Assuming this doesn't have shielded bearings, and you want to regrease it manually (rather than install a lubricator), the typical recommended approach by SKF is to relubricate by adding grease up to three times, and then open the machine, remove the old grease, and replenish.
In practice, opening a machine to remove old grease is a lot of work and presents a big potential for contamination. Most users just keep on adding grease "forever". If the bearing housing becomes full (may be evident during greasing, may show up as housing that runs hot continuously), then it would be time to manually change out the grease. At our plant we would also change the bearings at that time.
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