How to Buy a Bike Insurance Policy at Shriram General Insurance?


05 January,2023


15 February,2024


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    Shriram General Insurance has offered a practical way to reduce the risks on the roads with its bike insurance policy. Here's a step-by-step guide on how to buy Shriram bike insurance online and other important information about Shriram bike insurance coverage.


    Understanding Two-Wheeler Insurance in India

    According to the Motor Vehicles Act of 1988, it is mandatory for bike owners in India to have Third-Party (TP) two-wheeler insurance. This insurance coverage protects against any unforeseen expenses arising from accidents, theft, natural disasters, or other incidents.


    Shriram bike insurance provides a range of coverage options, including third-party coverage, comprehensive coverage, and own damage coverage, ensuring protection for both the vehicle and its owner.


    How to Buy Shriram Bike Insurance Online?

    Given below are some of the steps that can be used to buy Shriram bike insurance online:

    • Visit the Shriram General Insurance website or download the MySGI App. There you will find various insurance product tabs, including car, travel, personal accident, home insurance, and more.
    • Click on the "Two-Wheeler" tab to explore the options available. You will find tabs such as "Renew Shriram Policy" and "Buy Online for New Vehicle."
    • Select "Buy Online for New Vehicle," and fill in the required information, including personal details and vehicle information.
    • After filling out the form, you may have the option to apply for a promo code, if available.
    • Then, click on the "Calculate Premium" button to generate a quote. The quote will provide details of the premium, coverage description, sum insured and other relevant information.
    • Once you have generated a quote, provide additional information as required.
    • After completing all the necessary pages, you will reach the "Payment Information" section. Fill in the required payment details of debit card, credit card, net banking, Paytm, or other available payment options.

    Upon successful payment, Shriram General Insurance will send you the policy documentation to your registered email ID.


    How to Renew Shriram Bike Insurance Online?

    When it is time to renew your bike insurance policy, Shriram General Insurance provides a simple and convenient online process. Before renewing, carefully review your current policy and its coverage to assess if any changes or adjustments are required. Consider your needs and determine whether you wish to keep the same coverage or make any modifications. Follow these steps for Shriram bike insurance renewal online:

    • Visit the Shriram General Insurance website or download MySGI App.
    • Click on the "Two-Wheeler" tab to explore the options available. You will find tabs like "Renew Shriram Policy" and "Buy Online for New Vehicle."
    • Click "Renew Shriram Policy" and enter your two-wheeler registration number and other essential information as requested on the renewal form.
    • You will find the option to keep your current insurance policy and coverage or make desired changes. If adjustments are required, you can customize your policy accordingly.
    • To update the Insured Declared Value (IDV), you can edit the IDV.
    • Select any of the optional additional coverage or add-ons that align with your requirements.
    • Once you have completed the necessary stages, you will be able to view the premium amount for your renewed policy. Carefully review all the details given.
    • Fill in the required payment details of debit card, credit card, net banking, Paytm, or other available payment options on the "Payment Information" section.

    After successful payment, Shriram General Insurance will send you the renewal documentation to your email ID. You can also download and print a copy of the policy document for your records.


    Shriram General Insurance Coverage for Two-Wheelers

    Here are the coverage details of the comprehensive two-wheeler insurance.

    1. Third-Party Insurance

    This type of insurance is mandatory in India. It covers the bike owner from third-party liabilities, such as damages caused to another person's property or injuries/death caused to another person.

    2. Standalone Own Damage Insurance

    This insurance policy protects your two-wheeler from damages due to theft, accidents, natural disasters, and man-made disasters. It does not cover third-party liabilities, so it is essential to have Third-Party insurance before purchasing Standalone Own Damage coverage.

    3. Comprehensive Insurance

    Comprehensive Two-Wheeler Insurance combines both Third-Party and Own Damage coverage. It provides protection against third-party liabilities as well as damages or losses to your own two-wheeler due to accidental damage, theft, fire damage, and damages due to natural calamities and man-made disasters.


    Benefits of Choosing Shriram Two-Wheeler Insurance

    Shriram General Insurance provides an easy online platform for purchasing, renewing and claiming two-wheeler insurance. The bike will be covered against various natural and man-made disasters, ensuring that your vehicle is protected in all situations. Shriram bike insurance claim process is simple and ensures timely settlement with its 24/7 customer support team to address any questions related to bike insurance.


    Tips to Save on Shriram Two-Wheeler Insurance Premium

    You can select the appropriate policy type, whether third-party insurance or comprehensive insurance, based on your needs. Be cautious when choosing add-ons and buy only if they are necessary, as adding unnecessary ones will increase the premiums.


    Consider the deductible amount carefully. Opting for a higher deductible can lower the premium, but keep in mind that you will need to pay more out of pocket during a claim. If you have not made any own-damage claims in the previous policy period, you are eligible for a No Claim Bonus (NCB) on the own-damage premium during policy renewal.



    When it comes to purchasing two-wheeler insurance, Shriram General Insurance provides a simple and hassle-free online process. Buying Shriram bike insurance online ensures a smooth experience without complications. You can call these toll-free numbers, 1800-300-30000 or 1800-103-3009, if you have any questions.



    1. What is the policy period of Shriram's Two-Wheeler Insurance policy?

    When you buy insurance for a brand-new vehicle, it is mandatory to insure the bike with the 5-year third-party liability policy. You also need to opt for the 1-year Own Damage Cover for coverage against damage to your vehicle.


    2. How to register a Shriram Two-Wheeler Insurance policy claim?

    To register your claim, you can use the MYSGI App/website or call the Shriram General Insurance toll-free number or send an email to their customer support.


    3. Is FIR necessary to file a Two-Wheeler Insurance claim?

    If there is any accident or theft, it is advisable to immediately inform the insurance provider about the incident and file a First Information Report (FIR) at the nearest police station.


    4. How to download the Shriram Two-Wheeler Insurance policy online?

    • Visit the Shriram General Insurance website or use the MYSGI App.
    • Log in with your account by providing and select the download option to download your Shriram Two-Wheeler Insurance policy.


    5. Are there any possibilities to pay a Two-Wheeler Insurance premium in instalments?

    As per Section 64VB of the Insurance Act 1938, no risk can be initiated unless the full premium is paid in advance. So, the full premium amount must be paid in advance to initiate the policy.

    Save up-to the 85% off on your car Insurance

    Save up-to 85% off on your Car Insurance

    Save up-to the 85% off on your car Insurance

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