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A Car Insurance policy is a contract between the vehicle owner and the insurer to protect your vehicle against third-party liabilities and own damages
A Comprehensive Coverage protects the vehicle owner against third-party and own damage losses arising due to unforeseen events. With Shriram Comprehensive Car Insurance policy, choose preferable add-ons to enhance your coverage furthermore
An Own Damage (OD) coverage is focused on insuring your vehicle against various accidental damages. The coverage includes natural calamities (heavy floods, storms, hurricanes, earthquakes) and manmade disasters (theft, strike, riot)
Third-Party (TP) coverage is mandatory according to Section 146 of the Motor Vehicles Act, 1988. Shriram Third-Party Car Insurance policy protects the vehicle owner from any third-party liabilities (injury to the opponent vehicle owner and vehicle/property damage)
Shriram Car Insurance premium will be determined by various factors such as the make, model/variant of the vehicle, year of manufacture, Insured Declared Value (IDV) of the vehicle , car insurance plan and add-ons
The primary component of calculating a car insurance premium includes the make and model of the vehicle to be insured
The manufacturing year of the vehicle is an essential factor in determining the IDV, NCB and past claims history of the vehicle
The Insured Declared Value (IDV) represents the current value of the vehicle. It is the maximum amount that the insurer will pay in case of a total loss of the vehicle
Third-Party car insurance is mandatory in India. The Third-Party car insurance premium depends on the cubic capacity of the car. An Own-Damage car insurance premium varies from one insurance company to another
An individual can opt for an add-on depending on their requirements. This adds to the cost of a basic policy
If the insured has not claimed for own damages during the previous policy period, No Claim Bonus is applicable for Own-Damage premium of the policy
Renewing a car insurance policy is made simple and easy with Shriram General Insurance's digital-friendly platform. Buy or renew your car insurance in minutes from anywhere, at the convenience of your fingertips. The benefits of online renewal include the following,
An individual can save on their car insurance premium based on the mentioned factors
There are different types of car insurance policies are available with Shriram General Insurance. Choose your insurance policy wisely based on the requirements
Be cautious while purchasing add-ons. It is advisable to buy add-ons only if there is a need. But choosing the right add-ons will result in extensive accidental coverage
A deductible is an out-of-pocket expense that needs to be paid by the insured during a claim. There are two types of deductibles: compulsory and voluntary deductibles. Choose your voluntary deductibles wisely to save on your premium
If the insured has not filed any Own Damage (OD) claims over the years, they are eligible for No Claim Bonus on their OD premium during renewal
The cost of car insurance in India is determined by the type, age, and location of the car, as well as the coverage is chosen. The third-party liability premium is based on the engine capacity.
Yes, all new cars sold in India must be insured for third-party liability for three years. The regulation was implemented in 2018 and aims to promote road safety by ensuring that all vehicles are adequately insured.
A number of factors influence the cost of car insurance, such as car's age, make and model, location, and the coverage you select.
Depending on your insurer's terms and conditions, you may be able to add zero depreciation to your car insurance up to 5 years. While some insurers allow you to add this coverage at any time, a few insurers provide this as an add-during your vehicle insurance renewal
It's a 3 step process:
1. Get a copy of your vehicle insurance by visiting the official website of the insurance company.
2. Log in by entering their policy number
3. You will be able to download duplicate policy documents after logging in.
New car insurance is valid for up to 3 years for the third-party insurance, and 1-year for the Own Damage (OD) Cover. After the expiration of the policy, it must be renewed to continue receiving coverage. It's important to keep track of the policy expiration date and renew it in a timely manner to avoid any lapse in coverage.
Without zero depreciation coverage in your car insurance policy, you may have to pay for any repairs or replacement parts for your vehicle that have depreciated over time. The result is that you may have to pay out of pocket more in case of an accident or damage.
A zero depreciation policy may be applicable for a period of one to five years, depending on the insurer. Your insurance provider should inform you about the duration of the coverage and any terms and conditions that may apply.
To determine if your insurance policy includes zero depreciation, check the policy documents or contact your provider. In the policy documents or premium receipt, the add-on cover is usually mentioned separately. The premium for policies with zero depreciation is usually higher than those without.
Visit the website of your insurance provider and login to your account to download your car insurance policy copy online in India. Then, choose the option to download the policy copy, which will be in PDF format. If you would like a copy sent via email or courier, you can request it.
There is no legal requirement for comprehensive car insurance in India. According to the Motor Vehicles Act of 1988, all vehicles must carry third-party liability insurance. A comprehensive insurance policy offers coverage for damage to your own vehicle as well as third-party liabilities.
Affordable Premiums
No middle-men platform with affordable premiums
Superfast Claims
Quick claim assistance with minimal documentation
Zero Paperwork
A digital-friendly process for easy policy purchase/renew
24*7 Customer Support
Anywhere, anytime support for all your car insurance needs
Easy and Quick Renewal
Online car insurance renewal to save time and effort
Advantage of No Claim Bonus
NCB is offered for claims-free policy period
Insuring your vehicle with Shriram General Insurance is simple, instant and effortless
No Claim Bonus is provided by an insurer to the insured who does not make any OD claims during the policy year
Register a claim online at the Shriram General Insurance website or over the phone at 1800-300-30000/1800-103-3009 or through the MYSGI App
You will be contacted by our customer service team and guided throughout the Car Insurance claim process
Submission of the required documents (FIR copy, Registration certificate, duly signed claim form, goods receipt and other required documents) is mandatory to proceed with the claim process further
After receiving the documents, our dedicated surveying team will begin the validation process. Upon completion of the survey, the funds will be sent directly to the recipient
Benefits and Coverage | Third-Party Insurance |
---|---|
Own-Damage to the car due to an accident | |
Own-Damage to the car due to fire | |
Own-Damage to the car due to natural calamities | |
Third-Party damage to the car | |
Third-Party damage to property | |
Compulsory Personal Accident Cover | |
Theft of the car | |
Cashless Claims | |
No Claim Bonus (NCB) | |
Riders/Add-ons |
Third-Party liability insurance covers damages or injuries caused to a third-party in an accident involving the insured car
Yes, Third-Party Car Insurance is mandatory in India under the Motor Vehicles Act, 1988
The premium of Car Insurance in India depends on factors such as the make and model of the car, age of the car, engine capacity, geographical location and type of coverage and add-ons
Having the correct insurance coverage for your car is crucial because it is not only a means of transportation but also a valuable asset. To protect your investment and experience peace of mind, it is important to have Standalone Own Damage Car Insurance. This type of insurance offers dedicated protection for your vehicle, ensuring that you are financially secure during unexpected situations.
Standalone Own Damage Car Insurance is a specialised policy that focuses solely on providing coverage for damages to your vehicle. While Comprehensive Car Insurance policies include Third-Party (TP) and Own Damage coverage, a standalone OD policy is dedicated to safeguarding your car.
This coverage is essential to protect your financial interests when your vehicle incurs damages due to accidents, theft, natural calamities, fire, strike/riot, man-made disasters, or theft.
Shriram's Standalone Own Damage Car Insurance offers a range of key features that ensure your vehicle is comprehensively protected
Shriram Car Insurance is known for its efficient claims processing. In the event of a claim, you can expect a hassle-free experience, ensuring that you get back on the road as quickly as possible.
Shriram OD Car Insurance allows you to choose your Standalone Own Damage Car Insurance premium that suits your budget while still offering robust coverage . It allows you to tailor your policy to your specific needs.
Unlike comprehensive insurance policies that include a wider range of coverage, the standalone OD policy is entirely dedicated to protecting your vehicle from damages caused by various unforeseen events.
Securing a Shriram Standalone Own Damage Car Insurance policy offers a multitude of benefits , including
Shriram’s Standalone Own Damage Car Insurance offers various add-on covers to enhance your policy. These add-ons provide additional layers of protection and cater to specific needs. Here are the available add-on covers
The Depreciation Waiver Cover ensures that you can claim the full cost of replacing vehicle parts without any deductions for depreciation. This is particularly valuable for newer vehicles with parts that have not yet depreciated significantly.
If your vehicle is under repair, the Daily Reimbursement add-on covers the cost of using a private vehicle while your car is being repaired. This ensures that your daily life is minimally disrupted in event of policy-covered car repairs.
The Motor Protection Cover provides legal support in case of motor accidents, guiding you through police and judicial magistrate proceedings. This add-on ensures that you have professional assistance in navigating the legal complexities of an accident.
If you lose personal belongings from your locked vehicle, including car accessories, the Personal Belongings add-on ensures that you receive compensation for the items that may be lost or stolen from your car.
Purchasing Shriram Standalone Own Damage Car Insurance online is a straightforward and convenient process. You can secure your policy with just a few clicks, providing you with coverage and peace of mind. Buying car insurance online allows you to review policy details, compare coverage options, and make an informed decision from the comfort of your home. Here are the steps to buy Own Damage Car Insurance online
Step 01
Visit the official Shriram General Insurance website.
Step 02
Select the "Car Insurance" option.
Step 03
Choose "Standalone Own Damage Car Insurance."
Step 04
Fill in the required information, including your car's details, personal information, and coverage preferences.
Step 05
Review the policy details, premium amount, and coverage inclusions.
Step 06
Make the online payment to purchase the policy.
Step 07
Once the payment is processed, you will receive the policy document in your email.
Shriram's Standalone Own Damage Car Insurance provides comprehensive coverage for the following incidents
Whether a minor collision or a major accident, your policy covers your vehicle's repair or replacement costs.
In the unfortunate event of a fire, your Own Damage Cover provides financial assistance for the restoration of your vehicle.
Damage caused by strikes or riots is also covered, ensuring that you have the necessary protection in case your vehicle is affected by civil unrest.
A standalone Own Damage Car Insurance Policy shields you from the financial repercussions of damages caused by man-made disasters.
Natural calamities like floods, earthquakes, and storms can result in significant vehicle damage. Your policy is designed to cover these situations, providing you with the support you need during challenging times.
In the unfortunate event of theft, your insurance policy ensures that you receive compensation for your loss.
In the event of a claim, Shriram’s Car Insurance provides a straightforward and efficient process to ensure that your needs are met promptly. Here's how to claim car insurance for Own Damage
Contact us
In case of an accident or any incident requiring a claim, contact us as soon as possible. You can contact us through our helpline or visit their nearest branch for assistance.
Submit Required Documents
Shriram Car Insurance will guide you on the documents required for the claim . Ensure you promptly provide all necessary documents to facilitate a smooth claims process. The documents must include details pertaining to engine and chassis number, the last 6-digits of the Vehicle Identification Number (VIN), FIR, description and location of the accident, car inspection address, vehicle's kilometre reading, and the accident date and time.
Claim Inspection
In some cases, we may arrange for an inspection of the damage on spot to assess the applicable claim. This step is vital to determine the extent of the damage and the validity of the claim.
Claims Settlement
Once all necessary information and documents are verified, the claims settlement process begins. You can contact Shriram General Insurance today to claim your Standalone Own Damage Car Insurance.
The premium for Standalone OD Car Insurance is generally lower than that of Comprehensive Car Insurance because it covers only damages to your vehicle. However, the premium may vary based on your car's make and model, location, and driving history.
You can enhance your Standalone OD Car Insurance policy by adding add-on covers such as Depreciation Waiver Cover, Roadside Assistance, or Engine Protection.
Yes, even if your new car is under a manufacturer's warranty, accidents, theft, or damages due to natural disasters are not usually covered by the warranty. Standalone OD Car Insurance offers protection for these unforeseen events, ensuring you're not left with repair or replacement expenses.
Shriram General Insurance's exceptional commitment to customer satisfaction, swift claims resolution, and extensive insurance offerings set it apart in the insurance industry.
Shriram General Insurance extends comprehensive online support to meet the needs of its customers. You can view our offerings or get in touch with us via our website/mobile app.
Used car insurance is an essential safeguard for pre-owned vehicles, offering peace of mind to owners, whether they're experienced used car drivers or considering the purchase of a second-hand vehicle. It is important to understand the importance of insuring your pre-owned vehicle, the spectrum of insurance options available, and critical considerations in protecting your used car.
Used car insurance is insurance coverage for pre-owned vehicles. Often underestimated, used car insurance is a vital protective measure for your pre-owned vehicle. Your used car warrants a comprehensive insurance policy for used cars, addressing unexpected events, damages, and accidents. Tailored to the unique characteristics of second-hand vehicles, these used car insurance policies shield against accidents, theft, and natural disasters.
The realm of used car insurance offers a variety of coverage options, necessitating a judicious selection based on specific needs and budget constraints. These primary insurance types include the following
Third-Party Insurance , covering the essential legal requirements
Comprehensive Insurance , offering a broad protective umbrella spanning accidents, theft, natural disasters
Standalone Own-Damage
Procuring used car insurance transcends mere formality; it plays a pivotal role in shielding your investment. Car insurance for your used car is of paramount importance. This insurance ensures financial security by covering repair or replacement expenses resulting from accidents, damages, or theft, thereby safeguarding against unforeseen events that can transpire even with well-maintained used cars.
Obtaining insurance for used cars mandates careful consideration of specific facets to align coverage effectively and maximise policy benefits.
These considerations encompass the meticulous comparison of policies to pinpoint the most suitable one.
You must verify the following
Before investing in a pre-owned vehicle, several factors warrant prudent deliberation. Initiating a comprehensive mechanical inspection by a trusted mechanic tops the list. Understanding the car's resale value and its correlation with specific makes and models also proves invaluable, as does assessing the vehicle's fuel efficiency, which can significantly influence operational costs.
Post-purchase procedures for used cars encompass pivotal actions, including the imperative transfer of car ownership and insurance. This crucial process necessitates notification to the insurance provider, the provision of requisite documents such as the car's registration certificate and identification of both the new and previous owners, an assessment of the used car's insurable value, and an overarching policy review to align the insurance coverage with your preferences and requisites.
When acquiring a used car, initiating a car insurance transfer is pivotal to ensure the coverage aligns with the new owner. Facilitating this transition is straightforward, commencing with notifying your insurance provider. This procedure is crucial to furnishing the requisite documents to substantiate the ownership transfer. Moreover, the new owner's identification documents, such as a driver's licence or passport, are a prerequisite for confirmation of the transition.
To facilitate the ownership transfer of a used car and its associated insurance policy, gather essential documents. The documents required include:
Calculating used car insurance premiums hinges on factors intertwined with the cost of coverage. These factors include the car's age, impacting the premium due to wear and tear considerations, the selected coverage type, ranging from third-party liability to comprehensive protection or custom add-ons, and the inclusion of supplementary add-ons, augmenting the premium to accommodate enhanced protection. Online used car insurance calculators offer a streamlined avenue for premium calculation , efficiently factoring in these variables.
Efficient navigation of the ownership transfer process for used cars necessitates understanding critical deadlines. While these timeframes exhibit variability contingent on your locale and insurance provider, a general guideline stipulates that car insurance policy transfers should ideally transpire within 14 days from the used car's acquisition. Beyond this timeframe, potential penalties may ensue, potentially leaving your vehicle bereft of insurance coverage during the interim period.
The digital landscape offers a seamless avenue to buy used car insurance online, streamlining the process with flexibility and convenience. Thorough research and comparison of policies lay the foundation. An informed selection of the appropriate coverage ensues. Providing vital vehicle details encompass the car's make, model, age, and potential modifications. Add-ons tailor the policy to your specific requisites.
Renew your used car insurance policy simply to maintain your vehicle's protection. Start by thoroughly reviewing your policy details and verifying any applicable No Claim Bonus (NCB) in the renewal premium. Most insurance providers offer online renewal services. Access the renewal section on their website, provide your vehicle details, and use the premium calculator for accurate renewal premium calculation. Complete the process by making the renewal premium payment through the online payment gateway and renewing your car insurance policy for used cars.
Filing a claim for used car insurance is straightforward, starting with contacting your insurance provider after an incident. Providing detailed incident information and documentation, such as photographs and receipts, is crucial. Completing the provided claim form initiates the assessment phase, conducted by an insurance representative, ultimately leading to the claim's resolution and settlement. Following these steps, you can easily file a claim on your used car insurance.
When claiming used car insurance, essential documents include a completed claim form, a police report (for accidents or theft), supporting photographs, repair and medical expense receipts, your driver's licence, the vehicle's registration certificate (RC) to validate your identity, and policy documents like the certificate and coverage details. These documents are vital for the claims process.
Shriram General Insurance offers a variety of Car Insurance Add-ons to enhance its Comprehensive Car Insurance Plans. Notable options include:
Depreciation Waiver Cover for comprehensive repair or replacement coverage
Engine Protection Cover for engine damage protection
Roadside Assistance for immediate support during breakdowns
Personal Accident Cover for financial aid in case of accidents.
The Key Replacement Cover takes care of lost or damaged car keys.
Absolutely. Used car insurance safeguards against unexpected events, providing essential protection even for safe drivers. Besides, as per the Motor Vehicles Act of 1988, all Indian vehicles are mandated to be insured with at least Third-Party Insurance.
Yes, you can secure used car insurance for vintage vehicles. However, premium costs may be higher.
Yes, insurance providers often offer discounts, with the NCB being common.
Shriram General Insurance's commitment to customer satisfaction, efficient claims settlement, and extensive range of insurance products make it a preferred choice.
Yes, Shriram General Insurance offers flexibility and customisation in its insurance policies, allowing you to tailor your used car insurance to meet your needs.
New cars are a substantial investment, and it's only natural to seek protection against unforeseen events. This is where new car insurance plays a vital role, providing a safeguard for your financial security.
It offers financial protection against potential risks and unexpected incidents, guaranteeing the security of your investment. In the digital age we live in, obtaining new car insurance is a seamless process that can be conveniently completed online, offering a swift and efficient way to protect your cherished possession.
A brand new car insurance is a tailored insurance policy designed to cover your shiny new vehicle. It provides financial protection against potential risks and mishaps, ensuring that your investment remains secure. In today's digital age, obtaining new car insurance online is hassle-free, providing you with a quick and convenient solution to safeguard your prized possession..
Investing in Shriram’s Car insurance offers numerous advantages, including
While the specific features may vary between insurance providers, there are some common key features that you can expect:
Shriram New Car Insurance offers comprehensive coverage that includes protection against various risks, including accidents, theft, natural calamities, and man-made disasters.
With the ease of online services, you can quickly and conveniently purchase brand-new car insurance policies. It is a practical option for those who prefer the comfort of their own space.
Shriram General Insurance is known for its efficient claim settlement process. To make a claim, you can expect a smooth and timely resolution.
New car insurance often allows add-on covers to enhance protection. These add-ons may include zero depreciation cover , engine protection, and more.
Purchasing your Shriram New Car Insurance policy is hassle-free, ensuring you can quickly and conveniently secure protection for your new vehicle. Follow these simple steps to buy new car insurance online
Visit Shriram General Insurance Website:
Start by visiting the official website of Shriram General Insurance . Here, you can explore their range of insurance policies, including new car insurance.
Enter Car Registration Number:
Provide your car's registration number on their website. This step helps in identifying the specific details of your vehicle.
Provide Your Phone Number:
Enter your phone number below the car registration field. This is crucial for communication and verification purposes.
Click on "Insure Now":
After entering your details, click on the "Insure Now" button. This action will redirect you to the selection of insurance policies.
Choose your Insurance:
Within the available options, locate the policy that suits your requirements and determine your new car insurance price. Shriram General Insurance offers a user-friendly interface, making customising your policy to your specific needs easy.
Renewing your Shriram New Car Insurance policy online is a straightforward process, ensuring you can enjoy comprehensive coverage without any hassle. Follow these steps to renew car insurance online
Visit Shriram General Insurance Website:
Start by accessing the official website of Shriram General Insurance.
Click on "Renew Your Insurance":
Look for the prominent option that says "Renew Your Insurance." Click on it to initiate renewal for your new car insurance policy.
Provide Policy Number:
Enter Mobile Number:
Verify and Pay:
Receive Confirmation:
New car insurance typically provides coverage for various scenarios, including
Your insurance policy will cover the repair costs, whether it's a minor fender-bender or a major collision.
Your insurance will provide financial compensation if your new car is stolen.
New car insurance protects against damages caused by natural disasters such as floods, earthquakes, and storms.
If your car causes damage or injury to a third party, your insurance covers these liabilities.
Shriram New Car Insurance allows you to enhance your coverage with several add-on options. The new car insurance add-ons they provide include the following
This add-on ensures that depreciation is not considered during claims, providing you with the full value of your car's parts.
Engine damage can be expensive to repair. With this add-on, you're protected against high repair costs.
If your new car is deemed irreparable or stolen, this add-on provides compensation equivalent to the original invoice value.
If personal belongings are stolen from your car, this cover offers compensation.
In the event of a breakdown in a remote area, this cover helps with transportation and lodging expenses.
Keys are essential; if they're lost or stolen, this add-on provides a solution at an additional cost.
There are several reasons to choose Shriram General Insurance for your new car insurance needs
Shriram General Insurance has a proven track record and a wealth of experience in the insurance industry.
Their efficient claims settlement process ensures that you receive the support you need when you need it.
Shriram offers the convenience of online services, making purchasing and renewing your policy easy.
You have the flexibility to customise your policy with add-on covers to suit your specific requirements.
New Car Insurance typically offers higher coverage limits and may include features like Depreciation Waiver Cover to ensure full reimbursement for any damages in the initial years. On the other hand, Used Car Insurance may have limitations based on the age and condition of the car.
While they are not mandatory, add-on covers can enhance your coverage and offer additional protection for your new car.
Shriram General Insurance stands out due to its commitment to customer satisfaction, efficient claims settlement, and a wide range of insurance products. With a strong reputation and a customer-focused approach, it offers a superior insurance experience.
Yes, Shriram General Insurance provides comprehensive online support. Our digital services make it convenient for you to manage all your insurance needs in one place.
Yes. Irrespective of how old your car is, insurance is mandatory. It is important to note that the older the car, the higher the insurance premium.
Ever heard of bumper to bumper car insurance or the term zero depreciation cover? In this page, we will explore Shriram General Insurance’s Depreciation Waiver Cover. Also referred to as Bumper to Bumper, Zero Depreciation, or Nil Depreciation Cover, this insurance option ensures that you are protected against depreciation costs incurred during repairs or replacements. Join us as we delve into the details of this comprehensive coverage and uncover the benefits it offers.
Nil Depreciation or bumper to bumper car insurance, is a highly beneficial form of motor insurance . Many insurance shoppers may not know the meaning of bumper to bumper car insurance, which can complicate their decision-making when selecting insurance. In the event of an accident, theft, or damage, this insurance will cover the costs for repairs or replacements without considering the natural wear and tear that occurs over time.
With Nil Depreciation/Bumper to Bumper Car Insurance coverage of Shriram General Insurance, you can claim the full cost of replacing vehicle parts. Here's a closer look at the key features that make it a popular choice
Bumper to bumper car insurance is favored for offering comprehensive coverage. Choosing a zero depreciation cover means your insurance claim amount remains unchanged, regardless of your vehicle's depreciation. However, it's essential to note that your claim is limited to your vehicle's Insured Declared Value (IDV), which is an estimate of its market worth. Your payout will not exceed this IDV.
Despite potential premium increases associated with the bumper to bumper cover, it proves to be cost-effective in the long run. While the premium may be higher compared to other types of insurance, the peace of mind and financial protection it offers can far outweigh the additional expense. In the event of an accident, bumper to bumper insurance can cover the repair costs, helping you avoid hefty out-of-pocket expenses.
When you choose bumper to bumper car insurance coverage, you can expect the following
While Nil Depreciation/Bumper Bumper Car Insurance provides extensive coverage, there are some exceptions. Here are common exclusions
This policy does not typically cover mechanical / Electrical breakdowns unrelated to accidents.
This insurance does not cover general wear and tear over time.
Damage resulting from an accident, such as loss of personal belongings is not included.
This insurance excludes coverage for the deductible or policy excess, meaning you would need to pay this amount in the event of a claim.
With Bumper to Bumper insurance, you can drive confidently, knowing that your car's repair and replacement costs are covered.
You won't have to bear the brunt of depreciation costs, saving you money in the long run.
Enjoy extended protection for your vehicle's body parts, often beyond the manufacturer's warranty period.
Getting your Nil Deprecation/bumper to bumper car insurance online with Shriram General Insurance is simple and convenient. Follow these steps
Go to Shriram General Insurance's official website www.shriramgi.com to explore their policy options. Here, you can find your online bumper-to-bumper car insurance.
Fill in your car registration number on Shriram General Insurance's website.
Enter your phone number right below the car registration number.
Click on the Insure Now button to be redirected to the insurance selection. Find your car insurance online with bumper to bumper coverage here.
Find out which insurance you require. Since the bumper to bumper insurance is an add-on under the name zero depreciation cover, choose that add-on to your comprehensive insurance.
Bumper to bumper car insurance renewal with Shriram General Insurance is quick. Follow these simple steps
This will redirect you to a page where you will need to fill in some details for your car insurance renewal, bumper to bumper.
Fill in your policy number and your mobile number to find your insurance.
Review your policy details, make any necessary updates, and proceed to pay for your bumper to bumper insurance renewal.
You'll receive confirmation of your renewed policy after payment.
Let's compare Comprehensive and Bumper to Bumper Car Insurance
Factors/Features | Comprehensive | Bumper to Bumper |
---|---|---|
Coverage of Body Parts | Subject to depreciation | Full coverage, no depreciation deduction |
Coverage for Accidents | Yes | Yes |
Coverage for Natural Disasters | Yes | Yes |
Repair and Replacement Costs | Subject to depreciation | Full coverage, no depreciation deduction |
Cost of Premiums | Lower | Slightly higher |
Several factors influence the premiums for Bumper to Bumper Car Insurance, including
Vehicle Make and Model
High-end or luxury cars may have higher premiums due to the cost of parts and repairs.
Age of the Vehicle
Newer vehicles are generally associated with lower premiums.
Insured Declared Value (IDV)
A higher IDV may result in higher premiums.
Policy Duration
Longer-term policies may offer premium discounts.
Claim History
A history of frequent claims claims may lead to increased premiums.
In case of bumper damage or any other covered incident, follow these steps to file a claim
Contact your Insurer
Inform Shriram General Insurance immediately about the damage or accident.
Claim Initiation
Submit the necessary documents , including the claim form and proof of damage or loss.
Inspection
An inspection will be conducted to assess the extent of the damage.
Approval and Settlement
Once approved, the insurer will settle the claim amount as per the policy terms.
Ensure that the policy covers the specific risks that concern you.
Compare premiums from different insurers and choose one that fits your budget.
Decide the term of the policy based on your needs.
Assess the ease and efficiency of the insurer's claim settlement process.
Consider additional coverages or add-ons that may enhance your protection.
No, it's not mandatory, but it provides valuable coverage for your vehicle.
Yes, bumper to bumper coverage is available for both new and old cars.
Policies can range from one to five years, depending on your preference.
Shriram General Insurance offers comprehensive insurance, own damage insurance, and third-party insurance. These come with various add-ons.
Shriram General Insurance provides extended warranty-like protection, flexible policy durations, and cashless claims for its Nil Depreciation Cover.
Budget-friendly Premium
Comprehensive coverage at an affordable premium
Quick Claim Settlement
Superfast online claim settlement process
24*7 Customer Support
A 24*7 customer assistance for all your insurance need
Enhanced Coverage
End-to-end coverage for your car with additional covers
Yes, you can switch insurance companies when renewing your Car Insurance in India. It can be a sound decision to evaluate several insurance and select one that precisely fits your needs and budget range
Comprehensive Car Insurance is a type of insurance policy that provides coverage for damages or losses to the insured vehicle due to accidents, theft, fire, natural disasters and third-party liabilities. It is also associated with Compulsory Personal Accident (CPA) cover at an additional premium
Missing Car Insurance renewal in India can lead to a lapse in policy coverage. This can result in legal penalties in case of an accident. Furthermore, it can result in the loss of any gained No Claim Bonus (NCB)
Car Insurance renewal is an essential process for every vehicle owner in India. It provides continued protection and coverage for the vehicle and the owner against any financial losses arising from accidents, theft or damage. Here are some benefits of Car Insurance renewal in India
Third-Party Car Insurance is mandatory in India under the Motor Vehicles Act, 1988. Renewing the Car Insurance policy ensures compliance with the law and avoids any legal penalties or fines for driving without insurance
Car Insurance renewal is a simple and hassle-free process. Shriram General Insurance offer various payment options, making it convenient for the policy holder
Renewal of a Car Insurance policy online is a simple and hassle-free process. A vehicle owner can compare different policies, choose the required coverage for their vehicle and renew their policy online with additional benefits
NCB is offered by insurance companies to policy holders who do not make any claims during the policy term. Renewing the Car Insurance policy ensures that the policy holder retains the NCB and benefits during policy renewal
Renewing Car Insurance policy ensures that there is no break in the insurance coverage of the vehicle. Thus the insureds can remain protected against risks such as accidents, theft and natural calamities, even if they occur during the renewal process
If you are buying a Car Insurance policy, you can choose zero depreciation add-on cover to enhance the coverage. It is important to compare different policies to get the right coverage at a reasonable price
With add-on covers like Shri Motor Protection, Zero Depreciation and Roadside Assistance, vehicle owners can enhance the coverage provided by their Car Insurance policy
Car Insurance online renewal is an easy and stress-free process that can be completed in minutes. By comparing different policies online , vehicle owners can choose the best coverage for their vehicles and renew their policies
Period of Shriram Car Insurance | No Claim Bonus Percentage |
---|---|
No claim made during the preceding full year of Shriram Car Insurance | 20% |
No claim made during the preceding 2 consecutive years of Shriram Car Insurance | 25% |
No claim was made during the preceding 3 consecutive years of Shriram Car Insurance | 35% |
No claim made during the preceding 4 consecutive years of Shriram Car Insurance | 45% |
No claim made during the preceding 5 consecutive years of Shriram Car Insurance | 50% |
NCB is offered by insurance companies to policy holders for not making any claims in the previous policy period. The discount can range from 20% to 50% of the own damage premium
The insurance company issues an NCB certificate to the policy holder at the time of policy renewal, indicating the NCB percentage. The certificate should be retained by the policy holder and submitted to the new insurance company during policy transfer or renewal
The NCB is valid for up to 90 days from the policy expiry date. It can be used during the renewal of the policy for the new vehicle or the same vehicle. If the policy is not renewed within 90 days, the NCB becomes null and void
The zero-depreciation add-on cover offers all-round coverage for your vehicle, including damage to the body, plastic, and rubber parts, without depreciation factoring in
The policyholder does not have to pay for the depreciation of the vehicle parts in case of an accident
A zero depreciation add-on cover ensures that the damaged parts of the vehicle are replaced or repaired as required, which increases the life of the vehicle
Yes. The policy holder can add zero depreciation coverage to the Car Insurance policy after the vehicle has been assessed by the insurance company
Policy holders can buy Zero Depreciation cover as an add-on or rider to their basic Car Insurance policy. The cover is not included in the standard policy and must be added at the time of policy purchase or renewal
A Comprehensive Car Insurance policy covers both third-party and own damages. Zero-depreciation cover is an optional coverage that can be purchased in addition to a comprehensive policy to avoid depreciation cost during a claim
No, the deductible is not applicable to Third-Party claims, as liability is borne entirely by the insurance company
Choosing a voluntary deductible can help policy holders lower their premium amount, as they are opting to bear a higher portion of the risk in case of a claim
The choice of the voluntary deductible amount depends on the policy holder's financial situation and risk appetite. While a higher voluntary deductible can result in a lesser premium, it should be balanced with the policy holder's ability to pay the deductible amount in case of a claim
Shriram Car Insurance policy offers Comprehensive, Standalone Own-Damage (OD) and Third- Party (TP) insurance policy depending on the scope of the coverages
Types of Shriram Car Insurance
All of the coverage provided by Third-Party, Own Damage cover (damage/losses to your car) and Personal Accident cover is included in the Comprehensive Car Insurance policy. It provides coverage for accidents like theft of the insured car, accidental damage, fire damage, natural calamities (such as floods, earthquakes, storms) and man-made disasters (such as riots). Compulsory Personal Accident (CPA) coverage of 15 lakhs is always included with Shriram Comprehensive Car Insurance policy at affordable premiums
Coverage includes
Own Damage (OD) coverage aids in protecting your car from damages brought on by unforeseen mishaps like accidents, theft, natural and man-made disasters, etc. An insured can purchase their Own Damage (OD) insurance along with his Third-Party Shriram Car Insurance policy at an additional rate for comprehensive protection. However, a standalone OD car insurance policy can be purchased only if the insured has Third-Party (TP) liability car insurance
Coverage includes
It is mandatory to carry a Third-Party Car Insurance policy in India. A Third-Party (TP) car insurance protects the car owner from any damages arising from third-party liabilities. The Shriram Car Insurance policy provides coverage if your vehicle damages another person's vehicle/property or causes injury/death to another person. In case of your vehicle causes third-party property damage, Shriram General Insurance Company will offer compensation up to Rs. 750,000/- in the case of private cars Unlimited personal liability coverages, i.e., whatever the court awards as your liability to the third-party due to accidental death or injuries caused by your vehicle, will be met by Shriram Car Insurance policy
Coverage includes
With the Shriram Car Insurance Comprehensive policy , you can choose any add-on or all of them at an additional premium for your additional safety
In case of accidental damage, you can claim the total cost of replacing vehicle parts . There will be no deduction for depreciation on damaged vehicle parts
Daily Reimbursement is an add-on cover that reimburses for using a private vehicle while their own vehicle is being repaired. The maximum reimbursement amount and time period are provided as per the motor insurance policy guidelines
In case any motor accident arises out of the use of an insured vehicle, Shriram Car Insurance policy will provide you an advocate judicial magistrate only
Return to Invoice coverage allows policy holders to receive compensation equal to the original invoice value of the vehicle (the vehicle's original purchase price), if the vehicle is stolen or beyond repair, the claim is valid
Personal belongings add-on cover helps with the loss of personal belongings from the locked vehicle, including car accessories
During vehicle breakdown in a riskprone area like highways, remote areas and so on, when you are stuck and in need of immediate help with alternative means of transport and hotel expenses to stay, Shriram Car Insurance’s Emergency Transport & Hotel Expenses cover will be of great help to you
Keys are essential, but these get misplaced or maybe stolen at times. Here comes the Key Replacement add-on to save you at an additional cost
Add-ons can be purchased with a standalone OD and comprehensive car insurance policy at any time during the policy period. Adding new coverage may require an inspection of your vehicle. You need to initiate an endorsement to include add-ons. Kindly send us an email or call our toll-free number. For additional coverage, you may need to pay an additional fee
Own Damage (OD) cover is a type of car insurance coverage that provides coverage for the insured vehicle's own damage or loss due to events such as accidents, theft, fire, natural disasters, vandalism, and malicious acts. The OD cover can be purchased as a standalone policy or as part of a comprehensive insurance policy that includes the third-party policy and OD cover.
The term third-party liability in car insurance in India refers to your legal and financial responsibility for any damage your vehicle causes to a third party. According to the Motor Vehicles Act of 1988, it is mandatory and provides coverage for an accident, death, or property damage to a third party.
Own damage insurance usually has a one-year validity period, after which it must be renewed.
Comprehensive car insurance covers damage to the policyholder's own vehicle and third-party liability. In third-party liability insurance, only damages and injuries are covered to other people or their property. Third-party insurance is mandatory in India, but comprehensive insurance is optional.
Comprehensive car insurance covers both third-party liability and vehicle damage, including natural disasters and thefts. A policyholder with own-damage insurance covers damages to their own vehicle caused by fire, theft, or natural disasters.
A policyholder's own-damage car insurance covers damage to their own vehicle caused by accidents, fire, theft, or natural disasters. Insurance that covers all repair costs and replacements without considering the depreciation value of the car is known as zero depreciation insurance. Indian insurance companies offer it as an add-on to their own-damage policies.
A comprehensive car insurance policy provides a broader range of coverage than a third-party liability policy. A policyholder is covered for damages to their own vehicle as well as for third-party liability, including natural disasters, theft, fire, riots, and accidents.
Coverage against any loss or damage caused to the vehicle due to the following natural and man-made calamities
Fire, explosions, self-ignition or lightning, earthquakes, floods, typhoons, hurricanes, storms, tempests, inundations, cyclones, hailstorms, frosts, landslides and rockslides
Riots, strikes, malicious acts, terrorist activities, any violent activities are generally covered as man-made disasters
Burglary, theft, accidents by external means, any damage in transit by road, rails, inland waterways, lifts, elevators or air
The insurance policy provides unlimited coverages, i.e., whatever the court awards as your liability to the third-party due to accidental death or injuries caused by your vehicle
In case your vehicle causes third-party property damage, the insurer will offer compensation up to Rs. 7,50,000/- for private cars
Accidental loss or damage to the insured or any person driving with the knowledge and consent of the insured is under the influence of intoxicating liquor or drugs or wilful negligence
Loss or Liability while the vehicle is used outside the scope of limitations of use and/or being driven by a person not duly licensed
Loss connected to nuclear or radioactivity or war and related activities is not covered under this policy
Consequential loss, Depreciation, wear and tear, mechanical and electrical breakdown/failure or breakages will not be covered by Shriram Car Insurance policy
According to the IRDAI regulations, a compulsory deductible is an amount the insured must pay as part of their claim. The compulsory deductibles are not covered by Shriram Car Insurance policy
Shriram Car Insurance policy offers a range of value-added coverages for your car at a nominal additional premium
Yes, electric/CNG/LPG vehicle needs a car insurance policy. An insured can avail these value added features at an additional premium
Damage to the car bumper is covered under the comprehensive insurance and not with the TP Liability policy.
The comprehensive coverage usually covers non-collision damage, such as scratches caused due to natural calamities or collision. The coverage and limits of your policy will depend on your insurance provider and policy.
The comprehensive insurance and the OD cover provide coverage against multiple dents, caused due to accidental external means arising from a single incident.
Yes. At Shriram General Insurance, both Bumper-to-Bumper and zero depreciation covers means the same. It is referred to as Nil Depreciation Cover at Shriram.
Tyre damage due to wear and tear, punctures, or blowouts is not usually covered by standard insurance policies. However, if the vehicle is damaged at the same time in which case the liability of the insurer shall be limited to 50% of the replacement cost.
"Bumper to bumper" car insurance is a term commonly used to refer to car insurance that includes a comprehensive insurance policy and the Nil Depreciation or Zero Depreciation add-on cover.
The bumper to bumper insurance is common term used to identify a comprehensive insurance which includes the Nil Depreciation Cover. It offers coverage without considering the depreciation factor, reducing your out-of-pocket expenses.
Bumper-to-bumper insurance is a common term for comprehensive insurance which includes the Zero Depreciation or the Nil Depreciation add-on cover. However, the "normal insurance" is a common term used to refer the comprehensive insurance without the Nil Depreciation add-on cover.
Car insurance does not provide coverage for damage to CV joints.
Damage to the car clutch plate is not covered under car insurance.
Benefits and Coverage | Third-Party Coverage | Comprehensive Coverage |
---|---|---|
Own-Damage to the car due to an accident | ||
Own-Damage to the car due to fire | ||
Own-Damage to the car due to natural calamities | ||
Third-Party damage to the vehicle | ||
Third-Party damage to property | ||
Compulsory Personal Accident Cover | ||
Theft of the vehicle | ||
Cashless Claims | ||
No Claim Bonus (NCB) | ||
Riders/Add-ons |
Yes, any electrical and electronic equipment that is not factory fitted with the vehicle can be covered under electrical accessories at an additional premium. For Example, a Music System that is installed in the car after the purchase of the vehicle can be covered
The insured has to provide an invoice copy of the electrical accessories along with, serial number of the electrical accessories. Adding new coverage may require an inspection of your vehicle. You need to initiate an endorsement to include add-ons. Kindly send us an email or call our toll-free number. For additional coverage, you may need to pay an additional fee
A car insurance premium is an amount paid to an insurer for purchasing a policy. Shriram Car Insurance premium will be computed based on various factors, such as the policy chosen, cover types, add-ons, term period, etc.
The government of India has made third-party liability insurance mandatory. TP premiums are computed based on the cubic capacity of the car engine
It is a part of the premium one pays to get coverage against various natural and man-made disasters. Each insurance company will have their own pricing for an Own-Damage premium
Recently, the government has made Personal Accident coverage mandatory for car owners/drivers due to the rise in injury cases. For risk cover, Rs. 15 lakh is the minimum sum insured
Add-ons are additional covers for the vehicle for enhanced protection. The premium rates depend on the type of add-on chosen by the insured. Some of the popular add-ons are zero depreciation cover , motor protection cover, engine and tyre protection cover, roadside assistance, etc.
IDV (Insured Declared Value), age of the car (If your car is an old one), Zone/City of Registration, Cubic capacity of the car engine and No Claim Bonus
The person must own a vehicle with a valid driving licence and original RC can purchase Shriram Car Insurance online at ease
Since purchasing a Shriram Car Insurance is a paperless process, there is no need to upload any scanned copy of the documents to get their car insurance
No. The Third-Party (TP) liability policy is a mandatory requirement as per Section 146 of the Indian Motor Vehicles Act, 1988. The Shriram Car Insurance policy insures the liability of the owner of the vehicle against Third-Party damages
You can instantly purchase a Shriram Car Insurance Policy online via 3 simple steps on our website/MySGI App/call our toll-free number ( 1800-300-3000/ 1800-103-3009) at your convenience
Enter the basic details of the new car to estimate the premium payable
Provide the details of the vehicle owner and choose the suitable policy/add-on covers of your choice
Complete your online payment and get instant car insurance
With Shriram General Insurance website or MYSGI App, online car insurance renewal is quick and hassle-free. You can renew your car insurance policy through 3 simple steps without paperwork
Enter the previous policy details of your car and check the given details to estimate the premium of the renewal policy
Select the new coverages for your existing policy
Complete your online payment & renew the car insurance policy
Some of the benefits are:
With Shriram General Insurance, your claim settlement process is stress-free now
You can file a claim online at the Shriram General Insurance website or over the phone at 1800-300-30000/1800-103-3009 or through the MYSGI App. Our customer service team will guide you throughout the car insurance claim process
You are requested to provide the details of the accident
Please provide the address for the primary car inspection
Kindly provide the vehicle kilometre reading (distance travelled by a vehicle)
Kindly mention the date and time the accident took place
As soon as your documents & process get verified & completed, we will initiate the funding process and disburse the funds directly to the recipient after verification
On receipt of all the relevant claim documents along with the original repair invoice and satisfaction voucher/discharge voucher and NEFT details, the claim will be processed within the mentioned timeframe
No, you cannot pay the premium in instalments. As per Section 64VB of the Insurance Act, 1938, a full insurance premium is to be paid before the risk starts
A claim can be filed by contacting your insurance company's customer service helpline or visiting the nearest branch office in India. Make sure you have all the information and documents related to the claim, such as the FIR, policy, driving licence, and vehicle registration certificate.
You can generally submit a car insurance claim without an FIR, depending on the circumstances. An FIR is typically required for cases involving theft, malicious damage, or major accidents involving fatalities or injuries. However, for minor damage to the car, an FIR may not be necessary.
Damage to car tyres is not covered under car insurance unless the insured car is damaged at the same time. In this case, you shall receive coverage of up to 50% of the replacement cost.
You can raise a claim against damages to your car caused due to your fault. However, the coverage shall not be offered in case of theft and gross negligence.
You can file a claim online at the Shriram General Insurance website or over the phone at 1800-300-30000/1800-103-3009 or through the MYSGI App. Our customer service team will guide you throughout the car insurance claim process.
In India, you can initiate a claim by calling your insurance company's customer service helpline or visiting their nearest branch office. Start the claim process by providing detailed information about the claim, including the FIR, policy document, and vehicle registration certificate.
There are generally no limitations on how many claims you can make in a year under your car insurance policy. It is important to note that the car insurance claim affects the NCB (No Claim Bonus).
The claim amount in India is determined by the extent of vehicle damage and the policies' coverage. To determine the value, the cost of repairs or the market value of the vehicle are subtracted from the deductible and depreciation.
If you need to make a claim on your car insurance, you need to notify your insurer promptly and provide them with all the necessary details. During the claim assessment, follow their instructions and cooperate with the surveyor.
There is no set time for the settlement of car insurance claims in India, as it depends on the complexity of the claim and the insurer's internal processes. As per the Insurance Regulatory and Development Authority of India, insurers must settle motor insurance claims within 30 days of receiving all necessary documentation.
Various factors can affect the settlement period for a car insurance claim, such as the complexity of the claim and the insurer's internal processes. According to the Insurance Regulatory and Development Authority of India, motor insurance claims must be settled within 30 days of receipt of all required documentation from the policyholder.
The vehicles are insured at a fixed value called the Insured Declared Value (IDV) . IDV is the vehicle's current market value. Insured Declared Value (IDV) is the maximum sum insured provided by the insurance company if the insured vehicle is stolen or totaled. In case your car undergoes total loss or theft, IDV is the amount offered to you to compensate. Insured Declared Value of the vehicle that starts depreciating when it comes out of the showroom
A deductible is an amount the insured must pay as an out-of-pocket expense before the insurer pays the rest of the claim. There are two types of deductibles i.e. Voluntary and Compulsory Deductibles. A voluntary deductible is opted by the insured, whereas a compulsory deductible is imposed by the Insurance Regulatory and Development Authority of India (IRDAI). There is a compulsory deductible for claims under the Own Damage section of car insurance policy
No Claim Bonus (NCB) is offered to those insured who didn't make a single OD claim during the policy period. You can get NCB accordingly when you don't file any claim and the discount keeps increasing with the consecutive claim-free years until it reaches up to 50%.
The term " Cashless Garage " refers to a garage that has a cashless claim settlement agreement with an insurance company. With a Cashless Garage, the insurer directly settles the car's repair bill with the garage except for the policy deductibles
Yes, all are the same. Bumper-to-Bumper Car Insurance covers all parts of the vehicle during an accident
A Break-in Insurance is when there is a gap in the new insurance risk starting date and previous policy end date
Visit the SGI website /MYSGI App home page and scroll to the top to access your Shriram Car Insurance account
Enter your car insurance policy and click "Download" to get your policy document
Note: The insured can also receive Shriram Car Insurance policy document via emailYour Shriram Car Insurance policy will be void if you don't declare the modifications to an existing plan. It will seem fraudulent if it's not reported at the point of application, as you have not provided accurate information deliberately
A 24*7 RSA cover offers quick assistance to a car owner if his/her vehicle breaks down or has a mechanical failure on the road or at home
Yes, the vehicle driving abroad can also be covered by taking the Geographical Extension Cover. The Geographical Area of Motor Policies may be extended in these countries: 1) Bangladesh 2) Bhutan 3) Nepal 4) Pakistan 5) Sri Lanka 6) Maldives Rs.500/ per vehicle, irrespective of the class of vehicle (Package Policy) Rs.100/ per vehicle, irrespective of the class of vehicle (Liability Only Policy)
Third-Party (TP) car insurance only covers other vehicles or property on the road and does not cover accidents or damage to own vehicle. But a Comprehensive/Package car insurance covers the car against any damages depending on the add-ons you have purchased with your car insurance
With Nil Depreciation Cover, you can claim the full cost of replacing vehicle parts in case of accidental damage. For damaged parts of a vehicle, there will be no deduction for depreciation
Premium is the amount to be paid for a contract of insurance to the insurance company. It is the sum that a person has to pay annually or according to their plan in return for the coverage he/she has taken from the insurance company
The insurance premium of your vehicle is chargeable in one go. Our Premium Rating depends upon the following factors:
No. It is different depending upon the vehicle category
In this scenario, the policy will be cancelled and the legal effect of the policy gets nullified. In case any claim is reported after policy issuance and cheque dishonour, the claim will be repudiated
No, there is no such limit available. The insured can claim any amount up to the IDV of the insured vehicle from the insurer at any time within the policy period
You only lose your NCB if you make a claim during the policy period or don't renew your car insurance policy before 90 days of its expiry date
The main advantage of buying online policy are:
Yes, you can approach the same office which had issued the policy with a written request. A nominal fee will have charged for issuing a duplicate policy copy
An Insured can get one of the two policies cancelled. If he fails to do that, the premium paid will not be refunded in any circumstance after the expiry of the policy
Your Car Insurance policy cover remains in force for 12 months from the date of commencement (or as otherwise shown on your policy schedule)
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