SBI Two Wheeler Insurance is a Motor Insurance Policy offered by SBI General Insurance Company to Cover the Loss / Damage Caused to your Vehicle due to Unfortunate Accidents. SBI General Two Wheeler Insurance Policy makes your Journey Hassle-Free. Interested Users can buy the SBI Motor Insurance through Online or Offline. So why are you waiting? Buy a New Two Wheeler Insurance Plan and enjoy your Ride without any Tensions.
SBI General Two Wheeler Insurance Policy Review
Life is a Great Balancing Act. Nowadays, there is no guaranty to the life of the Person. Anything may happen unexpectedly at any point of time and sometimes it may lead to some severe crisis such as Death of a Person due to Sudden Accidents. Why should we risk our life for a Simple Accidents? Get an SBI Two Wheeler Insurance Plan and enjoy hassle free Journey with your loved ones. SBI General Motor Insurance Provides Personal Accident Coverage along with the Loss/Damage Cover to your Vehicle. It also Protects against any legal liability in case of Death or Damage caused to the Third Paty Property.
SBI General Insurance Company offers Various Insurance Products to meet the Needs of an Indian Customer. SBI Motor Insurance is also one of the Insurance Policy offered by SBI general Company to Protect you Against the Unexpected Accidents. The Owners of any Two Wheeler are eligible to take this SBI Two Wheeler Insurance Policy. SBI General also provides Hassle Free Claim Settlement for Two Wheeler Insurance during the Policy Period only provided that some Terms and Conditions. For Further Details like Covers, Exclusions, Addons related to SBI general Two wheeler Package Policy please follow the below Sections.
Features & Benefits of SBI Two Wheeler Insurance
- SBI motor Insurance Covers the Loss/Damage Caused to your Vehicle due to Unexpected Accidents.
- It Protects Legal Liability arises out of the Usage of Vehicle towards Third Parties.
- The Customers Aged between 25-55 years can avail Discount to take this Policy.
- It Provides Profile Based Customised Pricing.
- You can Avail Additional Discount for Insuring your Vehicle without a Break.
- It Provides a Personal Accident Cover of 1 Lakh for Individual Owner (Having Valid Driving License).
- No Claim Bonus is available on Claim Free Renewals.
SBI General Two Wheeler Insurance Coverages
- SBI Two Wheeler Insurance Covers the Loss/Damage caused to your Vehicle due to
- Fire, explosion, self-ignition.
- Accidental damage by external means
- Any damage in transit by road, rail, inland waterway, lift, elevator or air.
- Damage caused due to Natural Disasters like Lightning, earthquake, flood, hurricane, typhoon, Storm, Tempest, Inundation, cyclone, hailstorm, frost, landslide, rockslide.
- Any Loss due to Burglary, theft, riot, strike, malicious act and terrorist activity.
- Along with the loss or damage to the Vehicle itself, it also covers the compulsory Third Party Liability as required by Motor Vehicles Act.
- It Protects Insured against bodily injury / death of a person and any damage caused to third party property.
- It Provides Compulsory Personal Accident Cover of 1 Lakh to the Individual Owners having Valid Driving License.
- Pillion Rider of Two Wheeler can also be covered under Personal Accident Cover for Maximum Capital Sum Assured of 1 Lakh.
Exclusions of SBI Two Wheeler Insurance
SBI general Insurance Company does not cover any loss or damage to the Two Wheeler / its Accessories caused due to
- Depreciation or any consequential loss.
- Loss due to Mechanical/ Electrical Breakdown.
- Normal wear, Tear and General Ageing of the vehicle.
- Loss caused due to Usage of Vehicle Other than in accordance with limitations as to use.
- Damage caused due to driving the vehicle without a valid license.
- Loss / damage caused due to war, mutiny or nuclear risk.
- Damage to / by a person driving the vehicle under the influence of drugs or liquor.
Along with these Exclusions, SBI general Insurance Company Deducts its Coverage at some rate on different Parts of the Vehicle. The Rate of Depreciation offered by SBI General Insurance is as follows
Depreciation Rates in SBI Two Wheeler Insurance
- All rubber / nylon /plastic parts, tyre and tubes batteries and air bags – 50%.
- Fibreglass components – 30%.
- All parts made of glass – NIL.
Rate of depreciation for all other parts including wooden parts will be as per the following table
| Age of Vehicle | % of Depreciation |
| Not exceeding 6 months | NIL |
| Between 6 months and 1 year | 5% |
| Between 1 and 2 years | 10% |
| Between 2 years and 3 years | 15% |
| Between 3 and 4 years | 25% |
| Between 4 years and 5 years | 35% |
| Between 5 years and 10 years | 40% |
| More than 10 years | 50% |
Additional Bonuses Offered by SBI Motor Insurance
SBI general Insurance Company offers Additional Covers for the Customers taking Motor Insurance. The Addon Covers offered under SBI General Two Wheeler Insurance are
- No Claim Bonus.
- Transfer of NCB.
No Claim Bonus: A No Claim Bonus (NCB) is available on Renewals if you do not make any Claim during the Policy Period. This NCB Discount can go as high as 50%. (NCB will only be allowed if the Policy is renewed within 90 days of the expiry date of the previous policy.)
Transfer of NCB: You have the Facility to Transfer the Full Benefits of No Claim Bonus when you shift your Motor Insurance Policy from another Company.
Personal Accident Cover for Owner / Driver
Along with the Above Additional Coverages, you can also get Personal Accident Cover under this Policy. Under this cover, the Owner or Driver of the Vehicle will be Insured. The Company will pay the Compensation for bodily injury or death of the owner / driver of the vehicle.
The Rate of Compensation under personal accident coverage is given in below table
| Nature of Injury | Scale of Compensation |
| Death | 100% |
| Loss of two limbs or sight of two eyes or one limb and sight of one eye | 100% |
| Loss of one limb or sight of one eye | 50% |
| Permanent total disablement from injuries other than named above | 100% |
Personal Accident Cover to Unmanned Hirer & Unmanned Pillion Passenger
| Nature of Injury | Scale of Compensation |
| Death | 100% |
| Loss of two limbs or sight of two eyes or one limb and sight of one eye | 100% |
| Loss of one limb or sight of one eye | 50% |
| Permanent total disablement from injuries other than named above | 100% |
Buying Process for SBI General Bike Insurance
You can Buy the SBI Two Wheeler Insurance Policy from the Nearest SBI General Branch Office or, from the Agent of SBI General Insurance Insurance Company. You can also Download the Proposal Form from the SBI General Life Official website. The Documents required for buying SBI General Two Wheeler Insurance Plans are as follows
- Application form / Proposal form along with the photo.
- Address Proof.
- Age Proof.
- Driving License.
- Vehicle Details.
SBI Two Wheeler Insurance Claim Process
SBI General Claims Team Provides a Fast, Fair, Convenient and Transparent Claim Process for Management and Settlement of your Claim. The Claim service offered by SBI general include
- They Provide Assistance in Emergency Situations.
- Relieves the Stress of a Claim by Coordinating repair and replacement of your Assets.
- Keeps you intimated about the Progress of your Claim.
- It provides the facility to Access your Claim at Companies Preferred Local Service Providers.
- With the Skilled Staff of SBI General, your Claim is Processed as Quickly and Efficiently as Possible.
- This will help you to get back in Control as quickly as Possible.
Documents Required in SBI Motor Claim Process are
- Duly filled claim form.
- Original estimate.
- Medical certificate (in case of third-party liability).
- Surveyor copy.
- Original FIR.
- Driving license.
- Vehicle number.
- Make and Model.
- Location of Loss.
SBI Two Wheeler Insurance Online Renewal
You can Renew the SBI Motor Insurance through online at the official website by following the below simple steps. You can also renew your Two Wheeler Insurance policy by visiting the SBI General Branch Office. But Online Renewal Process is the Flexible and easy process.
- Visit the official website www.sbigeneral.in
- On Top of the Home Page, you can find Renew your Policy Option.
- Click on Renew.
- Then you will redirect to Online Renewal Page.
- Select your Policy Type and Enter Policy number and then click Next.
- Now you can see the Premium Amount you need to Pay to renew your Policy.
- Check the Premium and Pay through online Using Net Banking/Credit Card/Debit Card.
SBIG Two Wheeler Insurance Premium Calculator
Premium is the Minimum Amount that you need to Pay to buy/Renew your Two Wheeler Insurance Policy. You can calculate the Minimum Premium that you need to pay to take the Policy By Using the SBI General Motor Insurance Premium Calculator. The Amount of Premium Paid will Depends on the Vehicles Age, and any Extra Coverages. You need to enter the below Information to buy SBIG Two Wheeler Insurance.
- IDV.
- Cubic Capacity.
- GeoGraphical Zone.
- Add on Covers.
- Age of the Vehicle.
For More Information regarding SBI General Two-wheeler Insurance, Please refer official Brochure.
SBI General Two Wheeler Insurance Official Brochure.
FAQs on SBI Two Wheeler Insurance ?
Q. What is Sum Insured Declared Value?
Ans: The IDV of the vehicle is fixed based on manufacturer’s listed selling price of the brand and model of the vehicle. It is calculated as manufacturers selling price minus depreciation.
Depreciation for fixing the IDV (Insured declared value) of the vehicle in SBI General Two Wheeler Insurance are
| Age of the Vehicle | % of Depreciation for fixing IDV |
| Not exceeding 6 months | 5% |
| Between 6 months and 1 year | 10% |
| Between 1 year and 2 years | 15% |
| Between 2 years and 3 years | 30% |
| Between 3 years and 4 years | 40% |
| Between 4 years and 5 years | 50% |