Loading...
Loading...
SBI General Bundled Two Wheeler Insurance Policy combines third-party liability protection with own-damage cover for the periods specified in the policy schedule. The bundled structure described in the insurer’s prospectus provides five years of third-party liability cover alongside one year of own-damage protection for eligible new two-wheelers. Own-damage cover may protect against insured accidental damage, fire, theft, specified natural calamities and certain man-made events, subject to policy terms. Third-party cover addresses eligible legal liabilities for injury, death or property damage caused to others. Premiums depend on the vehicle, location, applicable rates, insured declared value and selected options. Check the issued schedule carefully for the exact policy periods, benefits and renewal requirements.
Combines long-term third-party liability with own-damage protection for the specified policy periods
A bundled policy can be convenient for eligible new-bike buyers because the third-party and own-damage sections have different policy periods. Owners should pay particular attention to the own-damage expiry date: the bundled structure does not mean own-damage protection necessarily lasts as long as the third-party section. Claims remain subject to the policy wording, deductibles, depreciation, exclusions and documentation requirements. This policy is worth comparing against other eligible options, but buyers should verify the periods and covers shown in their quote and policy schedule before paying.
SBI General
Key Insights
Founded
2009
SBI General was established 17 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
94.5% CSR, calculated as a 3-year average
SBI General settles 94.5% of all claims it receives.
Contact Details
1800 102 1111
Headquarters: 9th Floor, A & B Wing, Fulcrum Building, Sahar Road, Andheri (East), Mumbai – 400 099, Maharashtra, India
Provides cover for eligible legal liability arising from accidental bodily injury, death or third-party property damage caused by use of the insured two-wheeler.
Subject to applicable law, limits and policy terms.
Covers eligible accidental physical damage to the insured two-wheeler during the own-damage policy period.
Own-damage cover has its own period; check the policy schedule.
Covers insured vehicle damage caused by covered fire, explosion, self-ignition or lightning events.
Subject to the policy wording and exclusions.
Provides protection against covered theft or burglary-related loss of the insured vehicle.
Claim documentation and policy conditions apply.
May cover specified events such as floods, storms, cyclones, hailstorms, earthquakes and landslides.
Refer to the policy wording for the exact insured events.
An optional cover that may reduce eligible depreciation deductions on replaced parts for an admissible own-damage claim.
Availability, conditions, limits and additional premium must be confirmed for the issued policy.
Where offered and selected, this add-on may provide an enhanced settlement for eligible theft or total-loss claims based on defined invoice-related terms.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
SBI General plans and claim process
It combines third-party liability and own-damage cover for the respective periods stated in the policy schedule. The insurer’s prospectus describes a five-year third-party period and one-year own-damage period for the bundled product.
The published bundled structure describes five years of third-party liability cover and one year of own-damage cover for eligible new two-wheelers. Always verify the periods in your own policy schedule.
Not necessarily. In the described bundled structure, own-damage cover is for one year while third-party cover is for five years. Check the own-damage expiry date and arrange renewal when required.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official SBI General website before purchasing.
Official Website
sbigeneral.in
Visit the official SBI General website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
Eligibility, limits and availability must be confirmed in the quote and policy schedule.
It provides cover for eligible legal liability for accidental bodily injury, death or property damage caused to third parties, subject to policy terms and applicable law.
During the applicable own-damage period, covered events may include accidents, fire, theft, specified natural calamities, riots, malicious acts and certain transit-related losses.
The premium depends on vehicle details, location, applicable rates, insured declared value, chosen cover and any selected add-ons. Obtain a quote for the specific vehicle.
Do not assume optional covers are included automatically. Confirm availability, eligibility, additional premium and selection in the quote and policy schedule.
Depending on the claim, the insurer may request policy details, the vehicle registration certificate, driving licence, claim form, repair estimates or bills and a police report where required.