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SBI Bike Insurance

105 reviews Rate This
    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



    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

    Bike insurance starting from Rs.482/year*
    • Save upto 75%*
      Lowest Bike Premiums
    • 11.5 Lakh+
      Happy Customers
    • Claim Support
      7 days a week

    *TP price for less than 75cc two-wheeler. All savings/offers are provided by the Insurers which are subject to modification. Terms and conditions apply

    Calculate Your Bike Insurance

    Select your bike's brand
    • Hero
    • Honda
    • TVS
    • Bajaj
    • Yamaha
    Which city is your bike registered in?
    • Ahmedabad
    • Bangalore
    • Chandigarh
    • Chennai
    • Gurgaon
    When did you buy your bike?
    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
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    • Price
    • Cashless Garages
    • Comprehensive
    • Claim
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    • Premium
    • Add On
    • Super easy site

      Nice experience tried for the first time but better than the insurance the vehicle showrooms gives us. happy w...

      TVS NTORQ 125 Indore
      On: June 5, 2022
    • Blazing Fast

      The ease of selecting the policy of your choice from various insurers along with the list of prices available ...

      Hero Maestro Moga
      On: May 19, 2022
    • good job guys

      great experience and fast outputs in terms of high end bikes too, very rare to find such good value policy in ...

      Harley-Davidson Harley Davidson Street 750 Kolkata
      On: May 9, 2022
    • good serves

      best insurence company good servis ...

      Bajaj CT100 Bangalore
      By MONAPPA
      On: April 19, 2022
    • Super Service

      Hasle free system devised by the Service provider, M/s Insurance Dekho rendered my renewal policy smooth and E...

      Honda CB Unicorn 150 Bangalore
      By JAYARAM H
      On: April 8, 2022
    • Good interface and sync with s...

      Very smooth and seamless experience. Not much time taken. All the information was captured and details of pre...

      TVS Jupiter Thane
      On: April 4, 2022
    • superb Experience

      Clear, Transparent, Easy, Cost Effective with many options to select . No phone call verification instant poli...

      Ather Energy Ather 450X Chennai
      On: February 21, 2022
    • It was excellent

      Experience was good, but it said booking done and i am yet to get the policy, Hopefully i should get in a day ...

      Suzuki Access 125 Bangalore
      On: January 7, 2022
    • Sbi general insurance

      I searched many more for renew of my two wheeler insurance 2018 model facing including nil dip pa 15laks all t...

      Yamaha Fascino Hyderabad
      On: January 2, 2022
    • Good place for buying bike ins...

      I had a smooth bike insurance renewal experience. the website was easy to navigate and seems very user friendl...

      Honda Activa 6G Marthandam
      By JOSHNA J U
      On: October 30, 2021

    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.

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    SBI Bike Insurance Contact Details

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