Shriram Car Insurance Policy covers the damage or the loss caused to your Vehicle due to any Unfortunate Accident. Shriram General Insurance provides the Life Coverage to the Owner of the Vehicle. The company also provides a Claim Settlement to its Insured at a free of cost. So all interested individuals can buy Shriram General Car Insurance Plan as early as possible and Protect yourself from the unexpected Accidents. You can check the Shriram Motor Insurance Policy Features, Coverages & Exclusions, Benefits, Add-ons, Benefits here on our site.
Shriram Car Insurance Policy Review
The Car is a valuable thing chosen by every individual according to their preference. Before buying a car, the person goes through the number of Advertisements to select the dream car. When the individual is on driving sometimes, there may be a chance of unexpected events. At that time, the person suffers a lot to recover the damages done to the car. But here, the Shriram Company is offering the Car Insurance Policy for all persons. By buying this policy, the individuals can travel with peace of mind and without any worries.
Shriram General Insurance Company Limited is a joint Venture between Shriram Capital Limited and Sanlam Limited Company. The Shriram Car Insurance Policy covers the damage to the vehicle and any third party coverages like bodily injury/death & property damage. Therefore, all individuals can buy this Car Insurance Policy to overcome all the these problems.
Shriram General Car Insurance Plan
The policyholders can renew the Shriram Car Insurance Policy at an affordable cost. The Shriram Company also offers the Claim coverage for the Insured in the case of accidents/ Death or bodily damages. It also offers some extra beneficial financial coverages against the third party. The Shriram Motor Insurance Policy also provides some Add-ons which will act as beneficial coverages for the policyholder.
Features and Benefits of Shriram Car Insurance
The Shriram General Insurance Policy offers the following key features and the benefits.
- Avail up to 50% no claim bonus even if the policyholder insured his car with any other car insurance policy.
- Provides 24×7 customer care support regarding car insurance ar any other support.
- Offers best claim process at an affordable low cost.
- The Insured will get claim settlement very fastly.
- The customers can buy or renew the new car policy through online.
- Provides cashless claim service to the Insured.
Shriram Motor Insurance Policy Coverages
The Shriram Car insurance plan offers a various number of key benefits and features. These unique features will help the policyholders to cover some financial losses in the case of sudden damages done to the car in the following cases:
- Natural Calamities: With Shriram General Car Insurance Policy, the Insured vehicle is also protected from the natural calamities like ignition, earthquake, flood, typhoon, hurricane, storm.
- Third Paty Liability: The Assured need not to worry about the Third Party liabilities. Because the Car Insurance policy provides the coverage in the case of death/ bodily damages caused by the Insured Vehicle.
- Property Liability: If the Policyholder vehicle causes any Third Party damages then the Policy covers the compensations upto Rs.7,50,000/-.
- Personal Accident Cover: Along with the Above Additional Coverages, you can also get Personal Accident Cover under this Policy. Under this cover, the Owner or Driver of the Vehicle will be Insured. The Company will pay the Compensation for bodily injury or death of the owner / driver of the vehicle.
|Type of Injury||Compensation Scale|
|Loss of two limbs or sight of two eyes or one limb and sight of one eye||100%|
|Loss of one limb or sight of one eye||50%|
|Permanent total disablement from injuries other than named above||100%|
Exclusions of Shriram General Car Insurance Policy
The policyholder did not claim any service such as Financial support from the Shriram General Insurance Company regarding their Car Insurance Policy in the following cases.
- When the Insured is driving with the complete knowledge and if he is an alcoholic or drug addict.
- If the Insured is driving with negligence.
- The vehicle used is out of limitation, and the driving person does not have any licence.
- In the case of any electrical/mechanical damage or breakage done to the vehicle.
- When the person is travelling by any Powerful Nuclear support in the car/vehicle.
- If the Insured is involved in any war or criminal cases.
Shriram Car Insurance Additional Features
There are some additional features offered by the Shriram General Insurance company. Those are listed below.
- The Shriram Insurance Policy provides 24×7 claim notification service.
- Interacts with the customers regarding any comments or feedback.
- Responsible for conducting the survey within one day.
- Offers simple claim process at a reasonable cost.
- Customer Assistance and feedback is taken for each and every settlement.
Add-Ons of Shriram Motor Insurance Policy
The Shriram General Car Insurance offers some Add-ons and is mentioned below.
- Depreciation Cover.
- Free NCB Protection.
- Emergency Transport & Hotel Expenses Reimbursement.
- Return to Invoice.
- Personal Belongings Cover.
- Multi Car Benefit.
- Key Replacement.
The Shriram General Car Insurance Policy will provide the depreciation cover in the following cases:
- The vehicle is not more than five years old from the date of purchase or date of registration.
- There are not more than two claims during the period of insurance.
- The vehicle is repaired at any of the branches of the Shriram Insurance Company Garage.
Free NCB Protection:
If the insured did not take any claim process during the policy period (1 Year), then he will get some bonus from the Shriram Insurance Company.
Emergency Transport & Hotel Expenses Reimbursement:
- The policyholder will get the transport facility in the case of any damage done to the Insured Vehicle.
- The Shriram Motor Policy bears the hotel expenses in the case of any emergency during the travelling.
Return to Invoice:
The individuals can adopt this add-on only in the following situations:
- If the insured vehicle is not more than one-year-old from the date of invoice / date of registration.
- Insured should be the first registered owner of the motor vehicle.
- Maximum liability is restricted to the sum insured mentioned in the policy terms and conditions.
Personal Belongings Cover:
The company will pay for the loss or damage to the Insured/ Family member’s personal belongings such as clothes or anything/ samples carried during travelling or driving.
Multi Car Benefit:
The Insured will get the awesome features of the Multi Car Benefit add-on upon satisfying the below mentioned criteria:
- The company provides the alternate private car before the expiry of the previous insurance cover.
- The alternate private car / cars are less than five years old.
- Maximum discount of 10% is provided to the Customers.
The Company will bear the cost of replacing insured vehicle keys which are Lost or Stolen upto some limit.
Shriram Car Insurance Sum Insured Declared Value
The IDV of the vehicle is fixed based on manufacturer’s listed selling price of the brand and model of the vehicle. It is calculated as manufacturers selling price minus depreciation.
Depreciation for fixing the IDV (Insured declared value) of the vehicle in Shriram General Car Insurance are
|Age of the Vehicle||% of Depreciation for fixing IDV|
|Not exceeding six months||5%|
|Between 6 months and one year||10%|
|Between 1 year and two years||15%|
|Between 2 years and three years||30%|
|Between 3 years and four years||40%|
|Between 4 years and five years||50%|
Online Renewal for Shriram General Car Insurance
You can Renew the Shriram Motor Insurance through online at the official website by following the below simple steps. You can also renew your car Insurance policy by visiting the Shriram General Branch Office. But Online Renewal Process is the Flexible and easy process.
- Visit the official website www.shriramgi.com
- Now, the home page will appear on the screen.
- Check the Renew tab.
- Then you will redirect to Online Renewal Page.
- Select your Policy Type and Enter Policy number and then click Next.
- Now you can see the Premium Amount you need to Pay to renew your Policy.
- Check the Premium and Pay through online Using Net Banking/Credit Card/Debit Card.
Shriram Motor Insurance Premium Calculator
Premium is the Minimum Amount that you need to Pay to buy/Renew your Car Insurance Policy. You can calculate the Minimum Premium that you need to pay to take the Policy By Using the Shriram General Motor Insurance Premium Calculator. The Amount of Premium Paid will Depends on the Vehicles Age, and any Extra Coverages. You need to enter the below Information to buy Shriram Car Insurance Policy.
- Insured Declared Value.
- Cubic Capacity.
- GeoGraphical Zone.
- Add on Covers.
- Age of the Vehicle.
Shriram General Car Insurance Buying Process
The Shriram Motor Insurance Policy is available at the Nearest Shriram Insurance Branch Office. The Proposal Forms are also available at the Shriram General Official website i.e, shriramgi.com. Also, the individuals can directly download them from the homepage. Hence, the certificates required for buying Shriram Car Insurance Policy are listed below.
- Application forms with the photo id.
- Address Proof for communication.
- Age Proof.
- Medical Reports (if necessary).