SBI Own Damage Bike Insurance

SBI Own Damage Bike Insurance protects your bike from damage to your own vehicle. It pays for repair or loss if your bike is Read More

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Premium coverage starts at ₹ 457*

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This insurance does not cover damage to other people or their property, so it is usually bought along with third-party bike insurance. With SBI Own Damage Bike Insurance, you can save money on repair costs and keep your bike safe from unexpected problems.

SBI Third Party Comprehensive Standalone Own Damage Zero Depreciation Claim Renewal Policy Download Customer Care

Standalone Own-Damage Insurance V/S Third Party Insurance V/S Comprehensive Insurance

Feature	Standalone Own Damage Insurance	Third Party Insurance	Comprehensive Insurance
Coverage	Covers damage to your own bike only.	Covers damages or injuries to others only.	Covers both your own bike and third parties.
Legal Requirement	Not required by law.	Mandatory by law for all bike owners.	Not mandatory, but offers extensive coverage.
Cost	Moderately priced; depends on coverage.	Usually less expensive.	More expensive due to broad coverage.
Protection against theft and damage	Covers theft and damage to your bike.	Not covered.	Covered.
Protection from natural disasters	Covered.	Not covered.	Covered.
Add-on available	Add-ons available for enhanced coverage.	Limited or no add-ons.	Several add-ons are available.
Ideal for	Good for new or expensive bikes.	Required for legal compliance.	Best for comprehensive protection.

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What does an SBI Standalone Own-Damage Policy Cover?

This policy helps pay for damage to your two-wheeler in these cases:Damage from road accidentsDamage if the vehicle catches fire or explodesIf the vehicle is stolen and not found, or if it is completely damagedDamage caused by natural or man-made disasters (like floods or riots)

What an SBI Standalone Own-Damage Policy Does Not Cover?

This policy does not pay in these cases:Mechanical or electrical problems that cause a breakdownDamage caused by illegal driving or the wrong use of the vehicleLoss in value because of normal wear and tear over timeAny accident or damage that happens outside IndiaDisclaimer: Please refer to your policy documents to know the exact coverage.