Bike Insurance Policy Online

24Cr+

Customers Served

7,159

Network Garages

99.3%

Claims Settled ^{FY 23-24}

Renew Your Bike Policy

Types Of Bike Insurance Plans Available In India

What Are The Features Of Buying Bike Insurance Policy?

Key Features	Benefits
Bike insurance premium	Starts at ₹868 [AD1] *
Cashless garages	Over 7000 network garages Basic + additional roadside assistance
No claim bonus	Up to 50%
Third-party damage cover	Covers injury/death of any third party or damage to any third-party property
Personal accident cover	₹15 lakhs for individual owners
Own damage cover	Covers fire, explosion, accidental damage, natural calamities, theft, riots, strikes, malicious activity, etc.
Claim settlement ratio	98% for FY 2022-23

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Who Can Buy A Bike Insurance?

As per the Motor Vehicles (Amendment) Act, 2019, it is mandatory for all vehicle owners in India to purchase a third-party liability policy. However, for better and enhanced protection, it is advisable to opt for comprehensive bike insurance as it covers own damage along with third party liabilities. All Indian vehicle owners can purchase SBI General’s Two-Wheeler Insurance Policy - Package and secure their bike from any mishaps.

Base Covers And Add-Ons With Explanation

Third-party Liabilities/ Losses

This includes damage to other individuals’ vehicles or property, as well as injuries or deaths caused by your two-wheeler. This is the minimum mandatory insurance as per Indian regulations.

Accidental Damages

This refers to damage sustained by your bike during the accident.

Man-Made Disasters

Insurance plans often cover damage to your covered bike caused by incidents such as protests, riots, and terrorist activities.

Natural Disasters

Coverage includes damage to the insured bike because of cyclones, floods, earthquakes, and others.

Fire Disasters

Coverage includes damage to your two-wheeler caused by an explosion, fire, lightning, or self-ignition.

Vehicle Stolen/ Total Loss

Financial loss resulting from theft of vehicle or total loss. For instance, imagine your bike or scooter is stolen and the authorities are not able to find it.

Roadside Assistance

It covers fuel delivery, towing, and flat tyre assistance services.

Zero Depreciation Cover

This add-on removes the depreciation factor at the time of a claim to ensure that you receive the entire cost of repairing your vehicle.

Consumables Cover

While motor insurance typically excludes the cost of items like nuts, bolts, and engine oil, consumables cover ensures coverage for such items.

Return to Invoice Cover

In case your vehicle is stolen or declared a total loss, this add-on cover ensures that you get the price you paid for the vehicle according to the original invoice rather than its current market value.

What’s Not Covered Under Bike Insurance?

It is crucial to understand when you will not be covered under your bike insurance.

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.

Don’t wait until it’s too late. Protect your ride with Bike Insurance.

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How To Buy A Bike Insurance Policy Online?

Input your bike registration no, mobile number and pin code, and click ‘Proceed.’

1

Evaluate the covers based on features and add-ons. Choose a suitable motor insurance policy for your vehicle.

2

Input all the details, such as proposer details, EIA, nominee details, etc.

3

You can pay online and get your policy right away in your inbox.

4

How Can You Save Money On Bike Insurance Premium?

Claim No Claim Bonus Benefit (NCB)

If you drive safely, you will unlikely have to file a claim. Use this to your own advantage by using your NCB benefits.

Install Safety Devices

Installing safety equipment reduces your vehicle’s chances of getting stolen. As a result of the lesser risk, the insurance provider is likely to charge a lower premium.

Compare Plans

The easiest method for finding affordable two-wheeler insurance is by comparing coverage options provided by various insurance providers.

Select A Higher Deductible

The deductible is the part of the claim which you will pay out of your own pocket. If you choose a higher optional deductible, the insurance company’s liability to pay decreases, resulting in a reduced bike insurance premium rate.

Why You Should Get A Bike Insurance Policy Online?

Get Instant Quotes

Bike insurance calculators provide instant quotations for your bike coverage. Enter your bike’s information, and the premium rates will be displayed, both inclusive and exclusive of taxes. You can also choose add-ons for your comprehensive insurance coverage and receive the revised premium immediately.

Quick Issuance

If you buy bike insurance coverage online, you can get it within a few minutes. You just need to complete a web-based application form, submit bike details, and pay the associated costs online before the policy is provided to your email address.

Cashless Treatment Admission

Purchasing bike insurance online requires only a few documents. When purchasing your first policy, you must upload your bike’s registration forms, information, and KYC documents. You can renew your bike insurance or change plans without any additional paperwork.

Payment Reminders

After purchasing a bike insurance policy online, you will receive regular renewal reminders to ensure that your coverage is renewed continually. This ensures that you receive uninterrupted coverage.

Planning a road-trip soon? Here’s a biker’s checklist!

Check Out!

Benefits Of Bike Insurance Policy

Good Financial Choice

Bike insurance shields you financially in the event of theft, accidents, or damage to your vehicle. When you buy and renew your bike insurance timely, you secure yourself and your bike from unexpected events. Knowing that you have two-wheeler insurance gives you peace of mind while on the road.

Covers Repair Expenses

In the event of an accident, you won’t have to be worried about unforeseen additional expenses.Bike insurance will cover the cost of repairing your two wheeler if you have chosen the appropriate insurance plan. Many insurance policies provide additional benefits such as roadside assistance and towing, which ensure you receive aid quickly in case of an accident or a breakdown.

Reimbursement for Disasters

One common myth among two-wheeler owners is that you can't file a claim if a natural disaster damages your bike. However, this isn’t true. If you purchase bike insurance covering natural disasters, such as floods, tsunamis, or earthquakes, and any of these events damage your bike, your bike insurance coverage covers it.

Legal Compliance

In India, it is legally obligated to have third-party motor insurance to drive a motor vehicle, including bikes. Third-party insurance covers the costs of injuries or damage caused by your bike to other individuals or their property. For example, if you have SBI General’s Two-wheeler Insurance Policy for your vehicle and get in an accident, you can enjoy the peace of mind that comes with knowing you are financially secured.

Provides Third-Party Compensation

One common myth among two-wheeler owners is that you can’t file a claim if a natural disaster damages your bike. However, this isn’t true. If you purchase bike insurance covering natural disasters, such as floods, tsunamis, or earthquakes, and any of these events damage your bike, your bike insurance coverage covers it.

How To Pick The Best Bike Insurance Plan

Duly filled claim form.
Policy number and contact details.
Original registration certificate of the bike.
Bike’s make, model, and registration number.
Original bike insurance policy documents.
Name of the policyholder.
Previous insurance details, if applicable.
Time and date of the incident.
Time and date of the incident.
Description of the event and extent of damage.
Original police FIR (in case of theft or third-party incidents).
Personal details of the claimant or representative.

How To File Bike Insurance Claim Online?

Call us on 1800 102 1111 or email customer.care@sbigeneral.in and inform us about your claim with your policy details.
Once your claim is registered, our customer support executive will provide you with a Claim Reference Number.
You will be required to submit the relevant documents, including your Driving License, RC Copy, and Policy FIR Copy, as per the Policy terms and conditions.
An arrangement will be made by us for an inspection, it will be conducted within 24 hours if a claim is reported on a working day, or the next working day if the claim is reported on a Sunday or a public holiday.
On cashless facility confirmation, the vehicle can be repaired at a preferred network garage, and payment can be made directly to the garage.
You will only be required to pay the deductible as mentioned in the policy and the depreciation value, salvage, etc., as the surveyor has informed you.

Call us on 1800 102 1111 or email customer.care@sbigeneral.in and inform us about your claim with your policy details.
Once your claim is registered, our customer support executive will provide you with a Claim Reference Number.
You will be required to submit the relevant documents, including your Driving License, RC Copy, and Policy FIR Copy, as per the Policy terms and conditions.
An arrangement will be made by us for an inspection, it will be conducted within 24 hours if a claim is reported on a working day, or the next working day if the claim is reported on a Sunday or a public holiday.
The insurer can then repair the vehicle, followed by the insurer's payment for the same.
Submit all bills and payment receipts along with your policy details to us, and we will make the payment within 7 working days of completion of the documentation.

Understand why having bike insurance is mandatory in India and protect your ride!

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How To Choose The Best Bike Policy?

Assess your needs by understanding your vehicle’s value, your driving habits, and the level of coverage you need.

Compare different options before settling for the first one and learn about several factors influencing your policy premium rates.

Check the company’s claim settlement ratio and review the deductible listed in the policy.

Check the inclusions and exclusions of the insurance plan. You should consider the total coverage, exclusions, deductibles, premium rates, claim settlement ratio, and availability of add-on covers while comparing different options for Bike insurance.

While comprehensive insurance covers many benefits, including theft, collision insurance only covers damages caused by collisions with other objects or vehicles.

If you travel long distances or go on frequent rides in your vehicle, you may consider getting appropriate add-on covers to enhance your overall coverage.

FAQs About Bike Insurance Policy

Broadly speaking, there are two popular types of bike insurance plans in India. First is the third-party bike insurance which is mandatory in the country and the second is a comprehensive bike insurance cover. It is recommended that you buy comprehensive coverage to ensure that you are covered for both your own damages and third-party liabilities.

The process of bike insurance renewal is easy and quick. You simply need to log in to our website and open your profile. Here you can click on renew bike insurance and make a payment. You will receive the receipt and the renewal confirmation in your email. You can also renew the insurance plan offline by visiting the office of the lender with your policy details. We will intimate you about the renewal of the policy a few days in advance.

You can make an online payment for bike insurance through net banking, mobile wallet, debit card, or credit card.

The amount of premium payable on the two- wheeler insurance will depend on a lot of factors. This amount will vary from one policyholder to another. It depends on the geographical location, the model and make of the bike, the capacity of the engine, year of manufacture, voluntary deductible.

A bike insurance policy can be cancelled during the term of the policy. To do this, you need to provide supporting documents that you have purchased a new policy or the registration of the bike has been cancelled by the RTO.

Two Wheeler Insurance Policy

Two Wheeler Insurance Policy – Package
IRDAN144RP0006V02201112

Bundled Two-Wheeler Insurance Policy
IRDAN144RP0007V02201819

DISCLAIMER:
The above information is indicative in nature, for more details on complete coverage and terms & conditions, please contact our nearest office and also read the policy document and sales brochure carefully before concluding a sale.
 SBI General Insurance and SBI are separate legal entities and SBI is working as Corporate Agent of the company for sourcing of insurance products. Number of network hospitals would differ based on the TPA servicing your policy. 
*T&C Apply