Sbi Bike Insurance FAQs

Two-wheeler owners can get SBI Two-Wheeler Insurance through various channels such as:

• By calling their helpline number 1800-102-1111 or writing email their customer service to get the required assistance.
• By visiting the official website. All you need to do is click on the ‘Buy Online’ tab available on the official website.

There are several features offered by SBI General Two-Wheeler Insurance such as:

• Customized pricing model according to the customer’s convenience.
• Additional discounts for uninterrupted vehicle insurance.
• Quick claim settlement with a featured ratio of 89.51% in FY20.

You can check the status of your policy by making an online registration. You can simply log in to the website using your username and password to check the status.

Yes, SBI General Insurance does offer No Claim Bonus to its policyholders if they have not made any claim during the whole policy period. They can get a discount of up to 50% on own-damage premium.

SBI Insurance has a network of more than 16,000 garages all over the nation. The customers can go there to get cashless repair and replacement services.

No, you cannot stretch the coverage of the third party bike insurance policy as it does not offer any add-on covers. It provides basic coverage. For extensive coverage, you can opt for the comprehensive bike insurance policy or club the third party insurance plan with a standalone own-damage bike insurance plan

You can buy the SBI third party bike insurance policy in the following ways:

• On the official website of SBI bike insurance
• By dialling the toll-free number 1800-102-1111
• By visiting the nearest branch.

You can check your policy online very easily by logging onto the official website of SBI General Insurance. You have to get registered on the website to enjoy this benefit.

You can pay the premium of your SBI third party bike insurance policy in these two following ways:

• Cash payment at the branch
• Online payment using debit card, credit card or net banking

Yes, you can get a duplicate copy of your policy documents offline. For the copy, you have to visit the branch of SBI General Insurance and submit a request. The insurer may charge a nominal fee of Rs. 50 for the copy.

The following advantages can be availed under SBI comprehensive bike policy:

• Discounts on premium for anyone between the ages of 25 and 55 years.
• A wide network of cashless garages all over India
• Ease of purchase with the presence of an online portal
• Quick claim settlement.

You can purchase SBI comprehensive bike insurance policy in the following ways:

• Through its official website
• By calling on its toll-free number 1800-102-1111
• By visiting the nearest branch.

The factors influencing the premium amount of SBI comprehensive bike insurance policy are as follows:

• Model of your bike
• Your choice of add-on covers
• The desired tenure of insurance policy.

If you lose the original documents, you may approach your nearest SBI General Branch office and submit a request. A duplicate copy of your policy document will be issued on payment of a nominal fee.

You can call on the toll-free number of SBI General insurance which is 1800-102-1111 to get more information.

The Zero Depreciation add-on can be opted by any bike owners to avoid the depreciation charge and the expense of repairing or replacing bike parts. However, it is best suited for the following:

• Luxury bike owners
• New or inexperienced drivers.
• For those driving in accident-prone zones.

Yes, the Zero Depreciation provides coverage for the fibre glass parts of the insured bike. The rate of depreciation for fibre glass parts without the Zero Depreciation is 30%. But with the Zero Depreciation cover, no depreciation charges are deducted.

Yes, you can add the Zero Depreciation cover at the time of renewal along with the comprehensive bike insurance policy.

Adding Zero Depreciation cover ensures maximum claim by eliminating the depreciation factor. However, you do not receive the full claim amount as the deductibles will be factorized at the time of claim settlement.

You can calculate the depreciation charge applicable on your bike with the above-mentioned depreciation charges table. You may also call on the toll-free number of SBI General Insurance (1800-102-1111) or visit the nearest branch to get further assistance.

No, you can not make a claim for any consequential damage under the SBI bike insurance policy. The case of total loss is also excluded from this policy.

You can get the claim form of SBI bike insurance policy from any of their branches. You can also download the claim form from the claim page on their official website.

The following circumstantial proves will help in settling a claim:

• Eyewitnesses
• Pictures of the location of the accident
• Pictures of the insured’s bike that clearly shows the extent of the damage.

Claim Settlement Ratio is the ratio of the number of claims settled by the insurer against the number of claims received.

You can dial the toll-free number of SBI for roadside assistance in case of any emergency. Their toll-free number is 1800-102-1111.

Yes, you can transfer the No Claim Bonus of your previous policy to the SBI bike insurance policy to avail some discounts on the premium.

You can dial the toll-free number of SBI bike insurance if you are in a state of emergency. Their toll-free number is 1800-102-1111.

Yes, you can change your details at the time of your policy renewal under the section of personal details of the policyholders.

Yes, you can choose any add-on at the time of renewal. However, the charges of the add-ons will be added to the premium.

Yes, you will get the hard copy of your SBI Bike Insurance policy if you opt for the offline process. It will be sent via courier at your address given in the policy details within a few days.

There are various factors that affect the amount of premium of a bike insurance policy. Some of the factors which determine the premium of a bike insurance plan are Anti-Theft Devices, Insured Declared Value (IDV), City of Registration, Engine’s Cubic Capacity, No Claim Bonus (NCB), Add-on Covers, Age of the Owner, and so on.

Many insurance companies offer the premium calculator but the best bike insurance premium calculator to calculate the right premium amount and accurate IDV value can be found only at the official website of InsuranceDekho, i.e., www.insurancedekho.com.

The bike insurance premium calculator is an online tool which is designed to provide you premium and IDV value for bike insurance plans offered by different insurance companies. By using the premium calculator, you can pick the best possible bike insurance plan and can make prudent decisions about your bike insurance cover.

You will need to enter details such as the make of the bike, the model of the bike, RTO location of the bike, registration year of the bike, and so on., to find the right premium provided by different insurance companies for a bike insurance plan.

Yes, the premium calculator is designed to compute the premium and IDV value of bikes of all ages. It will help you get the right amount of premium offered by different insurance providers for new as well as old or used bikes or any two-wheeler vehicle of yours.

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.

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.

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.

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.

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.