easy and convenient

      Hassle-free, easy and convenient process to buy the insurance policy online at the comfort of home. Thanks a l...

      A
      By ADARSHA A
      On: January 3, 2021
    • Ease of purchase

      Processing is smooth and comfortable from comparing all quotes, purchase, and payments. I recommend this platf...

      S
      By SHAIK ENAYATHULLA
      On: December 25, 2020
    • Easy to understand and pay

      It was a great experience, after comparing insurance on different portals, I realized that this is the perfect...

      R
      By RABIN MAHAKUD
      On: December 25, 2020
    • Two wheeler insurance

      I am using this portal for the first time. It was a very good experience. So I can refer this company to my fr...

      S
      By SUDARSANAM P
      On: December 15, 2020
    • Easy way to insurance renewal

      Very fine and hassle-free services. It took a matter of minutes and an instant renewal of my car. Very descrip...

      S
      By Selvakumar Venkatachalam
      On: March 16, 2021
    • Easy to navigate

      The best experience in terms of booking insurance so far. Thank you and looking forward to continue to use the...

      R
      By Runi Raha
      On: January 11, 2021
    • Easy and convenient

      Hassle-free, easy and convenient process to buy the insurance policy online at the comfort of home. Thanks a l...

      A
      By ADARSHA A
      On: January 3, 2021
    • Ease of purchase

      Processing is smooth and comfortable from comparing all quotes, purchase, and payments. I recommend this platf...

      S
      By SHAIK ENAYATHULLA
      On: December 25, 2020
    • Easy to understand and pay

      It was a great experience, after comparing insurance on different portals, I realized that this is the perfect...

      R
      By RABIN MAHAKUD
      On: December 25, 2020
    • Two wheeler insurance

      I am using this portal for the first time. It was a very good experience. So I can refer this company to my fr...

      S
      By SUDARSANAM P
      On: December 15, 2020
    • Great Experience

      The website of InsuranceDekho was very good. I am very happy to rate & review the experience with InsuranceDek...

      N
      By NILAM KUMARI
      On: December 14, 2020
    • Excellent service

      I got SBI general insurance plan with the help of Insurance Dekho. The Claim Settlement Ratio of the company i...

      S
      By SUKANTA SAHU
      On: December 12, 2020
    • Smooth and Fast

      InsuranceDekho helped me in renewing my Insurance policy for Royal Enfield classic 350 instantly before it's e...

      Read More
      P
      By Pankaj Pathak
      On: November 13, 2020
    • Renewed my policy in no time

      I got my SBI bike insurance policy that I bought for my Hero Maestro Edge 125 bike renewed instantly at Insura...

      Read More
      H
      By Harsh Sampat
      On: July 10, 2020

    Insurance Products by Sbi General Insurance

    SBI Two-Wheeler Insurance FAQs

    • How can I apply for the SBI Two-Wheeler Insurance plan?

      Two-wheeler owners can get SBI Two-Wheeler Insurance through various channels such as:

      • By calling their helpline number 1800-102-1111 or writing email their customer service to get the required assistance.
      • By visiting the official website. All you need to do is click on the ‘Buy Online’ tab available on the official website.
    • What are the key features of SBI General Two-Wheeler Insurance?

      There are several features offered by SBI General Two-Wheeler Insurance such as:

      • Customized pricing model according to the customer’s convenience.
      • Additional discounts for uninterrupted vehicle insurance.
      • Quick claim settlement with a featured ratio of 89.51% in FY20.
    • How can I check the status of my policy?

      You can check the status of your policy by making an online registration. You can simply log in to the website using your username and password to check the status.

    • Does it have a provision for No Claim Bonus?

      Yes, SBI General Insurance does offer No Claim Bonus to its policyholders if they have not made any claim during the whole policy period. They can get a discount of up to 50% on own-damage premium.

    • How many cashless garages does SBI Insurance have?

      SBI Insurance has a network of more than 16,000 garages all over the nation. The customers can go there to get cashless repair and replacement services.

    Why to buy from InsuranceDekho?

    • Instant policy# within 5 mins
    • More than 11.5 Lac happy customers
    • Claim Support available all 7 days of the week

    SBI Bike Insurance Contact Details

    For any assistance or query, call us on:

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    Disclaimer

    Every detail provided in this website is for information purpose only. InsuranceDekho, under no circumstances, endorses the information provided. However, we are constantly doing our best to keep our privileged customers up-to-date with neutral and factual information.

    #Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.