SBI Own Damage Bike Insurance
|Claim Settlement Ratio||89.51% in FY20|
|Third Party Cover||Available|
|Customers||6.8 crore till date|
|Accreditation||iAAA Rating by ICRA|
SBI Standalone Own-Damage Bike Insurance Policy
Driving a bike or a scooter comes with certain risks and this can be a source of anxiety for you and your family members. You can negate some of the risks of the road by purchasing insurance for your two-wheeler. It will give you and your two-wheeler a layer of protection by giving compensation for the cost of damages in the event of a mishap of some sort. Moreover, if you purchase an own-damage cover it will take care of own-damage costs for many possible circumstances including the damage caused due to a road accident, case of vandalism, theft, natural or manmade calamity or fires. If purchased alongside the compulsory third party insurance the plan is sure to provide all-round protection for the insurance holder in times of crisis. Additionally, you can also purchase add-on covers which will further enhance your standard policy’s coverage.
Standalone Own-Damage Insurance V/S Third Party Insurance V/S Comprehensive Insurance
SBI Third Party Insurance
SBI Standalone Own-Damage Insurance
SBI Comprehensive Insurance
SBI’s third party insurance for two-wheelers will provide the policyholder with compensation for third party liabilities in case of a mishap including the cost of property damage, bodily injuries and death. They offer up to Rs 1Lakh for property damage.
SBI’s standalone own damage insurance for two-wheelers will provide the policyholder with compensation for own damage costs under several different possible circumstances such as cases of theft, road accidents and vandalism to name a few.
SBI’s comprehensive insurance plan for two-wheelers will provide the policyholder with compensation for both own damage costs and third party liabilities in the event of a mishap under a single premium. Insurance holders can also opt for a personal accident cover with it.
SBI General Insurance does not offer its policyholders add-on covers with third party insurance.
SBI General Insurance offers several add-on covers with standalone own-damage covers.
SBI General Insurance offers several add-on covers with comprehensive insurance plans.
SBI third party two-wheeler insurance covers are the least expensive but offer the most basic and compulsory coverage to the insurance holder.
SBI standalone own damage two-wheeler insurance covers are more expensive than third party insurance covers as they offer better coverage to the insurance holder.
SBI comprehensive two-wheeler insurance plans are more expensive than third party or standalone own-damage cover because they take care of both aspects under a single premium.
What is Covered Under an SBI Standalone Own-Damage Policy?
Following are the aspects that are covered under an SBI standalone own-damage two-wheeler insurance policy:
- Accidents that occur on the road and damage the two-wheeler.
- If the two-wheeler catches on fire or there is an explosion of some sort.
- If there is a case of total loss or a stolen two-wheeler cannot be traced.
- Natural or manmade disasters that damage the two-wheeler.
What is Not Covered Under an SBI Standalone Own-Damage Policy?
Following are the aspects that are not covered under an SBI standalone own-damage two-wheeler insurance policy:
- Some form of mechanical or electrical failure that causes the two-wheeler to break down.
- Illegal driving or misuse of the two-wheeler that leads to an unfortunate event.
- Depreciation, i.e., the lowering value of the two-wheeler due to natural wear and tear.
- An unfortunate incident that occurs outside India.
- Save upto 75%*Lowest Bike Premiums
- 11.5 Lakh+Happy Customers
- Claim Support7 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
Benefits of SBI Standalone Own-Damage Policy
Following are the benefits of purchasing an Oriental Two-Wheeler Insurance Policy:
- It will take care of your own damage costs in the event of a mishap in many different circumstances.
- As a reward for safe driving the insurance provider will give you no Claim Bonus for every claim-free year.
- You can purchase add-on covers that can further strengthen the coverage of your existing insurance policy.
How To Purchase an SBI Standalone Own-Damage Policy?
Following are the steps you need to take to purchase an SBI Two-Wheeler Insurance Policy:
Step 1: Go to the InsuranceDekho website and then select the two-wheeler insurance option.
Step 2: Next you need to enter your two-wheeler’s registration number. If you do not have the registration number of the two-wheeler, however, you can enter its make, model and registration year instead.
Step 3: After this provide your personal details, i.e., your name and contact number in the given section. Once done select the ‘Submit and Get Quotes’ button.
Step 4: The quotes will be visible on your screen. All you need to do is select the one offered by SBI General Insurance and also select any add-on covers you would like to purchase with it.
Step 5: Once you pay for your SBI two-wheeler insurance policy and the policy document will be sent to your registered email ID.
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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 ...
good job guys
great experience and fast outputs in terms of high end bikes too, very rare to find such good value policy in ...
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Hasle free system devised by the Service provider, M/s Insurance Dekho rendered my renewal policy smooth and E...
Good interface and sync with s...
Very smooth and seamless experience. Not much time taken. All the information was captured and details of pre...
Clear, Transparent, Easy, Cost Effective with many options to select . No phone call verification instant poli...
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...
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I had a smooth bike insurance renewal experience. the website was easy to navigate and seems very user friendl...
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