SBI Bank Bike Insurance

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SBI Bank Bike Insurance

SBI Bank Bike Insurance offers comprehensive coverage—accident, theft, natural disasters, 7000+ cashless garages, and more for your peace of mind.

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Details for SBI Bank Bike Insurance

SBI Bank Bike Insurance offers robust coverage for accidental damages, theft, natural and fire disasters, and third-party liabilities. With over 7,000 network garages for cashless services and a range of add-ons like Roadside Assistance, Zero Depreciation, and Return to Invoice, it’s designed for complete protection. The policy also provides a Personal Accident Cover of ₹15 lakhs for individual owners and compensation for vehicle loss or repair expenses. A No Claim Bonus of up to 50% rewards safe riding. Offering financial security and legal compliance, it’s the ideal choice for bike owners seeking reliable, hassle-free insurance.

Add-on Covers

  • Roadside Assistance
  • Return to Invoice Cover
  • Zero Depreciation Cover
  • Consumables Cover

No Claim Bonus

  • Up to 50%

Cashless Garages

  • Over 7000 network garages

Policy Exclusion

  • Damage to your bike caused by mechanical or electrical issues.
  • If the damage occurs when the rider is under the influence of alcohol or drugs, your two-wheeler Insurance will
  • not cover the costs.
  • Repair or replace bike parts due to normal wear and tear.
  • Damages to your bike or scooter while the insurance plan was not active
  • Accidents caused by unlawful activity, such as racing.
  • Incidents occurred beyond the country’s geographical boundaries
  • When vehicle damage or rider injury occurs due to wars, your insurance will not cover the costs incurred.
  • Your two-wheeler insurance plan will not cover losses or damages that occur when a minor rides the bike or if the rider does not have a valid driving license.
  • Does not provide coverage for the insured person’s injuries or death while riding a two-wheeler.
  • If you ride your bike without wearing a helmet and encounter an accident and/or injuries, your insurance will not cover the expenses incurred.

Personal Damage Cover

  • Covers fire, explosion, accidental damage, natural calamities, theft, riots, strikes, malicious activity, etc

Claim Settlement Ratio

  • 1.98% for FY 2022-23

Personal Accident Cover

  • ₹15 lakhs for individual owners

Third Party Damage Control

  • Covers injury/death of any third party or damage to any third-party property

Vehicle Insurance Premium

  • Starts at ₹868

Additional Benefits

  • Third-party Liabilities/ Losses
  • Natural Disasters
  • Fire Disasters
  • Accidental Damages
  • Man-Made Disasters
  • Vehicle Stolen/ Total Loss
  • Good Financial Choice
  • Covers Repair Expenses
  • Reimbursement for Disasters
  • Legal Compliance
  • Provides Third-Party Compensation

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