Sbi Third Party Bike Insurance

SBI Bike Insurance

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  • Claim Settlement Ratio 88.76% in FY18
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  • Offers 16000+ cashless network garage services across India.
  • A network of more than 16,000 cashless garage
  • Approx 17,274 branches nationwide
  • iAAA rating for highest claim settlement
  • Presence in more than 77 Indian cities

​SBI Third Party Bike Insurance

SBI General Insurance has earned the trust of thousands of people over time by providing assistance during any uncertainties of life. With the third party bike insurance policy provided by the SBI General Insurance, policyholders can fulfil the mandatory requirement of the Indian Motor Tariff Act as well as stay protected against the third party liabilities. This policy covers all your legal and financial liabilities of the insured’s bike to the third party.

SBI General Insurance has tried to enhance the experience of the policyholders with its online portal and their active help desk service. The third party bike insurance policy covers the third party damage, loss or death caused due to any mishap involving the insured’s bike.

SBI Third Party Bike Insurance vs Comprehensive Bike Insurance

Basis

Third Party bike

insurance

Comprehensive bike

insurance

Coverage

The policy provides coverage for financial and legal liabilities to the third party only.

This policy provides coverage for both third party and own damage incurred by the insured’s bike.

Nature of Requirement

As per the Indian Motor Tariff Act, it is a statutory requirement

This policy depends on personal preference and therefore, it is optional.

Add-ons Availability

The third party bike insurance policy does not offer any add-on to the policyholders.

Policyholders can stretch the coverage of the comprehensive bike insurance policy by opting for various add-ons.

Cost

The premium of this policy is relatively low as it provides limited coverage.

The extensive coverage provided by this policy makes the premium comparatively higher.

What All is Covered Under SBI Third Party Bike Insurance Policy?

The SBI third party bike insurance policy provides coverage for the following.

  • Financial liabilities of third party property damage: The third party bike insurance policy bears the expense of any property damage of the third party caused by the insured’s bike. The insurer provides compensation for third party property damage up to Rs. 1 Lakh.
  • Bodily injuries/loss of life of the third party: Any bodily injuries, disability or loss of life of the third party caused by the insured’s bike gets compensated by the third party bike insurance policy. The compensation amount is decided as per a court of law.

SBI Bike Insurance User Reviews

71 reviews Write a Review
  • 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 InsuranceDekho platform. Getting my plan renew...

    Read More
    H
    Harsh Sampat
    On: July 10, 2020 | Views
  • Received complete claim easily

    With SBI insurance, I could easily get my claim request settled that I made for my TVS Apache bike. The team of InsuranceDekho helped me make the clai...

    Read More
    V
    Vivek Lal
    On: July 9, 2020 | Views
  • Commendable claim support

    I purchased a SBI insurance policy from InsuranceDekho for my Honda Unicorn BS6 bike. The team of InsuranceDekho offered me excellent support in getti...

    Read More
    R
    Raghav Irani
    On: July 3, 2020 | Views
  • Simple to renew a policy

    With the Insurance Dekho platform, I was able to renew my SBI insurance policy for my TVS Star City Plus bike in just 2 steps which took just a few mi...

    Read More
    R
    Ramesh
    On: June 26, 2020 | Views
  • Exceptional services offered

    I bought the SBI insurance plan for my Gixxer SF bike last year through InsuranceDekho. I am very happy and amazed with the service of the insurer aft...

    Read More
    A
    Aman Khare
    On: June 25, 2020 | Views

SBI Third Party Bike Insurance FAQs

  • Can I stretch the coverage of the third party bike insurance policy?

    No, you cannot stretch the coverage of the third party bike insurance policy as it does not offer any add-on covers. It provides basic coverage. For extensive coverage, you can opt for the comprehensive bike insurance policy or club the third party insurance plan with a standalone own-damage bike insurance plan

  • How can I buy the SBI third party bike insurance policy?

    You can buy the SBI third party bike insurance policy in the following ways.

    • On the official website of SBI bike insurance
    • By dialling the toll-free number 1800 22 1111
    • By visiting the nearest branch
  • Can I check the status of my SBI third party bike insurance policy online?

    You can check your policy online very easily by logging onto the official website of SBI General Insurance. You have to get registered on the website to enjoy this benefit.

  • How can I pay the premium of the third party bike insurance policy?

    You can pay the premium of your SBI third party bike insurance policy in these two following ways.

    • Cash payment at the branch
    • Online payment using debit card, credit card or net banking
  • Can I get a duplicate copy of my policy documents?

    Yes, you can get a duplicate copy of your policy documents offline. For the copy, you have to visit the branch of SBI General Insurance and submit a request. The insurer may charge a nominal fee of Rs. 50 for the copy.

SBI Bike Insurance Contact Details

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