SBI Two-wheeler Insurance renewal

Here’s a comprehensive guide to how you can renew SBI two-wheeler insurance policies conveniently.
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SBI Two-wheeler Insurance renewal
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3 Mins
25-July-2023

SBI General Insurance offers comprehensive two-wheeler insurance policies to help protect vehicles and riders. Policyholders can renew their policies online or offline to ensure uninterrupted coverage.

In this article, we will discuss the features of SBI two-wheeler insurance renewal, the benefits of online renewal, and the steps to renew your policy both online and offline.

SBI two-wheeler insurance renewal – Key features

To understand the features of SBI two-wheeler insurance, check out the table below:

Features

Specifications

Third-party liability

Protection against third-party damages or injuries.

Own damage cover

Coverage for own vehicle damages due to accidents or theft.

Personal accident cover

Protection against personal accidents.

Add-ons and discount

Optional coverage and discounts for policyholders.

Cashless claim settlement

Hassle-free claim settlement with a cashless option.

No claim bonus

Policyholders can avail of discounts for not claiming.

Instant policy renewal

Online and offline renewal options with instant renewal.


Here are the features of SBI two-wheeler insurance in detail:

  • It provides coverage for third-party liability for damages to their property or any injuries caused due to an accidental collision with your two-wheeler.
  • Own damage cover offers protection against damages caused to your vehicle due to an accident, natural calamities, theft, or any other unforeseen incidents.
  • The policy provides coverage for personal accidents that the rider or pillion might face due to two-wheeler accidents.
  • SBI two-wheeler insurance policyholders can opt for add-ons such as zero depreciation cover, engine protector, etc., to enhance their coverage. They can also avail of discounts on their premiums for being a good rider, installing anti-theft devices, etc.
  • It allows policyholders to avail of a cashless claim settlement option from its network of garages or workshops.
  • Policyholders who do not make any claims during the policy period can avail of a no-claim bonus, providing them with a discount on their premiums during the renewal.
  • SBI two-wheeler insurance provides instant policy renewal options both online and offline, making the process quick and hassle-free.

Benefits of SBI two-wheeler renewal online

Renewing the two-wheeler policy online not only saves time but also provides several benefits to the policyholders, such as:

  • Convenience: Policyholders can renew their SBI two-wheeler insurance policy from the comfort of their homes or offices.
  • Instant renewal: Online renewal allows policyholders to renew their policy instantly, avoiding any wait times or delays.
  • Secure and safe transactions: Online transactions are safe and secure, ensuring policyholders' privacy and data protection.
  • No documentation: No documentation is required for online renewal, making the process fast and effortless.

Steps to renew SBI two-wheeler insurance online

Renewing your SBI two-wheeler insurance policy online is a simple and hassle-free process. Follow the below-mentioned steps to renew your policy online:

Step 1: Visit the official website of SBI General Insurance.

Step 2: Click on the 'Renew Policy' option.

Step 3: Enter the policy details such as policy number and expiry date.

Step 4: Review the policy and make any necessary changes.

Step 5: Make the premium payment using available payment options.

Step 6: After payment confirmation, your policy will be renewed instantly.

How to buy SBI two-wheeler insurance policies at Bajaj Finance Insurance Mall

In case your existing bike insurance policy has expired, and you are looking to renew your coverage, you can buy a SBI two-wheeler insurance policy from Bajaj Finance Insurance Mall. Here are the steps:

Step 1: Visit Bajaj Finance Insurance Mall and view the bike insurance plans offered by leading motor insurance companies.

Step 2: Choose SBI two-wheeler insurance policy and click on 'Get Quote’ to open the online application form.

Step 3: Enter the vehicle type, two-wheeler registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.

Step 4: Choose the IDV, NCB value, add-on covers, and plan type to get a list of relevant policies. You need to update your current policy expiry date here.

Step 5: Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.

Step 6: Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on ‘Proceed’.

Step 7: Enter vehicle owner’s name, date of birth, residential address, and contact number. Also, enter vehicle engine and chassis number (as per the RC) and previous policy details.

Step 8: Review your previously filled details and make the payment through your preferred online payment mode. You can use net banking, UPI, credit/debit card to buy the policy.

How to renew SBI two-wheeler insurance offline

SBI also provides the option of renewing the policy offline. You can visit the nearest State Bank of India branch office to renew your two-wheeler insurance policy. You need to carry your old policy document, bike registration certificate, and payment details while visiting the branch office.

Documents required for SBI two-wheeler policy renewal

To renew your SBI two-wheeler insurance policy, you need to provide the following documents:

  • Policy documents
  • Previous policy copy
  • Vehicle registration certificate
  • Identity proof such as Aadhaar card or Pan card
  • Address proof such as passport or electricity bill

In conclusion, renewing your SBI two-wheeler insurance policy is essential to ensure uninterrupted coverage and protection. Renewal can be done both online and offline, offering policyholders a convenient and hassle-free experience. By following the steps mentioned above, policyholders can renew their policies and enjoy continued coverage and benefits.

Frequently asked questions

Can I choose to add additional add-ons at the time of my SBI renewal two-wheeler?

Yes, SBI General Insurance allows policyholders to add additional add-ons such as zero depreciation cover, engine protector, etc., at the time of their policy renewal. Adding these add-ons can help enhance the coverage of your policy and protect you from additional risks.

What is the ideal time to get my SBI bike insurance policy renewed?

The ideal time to renew your SBI two-wheeler insurance policy is before the expiration of your current policy. The policy should be renewed 30 days before or on the due date to avoid a waiting period or loss of benefits. The earlier you renew your policy, the smoother the renewal process will be. Additionally, if you miss renewing your policy, the no-claim bonus accumulated over the years will expire, resulting in higher premiums.

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