SBI General Long Term Two Wheeler Insurance Policy

• Loss/damage cover for the vehicle insured
• Cover for liability to third party
• Personal Accident Cover for Owner cum Driver
• Enjoy premium discounts
• Avail No Claim Bonus
• Cashless claim settlement at network garages across India
• Quick & hassle-free claim procedure

Own Damage Cover

Loss or damage to the vehicle insured and/or its accessories is covered against perils such as fire explosion, self ignition or lightning, burglary, housebreaking or theft, riot and strike, earthquake, flood, typhoon & hurricane, accidental external means, malicious act, terrorist activity, in transit by road, rail, inland-waterway, lift, elevator or air, landslide or rockslide.

Cover towards Third Party Liability

Insured is covered against third party liability arising out of the use of the vehicle in respect of death or bodily injury to occupants carried in a vehicle other than the insured’s vehicle. It also covers damage to property other than the property belonging to the insured.

Personal Accident Cover for Owner - Driver

In case of bodily injury/death caused to the owner cum driver of the vehicle, the compensation is payable depending on the nature of injury sustained.

For death and Loss of two limbs/sight of two eyes/one limb & sight of one eye is covered up to 100%, Loss of one limb or sight of one eye is covered up to 50% and Permanent total disablement from injuries other than the specified ones is covered up to 100%.

This compensation is payable, when the death/injury caused within six calendar months of accidental external and visible means. A maximum of Rs 1 lakh is payable towards personal accident cover during any one period of insurance.

No Claim Bonus

In case of a claim-free policy year, No Claim Bonus (NCB) upto a maximum of 50% is offered on policy renewal. NCB can be availed under a policy, when it is renewed within 90 days from the date of expiry of the policy.

Discounts

Voluntary Deductible offers discount upto 25% on the ‘Own Damage’ Premium, subject to a maximum of Rs 750.

Discount for Anti theft devices is available up to 2.5% on the ‘Own Damage’ Premium subject to a maximum of Rs 1000/Rs 1500 for policies having tenure of 2/3 years, respectively.

Discount for Automobile Association Membership is available up to 5% on the ‘Own Damage’ Premium subject to a maximum of Rs 100/Rs 150 for policies with a tenure of 2/3 years, respectively.

Specially designed/ modified vehicles for the disabled persons can avail discount of 50% on ‘Own Damage’ premium.

5%/8% discount is available upon opting 2 year and 3 year policy tenure, respectively.   

Following are the additional cover/add-ons that can be opted upon payment of additional premium.

• Personal Accident Cover: With this add-on cover, personal accident cover for individual owners of the vehicle while driving are covered up to Rs 1 Lakh. Pillion rider of the vehicle can also get cover towards personal accident for Rs 1 lakh. You also have the flexibility to opt for higher personal accident cover.

Following are the conditions that are not covered under this policy:

• Vehicle is used outside the geographical area
• Vehicle being used otherwise than in accordance with the ‘Limitations as to Use’ specified
• Driving vehicle without a valid driving license
• Any claim arising out of contractual liability
• Mechanical/Electrical breakdown
• Depreciation or any Consequential loss
• Normal wear & tear and ageing of the vehicle
• Loss/damage caused by or arising from nuclear weapons material, etc.