SBI Two-Wheeler Add-Ons
|Claim Settlement Ratio||89.51% in FY20|
|Third Party Cover||Available|
|Customers||6.8 crore till date|
|Accreditation||iAAA Rating by ICRA|
SBI Bike Insurance Add-On Covers
Add-on covers in bike insurance are additional benefits that can be purchased along with a standard bike insurance policy to extend coverage. You can select voluntarily add-on benefit(s) with a standalone own-damage bike insurance policy or a comprehensive bike insurance policy. As the add-on covers offer you wide coverage, they come at an extra premium. SBI General offers beneficial add-on covers that offer you complete coverage.
- Save upto 75%*Lowest Bike Premiums
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*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
SBI - 2 Important Add-On Covers For Your Bike Insurance Policy
SBI General Insurance offers affordable add-on covers that are most popular and are commonly found with most bike insurance policies. Know more about them below:
1. Return to Invoice: If you buy this add-on cover along with your bike insurance policy, then the company covers you in case of a financial shortfall (if any) between the amount you receive under Section I of the policy and the purchase price of the vehicle as specified in the sales invoice. It also covers you for the first time registration charges in case of theft/total loss of the vehicle during the policy period.
2. Protection of NCB: Usually, the insurers do not count the No Claim Bonus in case of a claim. But if you own the add-on cover of protection of NCB, then you can retain the existing No Claim Bonus of the expiring policy at the time of policy renewal. Note that this add-on cover can be availed for only a single claim during the policy period.
You can choose the most suitable add-on cover as per your requirement and budget. However, it is not mandatory to buy add-on covers with a bike insurance policy. But buying it can offer you greater protection.
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Must Read Articles before buying Sbi Bike Insurance
All You Need to Know About SBI Two-Wheeler InsuranceRead the article to know about the benefits, coverage and exclusions offered under the SBI Two-wheeler insurance plan.
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Super easy site
Nice experience tried for the first time but better than the insurance the vehicle showrooms gives us. happy w...
The ease of selecting the policy of your choice from various insurers along with the list of prices available ...
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Very smooth and seamless experience. Not much time taken. All the information was captured and details of pre...
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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 ...
Sbi general insurance
I searched many more for renew of my two wheeler insurance 2018 model facing including nil dip pa 15laks all t...
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...
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SBI Bike Insurance Add-On Cover FAQs
How many add-on covers are offered by SBI General Insurance for bike insurance plans?
The SBI General Insurance offers 2 add-on covers which you can include in your bike insurance plan such as Return to Invoice and Protection of NCB.
Is it compulsory to purchase an add-on cover to be included in bike insurance cover?
No, it is not at all compulsory to include an add-on cover in your bike insurance policy and it is totally up to you to either opt for an add-on cover or to enjoy the insurance cover as it is.
When can I purchase the SBI bike insurance add-on covers?
You can easily purchase the bike insurance add-on covers either at the time of SBI bike insurance policy purchase or during the bike insurance policy renewal process.
Will I have to pay for an additional premium to avail bike insurance add-on covers?
Yes, you will be required to pay for a little extra premium amount to include an add-on cover in your bike insurance policy and use it to enhance the coverage of your insurance cover. The cost of the opted bike insurance add-on cover will be specified in the policy document or online purchase portal of the insurance company.
How many bike insurance add-on covers can I opt for at a time?
There is no such limit on the number of add-on covers that you can purchase together to include in your bike insurance policy. Therefore, you can always opt for as many add-on covers as your wish to add in your insurance cover at a time.
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