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

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.

What All Is Not Covered Under SBI Third Party Bike Insurance Plan?

The third party insurance policy offers limited coverage for bike insurance and different points go uncovered. Here are some points which are not covered under the third party bike insurance plan:

• No optional personal accident cover is provided
• No coverage for damages incurred by the insured’s bike
• No compensation for injuries sustained by the policyholder.