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SBI General Bike Insurance Company

SBI General Insurance Limited is a well-known insurance company in India. It is a government-owned company that started in 2001. The company offers many types of insurance, such as life insurance, health insurance, bike insurance, and car insurance.

SBI General Insurance also works in other business areas like pension funds, banking services, and advisory services. Over the years, the company has expanded its services and network. Because of this, it has built a large and trusted customer base across the country.

SBIThird PartyComprehensiveStandalone Own DamageZero DepreciationClaimRenewalPolicy DownloadCustomer Care

About SBI Bike Insurance

SBI Bike Insurance helps protect your bike from accidents, theft, and damage. It also covers losses or injuries caused to other people or their property. This insurance keeps you safe from sudden repair costs and legal problems.

SBI Bike Insurance offers affordable plans. You can buy and renew policies online easily. It has a wide network of garages for cashless repairs and quick claim support. With SBI Bike Insurance, you can ride your bike with peace of mind.

Key Highlights of SBI Bike Insurance

Features Details
Cashless garagesOver 7000 network garages
No claim bonusUp to 50%
Personal accident coverRs. 15 lakhs for individual owners
Add-on CoversOptions like zero depreciation, roadside assistance, etc.
Customer Support24×7 customer service for help and guidance
Types of CoverageThird-party, Own Damage, and Comprehensive bike insurance

Bike Insurance Plans By SBI

Types of Bike Insurance Plans available in SBI

SBI offers different types of bike insurance plans to suit your needs. These plans help protect you and your bike from unexpected expenses.

  • 01

    Third-Party Bike Insurance

    This plan covers damage or injury caused to another person or their property by your bike. It is mandatory by law in India.

  • 02

    Comprehensive Bike Insurance

    This plan provides complete protection for your bike. It covers third-party damage as well as damage to your own bike due to accidents, theft, fire, or natural disasters.

  • 03

    Standalone Own Damage Bike Insurance

    This plan covers damage to your own bike caused by accidents, theft, or natural events. It does not cover third-party damage.

Why You Should Choose SBI Bike Insurance?

Why You Should Choose SBI Bike Insurance?

  • Here are some simple reasons to choose SBI Bike Insurance:You can buy and renew your bike insurance online easily.You can get your bike repaired at many garages across the country without paying money first.The claim process is quick, clear, and fair, so you don’t have to worry about money.You can choose extra add-ons to increase your coverage at a low cost.

Inclusions and Exclusions of the SBI Bike Insurance Policy

Understanding the inclusions and exclusions of New India Bike Insurance helps you clearly know what is covered and what is not. This makes it easier to choose the right policy.

Inclusions

  • The SBI bike insurance policy covers loss or damage to your bike in the following cases:

  • Covers damage or injury caused to another person or their property by your bike (third-party cover).

  • Covers damage to your bike due to fire, explosion, or self-ignition.

  • Covers damage to your bike caused by an accident.

  • Covers damage while your bike is being transported by road, rail, air, lift, or waterway.

  • Covers damage caused by natural disasters such as floods, earthquakes, storms, cyclones, landslides, and lightning.

  • Covers loss or damage due to theft, burglary, strikes, malicious acts, or terrorist activities.

  • Provides compulsory Personal Accident (PA) cover for the rider who has a valid driving license.

Exclusions

  • The policy will not cover loss or damage to your bike in the following cases:

  • Normal wear and tear or ageing of the bike.

  • Any indirect or extra loss related to the damage.

  • Damage caused by mechanical or electrical failure.

  • Damage when the bike is used in a way not allowed under the policy rules.

  • Damage if the bike is ridden without a valid driver's license.

  • Damage if the bike is ridden under the influence of alcohol or drugs.

  • Damage caused by war, riots, or nuclear risks.

Available Add-ons in SBI Bike Insurance

Here are some add-ons that you can add to your basic SBI bike insurance policy to make it more powerful:

  • Zero Depreciation Cover

    This add-on helps you get the full claim amount without reducing the cost of bike parts due to wear and tear. It means SBI will not cut money for old parts during repairs. This helps you save more money when you make a claim.

  • Engine and Gearbox Protection

    This cover pays for repair costs if your bike’s engine or gearbox gets damaged. Normally, such damage is not covered in a basic policy. It is useful if damage happens due to water entry or oil leakage.

  • Roadside Assistance (RSA)

    Roadside Assistance helps you when your bike breaks down on the road. It provides services like towing, small repairs, fuel delivery, or help with a flat tyre. This add-on is very helpful during emergencies.

  • Return to Invoice (RTI)

    If your bike is stolen or completely damaged, this add-on helps you get the original price you paid for the bike. It includes the invoice value instead of the current market value. This reduces your financial loss.

  • Consumables Cover

    This add-on pays for small items used during bike repairs, such as engine oil, nuts, bolts, grease, and lubricants. These items are usually not covered in a normal policy. It helps lower your repair bill.

  • Tyre Protection Cover

    Tyre Protection Cover pays for the repair or replacement of your bike’s tyre if it gets damaged in an accident. It is helpful because tyre replacement can be expensive. This add-on saves you extra costs.

  • Breakdown Assistance

    This cover provides quick help if your bike suddenly stops working due to a breakdown. Assistance is given to fix minor issues or move your bike to the nearest garage. It ensures you are not stuck on the road.

Documents Required for Buying SBI Bike Insurance

Here are the documents you need to buy SBI Bike Insurance:
Bike Registration Certificate (RC)This document shows that the bike is registered in your name.
Valid Driving LicenseA valid driving license is needed to ride the bike legally.
PAN Card or Aadhaar CardThese documents are used to verify your identity.
Bike’s Chassis or Engine NumberThis number helps identify your bike correctly.
Bike Invoice (if needed for add-ons)The invoice may be needed if you choose extra add-ons for your policy.
How to Buy SBI Own Damage Bike Insurance from Square Insurance?

How to Buy SBI Own Damage Bike Insurance from Square Insurance?

  • Step 1 Go to the Square Insurance website at www.squareinsurance.in.Step 2 Click on “Bike Insurance” under the “Insurance Products” section.Step 3 If you have a new bike, click on “Got a New Two-Wheeler.”Step 4 If your bike is old, enter your bike’s registration number and click “View Plans.”Step 5 Fill in details like RTO, bike brand, model, variant, and registration year.Step 6 You will see different insurance plans. Choose the SBI plan.Step 7 Make the payment, and your insurance policy will be sent to your email.

FAQs

SBI General Bike Insurance is a policy that protects your bike from damage, theft, and accidents. It also covers damage or injury caused to another person. This insurance helps you avoid big repair costs.

Yes, bike insurance is compulsory in India. At least a third-party bike insurance policy is required by law to ride on public roads.

Yes, you can easily buy SBI bike insurance online. The process is simple, fast, and paperless.

You can renew your SBI bike insurance policy online in a few minutes. Just enter your bike and policy details and make the payment.

Yes, SBI bike insurance covers theft if you have a comprehensive or own damage policy. You can file a claim if your bike is stolen.

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