SBI Two Wheeler Insurance Add on Covers

Starting at only ₹1.5 per Day*

Two wheeler Insurance banner image
Enter your details to buy Bike Insurance
By proceeding you agree to Terms & Conditions
Proceed without two wheeler number
  • compare buy
    Compare and buy at best price
  • instant policy
    Instant Policy Issuance
  • no unwanted calls
    No unwanted calls. We promise!

SBI General Two Wheeler Insurance Highlights

SBI General (Two Wheeler Insurance)
SBI General Insurance offers a wide range of general insurance products in retail and commercial space ranging from Motor, Health, Personal Accident, Travel and Home Insurance in the retail space and products like Aviation, Fire, Marine, Package, Construction & Engineering and Liability Insurance in the commercial space.
icons
Claim Settlement Ratio
89
icons
Video Claim
Available
icons
Usp
-- App based claims % - 68% of claims are handled through LVS. Customers can to do Self Survey and upload documents through this facility
icons
close -- App based claims % - 68% of claims are handled through LVS. Customers can to do Self Survey and upload documents through this facility
icons
Spot Claims
Available upto Rs 10,000

Two-wheeler insurance add-on covers refer to some additional coverages that you can avail with your comprehensive or standalone own-damage bike insurance policies. The SBI bike insurance add-ons are available in exchange for an additional premium still worth the single penny due to their significant enhancement in the coverage of a basic policy. SBI Two-wheeler insurance add-ons covers are like an icing on the cake that gives strength to the coverage of your bike. There are several two-wheeler add-on covers to be opted from along with the standard bike insurance plans. If you are looking for an add-on cover for your bike from SBI General, you are at the right place. Read the add-on covers by SBI in detail below.

SBI – 3 Important Add-on Covers For Your Two Wheeler Insurance Policy

Add-on covers by SBI two wheeler insurance are pretty affordable and are most popular and can be found commonly with most bike insurance policies. You can select the most appropriate and specialized add-on covers based on your needs and budget. It is not mandatory to purchase add-on covers with a two-wheeler insurance policy. Yet, buying it can provide you with extra protection. Provided the details below to know more about them:

Return-to Invoice

Return-to invoice cover offered by SBI General Insurance allows you to get the full invoice cost of your bike in case of total loss, constructive total loss (more than 70%), or theft. If you buy this SBI two-wheeler insurance add-on cover along with your standard bike insurance policy, then the insurer protects you in case of any financial shortfall between the amount you have to receive under Section I of your bike insurance policy and the cost mentioned in the invoice for purchasing that. It also offers coverage to you against the charges of first-time registration if your bike gets damaged or stolen during the policy tenure.

Protection of NCB

This add-on benefits the policyholders by protecting the no-claim bonus even if they raise a claim in the policy period. This means if you own the SBI bike insurance add-on cover of protection of NCB,  you will be able to retain the already existing no-claim bonus of your expiring policy at the time of renewal of the policy. Provided that this add-on cover can only be availed for a single claim in the period of a policy year.

Zero Depreciation Cover

Depreciation is a natural happening that emerges with time. The burden of bearing the expense of depreciation incurred by a bike, by default, rests with the bike’s owner. A zero depreciation cover offered by SBI General Insurance helps you reduce the stress of bearing the cost of depreciation of your two-wheeler so that you can claim a higher amount. However, with the SBI bike insurance add-on cover, you can claim this depreciation cover only two times under a policy period.  This cover is available only for bikes not older than 5 years.

SBI Bike/Two Wheeler Insurance Add on Cover FAQs

  • 1. What is not covered under SBI zero depreciation add-on cover?

    Under SBI zero depreciation add-on cover, the following risks are not covered:

    • Claim made more than twice within a policy period.
    • Normal wear and tear and repair and replacement due to that.
    • Bikes with an age of more than 5 years.
    • Total loss.
    • Mechanical and electrical breakdown of the bike.
    • Imported bikes.
  • 2. Who should buy the SBI zero depreciation add-on cover?

    Though the zero depreciation add-on offered by SBI General Insurance should be opted for by anyone who owns a bike to avoid the depreciation charge and the cost of repairing or replacing bike parts. Yet, it is best suitable for the following:

    • New or inexperienced drivers
    • Luxury bike owners 
    • Sports bike owners
    • New bike owners
    • For those living in accident-prone zones
  • 3. Is there a fee for the SBI bike insurance add-on coverage?

    Yes, you will have to pay an additional premium amount to buy an SBI bike add-on cover in your basic bike insurance policy to use it to enhance the coverage of your protection under your insurance cover. The price of the opted SBI two-wheeler insurance add-on cover is to be specified in your policy document or online portal of the SBI General Insurance.

  • 4. How many SBI bike insurance add-on covers can I buy at a time?

    There are no limits to how many SBI bike add-on covers you can combine with your basic two-wheeler insurance policy. Hence, you obviously can buy as many SBI add-on covers as you want to add at a time.

  • 5. When can I purchase the SBI two-wheeler insurance add-on covers?

    You can purchase the SBI bike insurance add-on covers when purchasing the SBI bike insurance policy. Also, you can opt for add-on covers while applying for the renewal of your SBI bike policy.

Recent Articles

View All
https://insurance-blog-cms.paytminsurance.co.in/178_Two_Wheeler_Insurance_What_Is_Endorsement_In_Two_Wheeler_Insurance_Policy_8_2610143400.jpg

It's All About Selecting No-claim Bonus (NCB) During Bike In...

Select the appropriate no-claim bonus percentage while renewing your bike insurance policy and save significan...

Read More
https://insurance-blog-cms.paytminsurance.co.in/170_Two_Wheeler_Insurance_All_You_Need_To_Know_About_Multi_year_Two_wheeler_Insurance_7_12297fb5dd.jpg

Renewal of IFFCO-Tokio Two-wheeler Insurance Online: A Compr...

Renewing your two-wheeler insurance online is easier, faster, and simple and doesn't require paperwork. Follow...

Read More
https://insurance-blog-cms.paytminsurance.co.in/178_Two_Wheeler_Insurance_What_Is_Endorsement_In_Two_Wheeler_Insurance_Policy_8_2610143400.jpg

Steps to Claim Reliance Bike Insurance

It's a big relief if you have someone who will cover all your financial losses that may incur in the future du...

Read More
https://insurance-blog-cms.paytminsurance.co.in/178_Two_Wheeler_Insurance_What_Is_Endorsement_In_Two_Wheeler_Insurance_Policy_8_2610143400.jpg

Steps to Claim Bike Insurance at HDFC Ergo

All bike insurance policyholders expect an easy and hassle-free claiming facility from their bike insurance co...

Read More
https://insurance-blog-cms.paytminsurance.co.in/170_Two_Wheeler_Insurance_All_You_Need_To_Know_About_Multi_year_Two_wheeler_Insurance_7_12297fb5dd.jpg

Off-road Bike Insurance: All You Need to Know

Youngsters in India are very adventurous and love to do off-road riding. It is always advisable to purchase bi...

Read More
https://insurance-blog-cms.paytminsurance.co.in/185_Two_Wheeler_Insurance_How_To_Transfer_Your_Insurance_Before_Selling_Your_Second_Hand_Bike_2_775fd4ea87.jpg

Different Types of Bike Insurance and Its Variants

What are the different variants of bike insurance available at the moment? Read on to find out the various typ...

Read More
https://insurance-blog-cms.paytminsurance.co.in/178_Two_Wheeler_Insurance_What_Is_Endorsement_In_Two_Wheeler_Insurance_Policy_8_2610143400.jpg

Bike Insurance: Should You Buy It from Bike Dealers?

Do you need to buy insurance from a bike dealer? Is it mandatory? The answer may surprise you. Read more to de...

Read More
https://insurance-blog-cms.paytminsurance.co.in/185_Two_Wheeler_Insurance_How_To_Transfer_Your_Insurance_Before_Selling_Your_Second_Hand_Bike_2_775fd4ea87.jpg

Everything You Need to Know About Acko Bike Insurance Before...

Acko bike insurance provides two bike insurance policies considering your requirements. They offer mainly thir...

Read More
https://insurance-blog-cms.paytminsurance.co.in/175_Two_Wheeler_Insurance_Checklist_For_A_Long_Road_trip_On_Your_Two_Wheeler_5_f6d2ccb954.jpg

Bike Insurance Premium for 125cc Engine

Bike insurance varies because of many factors, and one among them is bike capacity. Know the insurance policy ...

Read More