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It provides coverage against third party liability in case of injury/death of any third party person, or damage caused to third party property by the insured vehicle.- Need Help
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Two Wheeler Insurance Policy - Package
- No Claim Bonus
- Third Party Liability
- Personal Accident Cover
- Return to Invoice (Add-On)
- Protection of NCB (Add-On)
- Accidental Damage to Vehicle
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Benefits of Two Wheeler
Insurance Policy - Package
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Loss/Damage to Vehicle
Secures your two-wheeler against loss or damage due to fire, explosion, accidental damage, self ignition, burglary, theft, riot & terrorist activity.
No Claim Bonus
If you don’t make any claim for a particular year, you get rewarded with a No Claims Bonus (NCB) in the form of discount while renewing your two-wheeler insurance policy.
Personal Accident Cover
This policy offers compensation for bodily injury/ death sustained by the owner-driver while travelling in the insured vehicle as specified in the policy wordings.
Why Two Wheeler Insurance Policy - Package?
Ride with Confidence by Getting Your Bike insured
SBI General's Two Wheeler Insurance Policy - Package is a comprehensive policy with numerous base covers & attractive add-ons to secure your bike or other two-wheelers against any mishaps that may occur while on the roads.
Who Can Buy This Policy?
As per the Motor Vehicles (Amendment) Act, 2019, it is mandatory for all vehicle owners in India to purchase a third party liability policy. However, for better and enhanced protection, it is advisable to opt for comprehensive bike insurance as it covers own damage along with third party liabilities. All Indian vehicle owners can purchase SBI General's Two Wheeler Insurance Policy - Package and secure their bike from any mishaps.
What is Covered & Not Covered Under Two Wheeler Insurance Policy - Package
Take a look at the various features and benefits of Two Wheeler Insurance Policy - Package by SBI General Insurance
Key Features
- Offers coverage against third-party liability.
- Add-ons like Return to Invoice, Protection of NCB, Nil Depreciation, etc. to enhance coverage.
- Comprehensive protection to your two-wheeler against various manmade & natural calamities.
Coverage
- This policy is designed to cover the compulsory third party liability as required by Motor Vehicles Act, together with loss or damage to the vehicle itself
- Third party liability: It provides coverage against third party liability in case of injury/death of any third party person, or damage caused to third party property by the insured vehicle
- Loss or damage to the vehicle: Coverage against any loss or damage caused to the vehicle or its accessories due to the following,
- Fire, explosion, self-ignition, accidental damage by external means
- Any damage in transit by road, rail, inland waterway, lift, elevator or air
- Lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide
- Burglary, theft, riot, strike, malicious act and terrorist activity
- SBI General's Two Wheeler Insurance Policy - Package provides compulsory personal accident cover individual owners (holding a valid driving license) of the vehicle while driving. This is not applicable for a company owned vehicle
- Pillion rider of the two wheeler can also be covered for personal accident for a maximum capital sum insured of Rs. 1 lakh
What's Not Covered
- Any loss/damage to the vehicle and/or its accessories will be not be covered if caused by the following,
- Normal wear, tear and general ageing of the vehicle
- Depreciation or any consequential loss
- Mechanical/ electrical breakdown
- Vehicle being used otherwise than in accordance with limitations as to use
- Damage to / by a person driving the vehicle without a valid license
- Damage to / by a person driving the vehicle under the influence of drugs or liquor
- Loss / damage due to war, mutiny or nuclear risk
Bonus
- No Claim Bonus: If you do not make a claim during the Policy period, a No Claim Bonus (NCB) is offered on renewals. This discount can go as high as 50%. (NCB will only be allowed provided the Policy is renewed within 90 days of the expiry date of the previous policy.)
- Transfer of NCB: You can transfer full benefits of No Claim Bonus when you shift your motor insurance policy from another company.
Key Features
Coverage
What's Not Covered
Bonus
Highlights
Key Features
- Offers coverage against third-party liability.
- Add-ons like Return to Invoice, Protection of NCB, Nil Depreciation, etc. to enhance coverage.
- Comprehensive protection to your two-wheeler against various manmade & natural calamities.
Coverage
- This policy is designed to cover the compulsory third party liability as required by Motor Vehicles Act, together with loss or damage to the vehicle itself
- Third party liability: It provides coverage against third party liability in case of injury/death of any third party person, or damage caused to third party property by the insured vehicle
- Loss or damage to the vehicle: Coverage against any loss or damage caused to the vehicle or its accessories due to the following,
- Fire, explosion, self-ignition, accidental damage by external means
- Any damage in transit by road, rail, inland waterway, lift, elevator or air
- Lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide
- Burglary, theft, riot, strike, malicious act and terrorist activity
- SBI General's Two Wheeler Insurance Policy - Package provides compulsory personal accident cover individual owners (holding a valid driving license) of the vehicle while driving. This is not applicable for a company owned vehicle
- Pillion rider of the two wheeler can also be covered for personal accident for a maximum capital sum insured of Rs. 1 lakh
What's Not Covered
- Any loss/damage to the vehicle and/or its accessories will be not be covered if caused by the following,
- Normal wear, tear and general ageing of the vehicle
- Depreciation or any consequential loss
- Mechanical/ electrical breakdown
- Vehicle being used otherwise than in accordance with limitations as to use
- Damage to / by a person driving the vehicle without a valid license
- Damage to / by a person driving the vehicle under the influence of drugs or liquor
- Loss / damage due to war, mutiny or nuclear risk
Bonus
- No Claim Bonus: If you do not make a claim during the Policy period, a No Claim Bonus (NCB) is offered on renewals. This discount can go as high as 50%. (NCB will only be allowed provided the Policy is renewed within 90 days of the expiry date of the previous policy.)
- Transfer of NCB: You can transfer full benefits of No Claim Bonus when you shift your motor insurance policy from another company.
Not sure? Get Recommendations from SBIG
Answer a few easy questions to help us create a plan for you.
- RENEW POLICY
- FILE A CLAIM
- NETWORK GARAGES
Wish to Renew Your Existing Policy?
With our quick and seamless renewal process, you can renew your policy effortlessly from the comfort of your home.
Wish to File a Claim on Your Existing Policy?
Customers’ well-being and convenience are top priority for us. We offer a hassle-free claim process & provide thorough claim assistance.
Looking for Your Nearest Network Garage?
We are closer than you think. Benefit from our wide network of garages & get your bike repaired conveniently.
At SBI General, we know that Trust is Earned.
FAQs about Two Wheeler Insurance Policy - Package
Here are the commonly asked questions about Two Wheeler Insurance Policy - Package
Broadly speaking, there are two popular types of bike insurance plans in India. First is the third-party bike insurance which is mandatory in the county and the second is a comprehensive bike insurance cover. It is recommended that you buy comprehensive coverage to ensure that you are covered for both your own damages and third-party liabilities.
The process of bike insurance renewal is easy and quick. You simply need to log in to our website and open your profile. Here you can click on renew bike insurance and make a payment. You will receive the receipt and the renewal confirmation in your email. You can also renew the insurance plan offline by visiting the office of the lender with your policy details. We will intimate you about the renewal of the policy a few days in advance.
You can make an online payment for bike insurance through net banking, mobile wallet, debit card, or credit card.
The amount of premium payable on the two- wheeler insurance will depend on a lot of factors. This amount will vary from one policyholder to another. It depends on the geographical location, the model and make of the bike, the capacity of the engine, year of manufacture, voluntary deductible.
A bike insurance policy can be cancelled during the term of the policy. To do this, you need to provide supporting documents that you have purchased a new policy or the registration of the bike has been cancelled by the RTO.
Two Wheeler Insurance Policy – Package
IRDAN144RP0006V02201112
Bundled Two-Wheeler Insurance PolicyIRDAN144RP0007V02201819
DISCLAIMER:
The above information is indicative in nature, for more details on complete coverage and terms & conditions, please contact our nearest office and also read the policy document and sales brochure carefully before concluding a sale.
SBI General Insurance and SBI are separate legal entities and SBI is working as Corporate Agent of the company for sourcing of insurance products.
Number of network hospitals would differ based on the TPA servicing your policy.
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