Most Trusted Car Insurance
Shriram Car Insurance
Shriram Car Insurance provides financial safety to the policyholder if the insured car has sustained damages due to unforeseen incidents like a fire or theft. This car insurance plan by Shriram General Insurance Company can also be customised as per the policyholder's needs.
About Shriram General Insurance Company
Shriram General Insurance Company is owned by Shriram Group, which is one of the strongest business houses in India. The insurance company is a joint venture between Shriram Capital Limited and Sanlam Limited (South Africa).
The company promises to deliver insurance products that meet the requirements of the common man. Multiple insurance plans are offered by the insurance company, including motor insurance plans, which are tailor-made, customer-friendly and completely transparent.
Key features of Shriram Car Insurance
Third-Party Coverage
Yes
Claim Settlement Ratio
N/A
Personal Accident Insurance
Up to Rs. 15 Lakhs
Network Garages
2,000
No Claim Bonus
Yes
No.of Zero Dep Claims
2
No. of Comprehensive Claims
3
Benefits of Shriram Car Insurance
Shriram car insurance plans come with certain unique benefits that are as follows:
Low-cost insurance plans with the best of the tailor-made coverage
Fast and hassle-free claim settlement service
No Claim Bonus on car insurance is also available
Availability of Personal Accident cover for policyholders
Types of Shriram Car Insurance Policy
Shriram General Insurance Company offers three types of motor policies for four-wheelers. These are:
Shriram Third Party Liability
The Third Party Liability Car policy covers a policyholder against third-party liabilities arising due to the insured car.
Third-party liabilities include property damage, bodily injury and demise of the third party. This car insurance plan does not cover damages sustained by the insured car during an unforeseen event.
Shriram Standalone Motor Own Damage Policy
The Standalone car own damage policy provides coverage against own damages sustained by the insured car due to unexpected events like a road accident. The own damage car insurance does not cover third party liabilities, and thus, a car owner can purchase this plan along with a third party liability car policy.
Shriram Private Car Package
The Comprehensive car insurance policy covers a policyholder against damages sustained by the insured car arising from uncertain events like natural calamities, manmade acts, road accidents, theft and more. Moreover, a car package policy also covers third party liabilities arising due to the insured vehicle.
Shriram Car Insurance Premium Calculator
A car owner can also use a car insurance premium calculator to estimate the premium of a four-wheeler insurance plan before purchasing one. By doing so, the car owner can ascertain whether the policy fits within the budget.
Coverage Under Shriram Car Insurance
What is Covered?
In-transit Damages
Damage in transit by road, rail, inland waterway, lift, elevator, or air
Natural Calamities
Damages from natural calamities like an earthquake (fire and shock), lightning, cyclones, floods, typhoon, etc.
Manmade Acts
Damages due to burglary, theft, strike, riots, malicious acts, and terrorist activity
Third Party Liability
Damages sustained by a third party, such as death, injury and property damage, due to the insured car
Fire
Damages sustained by the insured car due to fire, explosion, self-ignition
Accidents
Any loss or damages caused due to accident
What is not Covered?
Wear & Tear or Breakdown
Loss or damage to the insured car due to general wear & tear, depreciation, or mechanical and electrical failures is not covered
Consequential Loss
Damages sustained by the insured car due to any consequential loss
Other Purposes
If the vehicle is being used for any reason other than as specified in the car plan
Invalid Driving Licence/Drunk Driving
Damage to the insured car when driving after the consumption of alcohol or drugs or without a valid driving licence at the time of an accident
War
Loss/damage due to war, mutiny, radioactivity or nuclear risk
Outside Geographical Area
Any accidental loss that occurs beyond the geographical area
Shriram Car Insurance Add-Ons
Zero Depreciation Cover
Under the Zero Depreciation cover, the insurance company will compensate against the depreciation borne by damaged or replaced parts of the insured car. In other words, this add-on covers the depreciation of the insured car at the time of claim settlement, which is generally excluded from a standard plan.
Daily Reimbursement Cover
Under the Daily Reimbursement add-on cover, the policyholder is entitled to a daily allowance till the time the insured vehicle is under repairs at a network garage. The daily reimbursement will not be payable if the insured vehicle is not being repaired at a network garage.
Return to Invoice Cover
The Return to Invoice cover entitles a policyholder to receive the current invoice value of the car, registration fees and road tax if the car has suffered a total loss. This cover is valuable in case of a total loss due to theft or fire.
Personal Belongings Cover
Under the Loss of Personal Belongings cover, the policyholder will receive compensation against personal items lost or damaged during a car accident. The policyholder will bear the first Rs.500 of each and every claim under this section.
How to Renew Shriram Car Insurance?
For Shriram car insurance renewal from Policybazaar.com, you can follow the steps mentioned below:
How to File a Claim Under Shriram Car Insurance?
To file a Shriram motor insurance claim, you will be required to follow the steps mentioned below:
Register the Claim
The first step is to register the claim immediately after the incident. You can call the insurance company's customer care and register your claim
Damage Inspection
Once the claim has been registered, the insurer will send a surveyor to assess the damage to the insured car before approving the claim.
Vehicle Repairs
Once approved, take your car to a cashless garage near you or a non-network garage for repairs.
Claim Settlement
Once the repairs are complete, the insurer will settle the bill directly with the network garage or reimburse you later in case of a non-network garage.
Documents Required to Raise a Claim Under Shriram Car Insurance
To raise a claim under Shriram car insurance, you will have to submit the following documents to the insurance company:
Car Insurance for Popular Brands in India
FAQs - Shriram Car Insurance
-
How to pay a Shriram car insurance premium? What are the modes of payment available?
Shriram motor insurance premium can be paid online via bank cards, net banking and UPI payment modes. -
How can I check Shriram car insurance policy status online?
To check the Shriram car policy status, you can dial the toll-free number of the company. The customer service associate will provide you with the status of your policy upon confirmation of your details. You can also check the status of your Shriram car insurance online by logging on to their official website or from Policybazaar.com. -
Can I renew Shriram car insurance online? Will I need any documents for that?
Yes, you can easily renew your Shriram car insurance policy online from Policybazaar.com. However, you will not need any documents for Shriram General Insurance renewal online. -
What details are required to claim Shriram car insurance?
For a smooth processing of your Shriram car insurance claim, you need the policy number, driver's contact & DL details, date, time, & location of the accident, and repair estimate. -
What is the policy cancellation process for Shriram car insurance?
To cancel your Shriram car insurance policy, visit the nearest branch with your policy documents and a duly filled surrender form to submit at the counter. Upon a satisfactory check of documents by the office, the policy will be cancelled, and the refund will be directly credited to your bank account. Alternatively, you can also contact customer care via phone to get your policy cancelled.
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#Rs 2094/- per annum is the price for third-party motor insurance for private cars (non-commercial) of not more than 1000cc
*Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB. Actual time for transaction may vary subject to additional data requirements and operational processes.
+Savings are based on the maximum discount on own damage premium as offered by our insurer partners.
^Lowest Price Guaranteed is based on certifications shared by insurers with us. Policybazaar will facilitate price matching subject to the terms and conditions of select insurers.
##Claim Assurance Program: Pick-up and drop facility available in 1400+ select network garages. On-ground workshop team available in select workshops. Repair warranty on parts at the sole discretion of insurance companies. Dedicated Claims Manager. 24x7 Claim Assistance.
