SBI General Own Damage Bike Insurance Policy

The SBI General own-damage (OD) bike insurance policy, generally called a standalone own-damage bike insurance policy, safeguards your insured bike by providing compensation for damages or losses arising from incidents such as fire explosions, burglary, and man-made & natural disasters, etc. You can enhance your coverage with additional riders like 24*7 roadside assistance, zero depreciation cover, and NCB protection. Learn more about the SBI General OD bike policy here.

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SBI General Own Damage Bike Insurance Policy – Key Features

Highlighted below are the critical features of SBI General own-damage bike policy:


Key Features

Policy Coverage

  • Financial coverage for loss or damage due to an accident. 
  • Compensates when the insured bike is stolen. 
  • Financial protection against losses or damages from natural calamities like earthquake, flood, hailstorm, etc.
  • Protects the insured vehicle against man-made disasters like riot, strike, terrorism, etc.

Policy Premium

  • Available at affordable premium prices.
  • Riders/bike insurance add-ons enhance the basic coverage on the payment of additional premium.
  • Mandatory Personal Accident (PA) cover is to be purchased by paying an extra premium. 


  • Hassle-free bike insurance policy issuance process with no paperwork involved.
  • Seamless claim settlement process backed by multiple network garages.
  • Availability of online options to buy or renew own-damage bike insurance policy. 

*Disclaimer: The key features above are for reference purposes only. Please thoroughly review the policy wording if you wish to know the exact coverage details.

Why Choose SBI General Own Damage Bike Insurance?

Two-wheeler own-damage insurance policy is a must-have if you want to protect your bike from unforeseen expenses arising from road accidents, theft, natural and man-made disasters, etc. The SBI General OD bike insurance policy is separate from the mandatory third-party bike insurance policy and should be purchased in addition to it for extensive coverage.

The bike own-damage insurance policy comes with the following benefits:

  • No Claim Bonus: The SBI OD bike insurance provides premium discounts for claim-free years, rewarding policyholders for maintaining a safe driving record.
  • Cashless Repairs: SBI General Insurance Company facilitates cashless repairs through a network of authorised garages across India.
  • 24*7 Customer Support: SBI General Insurance Company offers round-the-clock customer assistance, addressing any bike policy-related queries or support needs at any time.

Inclusions of SBI General Own Damage Bike Insurance

SBI General Own Damage (OD) bike insurance policy provides coverage for the following:

  • Provides coverage for damages or losses caused by earthquakes, floods, lightning, and other natural calamities.
  • Covers damages resulting from man-made events like riots, war, and terrorist attacks.
  • Pays for repairs if your bike is damaged in an accident.
  • Covers losses if your bike is stolen or intentionally damaged by someone.
  • Includes protection against damages from spontaneous ignition or explosions.
  • Covers damages incurred while your bike is being transported by rail, road, air, or elevator.

Exclusions of SBI General Own Damage Bike Insurance

The following are the exclusions of the SBI own-damage two-wheeler policy:

  • Damage to third-party vehicles or property is not covered.
  • Does not cover injuries caused to other people in an accident.
  • Excludes regular wear and tear of the bike.
  • No coverage for mechanical or electrical breakdowns.
  • Excludes damages if the motorcycle is used in ways not allowed by the policy.
  • Does not cover damages if the rider does not have a valid driving license, registration certificate, or two-wheeler insurance policy
  • Excludes damages if the rider is under the influence of alcohol or other intoxicating substances.

How to Buy SBI General Own Damage Bike Insurance Online?

Here's how you can buy SBI General own-damage (OD) policy online:

  • Step 1: Start by opening and hover on the 'Insurance Products' section in the top menu.
  • Step 2: To proceed further, click on the 'Own-Damage Bike Insurance' option.
  • Step 3: Enter the correct two-wheeler details and click 'View Prices'.
  • Step 4: From the list of options, choose 'SBI General Own Damage Bike Insurance'. 
  • Step 5: Type in the requested details correctly. 
  • Step 6: Complete the purchase process by paying the premium online. Your policy will be sent to you via email. 

How to Raise SBI General Own Damage Bike Insurance Claims?

The process below will help you raise the SBI General own-damage two-wheeler insurance claim:

  • Step 1: Inform your two-wheeler insurance provider immediately about the incident via email or phone call.
  • Step 2: Download the claim form from the insurance company's website, fill it out accurately, and sign it.
  • Step 3: Attach the required documents to the completed claim form and submit them to the insurance provider.
  • Step 4: A surveyor will be allotted to assess the extent of damages to the insured vehicle.
  • Step 5: The insurer will review the surveyor's assessment report and decide whether to approve or reject the claim request.
  • Step 6: If your claim is approved, you can enjoy cashless repairs at any of the insurer's network garages. If you opt for repairs at a non-network garage, pay for the repairs upfront and submit the bills to the insurer for reimbursement.

Documents Required for SBI General Own Damage Bike Insurance Claim

Mentioned below are the documents you will require to initiate the SBI General bike insurance policy claim process:

  • Correctly filled and signed claim form
  • Registration Certificate (RC) of the motorbike
  • Authentic SBI General OD policy document
  • Copy of FIR report (if applicable)
  • Driving Licence of the bike rider
  • Any other documents requested by the insurer

FAQs About SBI General Own Damage Bike Insurance Policy

  • Q1. What is covered in SBI General own damage insurance for a bike?

    Ans: The SBI General OD insurance for a bike extends coverage for accidental damage, theft, fire damage, and damage due to natural and man-made disasters.
  • Q2. How much does SBI General own damage bike insurance cost?

    Ans: The cost of the SBI General own-damage bike insurance policy varies based on factors like the bike's make, model, age, and location
  • Q3. Are there any optional add-ons for this policy?

    Ans: Yes, you can add riders such as 24*7 roadside assistance, zero depreciation cover, and NCB protection for additional coverage.
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 42 Reviews)

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SBI General Own Damage Bike Insurance Policy Reviews & Ratings

4.8 / 5 (Based on 42 Reviews)
(Showing Newest 10 reviews)
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis