Shriram Bike Insurance Claim

Having a two-wheeler insurance policy is important as well as mandatory for bike owners in India. Irrespective of the type of bike insurance you have, you need to file a claim for enjoying the benefits of that policy. Only after successful claim processing will your insurer pay for the damage, loss of your two-wheeler. Understandably, you wouldn't prefer a claim process to be hectic. Shriram offers a hassle-free claim process to their customers to keep the experience smooth for them.

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List of Documents Required During Shriram Bike Insurance Claim Settlement

Here are the documents that you need to submit while filing a bike insurance claim at Shriram:

  • Motor Insurance policy document.
  • Claim form (duly filled and signed by the insured).
  • Registration Certificate RC (copy).
  • Driving license of the person who was driving at the time of the incident.
  • Police FIR (if done any)
  • For non-cashless claims, repair invoice and payment receipt.

How to File a Cashless Bike Insurance Claim for Shriram Bike Insurance?

Step 1: Inform the Insurer:

To file the Shriram bike insurance cashless claim, the policyholder should inform the insurer as soon as the accident, theft, or damage happens to the bike. In case of any injury or damage to the third party or theft of own vehicle, an FIR should be filed immediately. At the time of claim intimation to the insurer, the policyholder needs to provide this information:

  • Policy number
  • Description of an incident
  • Estimated loss
  • Contact details of the Insured
  • Date and time of an incident
  • Place of an accident where the survey can be done.

Step 2: Inspection by the Surveyor:

The insurance company will appoint a surveyor to assess the damage that happened to the insured bike or the third party's bike. The surveyor will report estimates of repairs and collect duly filled claim forms and relevant documents.

Step 3: Vehicle repair:

After the surveyor had assessed the damage and sent his report to the insurance company, the bike can be taken to the nearest garage, which is under the insurer's network, for repairs.

Step 4: Claim Settlement:

All bills of repair and any required documents will be submitted to the insurance company, and the company will bear all expenses. The policyholder will have to pay compulsory deductibles.

How to File Reimbursement Bike Insurance Claim for Shriram Bike Insurance?

Step 1: Contact the Insurer:

The policyholder has to inform the insurer as soon as possible about the incident if any damage occurred out of an accident, damage to the third party, or theft of the own vehicle. The information about date and time, estimated loss, policy number, and contact details must be shared with the insurer.

Step 2: Visit by the Surveyor:

A surveyor will be sent from the insurance company to inspect the place of the incident and the damage incurred. Based on that, he will prepare the report, estimate the repair cost, and submit it to the insurance company.

Step 3: Vehicle Repair:

After the surveyor has inspected the site and given his approval, the insured can choose the garage at his convenience. After repairing the vehicle, all bills and repair receipts will be submitted to the insurance company for reimbursement.

Step 4: Claim Settlement:

The insurance company will check all documents, receipts, and bills and disburse all amounts, excluding necessary deductibles.

Common Bike Insurance Claim Rejection Reasons

Sometimes it is seen that despite filing the claim with all documents, it gets rejected. Here are few reasons for insurance claim rejection:

  • The bike insurance claimgets rejected if someone was riding it without a valid license when the accident occurred.
  • The insured would get the claim based on the policy he opts for; misinterpretation of claim coverage would lead to a claim rejection.
  • The policyholder might not be eligible to file an insurance claim if he was involved in illegal acts- drunk driving, talking on the phone while driving at the time of an incident.
  • Sometimes the company may reject the insurance claim if they are not provided with correct, updated information.

No Claim Bonus

Shriram Insurance Company has a No Claim Bonus policy for its customers by offering a discount in premium only on the condition if the vehicle owner has not made any single claim during the insurance policy term.

The No Claim Bonus of the Shriram will not be applicable if the vehicle owner does not get the policy renewed on time. The vehicle holder will get a 20% discount on the premium for the second year, 25% for the third year, 35% for the fourth year, 45% for the fifth year, and 50% for the sixth year. No Claim Bonus can be carried forward only on the condition the policy is renewed within 90 days of the expiry date of the previous policy.


Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 21 Reviews)

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Shriram Bike Insurance Claim Reviews & Ratings

4.8 / 5 (Based on 21 Reviews)
(Showing Newest 10 reviews)
Moradabad, October 09, 2021
Claim settlement
I was coming home from my office and due to imbalance, I met with an accident. My bike was completely damaged in the accident for which I had applied for the claim. My bike was repaired cashless at the network garage of Shriram General Insurance Company.
Gurgaon, October 09, 2021
Faster claim settlement
Thanks to Policybazaar for helping me get the claim settlement. I wanted to apply for the claim as my bike was damaged and I took the help of Policybazaar from where I had taken Shriram General Two Wheeler Plan. I got faster claim settlement because of Policybazaar.
Tiruppur, October 09, 2021
Midnight assistance
Policybazaar always pushes its limits to offer the best service to its customers. It was twelve at night when I contacted the customer care of Policybazaar for help. My bike was broke down and I needed tow facility. with the help of my Shriram general bike plan i got assistance at midnight.
Aligarh, October 09, 2021
Faster claim settlement
Last week I met with an accident and my bike got completely damaged due to an accident for which I claimed. With the help of Shriram General Bike Plan, my bike got cashless repair. I have got financial assistance in my time of need.
Bareilly, October 09, 2021
Trusted place
I am saying from my experience that Policybazaar is the most trusted place and gives the genuine advice without misleading the customer. I have recently renewed Shriram General Bike Policy which I am using since last four years. great experience with them.
Tiruchirappalli, October 09, 2021
Low cost
I liked Shriram Two Wheeler Insurance out of all the plans I have seen. i was randomly checking two wheeler plans on google and i came across the website of policybazaar. what i saw is Policybazaar is offering such good deals at low cost.
Mysore, October 09, 2021
No claim bonus
I am happy to get my bike insured by taking shriram general insurance policy from Policybazaar. I have recently got no claim bonus as I did not take any claim settlement during my policy term. thanks to Policybazaar for giving such amazing features.
Hubli Dharwad, October 09, 2021
Helpful staff
I had a great interaction with Policybazaar. The executive who was explaining the policy to me was so helpful and made everything clear and understandable by providing brief information about Shriram two wheeler insurance plan.
Solapur, October 09, 2021
Easy to compare
Policybazaar is always on the list when it comes to getting the best deal. I found it very easy to compare different plans on the same platform. I have bought Shriram Two Wheeler from here and when I was buying, it became convenient for me to choose the best plan as they have so many plans available.
Srinagar, August 18, 2021
hassle free procedure
i got many features under my Shriram two wheeler insurance policy which i took from policy bazaar. i got it at affordable rate and procedure was hassle free. it has a coverage against loss or damage to the insured vehicle under my plan.

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between 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.

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#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.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis