SBI Third-Party Two-Wheeler Insurance
Two-wheelers account for nearly 75% of total vehicles that are in operation in India. However, nearly 60% of vehicles (including mostly two-wheelers) are uninsured across the nation, as per the data of the Insurance Information Bureau of India.
Although purchasing two-wheeler insurance is seen as a private decision, the government has made it mandatory for all two-wheeler owners to carry at least third-party insurance. SBI General’s Third-Party Two-Wheeler Insurance is specifically designed to offer multi-layered protection on the road and off it.
Since a two-wheeler owner is exposed to a variety of risks on roads, it becomes important to know more about such insurance products. Therefore, this post will highlight some important details of Third-Party Two-Wheeler Insurance from SBI General.
Key Features & Benefits Offered By SBI Third-Party Two-Wheeler Insurance
Anyone who purchases the insurance can leverage the following features and benefits:
Strong Network Of Cashless Garages:
SBI General has more than 7000 network garages, where the policyholders can easily receive cashless repair services for their two-wheelers. These garages are present across the country to provide convenience and accessibility.
Great Experience In Claim Handling:
SBI General holds great experience in handling any type of claim, with over Rs. 24,000 crores worth of claims already tackled to date. This indicates that if someone purchases Third-Party Two-Wheeler Insurance from SBI General, he/she can rest assured of a fair, fast, and transparent claim process.
PAN India Presence:
The insurance provider has a strong network of more than 23000 branches that are present at every nook and corner of India. This offers unmatched accessibility to anyone who has purchased Third-Party Two-Wheeler Insurance from SBI General.
Personal Accident Cover:
The insurance also offers a compulsory personal accident cover of Rs. 15 lakhs for the owner/driver. Also, pillion riders can be covered under the insurance for a maximum sum assured of Rs. 1 lakh.
Easy Purchasing & Renewal Process:
The insurance provider offers simple and fast purchasing as well as a renewal process for its third-party two-wheeler insurance. Just visit the official website of SBI General, enter the required information, and one can easily complete the process.
Mobile Application Support:
The insurer also offers a mobile app to its customers that can be downloaded from the Play Store. The application is a one-stop solution for all the requirements regarding SBI’s Third-Party Two-Wheeler Insurance, including purchasing the product, renewing the product, tracking claim status, downloading the policy document, and much more.
Coverage Details Of SBI Third-Party Two-Wheeler Insurance
The insurance product offers the following coverage to its customers:
Damage To Third-Party Property:
Any damage to third-party property brought on by an accident or other incident involving the insured bike is covered by the insurance.
Bodily Injury To OR Loss Of Life Of Third-Party:
The SBI’s Third Party Two-Wheeler Insurance provides full or partial coverage for any bodily injury or death to a third party caused by an insured bike. The law system sets the amount of compensation.
What’s Not Covered Under SBI Third-Party Two-Wheeler Insurance?
Any loss or damage to the vehicle and/or its accessories that results from any of the following will not be covered:
- Normal deterioration and aging of the vehicle
- Depreciation or any other subsequent losses
- Electrical or mechanical failure
- Unauthorised usage of a vehicle in relation to its permitted uses
- Damage to or by a driver who is not in possession of a valid licence
- Damage to or caused by a person operating a vehicle while under the influence of alcohol or drugs
- Damage or loss brought on by mutiny, war, or nuclear peril
Frequently Asked Questions
Numerous variables will affect how much the two-wheeler insurance premium would cost you. Geographical location, bike model and manufacturer, engine size, and year of manufacture, all come into play.
Yes. You can do so. To accomplish this, you must present proof that you have either obtained a new insurance or that the RTO has canceled the bike’s registration.
To check the status of your bike insurance, simply log in using your registered mobile number and vehicle registration information at the SBI website.
You have two options for payment; cash at the nearest SBI branch or debit/credit card or net banking on the insurer’s official website.
Yes, you can do so. Even if someone else operated the bike in your place, you are still eligible for compensation.
You can send an email to email@example.com or use the toll-free number 1800-102-1111. You can also visit any nearby branch office for the same.