SBI Two Wheeler Insurance
SBI General Insurance Company Limited started operations in the year 2010 and is a joint venture between Insurance Australia Group (IAG) and State Bank of India. The company offers several retail and commercial insurance products. The company has almost 21, 000 branches of State Bank of India for retailing its products. The company offers various solutions like motor, personal accident, health, home and travel insurance among others. The company covers 100+ cities in India and has more than 350 covered areas via satellite infrastructure.
- No-Claim Bonus up to 50%
- Personal accident cover up to Rs. 1 lac
- Maximum Third Party Damage up to Rs. 1 lac
- Added premium discount if vehicle is insured without any break
- No-Claim Bonus transfer option
- Premium discounts for customers between 25-55
- Added covers available
- Completely filled covernote / application form with contact numbers
- Name of insured person
- Vehicle number
- Make and model of the vehicle
- Identification card
- Copy of RC book if any
- Copy of previous insurance ( for renewal)
There are quite a few inclusions in SBI General Insurance. These include the following:
- Loss/Damage due to flood/fire/cyclone/earthquake
- Loss/Damage due to self-ignition/explosion/accidental damage via external means
- Damage in transit
- Damage due to typhoon/hurricane/tempest/storm/rockslide/hailstorm/lightning
- Damage due to theft/burglary/riot/strike/malicious acts
The exclusions under SBI General Insurance include the following:
- Damage due to driving under influence of drugs/alcohol
- Loss/damage due to regular wear/tear and ageing
- Consequential loss and depreciation
- Usage beyond limitations of use
- Damage due to riding without valid driving license
- Loss/Damage due to mutiny/war/nuclear linked activities
- The company should be contacted at 1800 22 1111 within 24 hours
- The policy number and other details to be provided
- Contact via toll free number or nearest branch
- Post damage assessment, representative officer will contact customer
- List of documents will be specified for finishing the entire process