Shriram Standalone Own Damage Car Insurance

A Shriram Standalone own damage car insurance policy is designed to specifically protect the insured car from unforeseen mishaps like road accidents, theft, calamities etc. This car insurance plan by Shriram General Insurance Company can be purchased along with third-party insurance for additional coverage.

2000 Cashless garages
Plan starting @ ₹3704^#
96% Claim settlement ratio

#TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Get Car Insurance starting at only ₹2,094/year ^#

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Key Features of Shriram Standalone Own Damage Car Insurance

Categories	Key Features
Own Damage Cover	Yes
Mandatory	No
No Claim Bonus	Upto 50%
Add-on Covers	Yes
Zero Depreciation cover	Yes
PA Cover	Upto Rs. 15 Lakhs

Coverage Under Shriram Standalone Own Damage Car Insurance

Inclusions
Exclusions

Losses arising as a result of fire or explosion are included
Damages sustained by the insured car due to natural calamities like hurricanes, typhoons, cyclones, etc
Damages arising as a result of manmade acts like riots and strikes
Partial or total loss of the insured car due to theft or burglary is covered under the policy
Damages caused to the insured vehicle as a result of external means such as a collision

Accidental damage sustained by the insured car when the driver was not carrying a driving license is not covered under the four-wheeler insurance policy
Any accidental liability sustained by the insured vehicle outside the policy geographical area
Claims arising out of any contractual liability are not covered
Accidental damage or loss arising as a result of nuclear or civil war

Add-ons Under Shriram Standalone Own Damage Car Insurance

Shriram General Insurance Company also offers certain additional covers that a policyholder can purchase to enhance the coverage of his/her OD policy. These add-ons are:

Depreciation Waiver Cover
Personal Belongings Cover
Key Replacement Cover
NCB Protect Cover
Roadside Assistance Cover

How to Buy Shriram Standalone Own Damage Car Insurance Policy?

A Shriram own damage car insurance policy can be purchased online from Policybazaar.com. Simply visit the official website and follow the steps mentioned below:

From the homepage, select the ‘Car Insurance’ tab
You will now be taken to a form where you will be required to enter your car number
Now choose your car’s RTO from the given list of dropdown
Select your car’s manufacturer, model, variant and registration year on the given pages
Fill in the given registration form with your name, email and contact number
From the given own damage car insurance plans, choose the Shriram OD insurance plan along with add-ons that you wish to include in your plan
Once you are satisfied with the coverage, you can pay the premium amount via desired online payment mode
After successful payment, your Shriram car insurance policy documents will be mailed to you.

Documents Required to Raise Shriram Standalone Own Damage Claim

To raise a claim with your insurance provider, inform them about the accident within the next 48 hours. The insurer will send a surveyor to assess the damages sustained by the insured car. Next, you must submit certain documents to the surveyor for claim verification.

These documents include the following:

Duly filled and signed own damage claim form
Copy of vehicle’s registration certificate
Copy of car insurance policy
Copy of Police FIR
Bills of repair
Estimates of repair

FAQs

Q1. How can I reduce Shriram own damage car insurance premium?
Ans: To reduce Shriram OD car insurance premium, follow the tips mentioned below:
- Install an anti-theft device in your car
- Choose your add-ons wisely
- Do not raise a claim in the policy year
- Become a member of the Automobiles Association of India
Q2. Can I renew own damage car insurance online?

Ans: Yes, Shriram OD car insurance renewal can be done online on Policybazaar.com. Enter your car details and renew your policy in just a few minutes.
Q3. What factors are considered while calculating own damage premium?
Ans: Insurance companies consider the following factors while calculating the premium for own damage car insurance:
- Make and Model
- Insured Declared Value of the car
- Coverage opted
- Add-ons opted
- Geographical location of the car
- No Claim Bonus discount
Q4. Is own damage car insurance necessary?

Ans: An own damage car insurance policy is not mandatory as per Indian motor laws. Only third-party car insurance is a compulsory cover to drive on the roads of India.