Two Wheeler Insurance

Key Feature

Customized Pricing based on your Profile.

Avail discount if you are aged between 25 and 55 years

Enjoy additional discount for insuring your vehicle without a break

Coverage

This Policy is designed to cover the compulsory Third Party Liability as required by Motor Vehicles Act, together with loss or damage to the Vehicle itself.

Third party liability: Protects against any legal liability arising out of the use of the vehicle, towards third parties arising on bodily injury to / on death of a person and any damage caused to third party property.

Loss or damage to the vehicle: covers against any loss or damage caused to the vehicle or its accessories due to the following,

Fire, explosion, self-ignition, accidental damage by external means

Any damage in transit by road, rail, inland waterway, lift, elevator or air.

Lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.

Burglary, theft, riot, strike, malicious act and terrorist activity

SBI General's Two Wheeler Package Policy provides compulsory personal accident cover of Rs. 15 lakh for individual owners (holding a valid driving license) of the vehicle while driving. This is not applicable for a Company owned vehicle.

Pillion Rider of the two wheeler can also be covered for Personal Accident for a maximum Capital Sum Insured of Rs. 1 lakh. You may also opt for higher limits in Personal Accident cover.


Bonus

No Claim Bonus: If you do not make a claim during the Policy period, a No Claim Bonus (NCB) is offered on renewals. This discount can go as high as 50%. (NCB will only be allowed provided the Policy is renewed within 90 days of the expiry date of the previous policy.)

Transfer of NCB: You can transfer full benefits of No Claim Bonus when you shift your motor insurance policy from another company.

Exclusion

Any loss/damage to the vehicle and/or its accessories will be not be covered if caused by the following,

Normal wear, tear and general ageing of the vehicle

Depreciation or any consequential loss

Mechanical/ electrical breakdown

Vehicle being used otherwise than in accordance with limitations as to use

Damage to / by a person driving the vehicle without a valid license

Damage to / by a person driving the vehicle under the influence of drugs or liquor

Loss / damage due to war, mutiny or nuclear risk