Motor-Insurance @ Shriram General Insurance

Products

SRI SURAKSHA Insurance

This is a package policy designed to provide insurance shield to vehicle owners/person (s) engaged in operation and maintenance of vehicle and their family members/parents against personal accident cover and Fire and allied risk cover against residential building and/or contents.

Who can take the policy?

If you are a vehicle owner, person engaged in operation and/or maintenance of vehicle and allied services, then you can take the policy. Acceptable age for Insurance is as under-:

Policy Type	Maximum Age
MAJOR	Upto 70 Years
CHILDEREN	5 year – 21 years (Dependent)

Special Features

Policy has 2 sections.

Section I : It provides Personal Accident cover to self, family members subject to maximum sum insured of family Rs. 2, 50,000 in a year. Individual sum insured is fixed for self, spouse, children, parents.

Section II : It provides the cover to vehicle owners, person(s) engaged in operation/maintenance of vehicle and allied services for residential building/ contents against the risk of fire and Allied perils. The maximum sum Insured is Rs. 3, 00,000. If residential building is owned by insured then risk covered under fire and allied perils is of Rs. 2,00,000 for residential building & Rs. 1,00,000 for contents and if it is rented house then only contents are covered for Rs. 1, 00,000.

The insured will have to choose one option for coverage according to requirement.

Option I – Married Vehicle Owners/Person Engaged In Operation And Maintenance Of Vehicle

Sections	Cover	Interest	Sum Insured
Section -I	Personal Accident	Self	1,00,000/-	Subject to maximum of Rs. 250000
		Spouse	1,00,000/-
		Children (per Child)	50,000/-
Section-II	Fire & Allied Perils	Residential Building	2,00,000	Maximum limit
		Content	1,00,000	Maximum limit

In case, there are no children, the Sum Insured for the Insured and spouse will be 1,25,000 each.

In case, where building is not owned by the Insured, the Sum Insured for content will be Rs. 100000/- only and the Insured will be entitled for a flat discount of Rs. 100/- only.

What does the Shriram Policy not Cover?

Option II – Unmarried Vehicle Owners/Person Engaged In Operation And Maintenance Of Vehicle

Sections	Cover	Interests	Sum Insured
Section – I	Personal Accident	Self	1,00,000/-	Subject to maximum of Rs. 250000
		Parent(Father)	75,000/-
		Parent(Mother)	75,000/-
Section - II	Fire & Allied Perils	Residential Building	2,00,000/-	Maximum limit
		Content	1,00,000/-	Maximum limit

In case, there is either of parent (Father or Mother),the Sum Insured for him/her will be 150000/- .

In case, where parent are not there(neither Father nor Mother) the Sum Insured for proposer will be 2,00,000/-.

In case where building is not owned by the Insured, the Sum Insured for content will be Rs. 100000/- only and the Insured will be entitled for a flat discount of Rs. 100/- only

Additional Benefit:
In case of accidental death of head of the family, in addition to death benefit following benefits are also payable.

1.Marriage Fund - Rs. 25,000

2.Education Fund - Rs.10, 000.

The Premium to be paid is Rs. 999/- & 899/- (as per opted plan) only (Inclusive of S.T.)

Compulsory Deductable (Excess)(Under Section-II only)

(A)The first 5% of each & every claim subject to a minimum of Rs. 10,000/- in respect of each & every loss arising out of "Act of God Perils" such as lightning STFI, Earthquake, Subsidence & Landslide & Rockslide covered under the policy.

(B)The first Rs. 10,000/- for each & every loss arising out of other perils in respect of which insured is indemnified by this policy.

In Case of Claim:

Inform about the accident at Claim Help Desk (toll free no. 1800 180 7474 or 1800 300 30000) to get a Claim Registration Number.

We will appoint Surveyor at the time of Claim Registration and will ensure fast settlement of claim after submission of all the relevant documents.

NOTE :

For more information please contact:-

Our Nearest Branch.

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