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SBI General Stand-Alone Own Damage Cover for Two Wheeler is designed for bike and scooter owners who want financial protection against damage to their own vehicle. Subject to the policy terms, the cover includes accidental external damage, fire, theft, riots, malicious acts and specified natural calamities. It can complement an existing third-party motor insurance policy, but it does not replace that mandatory liability cover. The payable premium depends on the insured vehicle, its Insured Declared Value (IDV), registration location, applicable discounts and selected add-ons. Customers should review the policy wording, deductibles and exclusions before purchasing.
Protects your bike or scooter against covered accidental damage, theft, fire and natural calamities
This policy may suit owners who already maintain third-party insurance and want separate protection for their own two-wheeler. Its key benefit is cover against specified accidental and other insured losses, including theft and eligible natural-disaster damage. It is important to understand that standalone own-damage cover does not pay third-party injury, death or property-damage liabilities. Claim settlements remain subject to the policy schedule, IDV, depreciation, deductibles, inspection and applicable terms. Compare the quote and available add-ons against your existing policy before deciding.
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
Covers eligible physical damage to the insured bike or scooter caused by accidental external means.
Claim assessment, deductibles and policy conditions apply.
Provides cover for insured vehicle damage resulting from covered fire, explosion, self-ignition or lightning events.
Subject to the policy wording and applicable exclusions.
Provides protection against covered theft or burglary-related loss of the insured two-wheeler.
Required claim documents and policy conditions apply.
Covers specified events such as floods, storms, cyclones, hailstorms and earthquakes as provided in the policy.
The exact insured events are defined in the policy wording.
Covers eligible vehicle damage caused by specified riot, strike, malicious or terrorist-related events under the policy.
Subject to the applicable policy terms and exclusions.
An optional enhancement that may reduce depreciation deductions on eligible replaced parts during an admissible claim.
Availability, eligibility, limits and additional premium must be confirmed in the quote.
An optional assistance benefit that may provide support for specified roadside breakdown situations.
Confirm availability and services for this standalone policy before purchase.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
SBI General plans and claim process
It is a motor policy designed to cover specified damage or loss to your insured bike or scooter. It does not replace third-party liability insurance.
No. This is standalone own-damage cover. You must maintain valid third-party liability insurance separately.
Subject to the policy wording, covered events can include accidental external damage, fire, theft, riots, malicious acts and specified natural calamities.
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)
Standalone own-damage cover is intended to complement third-party insurance. The insurer will determine eligibility and applicable terms when issuing the policy.
The quote can depend on the two-wheeler make and model, age, location, Insured Declared Value (IDV), selected add-ons and applicable discounts.
Covered theft or burglary-related loss may be insured, subject to policy conditions and the required claim documentation.
Do not assume these are automatically included. Confirm whether each add-on is available, selected and listed in your policy schedule.
Depending on the claim, documents may include the policy details, claim form, vehicle registration certificate, driving licence, repair estimates or bills, and an FIR where required.