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What is Comprehensive Car Insurance?
Comprehensive Car Insurance protects the insured car against damage and third-party liabilities. The primary goal of the product is to protect against unforeseen events like accidents, natural disasters, and man-made disasters.
Comprehensive Car Insurance provides wider coverage, when compared to Third-Party Liabilities. Additionally, the insurance provides Compulsory Personal Accident (CPA) cover of Rs. 15,00,000/-. The premium of the Comprehensive Car Insurance will depend on the type of the vehicle, coverage opted, age of the vehicle, location and engine cubic capacity.
Features of Comprehensive Car Insurance
Budget-Friendly Premium
Comprehensive Insurance provides coverage at an affordable premium.
Enhanced Coverage
We provide end-to-end coverage for your Car with add-ons. Add-on features can be purchased by paying extra premium.
Comprehensive Car Insurance Coverages
Shriram Comprehensive Car Insurance provides coverage for the following damages.
- What is Covered?
- What is not Covered?
Loss or damage to the vehicle
Shriram Comprehensive Car Insurance will provide coverage for vehicles against damages caused by loss or damage caused by man-made and natural calamities.
Third-Party Personal Liability
Shriram Comprehensive Insurance will compensate third parties for accidents or injuries caused by the insured vehicle.
Third-Party Property Liability
If your insured vehicle causes third-party property damage, Shriram Car Insurance will compensate you up to Rs. 7,50,000/—for private cars.
Natural calamities
Natural calamities that Shriram Comprehensive Car Insurance covers are listed below.
Fire, Floods, Hurrican, Hailstor, Frosts, Explosion, Earthquake, Stroms, Tempes, Rockslides, Self-ignition or lightning, Typhoons, Inundations, Cyclones, Landslides, Implosion, Tornado, Subsidence
Man-made disasters
Shriram Comprehensive Car Insurance will provide coverage against these man-made disasters.
Riots, Strikes, Malicious acts , Terrorist activities, Any violent activities
Accidental damage
Accidental damages caused by these scenarios are covered under comprehensive insurance.
Burglary, Theft, Accidents caused by external factors and Any damage occurring during transit by road, rail, inland waterways, lifts, elevators or air.
Accident due to External Factors
If accidental loss or damage occurs to the insured car or any person driving with the knowledge and consent of the insured is under the influence of intoxicating liquor or drugs or wilful negligence, the insurance will not be covered.
Extended Territory and Invalid Licence
Shriram Car Insurance will not cover any loss or liability incurred while the insured vehicle is driven beyond the permitted scope or used by an unlicensed person.
Loss due to Nuclear/Radioactive Elements
Loss related to the insured car caused by radioactive or nuclear activity, war, or any other associated actions will not be covered under the insurance.
Other Accidental Losses
Shriram Car Insurance does not cover depreciation, consequential loss, wear and tear, mechanical and electrical breakdown/failure, or breakages.
Policy Deductibles
As per the Insurance Regulatory and Development Authority of India (IRDAI) regulations, an insured must pay a compulsory deductible as part of their claim. Shriram Car Insurance does not cover compulsory deductibles.
Who Should Buy Comprehensive Car Insurance?
According to Indian Law, Third-Party Insurance is mandatory. However, Comprehensive Car Insurance covers Third-Party Liability, Own Damage, and natural and man-made calamities. So, it is recommended that every car owner opt for Comprehensive Car Insurance.
Additionally, Comprehensive Car Insurance can be enhanced with add-ons like engine protector cover, zero-depreciation cover, and key replacement cover. So, opting for Comprehensive Car Insurance will provide you with complete coverage.
How to buy Comprehensive Car Insurance
Step 1: Visit our website/app to enter your car registration and mobile number.
Step 2: Click “Insure Now” and choose the make and model of your car and provide your previous policy details.
Step 3: Now select the comprehensive car insurance policy, along with any other necessary add-ons.
Step 4: You can now view the premium and buy the policy online.
Top reasons to choose Shriram General Insurance for Comprehensive Car Insurance
Shriram General Insurance provides Comprehensive Car Insurance with add-ons that can cater to your needs. Shriram General Insurance has moved to digital platforms, which require minimal documentation, and you can get your Car Insurance from the comfort of your home.
Additionally, Shriram General Insurance provides Comprehensive Car insurance at an affordable price. The claim settlement process is hassle-free, and you can initiate a claim online. Customer service will help you promptly.
Third party Insurance Vs Comprehensive Car Insurance
Third-party and Comprehensive Insurance only differ in their coverages provided. Third-party
insurance is mandatory by law, whereas Comprehensive Insurance is not.
Third-party insurance will only cover third-party liabilities. If the insured vehicle causes damage
or loss to a third party, the insurance provider will compensate them. Third-party insurance is the
basic coverage and provides legal assistance if the insured vehicle causes damage or loss to
third-party property.
Comprehensive Coverage will provide complete coverage to the insured vehicle. It provides both
Third-Party and Own Damage coverage. Additionally, it provides coverage against natural and man-made
calamities, theft and accidental loss.
| 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 | | |
Factors Determining Comprehensive Car Insurance Premium
It is important to understand the factors that determine the Comprehensive Car Insurance Premium. The factors that determine the premium are listed below..
Geography
The primary factor that determines the Comprehensive Car Insurance premium is the location. The location of the car and the residence will be considered. Metro cities (Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, New Delhi and Pune) usually have higher premiums due to the traffic and risk involved. However, if you live in a non-metro city, the premium is generally lower.
Engine
The engine type will be taken into account while determining the premium. For instance, if your car engine runs on diesel, a higher premium will be charged as compared to petrol or CNG engines
How to Calculate Comprehensive Car Insurance Premium?
The premium of Comprehensive Car Insurance will be calculated by considering the following points.
What are the Add-on Covers Under a Comprehensive Car Insurance Policy
Zero Depreciation Cover
Zero Depreciation Cover provides coverage for the insured car without considering
depreciation. It ensures that the policyholder need not bear any additional cost out of
their pockets. It covers the insured car for any damages or losses without considering
depreciation.
Additionally, the cover ensures that the policyholder can claim the full cost of the
repair
or replacement without bearing any depreciation value. The add-on cover can be purchased
with Comprehensive Car Insurance.
Roadside assistance add-on cover
Roadside Assistance will be provided to the insured vehicle in case it breaks down on the road or malfunctions in the middle of the road. On-site repair service will be provided. If the vehicle cannot be repaired on-site, towing to the nearby garage will be provided. The following will be considered as breakdown of the vehicle.
- 1. Change of fuel
- 2. Lack of fuel
- 3. Run down battery
- 4. Flat tyres
- 5. Loss of vehicle key or broken key
Consumables Cover
Consumables cover compensates you for those materials that are used only once and cannot be reused. Examples include nut and bolts, engine oil and lubricants. Consumables are usually not included with the Comprehensive Car Insurance and you should pay it out of your pocket in case of repairs. In such cases, Consumables Cover will be helpful as it will cover all the expenses of these materials.
Key Replacement Cover
Key Replacement Cover will help you replace the cost of your insured vehicle’s key if it
is
lost or stolen. In case your vehicle is broken in, the cost of replacing the lock and
the
labour cost will be provided.
If you lock yourself out of the insured vehicle, the cost of replacing the new keys will
be
covered when you opt for the add-on cover.
Engine Protection Cover
An Engine Protector Cover will provide coverage for the insured vehicle’s engine against risks like water ingression, leakage of lubricating oil, and repair and replacement of the engine’s child part
Benefits of Comprehensive Car Insurance
Comprehensive Car Insurance provides wide coverage options for your car, and additionally, you can tailor the policy according to your needs. Some of the benefits of Comprehensive Car Insurance are listed below.
Comprehensive Car Insurance Claim Procedure
Initiating a claim through the Shriram General Insurance website is very simple. Follow these steps, and our customer service will contact you
- Step 1
- Step 2
- Step 3
Register your Claim
- Register your claim by clicking the link https://www.shriramgi.com/
Submit the Required Details
- Provide all the requested information, including the location and description of the accident, accident date and time, and car inspection address.
Claim Settlement
- After processing your documents, the claim will proceed according to the request.
Documents required for filing your comprehensive car insurance claim online
The documents required to initiate a comprehensive car claim process are listed below
- Driving Licence
- Registration certificate with fitness certificate
- Claim form duly filled and signed
- Estimate, Bills, Payment receipt and discharge Voucher
- Signature ID proof (Insured)
- Customer's bank details with a cancelled cheque for claim payment through (NEFT)
- FIR (If filed or required)
How to Download Your Comprehensive Car Insurance Policy Copy?
You can download a copy of your Comprehensive Car Insurance Policy with just a click.
Step 01
Visit the website https://www.shriramgi.com/ and enter your car insurance details.
Step 02
Click download, and your car is insured.
Shriram Car Insurance in Major Cities in India
Delhi
Chennai
Mumbai
Ahmedabad
Gurgaon
Bangalore
Agra
Bhopal
Pune
Indore
Jaipur
Dehradun
Shriram Car Insurance for Popular Car Brands
Road Tax by States
- Road Tax for Delhi - 4-12.50%
- Road Tax for Tamil Nadu - 12-20%
- Road Tax for Haryana - 4-10%
- Road Tax for Maharashtra - 7-14%
- Road Tax for AP - 12-14%
- Road Tax for Kerala - 7-17%
- Road Tax for Karnataka - 13-18%
- Road Tax for Punjab - 6-8%
- Road Tax for Gujarat - 6%
- Road Tax for Rajasthan - 5-10%
- Road Tax for Uttarakhand - 4-5%
- Road Tax for Uttar Pradesh - 7%
Frequently Asked Questions
Is Comprehensive Car Insurance mandatory?
No, Comprehensive Car Insurance is not mandatory. However, Third-Party Car Insurance is mandatory by law.
Can I covert Third-Party Car Insurance to Comprehensive Car Insurance?
Your Motor Insurance policy cover remains in force for 12 months from the date of commencement (or as otherwise shown on your policy schedule)
What are the coverages provided in Comprehensive Car Insurance?
Yes. Please use an online premium calculator for an estimate. The cost of your Shriram Car Insurance depends on factors like your car's make, model, year, Insured Declared Value (IDV), type of insurance, and any additional features you select. These factors are considered to determine your car insurance premium.
