SBI General Bike Insurance Claim Settlement

SBI General Bike Insurance can provide you with a smooth and quick claim settlement process. You can claim coverage for multiple unforeseen eventualities like accidents, theft, natural or man-made calamity damages, etc. Such coverage can cover the costs of repairs and replacement requirements born from such events.

You can initiate the claim settlement process on their website with a handful of documents and details. Their toll-free number and SMS service is open if you’d like to clear any doubts or offer any feedback regarding your bike insurance policy. Additionally, you can trust the SBI General Bike Insurance claim settlement ratio (98%) when it comes to choosing them as your insurance provider. 

Fundamentally, a cashless claim can give you access to services where you do not have to lighten your pockets. The costs of the repairs and replacements will be settled by the insurer with your chosen network garage directly. 

Here’s how you can make an SBI General bike insurance claim for coverage of this kind. 

• Step 1: Intimate SBI General Insurance about your intention to make a claim.

• Step 2: Note the claim reference number that will be provided to you within 24 hours of initiating the claim.

• Step 3: File an FIR in case of third-party accident or theft and request for a copy of that FIR.

• Step 4: Explain the incident to the minutest detail to the insurance company once they contact you. 

• Step 5: Allow your damaged bike to be assessed by your insurers.

• Step 6: Tow your vehicle to your choice of SBI General network garage for repairs.

• Step 7: Allow SBI General to settle your claim with the network garage.

Reimbursement could be another form of claim that you could consider. The insurance company will first require you to pay the repair bills yourself. After this, you are merely required to produce bills and invoices that record your expenditure to the insurance provider to get your rightful refund. 

Follow the steps below to make an SBI General Bike Insurance claim. 

• Step 1: Inform SBI General about your wish to make a bike insurance claim

• Step 2: Carefully jot down the claim reference number given to you within a day of raising your claim

• Step 3: Submit documents like an FIR copy, your bike’s papers, etc. along with crucial details of the incident to SBI General

• Step 4: Take your bike for repairs at a garage of your choice, after intimating SBI General about it, and request for a set of detailed bills which will be submitted to the insurer 

• Step 5: Provide SBI General with your bank account details and the claim amount should be reimbursed to you shortly

Given below are the documents you could be asked for during an SBI General Bike Insurance claim process. 

• Claim form duly filled and signed by insured

• Original documents of your SBI General Bike Insurance

• Copy of Registration certificate duly attested by insured

• Copy of Driving licence of the driver driving the vehicle at the time of accident, duly attested by insured

• FIR copy in case of third-party damage, loss of life, fire, theft, damage due to malicious acts, or disability

• Original repair bills and receipts from the garage in case of reimbursement, etc. 

• Bank A/c details or NEFT Mandate form of the insured/beneficiary

At times, claims do not pan-out as planned. An insurance company has the complete right to deny your claim, which can result in you returning disappointed. Hence, if your claim is rejected, the reasons given below could explain why. 

• Incident was reported later than specified time

• Driving without a licence

• Driving in an intoxicated state

• Misrepresentation of material facts or claim details

• False or fraudulent claims

• Acts of negligence that led to mishap, etc. 

Having your claim rejected can be very troublesome. Hence, it is understandable for you to try every alternative possible to avoid such setbacks. Here are a few key rules to keep in mind if you’d like to avoid any SBI General bike insurance claim rejections. 

• Drive with a valid licence. Not doing so will not only jeopardise any potential claims but also get you into trouble by law

• Transfer your second-hand vehicle’s previous policy. Do not forget to request the previous owner to carry out this transfer within 14 days of the sale/purchase

• Obey all traffic rules and regulations when driving. Any act of negligence that led to an accident can cause you to lose your claim

• Make sure that your bike’s documents and certificates are valid at the time of the claim. Any inconsistencies with documents and information could lead to a claim rejection

• Be honest when filling out the claim form. Every detail of the accident, personal details, witness details (if any), etc. needs to be entered without anything clouding the fact of the matter

• Ensure that you have an FIR. This is a mistake that many make in the cases of theft and third-party accidents. If your vehicle was stolen or a third-party was involved, it is imperative for you to produce an FIR of the incident