SBI Two-Wheeler Add-Ons
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SBI Bike Insurance Add-On Covers
Add-on covers in bike insurance are additional benefits that can be purchased along with a standard bike insurance policy to extend coverage. You can select voluntarily add-on benefit(s) with a standalone own-damage bike insurance policy or a comprehensive bike insurance policy. As the add-on covers offer you wide coverage, they come at an extra premium. SBI General offers beneficial add-on covers that offer you complete coverage.
SBI - 2 Important Add-On Covers For Your Bike Insurance Policy
SBI General Insurance offers affordable add-on covers that are most popular and are commonly found with most bike insurance policies. Know more about them below:
1. Return to Invoice: If you buy this add-on cover along with your bike insurance policy, then the company covers you in case of a financial shortfall (if any) between the amount you receive under Section I of the policy and the purchase price of the vehicle as specified in the sales invoice. It also covers you for the first time registration charges in case of theft/total loss of the vehicle during the policy period.
2. Protection of NCB: Usually, the insurers do not count the No Claim Bonus in case of a claim. But if you own the add-on cover of protection of NCB, then you can retain the existing No Claim Bonus of the expiring policy at the time of policy renewal. Note that this add-on cover can be availed for only a single claim during the policy period.
You can choose the most suitable add-on cover as per your requirement and budget. However, it is not mandatory to buy add-on covers with a bike insurance policy. But buying it can offer you greater protection.
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SBI Bike Insurance Add-On Cover FAQs
How many add-on covers are offered by SBI General Insurance for bike insurance plans?
The SBI General Insurance offers 2 add-on covers which you can include in your bike insurance plan such as Return to Invoice and Protection of NCB.
Is it compulsory to purchase an add-on cover to be included in bike insurance cover?
No, it is not at all compulsory to include an add-on cover in your bike insurance policy and it is totally up to you to either opt for an add-on cover or to enjoy the insurance cover as it is.
When can I purchase the SBI bike insurance add-on covers?
You can easily purchase the bike insurance add-on covers either at the time of SBI bike insurance policy purchase or during the bike insurance policy renewal process.
Will I have to pay for an additional premium to avail bike insurance add-on covers?
Yes, you will be required to pay for a little extra premium amount to include an add-on cover in your bike insurance policy and use it to enhance the coverage of your insurance cover. The cost of the opted bike insurance add-on cover will be specified in the policy document or online purchase portal of the insurance company.
How many bike insurance add-on covers can I opt for at a time?
There is no such limit on the number of add-on covers that you can purchase together to include in your bike insurance policy. Therefore, you can always opt for as many add-on covers as your wish to add in your insurance cover at a time.
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