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4th March 2016, 01:58 PM
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Join Date: May 2012
Re: SBI vehicle insurance

SBI General Insurance Company Limited is a joint venture between the State Bank of India and Insurance Australia Group (IAG).

Features and Benefits of SBI Two Wheeler Insurance

Here are some of the features that come with SBI Two Wheeler Insurance making it very policyholder-friendly.

SBI General provides customized pricing based on your profile when it comes to two-wheeler insurance.

If you insure your vehicle without a break, SBI offers additional discount on the premium.

For customers aged between 25 and 55 years, discounts on premium are offered.

Facility to transfer the full benefits of No Claim Bonus when the motor insurance policy is shifted to another insurer

SBI Two Wheeler Insurance Coverage

A comprehensive cover is offered against the following risks under SBI Two Wheeler Motor Insurance policy.

The policy extends protection against any third-party liability arising out of accidents causing bodily injury or death to a third-party.

The loss or damage to vehicle or its accessories due to fire, self-ignition, explosion and accidental damage by external means is covered.

Damages caused to the vehicle by natural calamities like flood, typhoon, hurricane is covered.

The policy covers the cost incurred from damage to vehicle while in transit by road, rail, inland waterway, air, elevator or lift

This policy will also cover damages caused as a result of burglary, theft, strike, riot, terrorist activity and malicious acts.

SBI Two Wheeler Insurance Opt-in Covers

The following are the additional opt-in covers that come with SBI two wheeler insurance.

SBI General Two Wheeler package policy offers a mandatory personal accident cover of Rs.1 lakh for individuals holding a valid driving license.

This cover is not extended to company owned vehicles.

For a maximum capital sum insured of Rs.1 lakh, pillion rider of the two-wheeler can also be covered.

Higher limits in personal accident cover can also be opted for.

SBI Two Wheeler Insurance Exclusions

Given below is the list of major exclusions that are not covered under this motor insurance policy scheme.

Loss or damage caused to the two-wheeler or its accessories due to normal wear & tear and general ageing of the vehicle.

Depreciation or consequential loss will not be covered.


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