All You Need To Know About SBI Two-Wheeler Insurance
Published On Jul 21, 2021, Updated On Jul 22, 2021
Read this article to find out the features and benefits of purchasing your bike insurance from SBI General Insurance
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Bike insurance is one of the most important documents that help you in times of financial emergencies that arise during any accidents. Therefore, it is very essential to purchase an insurance policy that offers optimal coverage at an affordable premium. However, it is more crucial to purchase your bike insurance from a company that is reliable. This will take off the burden of arranging finance in stressful situations like bike accidents. Based on the cooperation of the State Bank of India and Insurance Australia Group (IAG), SBI General Insurance Company Limited began operations. To make insurance accessible for everyone, SBI offers a range of products for retail and commercial purposes.
Benefits of Purchasing Bike Insurance At SBI General Insurance
Comparing multiple bike insurance policies before finalizing one is highly important to purchase the policy that suits your needs the most. It is wise to have multiple parameters to compare different bike insurance plans. The following is an overview of a few perks of purchasing your bike insurance with SBI General Insurance -
Reliable And Genuine
When you purchase bike insurance, it is very common to come across fraudulent websites that sell unauthentic and fake insurance policies. Thus, it is very important to cross verify the authenticity of the firm before you purchase your bike insurance. SBI is a reputed insurance company that has been providing services since 2010. Thus, it has good experience in settling claims and is also accountable.
Adequate Coverage At Affordable Cost
The most important thing that you should take note of is the coverage of the bike insurance plan. While you may want to go for a less expensive plan, it is wiser to choose a plan that provides you with the optimal coverage that you require. At SBI, you can get cost-effective and affordable bike insurance plans. While comparing plans, you can get your insurance quote within minutes after entering the details of your car. So, you can ensure to purchase a plan that fits your needs at an affordable price.
Discounts On Premium
While having adequate coverage is essential, it is equally essential to have an affordable premium. The whole point of investing in bike insurance is to be more financially stable and prepared. However, it would mean no better if your premium is another burden on your shoulder. At SBI, you can avail of attractive discounts along with the No Claim Bonus for every claim-free policy year. This way, you can have an affordable premium for your bike insurance policy. The best part of NCB is that it is transferable. You can transfer your No Claim Bonus component from one policy to another or from another insurance firm to SBI General Insurance. With discounts of up to 50%, you can bring down the cost of your premium considerably.
You may also like to read:- A First-Time Bike Insurance Buyer's Guide
SBI’s Policy Facilities
While you can go for standard bike insurance policies, SBI’s two-wheeler insurance policy offers coverage against various forms of accidents that can cause damage to your precious bike. It covers events like burglary, riot, strike, terrorist activity along with offering personal accident cover which covers Rs. 15 lakh for the policyholder/owner of the bike. It also offers PA Cover of Rs 1 lakh for the pillion rider of the two-wheeler.
Standard insurance policies may not be adequate enough to provide complete coverage to your prized two wheels. To remain absolutely financially secure, you can choose your add on covers or riders to customize your policy according to your needs. At SBI, you can choose from a range of add ons like PA cover, Return to invoice cover, NCB protection cover and third party liability cover.
Also Read:- How To Check Bike Insurance Expiry Online?
SBI General Insurance is a great choice for purchasing your bike insurance. With customized pricing models based on your needs, you can personalize your policy according to your preferences. You can also avail of special discounts and buy an affordable policy. However, make sure to compare different bike insurance plans before finalizing one.
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.