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.

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Shriram Bike Insurance Claim Reviews & Ratings

4.8 / 5 (Based on 21 Reviews)
(Showing Newest 21 reviews)
Ankit
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.
Ankur
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.
Anshika
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.
Apoorva
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.
Aryan
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.
Aryan
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.
Bhavana
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.
Dhruvi
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.
Divjot
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.
Taru
Varanasi, August 18, 2021
Pocket Friendly
I got an affordable plan of Shriram General Two Wheeler insurance policy.i got a pocket-friendly plan with a great coverage and documentation procedure was quite easy. Team provides you the best service and fully support. you can buy policy offline as well as online.
Theresa
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.
Vatsal
Aurangabad, August 18, 2021
Roadside assistance
I have bought Shriram two wheeler insurance from policy market. I did not have to pay any extra charges. i got several advantages like roadside assistance and many more. i got protection for my vehicle.
Mannu
Shikohabad, June 04, 2021
Roadside assistance
Last year, I bought Shrira, general two wheeler insurance through policybazaar. I got stuck on a highway far from the city a month back because of the flat tyre. When I called Shrirams customer service, they sent me help within a short time. I was happy they responded quickly to my request.
Gopal
Navada, June 04, 2021
Good cover amount
My policy also offers me good coverage amount in case I face personal accident complications. I really like this two wheeler insurance plan from Shriram group.
Vimlendra
Delhi, June 04, 2021
Affordable plans
Shriram general insurance offers very affordable plans for protecting bikes and scooters. I have been their customer for more than three years since I last bought this plan through policybazaar. I also customised it a little to suit my requirements.
Nilesh
Odagoan, February 01, 2021
Instant Policy Renewal
I have a Suzuki Intruder bike but wanted to change my insurance company during renewals. I decided to give Policybazaar and entered my bike information. I was shown so many options by different insurance companies and the premium was also different. I bought Shriram General Insurance and paid the premium online. The best part was that the policy was issued almost instantly. You can also give Policybazaar a try.
Bhaumi
Nabadwip, January 29, 2021
Plans for Every Budget
I had bought a new Yamaha YZF bike and was looking for an appropriate two wheeler insurance for it. On Policybazaar, I found a variety of plans from different insurance companies and with different budgets. I chose Shriram General Insurance as it suited my budget and provided necessary coverage. I recommend it to all of you.
Aayushi
Vadali, January 29, 2021
Easy Claim Process
I had purchased two wheeler insurance from Shriram General Insurance at Policybazaar for my Royal Enfield Classic 350. Unfortunately, it got stolen and I had to raise a claim. The claim support team at Policybazaar is extremely helpful. They guided me through the process and answered all my queries. In a few days, I received my claim amount. Thank you for the help.
Allen
Odapadaa, September 18, 2020
No claim bonus
I have got the no claim bonus certificate from the policybazaar as for my shriram general two wheeler insurance policy. Thank you team Policybazaar.
Atralarasu
Hadol, September 14, 2020
Low premium price
I have got the shriram two wheeler insurance policy from the policybazaar and it is the best plan. The premium rate of the price of my two wheeler plan is very much less and convenient. Thank you policybazaar.
Rahul
Rampur, May 16, 2016
Good Plan
I own shriram two wheeler insurance plan which is very nice and good benefits. The tow facility is free. Large number of garages are working with company and providing good service. The policy coverage and claims are high and the premium is low. Good behaviour of the executives with clam nature. I like the policy.