Download the Policybazaar app
to manage all your insurance needs.
SBI Comprehensive Bike Insurance Policy
SBI comprehensive bike insurance policy provides coverage and protection for your two-wheeler from damages and losses, accidents, theft, disasters, and so on. It also comes with a wide variety of add-ons that you can opt for in addition to the comprehensive bike insurance, like roadside assistance cover, zero depreciation cover, and many more. Insurance companies also provide third-party insurance that will cover the damages occurring to the third party. Read on to know more about SBI comprehensive bike insurance policy.
-
Home
-
Two Wheeler Insurance
-
Sbi General Two Wheeler Insurance
- Sbi General Bike Insurance Comprehensive
SBI General Comprehensive Insurance vs Third-Party Insurance
|
Category |
Comprehensive Bike Insurance |
Third-Party Bike Insurance |
|
Coverage |
It covers third party's damages and damages incurred by the insured's bike during an accident |
The third-party bike insurance provides coverage for the damages and losses incurred by a third party from the insured bike |
|
Nature of Requirement |
This insurance is not mandatory as per the Motor Vehicles Act |
This insurance is mandatory under the Motor Vehicles Act in India. Not having third-party bike insurance will lead to the payment of heavy fines |
|
Add-ons availability |
Various kinds of add-ons can be opted for by an individual under third-party bike insurance |
There are no add-on covers available with third-party bike insurance |
|
Cost |
The premium is on a higher side because of extensive coverage beneftis |
Third-party insurance is comparatively less expensive because of the limited coverage benefits |
Inclusions of SBI Comprehensive Bike Insurance Policy
SBI comprehensive bike insurance provides extensive coverage of different kinds. Following are the things that are covered under this bike insurance:
- Own damage cover– SBI bike insurance policy covers damages and losses incurred by the insured's bike due to theft, accident, natural disaster, etc.
- Personal accident cover–The comprehensive bike insurance provides compensation for the loss or damage caused to any bike parts that may have occurred in an accident.
- Third-party liability–Any loss or damage to the third party's vehicle, person, or property due to the occurrence of an accident caused by the insured bike is also covered.
- Fire damage–Coverage is provided if the insured bike incurrs any damage by fire or an explosion.
Exclusions of SBI Comprehensive Bike Insurance Policy
SBI comprehensive bike insurance does not cover the following expenses:
- Regular wear and tear of the bike and its parts
- If the driver was found to be under the influence of drugs and alcohol
- Mechanical breakdown of the bike
- When the driver was driving without a license
Sbi General Two Wheeler Insurance Plans
SBI Comprehensive Bike Insurance Benefits
An individual who wishes to opt for the SBI comprehensive bike insurance is sure to enjoy the benefits that come with it. Some benefits that you may experience after availing the comprehensive bike insurance are listed below:
- Add-on covers – You can opt for a variety of add-on covers in a comprehensive bike insurance policy. Some examples of add-on covers that you can include in your bike insurance are zero depreciation cover, roadside assistance cover, etc. Therefore, you can customize the plan with add-ons of your choice.
- Personal accident cover –In case of an accident, the policyholder may get a personal accident cover which mounts up to Rs 15 lakh under the comprehensive bike insurance in case of injuries or death.
- Pillion rider cover –Pillion rider cover is also among the many benefits that a two-wheeler owner can avail of by purchasing comprehensive bike insurance to ensure the safety of others who ride with you. Financial assistance will be provided to the pillion rider by covering up the medical expenses due to the accident.
- Coverage to third party liability –This insurance also covers the damages or losses incurred by the third party due to the insured bike. Compensation will be provided to cover up the damages incurred.
FAQs
-
Q. What are the significant features of the SBI comprehensive bike insurance plan?
The key features of the SBI comprehensive bike insurance are:
- Variety of add-on covers are provided
- Includes third party liability cover
- Customized policy, according to the convenience of the policyholder
-
Q. What should one do in case of an accident by the insured bike?
In case of an accident, contact SBI General Insurance Company’s Customer care number 1800 22 1111. You can also get in touch with the experts at Policybazaar Insurance Brokers Private Limited at 1800-208-8787 or write to them at care@policybazaar.com
-
Q. Is it compulsory to buy comprehensive bike insurance policy?
No. As it is not mandated by law, purchasing depends upon you and your requirements.
Two Wheeler Insurers
Bajaj Allianz Two Wheeler Insurance
Digit Two Wheeler Insurance
IFFCO Tokio Two Wheeler Insurance
Kotak Mahindra Two Wheeler Insurance
Liberty Two Wheeler Insurance
National Two Wheeler Insurance
Navi Two Wheeler Insurance
New India Assurance Two Wheeler Insurance
Oriental Two Wheeler Insurance
Reliance Two Wheeler Insurance
Shriram Two Wheeler Insurance
Tata AIG Two Wheeler Insurance
United India Two Wheeler Insurance
Universal Sompo Two Wheeler Insurance
Zuno Two Wheeler Insurance
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Two Wheeler insurance articles
Recent Articles
Popular Articles
08 May 2023
A vehicle number plate is a metal plate with the registration
03 May 2023
You can easily cancel your bike insurance policy at any time by
25 Apr 2023
As a two-wheeler owner, you must have active bike insurance to
28 Mar 2023
The price range plays a significant role when purchasing a bike
24 Mar 2023
To ride your bike legally on the Indian roads, you have to abideSBI Comprehensive Bike Insurance Policy Reviews & Ratings
(Showing Newest 10 reviews)