SBI Two Wheeler Insurance

SBI General Insurance Company is a joint venture between two companies namely the State Bank of India and Insurance Australia Group (IAG). State Bank of India owns 74% of the company while the Insurance Australia Group owns the remaining 26%. The year of 2013-14 was the fourth year of operation of the company where the company registered a growth of 54% by writing a Gross Premium of 1188 crores. In the same year, the company in association with State Bank of India covered over 1.5 Crore Saving Account holders of the State Bank of India with a Group Personal Accident Insurance cover.

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SBI General insurance company offers different categories of insurance plans including motor insurance, health insurance, travel insurance, personal accident insurance and home insurance for individuals. Other specialized insurance plans include aviation insurance, fire insurance, marine insurance, package insurance, construction & engineering insurance, liability insurance, group health insurance, group personal accident insurance and miscellaneous insurance plans for businesses.

SBI Two Wheeler Plans & Policy

SBI General Insurance offers a package Two Wheeler Insurance Plan which not only covers the third party liability which is mandated by the Motor Vehicles Act but also a loss to own vehicle due to various causes. Let us take a look at the various features and benefits provided by the package two-wheeler plan offered by SBI General Insurance in details.

Features & benefits of SBI Two Wheeler Insurance

  • It is a package policy which covers the Compulsory Third Party Liability and also damage or loss to own vehicle
  • Under the third party liability coverage, the plan covers any bodily injury or death caused to the third party due to the use of the two-wheeler and also any loss or injury to the property of the third party due to the use of the two-wheeler
  • Under the own vehicle damage or loss, damages or loss arising out of the following causes is covered:
    • Natural calamities like earthquake
    • Man-made calamities like theft
    • Personal accident for owner-driver or the registered driver
  • The plan comes with a profile based customized pricing policy wherein the premium varies from individual to individual
  • Individuals aged between 25-55 years can also avail a discount in the rate of premium charged
  • If the vehicle is continuously insured with the company without any break, there is an additional discount in the rate of premium charged by the company
  • The plan also has inbuilt as well as additional optional covers which can be availed by an individual for a more comprehensive scope of coverage under the plan
  • Individual owners of the two-wheeler enjoy a compulsory Personal Accident coverage, which is built-in under the plan up to Rs.15 Lakh. It is not applicable to vehicles that are owned by a company.
  • The pillion rider may be included in the Personal Accident Cover of up to a maximum of Rs.15 Lakh by paying an extra premium
  • Another optional cover is the increment of the Personal Accident cover on the own driver, which can be increased from Rs.1 Lakh to any amount by paying a small additional premium. You can also increase the coverage limit.
  • There is a provision of No claim Bonus under the plan wherein if there have been no claims in a policy year, there is a discount in premium which can go as high as 50%. The No Claim Bonus is applicable only if the renewal of Bike Insurance Plan is done within 90 days from the date of expiry of the previous policy. Moreover, there is also a provision of transferring the complete benefits of No Claim Bonus when porting the two-wheeler insurance plan from other insurance companies

Exclusions under SBI Two Wheeler Insurance Plans

Though the two-wheeler package plan provides comprehensive coverage, there are certain conditions which are excluded from the scope of the coverage provided. The following list shows the exclusions applicable under the plan wherein damage to the vehicle or its accessories due to the following circumstances is excluded.

  • Aging of the vehicle or depreciation
  • Electrical breakdown or even mechanical one
  • Driving without a valid license or under the influence of alcohol or drugs

Why SBI General Two Wheeler Plan?

Any customer wanting to buy an insurance plan always wants to have a smooth claim processing and handling experienced from the insurer. SBI General has a dedicated and experienced team to handle the respective claims raised by individuals. The team strives to provide a fast and fair claim settlement experience so that the customer does not have to undergo useless hassles. To meet this objective, the claim handling a team of the company strives to do the following things:

  • They try to provide assistance in situations which are emergent in nature
  • They help in relieving down the relevant stress associated whenever a claim arises by coordinating repair and replacement of the vehicle
  • They keep the customer informed about the progress of their claims
  • They also help the customers to access the company’s preferred local service providers who handle the damaged vehicle properly with a promise to service it in the most efficient possible way.

With all these efforts, the claim handling a team of the company is efficient and manages to treat the customer’s claim quickly and fairly.

Applying for an SBI Two Wheeler Insurance Plan

The company offers a Package Two-Wheeler Plan application through multiple channels like:

  • Individuals desirous of availing any plan can simply call the helpline of the company and speak to the customer service representative.
  • They can provide their name, mobile number and email id on the website of the company and request for a callback
  • Online Individual Personal Accident Plans can be simply applied to by clicking the ‘Buy Online’ tab mentioned on the plan page on the website of the company.
  • The customers can also write to the company at their email id which is customer.care@sbigeneral[dot]in for any related queries.

SBI Two Wheeler Insurance - FAQs

SBI Two Wheeler Insurance Reviews & Ratings

4.8 / 5 (Based on 42 Reviews)
(Showing Newest 25 reviews)
P
Madurai, October 09, 2021
Supportive team
I never bought policy before this. i have taken the sbi general two wheeler insurance from policybazaar. i bought my plan with help of policybazaar team . they guided me and explained every single step of procedure to me. Their team always gives the best suggestions to their customers.
Prakhar
Raipur, October 09, 2021
High coverage
In my sbi general two wheeler insurance, i have got coverage against unplanned incidents. i have got coverage not only for the insured vehicle but also for the personal accident of the driver/owner. i have added pillion rider feature by paying an additional amount.
Rimzhim
Kota, October 09, 2021
Easy to buy
It is way convenient to check the plans on the website of Policybazaar. The interface of the website is user friendly and all the information regarding each policy is given on the website. Even I bought sbi general bike plan online from here.
Akshat
Chandigarh, October 09, 2021
Affordable plan
After searching affordable plan for bike on Google i found the website of Policybazaar. in my sbi general bike plan i have got coverage against damages or losses to the insured bike due to accident. i have got little discount on the premium rate.
Amrutanshi
Guwahati, October 09, 2021
Easy to buy
Insuring the bike is quite easy. Policybazaar provides the easiest process to buy any kind of policies. customers can easily compare different plans on one platform and calculate the exact premium rate with the help of premium calculator. I went through the same process and it was really easy.
Ritika
Vasai Virar, August 18, 2021
Easy to compare
I got a great package of SBI Two wheeler policy from policy bazaar website.i just bought a bike 2 months ago. one of my friend suggested me to insure my bike. after comparing so many plans i took right one according to my pocket.
Surendra
Basti, June 04, 2021
Roadside assistance cover
In my SBI general insurance plan, which I took 3 years back I had taken the cover of roadside assistance. The plan is naturally very good and I am happy with the services of the team. Even I have suggested many of my friends to buy this plan.
Vishwas
Gorakhpur, June 04, 2021
Good coverage
The coverage amount of my two wheeler insurance plan is much better and good. I kept it high so that in case I faced any emergency then it can be used easily and I wont face burden.
Harbhajan
Balia, June 04, 2021
Affordable two wheeler plan
I took the SBI general two wheeler insurance plan from the website of the Policybazaar. It is very much affordable and easy to buy online. I can even customized my plan as per my requirements. I am thankful to policybazaar for giving such good plans.
Shravan
Odagoan, February 15, 2021
Liability Cover
I bought third-party liability cover for my bike. They called me to check if I bought the right policy or want to upgrade the plan. They always help me suggest policies with maximum coverage as per my pocket.
Aaron
Ichoda, February 15, 2021
Good third-party cover
All my bikes at home have got third-party cover from Policybazaar. I get renewal reminder call from them, and are quite easy to access over phone and email.
Manas
Habra, February 15, 2021
Renew third party bike insurance online
I renewed my third party bike insurance for my Bajaj pulsar every year with Policybazaar. The site is so convenient and has reasonable premiums. Very happy guys!
Balendra
Habra, January 29, 2021
Happy
My son bought SBI bike insurance cover from Policybazaar.com. He is quite happy with their services, renewal and website. Even their claim team is easy to reach anytime any day of the year. Thank you!
Dalbir
Padampur, January 29, 2021
Online Compare
I found it so easy to compare two-wheeler insurance quotes online and chose add-on covers and was able to find the most adequate SBI two wheeler insurance for my Honda bike. Like I did, I went online, searched for SBI two insurance comparisons and ended up buying a nominal bike insurance policy online.
Ansh
J.n.prasad, January 29, 2021
So Easy Claim
My motorcycle got damaged in last year floods. I contacted their two-wheeler insurance claim team. They helped me coordinate and get claim compensation for my Yamaha bike damage. Thank you guys for such prompt services at the time of distress! You helped me a lot.
Arshil
Sabang, September 16, 2020
Track claim
Last year I bought the shriram geneal insurance two wheeler plan from the policybazaar and this year I took the claim. I can easily track my claim status and it was a wonderful experience. Thank you team policybazaar.
Lakshita
K.v.rangareddy, July 07, 2020
Happy customer
I am the happy customer of policybazaar and really like the services of them .
Jitesh
S.c. Pur, July 06, 2020
A helper
Policybazaar team is doing a great job by helping me and bike to insure ourselves. A great work.
Pracheen
K.b.p. Pupri, July 03, 2020
Compare and Buy
I visited the website of policybazaar and compared various quotes and policy plans and found according to my choice.
Sukhmeet
Aallapalli, July 02, 2020
Renewal is easy
One of the best feature is that the renewing of the policy is very good and easy. My dad renewed his bike insurance policy and it was done in few minutes.
Timsy
Tadpatri, July 01, 2020
Call helpline
One of the best thing is that you can call the helpline number at each point of time. I called them and they assisted me well.
Alankita
Yamunanagar, June 30, 2020
Emergency assistance
If you really need any kind of assistance policybazaar is always there for you to assist. Any kind of emergency.
Ritwik
R.g.pur, June 29, 2020
Legal liabilities
Before buying the policy you should read the legal liabilities like not usage of alcohol or drugs at the time of driving.
Sumit
, June 29, 2020
Smooth claim process
Once you get your bike insurance done form policybazaar as well as sbi general insurance. Everything will be done smoothly and swiftly.
Carina
Machavaram, June 21, 2020
Savings
With the help of policybazaar two wheeler insurance everything is done very perfectly and I saved a lot of money.
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