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SBI Two Wheeler Insurance

SBI General Insurance Company is a government-owned organization. The company started its operations in 2010 and is a joint venture between State Bank of India and Insurance Australia Group (IAG). The company deals in multiple types of insurance products and Two Wheeler insurance is one of the most demanded among them. SBI Two Wheeler Insurance gives you timely payment of claims, faster claim service, cashless garage facility, flexible premium paying modes, and much more.


Claim ratio


Policy term

1 to 3 years



**Last Updated on 05-11-2020

How To Renew Your SBI Two Wheeler Insurance?

Under the Motor Insurance Act, 1951, it is mandatory to have a valid Two Wheeler insurance plan if you own a Two Wheeler. And, timely renewal of your Two Wheeler insurance is an important thing to do. SBI General allows customers to renew their Two Wheeler easily from the comfort of the home. You can renew the plan through the official website of the company or from Let's explore more about them.

Renewal via

  • Scroll up to the 'Compare Two Wheeler Quotes Section' at the top of this page.
  • Fill the details about your Two Wheeler and click on the tab 'Continue', Make sure to click on the tab renewal and provide details associated with the expiration of the existing policy.
  • Choose the SBI Two Wheeler Insurance plan (which you want to renew).
  • Make the payment.
  • You will receive your policy document(s) over mail.
  • In case of any confusion, connect with our team of experts.

Renewal via SBI General Insurance

  • Visit the official website of the SBI General Insurance Company.
  • Click on the tab 'Renew Policy'
  • Take your cursor to the arrow under Motor Policy.
  • Select 'Two Wheeler Policy'.
  • Click on the continue arrow.
  • Enter the policy type and registration number.
  • Click on 'Get Quote'.
  • Analyze the details and make the payment using digital payment modes.
  • The company will share the policy document with you over the registered email.

Benefits You Get Under SBI Two Wheeler Insurance

Claim Assistance Facility

The claim assistance team of the SBI is always available to sort out your queries related to the claim process.

Extra Safety Option

If your bike/scooter is expensive/luxurious and you are possessive about its maintenance, then add-on covers can really help in withstanding with the rough environment. They are explained in the latter part of the write-up.

Flexible-premium Paying Mode

The customers have multiple options to pay a premium for Two Wheeler insurance. Any online payment mode like credit cards/debit cards/net-banking can be used.

Coverage Options

A person has complete liberty in choosing the type of coverage for insuring his/her Two Wheeler. They can either buy third party liability policy or package policy in harmony to their needs.

Cashless Garage Service

SBI has partnered with 2500+ garages to provide cashless repair service for any accidental damages.

SBI Two Wheeler Insurance: Add-on Covers

To provide additional coverage to your vehicle, the company is offering two effective add-on covers at a nominal price. Such covers are mentioned below.

  1. Return To Invoice: On theft/burglary/total damage of the vehicle, the company will pay the invoice price or purchase price on making a claim. Without this cover, the owner will only get the IDV value of the Two Wheeler.
  2. No Claim Bonus Protection: This will protect your NCB amount from getting drained after making a claim and will keep your NCB benefit active for the entire policy period.
  3. Personal Accident Cover: Under this, you get a cover of Rs.15 lakh for Two Wheelers.

How To Calculate SBI Two Wheeler Insurance Premium?

To buy or renew your Two Wheeler insurance policy, you have to pay an amount called the premium. Whether your vehicle is new or old, the Two Wheeler insurance premium calculator will help you to choose the right premium within your budget.

The Two Wheeler insurance premium depends upon the model, age, location of your vehicle, among others. A few of the premium samples are mentioned below for your reference.



Plan Type


Zero Dep

Estimated Premium

Honda Shine- Kick start drum brake spoke wheels (125cc)




Included in the premium


Yamaha FZS- FI (149cc)




Included in the premium


Bajaj Dominar 400* ABS (373cc)




Included in the premium


Royal Enfield Classic- ASH (350cc)




Included in the premium


Table Data updated on 05-11-2020

*The values are calculated on the basis of the city (Delhi) and year of registration (2020).

Discounts Under SBI Two Wheeler Insurance

  • No Claim Bonus: SBI Two Wheeler Insurance gives you a loyalty discount on premium in the form of NCB for not making a claim for one or more policy years.
  • Automobile Association Membership: People who hold Automobile Association membership can avail a discount of 5% on the premium of the policy.
  • Installation of Anti-Theft devices: Customers will receive a discount on the premium of the policy by installing anti-theft devices (approved by ARAI) in their Two Wheelers.

How To File The SBI Two Wheeler Insurance Claim?

You invest in a Two Wheeler insurance plan to get the required financial assistance at the time of need and SBI General Insurance Company understands the same. To provide more convenience to its customers, SBI has made the entire claim process easier. You just have to follow the below-mentioned steps to file a claim.

  • Visit the official website of the SBI General Insurance Company.
  • Scroll down to the end of the page and click on 'Intimate Claim'.
  • Click on the 'Claim Intimation'.
  • Fill the basic details like name, mobile number, email address.
  • Select 'City' and 'Product'.
  • If you have the two wheeler insurance policy number with you, then please submit the same or else continue to write remarks.
  • Click on the tab 'Submit'
  • The surveyor will ask for the required documents.
  • The surveyor will access the claim and will share the results with you over the call/email.

Note:- You can connect on toll-free number 1800 22 1111 or SMS "CLAIM" to 561612 to register your claim offline.

What Are The Required Documents To File an SBI Two Wheeler Insurance Claim?

You have to submit the below-mentioned documents to make a claim on your Two Wheeler insurance:

  • RC copy of your Two Wheeler
  • The claim form duly filled
  • Estimates of the loss
  • Repair invoice & relevant payment receipts
  • Policy documents
  • ID proofs
  • Driving license

Contact Details

SBI General Insurance Company Ltd.

Contact details: 1800221111

Email address:

Address: "Natraj", 301, Junction of Western Express Highway & Andheri Kurla - Road, Andheri (East) Mumbai - 400 069 Insurance Web Aggregator

Contact number: 1800-4200-269/1800-4203-180

Email id:

Registered Address: PolicyX.Com Insurance Web Aggregator Private Limited

1st Floor, Landmark Tower, Plot no-2, Southcity-1, Opposite C-113, Ashok Marg, Sector-41, Gurugram - Haryana - 122001 India.

SBI Two Wheeler Insurance : FAQs

1. What is the maximum amount of NCB allowed in the SBI Two Wheeler Insurance Policy?

The percentage is given based on the number of claims not been made. The table is shown below for consideration.

Not making claim for 1 year


Not making claim for 2 years


Not making claim for 3 years


Not making claim for 4 years


Not making claim for 5 years or more


2. What to do if my Two Wheeler meets with an accident outside the policy registration area?

SBI Two Wheeler Insurance offers Pan India services. However, beyond the city limits, the company might not offer the pick-up and drop facility. The company will appoint a surveyor for the assessment of loss.

3. Can I buy Add-ons in the middle of the policy tenure to enhance the cover?

Yes, you are allowed to buy add-ons in the middle of the fixed tenure. The team of SBI might inspect the vehicle before providing approval for the add-ons.

4. In a partial theft case, is FIR mandatory?

Yes, FIR / Police intimation is mandatory in partial theft.

5. Is there any limit on the number of add-ons that I can buy?

No, there is no limit to the same. You can buy any number of add-ons. However, it is advisable to invest in the same as per your requirements only.

Last updated on 05-11-2020