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24*7 Claim Notifications

24*7 Claim Notifications

Almost 100% Paperless

Almost 100% Paperless

Best Claim Settlement Awards 2022

Best Claim Settlement Awards 2022

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  • Overview
  • Features And Benefits
  • Types of Shriram Car Insurance
  • New Car Insurance
  • Used Car Insurance
  • Bumper to Bumper Car Insurance
  • Own Damage Car Insurance
  • Comprehensive Car Insurance
  • Third-Party Car Insurance
  • Calculate Premium
  • Save On Premium
  • Renewal Benefits
  • IDV
  • NCB
  • Zero Depreciation
  • Deductibles
  • Coverages
  • Compare Plan
  • Premium Components
  • Eligibility and Required Documents
  • Buy / Renew
  • Claim Process
  • Terminologies
  • Policy Download
  • FAQs
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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

  • In India, it is mandatory to have a car insurance policy according to Section 146 of the Motor Vehicles Act, 1988
  • A car insurance policy protects vehicle owners against unforeseen events such as accidents, theft, natural & man-made disasters. The insurance company will cover the cost of car repairs in an accident
  • The Third-Party (TP) car insurance policy allows one to file a claim for damages caused to another vehicle (third-party liabilities) involved in an accident
  • An Own Damage (OD) car insurance provides coverage for the vehicle owner against various natural and man-made disasters
  • A comprehensive car insurance policy covers third-party liabilities and own damage costs incurred to the policy holder along with the personal accidental coverage
Read More
What is Car Insurance?
Nil Pending Complaints

Nil Pending Complaints

Over 60 Lakh Happy Customers

Over 60 Lakh
Happy Customers

Why Choose Shriram Car Insurance?

Why Choose Shriram Car Insurance?

  • Shriram General Insurance policy online offers a wide range of car insurance policies
  • Buying, renewing and claiming car insurance online is simple and convenient with Shriram General Insurance
  • The process of choosing a policy, comparing premiums , customising and purchasing can be done in minutes with our digital-friendly platform
  • Shriram Car Insurance policies protect us from countless natural and manmade disasters
  • To ensure timely claim settlement, we simplified the entire claim process to make the claim experience hassle-free
  • Shriram Car Insurance policy provides 24*7 customer service online for all your insurance needs
Read More

Shriram Car Insurance Coverages

Comprehensive Coverage

Comprehensive Coverage

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

Own Damage Coverage

Own Damage Coverage

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 Coverage

Third-Party Coverage

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)

How to Calculate Shriram Car Insurance Premium?

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

Make and Model/Variant

The primary component of calculating a car insurance premium includes the make and model of the vehicle to be insured

Year of Manufacture

The manufacturing year of the vehicle is an essential factor in determining the IDV, NCB and past claims history of the vehicle

Insured Declared Value

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

Type of Insurance

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

Add-ons

An individual can opt for an add-on depending on their requirements. This adds to the cost of a basic policy

No Claim Bonus

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

Benefits of renewing car insurance online

Benefits of Renewing Shriram Car
Insurance Online

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,

  • Save time and effort
  • No paperwork process
  • Easy renewal in 5 minutes
  • No Claim Bonus
  • Avoid insurance break-ins

How to Save on your Shriram Car Insurance Premium?

An individual can save on their car insurance premium based on the mentioned factors

1

Choosing Policy

There are different types of car insurance policies are available with Shriram General Insurance. Choose your insurance policy wisely based on the requirements

2

Selection of Add-ons

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

3

Deductibles

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

4

No Claim Bonus

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


Frequently Asked Questions

What are the benefits of Shriram Car Insurance?

  • Affordable plans with multiple add-ons
  • Speedy claim process with minimal documentation
  • No Claim Bonus
  • On-time customer service and roadside assistance
  • Personal injury and property damages protection for third-party liability

What will car insurance cost?

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.

Is new car insurance for 3 years?

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.

Which criteria affect car insurance rates?

A number of factors influence the cost of car insurance, such as car's age, make and model, location, and the coverage you select.

Can I get zero depreciation car insurance later?

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

How to download car insurance copy by car number?

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.

How long is car insurance valid for?

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.

What happens if I don't take zero depreciation?

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.

How many years can I take zero depreciation?

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.

How do I know if my policy is zero depreciation or not?

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.

How do I download my car insurance policy copy online?

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.

Is comprehensive car insurance mandatory in India?

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.

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Affordable Premiums

Affordable Premiums

No middle-men platform with affordable premiums

Superfast Claims

Superfast Claims

Quick claim assistance with minimal documentation

Zero Paperwork

Zero Paperwork

A digital-friendly process for easy policy purchase/renew

24*7 Customer Support

24*7 Customer Support

Anywhere, anytime support for all your car insurance needs

Easy and Quick Renewal

Easy and Quick Renewal

Online car insurance renewal to save time and effort

Advantage of No Claim Bonus

Advantage of No Claim Bonus

NCB is offered for claims-free policy period

Benefits of Shriram Car Insurance

Insuring your vehicle with Shriram General Insurance is simple, instant and effortless

Affordable Premium

  • Digital-friendly process with affordable premiums

Paperless Process

  • Shriram General Insurance is digital now. Get Shriram Car Insurance online at ease

Hassle-free Claims

  • Fast Claim Assistance, Instant Cashless Claims, Updated Claim Status and More

Quick Claim Settlement

  • 97% Motor Claim Settlement Ratio has been recorded by Shriram General Insurance

24*7 Customer Assistance

  • Avail of our 24*7 Customer Support for all your Insurance needs
Features and Benefits of shriram car insurance

Frequently Asked Questions

What is a No Claim Bonus (NCB)?

No Claim Bonus is provided by an insurer to the insured who does not make any OD claims during the policy year

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  • As per the Motor Vehicles Act, 1988 it is mandatory for all vehicles in India to have a Third-Party Car Insurance policy
  • Third-Party insurance covers the policy holder against any legal liabilities that may arise due to damages caused to a third-party, including bodily injuries, death and property damage
  • The premium amount for Third-Party Car Insurance is fixed by the Insurance Regulatory and Development Authority of India (IRDAI) and depends on the engine capacity of the vehicle
  • Third-Party insurance policies do not come with any add-ons. However, policy holders must opt for Compulsory Personal Accident cover, by paying an additional premium amount
  • If the insured vehicle causes “third-party” property damage, Shriram General Insurance Company will offer compensation up to Rs. 7,50,000/- in the case of private cars
  • Third-Party personal liability coverage will be provided to the insured as per the court orders
Read More
What is Comprehensive Car Insurance?

Shriram Third-Party Car Insurance Claim Process

  • step 1
  • step 2
  • step 3
Register your Claim

Register your Claim

  • 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 Required Documents

Submission of Required Documents

  • 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

Verification and Claim Settlement

Verification and Claim Settlement

  • 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

Shriram Third-Party Car Insurance Coverages

Benefits and Coverage Third-Party Insurance
Own-Damage to the car due to an accident teable_tick_icon
Own-Damage to the car due to fire teable_cross_icon
Own-Damage to the car due to natural calamities teable_cross_icon
Third-Party damage to the car teable_tick_icon
Third-Party damage to property teable_tick_icon
Compulsory Personal Accident Cover teable_tick_icon
Theft of the car teable_cross_icon
Cashless Claims teable_cross_icon
No Claim Bonus (NCB) teable_cross_icon
Riders/Add-ons teable_cross_icon

Frequently Asked Questions

What does Third-Party liability insurance cover?

Third-Party liability insurance covers damages or injuries caused to a third-party in an accident involving the insured car

Is Third-Party Car Insurance mandatory in India?

Yes, Third-Party Car Insurance is mandatory in India under the Motor Vehicles Act, 1988

What factors affect the Car Insurance premium in India?

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

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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 OD Car Insurance Overview

What is Standalone Own Damage Car Insurance

What is Standalone Own Damage Car Insurance

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.

Key Features of Shriram OD Car Insurance

Shriram's Standalone Own Damage Car Insurance offers a range of key features that ensure your vehicle is comprehensively protected

Quick Claims Processing

Quick Claims Processing

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.

Premium Flexibility

Premium Flexibility

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.

Focused Coverage

Focused Coverage

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.

Benefits of Shriram OD Car Insurance

Securing a Shriram Standalone Own Damage Car Insurance policy offers a multitude of benefits , including

  • Comprehensive Protection:
    You get complete coverage for your vehicle, ensuring that you are financially protected in case of accidents, theft, natural calamities, fire, strike/riot, man-made disasters, or theft.
  • Financial Security:
    With Standalone OD Policy, you can drive with peace of mind, knowing you are prepared for any unexpected incidents. The policy provides financial security in case of significant vehicle damage, reducing the financial burden on your shoulders.
Benefits of Shriram OD Car Insurance

Add-ons for OD Car Insurance

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

Depreciation Waiver

Depreciation Waiver

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.

Daily Reimbursement

Daily Reimbursement

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.

Motor Protection Cover

Motor Protection Cover

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.

Personal Belongings

Personal Belongings

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.

How to Buy Own Damage Car Insurance Online

How to Buy Own Damage Car Insurance Online

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.

Coverage Options for Standalone Own Damage Car Insurance

Shriram's Standalone Own Damage Car Insurance provides comprehensive coverage for the following incidents

01

Accidents

Whether a minor collision or a major accident, your policy covers your vehicle's repair or replacement costs.

02

Fire

In the unfortunate event of a fire, your Own Damage Cover provides financial assistance for the restoration of your vehicle.

03

Strike/Riot

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.

04

Man-made Disasters

A standalone Own Damage Car Insurance Policy shields you from the financial repercussions of damages caused by man-made disasters.

05

Natural Calamities

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.

06

Theft

In the unfortunate event of theft, your insurance policy ensures that you receive compensation for your loss.

How to File a Claim for an Own Damage Car Insurance?

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

Step 01
Contact us

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.

Step 02
Submit Required Documents

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.

Step 03
Claim Inspection

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.

Step 04
Claims Settlement

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.

Frequently Asked Questions

s the Standalone OD Car Insurance premium significantly different from Comprehensive 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.

Can I include add-on covers with Standalone OD Car Insurance?

You can enhance your Standalone OD Car Insurance policy by adding add-on covers such as Depreciation Waiver Cover, Roadside Assistance, or Engine Protection.

Do I need Standalone OD Car Insurance if I have a new car covered by the manufacturer's warranty?

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.

What distinguishes Shriram General Insurance from other insurers?

Shriram General Insurance's exceptional commitment to customer satisfaction, swift claims resolution, and extensive insurance offerings set it apart in the insurance industry.

Is it possible to access assistance and information from Shriram General Insurance through their online platform?

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.

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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 Overview

Why Used Car Insurance is Needed

Why Used Car Insurance is Needed

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.

Types of Insurances for Used Cars

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

1

Third-Party Insurance , covering the essential legal requirements

2

Comprehensive Insurance , offering a broad protective umbrella spanning accidents, theft, natural disasters

3

Standalone Own-Damage

Importance of Getting Used Car Insured

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.

Important Points to Remember While Insuring a Used Car

01

Obtaining insurance for used cars mandates careful consideration of specific facets to align coverage effectively and maximise policy benefits.

02

These considerations encompass the meticulous comparison of policies to pinpoint the most suitable one.

03

You must verify the following

  • Coverage limits to ensure adequate protection against potential scenarios
  • Understand policy exclusions to grasp the scope and limitations of the chosen coverage.

Things to Consider Before Buying a Used Car

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. 

What to Do After Buying a Used Car

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. 

Transfer Car Ownership and Insurance

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. 

Documents Required for Ownership Transfer of Car and Insurance Policy

To facilitate the ownership transfer of a used car and its associated insurance policy, gather essential documents. The documents required include:  

  • The car’s registration certificate (RC),
  • Identification documents of the previous owner and the new owner,
  • A copy of the sale agreement,
  • Copies of the existing insurance policy documents.

How to Calculate the Premium for Used Car Insurance

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.

Car Insurance Policy Transfer Deadline

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.

  • Buy Used Car Insurance Online
  • Renew a Car Insurance Policy for Used CarsOnline

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.

How to File a Claim for Used Car Insurance

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.

Documents Required to Make a Claim

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.

How to File a Claim for Used Car Insurance

Shriram General Insurance Car Insurance Add-ons

Shriram General Insurance offers a variety of Car Insurance Add-ons to enhance its Comprehensive Car Insurance Plans. Notable options include:

Depreciation Waiver

Depreciation Waiver

Depreciation Waiver Cover for comprehensive repair or replacement coverage

Engine Protection

Engine Protection

Engine Protection Cover for engine damage protection

Roadside Assistance

Roadside Assistance

Roadside Assistance for immediate support during breakdowns

Personal Belongings

Personal Belongings

Personal Accident Cover for financial aid in case of accidents.

Key Replacement Cover

Key Replacement Cover

The Key Replacement Cover takes care of lost or damaged car keys.

Frequently Asked Questions

Is used car insurance necessary even for safe drivers with well-maintained vehicles?

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.

Can I obtain used car insurance for vintage vehicles, and are there any limitations?

Yes, you can secure used car insurance for vintage vehicles. However, premium costs may be higher.

Are discounts available for used car insurance?

Yes, insurance providers often offer discounts, with the NCB being common.

What distinguishes Shriram General Insurance as a preferred choice for used car insurance?

Shriram General Insurance's commitment to customer satisfaction, efficient claims settlement, and extensive range of insurance products make it a preferred choice.

Can I customise my used car insurance with Shriram General Insurance to meet specific requirements?

Yes, Shriram General Insurance offers flexibility and customisation in its insurance policies, allowing you to tailor your used car insurance to meet your needs.

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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.

New Car Insurance Overview
What is New Car Insurance

What is New Car Insurance

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..

Benefits of Shriram New Car Insurance

Investing in Shriram’s Car insurance offers numerous advantages, including

Financial Protection

  • Accidents, theft, or unforeseen events can lead to substantial financial expenses. With new car insurance online, you get a shield from these sudden financial burdens.

Peace of Mind

  • Knowing that your brand-new car is protected can give you peace of mind. You can drive without constant worry about unexpected repair costs.

Customised Add-ons

  • Shriram New Car Insurance allows you to tailor your policy with various add-on covers, ensuring that your coverage aligns perfectly with your needs.

Features of Shriram New Car Insurance

While the specific features may vary between insurance providers, there are some common key features that you can expect: 

Comprehensive Coverage

Comprehensive Coverage

Shriram New Car Insurance offers comprehensive coverage that includes protection against various risks, including accidents, theft, natural calamities, and man-made disasters.

Brand New Car Insurance Online

Brand New Car Insurance Online

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.

Quick Claim Settlement

Quick Claim Settlement

Shriram General Insurance is known for its efficient claim settlement process. To make a claim, you can expect a smooth and timely resolution.

Add-ons for Enhanced Protection

Add-ons for Enhanced Protection

New car insurance often allows add-on covers to enhance protection. These add-ons may include zero depreciation cover , engine protection, and more.

  • Buy Shriram New Car Insurance Online
  • Renew Shriram New Car Insurance Online

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

1

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.

2

Enter Car Registration Number:

Provide your car's registration number on their website. This step helps in identifying the specific details of your vehicle.

3

Provide Your Phone Number:

Enter your phone number below the car registration field. This is crucial for communication and verification purposes.

4

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.

5

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

1

Visit Shriram General Insurance Website:

Start by accessing the official website of Shriram General Insurance.

2

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.

3

Provide Policy Number:

  • Fill in your policy number, a unique identifier for your existing policy. This step ensures that you renew the correct insurance.
4

Enter Mobile Number:

  • Input your mobile number, which is essential for communication and verification purposes.
5

Verify and Pay:

  • Review your policy details and make any necessary updates if required. After ensuring that everything is accurate, proceed to make the payment for the renewal of your new car insurance policy.
6

Receive Confirmation:

  • Upon successful payment, you will receive a confirmation of your renewed policy. This confirmation provides peace of mind, knowing that your new car insurance remains in force to protect your valuable assets.

Coverage Details of New Car Insurance

New car insurance typically provides coverage for various scenarios, including

01

Accidents

Your insurance policy will cover the repair costs, whether it's a minor fender-bender or a major collision.

02

Theft

Your insurance will provide financial compensation if your new car is stolen.

03

Natural Calamities

New car insurance protects against damages caused by natural disasters such as floods, earthquakes, and storms.

04

Man-Made Disasters

This coverage extends to damages caused by man-made disasters like riots.

05

Third-Party Liability

If your car causes damage or injury to a third party, your insurance covers these liabilities.

Add-ons for New Car Insurance

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

Depreciation Waiver

Depreciation Waiver

This add-on ensures that depreciation is not considered during claims, providing you with the full value of your car's parts.

Engine Protection

Engine Protection

Engine damage can be expensive to repair. With this add-on, you're protected against high repair costs.

Return to Invoice

Return to Invoice

If your new car is deemed irreparable or stolen, this add-on provides compensation equivalent to the original invoice value.

Personal Belongings

Personal Belongings

If personal belongings are stolen from your car, this cover offers compensation.

Emergency Transport and Hotel Expenses

Emergency Transport & Hotel Expenses

In the event of a breakdown in a remote area, this cover helps with transportation and lodging expenses.

Key Replacement

Key Replacement

Keys are essential; if they're lost or stolen, this add-on provides a solution at an additional cost.

Why You Need to Buy New Car Insurance from Shriram

There are several reasons to choose Shriram General Insurance for your new car insurance needs

Experience

Shriram General Insurance has a proven track record and a wealth of experience in the insurance industry.

Quick Claims Settlement

Their efficient claims settlement process ensures that you receive the support you need when you need it.

Online Services

Shriram offers the convenience of online services, making purchasing and renewing your policy easy.

Customisation

You have the flexibility to customise your policy with add-on covers to suit your specific requirements.

Why You Need to Buy New Car Insurance from Shriram

Frequently Asked Questions

How does New Car Insurance differ from Used Car Insurance?

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.

Are add-on covers necessary for new car insurance?

While they are not mandatory, add-on covers can enhance your coverage and offer additional protection for your new car.

What sets Shriram General Insurance apart from other insurers?

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.

Can I get support or information from Shriram General Insurance online?

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.

Is car insurance also required for old cars?

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.

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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.

Bumper to Bumper Car Insurance Overview

What is Bumper to Bumper Car Insurance

What is Bumper to Bumper Car Insurance

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.

Features of Bumper to Bumper Car Insurance offered by Shriram General Insurance

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

Full Coverage

Full Coverage

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.

Cost-Effective

Cost-Effective

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.

What is Covered Under Bumper to Bumper Car Insurance

When you choose bumper to bumper car insurance coverage, you can expect the following

Repair and Replacement Costs

  • This policy covers the entire expense of repairing or replacing your car's body parts after sustaining a policy, without taking depreciation into account.

Natural Disasters

  • This policy covers expenses in cases of damage caused by natural disasters like floods or earthquakes.

24/7 Roadside Assistance

  • Shriram General Insurance provides round-the-clock assistance for emergencies, ensuring you're never stranded.

What is Not Covered Under Bumper to Bumper Car Insurance

While Nil Depreciation/Bumper Bumper Car Insurance provides extensive coverage, there are some exceptions. Here are common exclusions

Mechanical / Electrical Failures

Mechanical / Electrical Failures

This policy does not typically cover mechanical / Electrical breakdowns unrelated to accidents.

Regular Wear and Tear

Regular Wear and Tear

This insurance does not cover general wear and tear over time.

Consequential Damages

Consequential Damages

Damage resulting from an accident, such as loss of personal belongings is not included.

Policy Excess/Deductible

Policy Excess/Deductible

This insurance excludes coverage for the deductible or policy excess, meaning you would need to pay this amount in the event of a claim.

Benefits of Bumper to Bumper Car Insurance

  • Complete Peace of Mind:

    With Bumper to Bumper insurance, you can drive confidently, knowing that your car's repair and replacement costs are covered.

  • Savings on Repairs:

    You won't have to bear the brunt of depreciation costs, saving you money in the long run.

  • Extended Protection:

    Enjoy extended protection for your vehicle's body parts, often beyond the manufacturer's warranty period.

Benefits of Bumper to Bumper Car Insurance

How to Buy Shriram General Insurance’s Bumper to Bumper Car Insurance Online

Getting your Nil Deprecation/bumper to bumper car insurance online with Shriram General Insurance is simple and convenient. Follow these steps

  • Step 01
  • Step 02
  • Step 03
  • Step 04
  • Step 05
Visit Shriram General Insurance Website

Visit Shriram General Insurance Website

  • 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.

Enter your Car Registration Number

Enter your Car Registration Number

  • Fill in your car registration number on Shriram General Insurance's website.

Write your Phone Number

Write your Phone Number

  • Enter your phone number right below the car registration number.

Click on Insure Now

Click on Insure Now

  • Click on the Insure Now button to be redirected to the insurance selection. Find your car insurance online with bumper to bumper coverage here.

Choose your Insurance

Choose your Insurance

  • 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 Online

Bumper to bumper car insurance renewal with Shriram General Insurance is quick. Follow these simple steps

1

Visit Shriram General Insurance Website

Access the official website at www.shriramgi.com .

2

Click on the button that says renew your insurance

This will redirect you to a page where you will need to fill in some details for your car insurance renewal, bumper to bumper.

3

Fill in your Policy number

Fill in your policy number and your mobile number to find your insurance.

4

Verify and Pay

Review your policy details, make any necessary updates, and proceed to pay for your bumper to bumper insurance renewal.

5

Receive Confirmation

You'll receive confirmation of your renewed policy after payment.

Comprehensive vs. Bumper-to-Bumper

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

What Factors Affect the Premiums for Bumper to Bumper Car Insurance

Several factors influence the premiums for Bumper to Bumper Car Insurance, including

Vehicle Make and Model

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

Age of the Vehicle

Newer vehicles are generally associated with lower premiums.

Insured Declared Value (IDV)

Insured Declared Value (IDV)

A higher IDV may result in higher premiums.

Policy Duration

Policy Duration

Longer-term policies may offer premium discounts.

Claim History

Claim History

A history of frequent claims claims may lead to increased premiums.

How to File a Claim with Bumper to Bumper Car Insurance

In case of bumper damage or any other covered incident, follow these steps to file a claim

Step 01
Contact your Insurer

Contact your Insurer

Inform Shriram General Insurance immediately about the damage or accident.

Step 02
Claim Initiation

Claim Initiation

Submit the necessary documents , including the claim form and proof of damage or loss.

Step 03
Inspection

Inspection

An inspection will be conducted to assess the extent of the damage.

Step 04
Approval and Settlement

Approval and Settlement

Once approved, the insurer will settle the claim amount as per the policy terms.

Factors to Consider When Choosing a Bumper to Bumper Car Insurance Policy

Coverage Limits

Ensure that the policy covers the specific risks that concern you.

Premium Costs

Compare premiums from different insurers and choose one that fits your budget.

Policy Duration

Decide the term of the policy based on your needs.

Claim Process

Assess the ease and efficiency of the insurer's claim settlement process.

Add-Ons

Consider additional coverages or add-ons that may enhance your protection.

Frequently Asked Questions

Is bumper to bumper car insurance mandatory?

No, it's not mandatory, but it provides valuable coverage for your vehicle.

Can I get bumper to bumper coverage for an old car?

Yes, bumper to bumper coverage is available for both new and old cars.

What is the duration of a typical bumper to bumper car insurance policy?

Policies can range from one to five years, depending on your preference.

What are the insurances offered by Shriram General Insurance?

Shriram General Insurance offers comprehensive insurance, own damage insurance, and third-party insurance. These come with various add-ons.

Does Shriram General Insurance offer any unique benefits with their Bumper to Bumper coverage?

Shriram General Insurance provides extended warranty-like protection, flexible policy durations, and cashless claims for its Nil Depreciation Cover.

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  • Comprehensive Car Insurance offers a wider range of coverage than Third-Party Car Insurance . It provides the insured a better financial protection in the event of unforeseen damages
  • Comprehensive Car Insurance protects vehicles from accidents-related losses or damages to the insured vehicle as well as third-party liabilities .
  • It provides coverage for losses or damages resulting from incidents that could damage the insured vehicle, such as theft, fire, natural disasters or accidents
  • With the Comprehensive Car Insurance policy, Compulsory Personal Accident (CPA) cover of Rs. 15,00,000/- will always be included at an affordable premium
  • The premium of Comprehensive Car Insurance depends on various factors such as the type of vehicle, coverage, engine cubic capacity, age of the vehicle and location
Read More
What is Comprehensive Car Insurance?
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Nil Pending Complaints

happy cutomers

Over 60 Lakh
Happy Customers

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Why Choose Shriram Comprehensive Car Insurance?

  • Shriram General Insurance offers a range of Car Insurance policies that can be purchased, renewed and claimed online
  • With minimal documentation and an easy application process, get a Car Insurance policy from the comfort of your home
  • A digital-friendly platform makes choosing the type of coverage , comparing premiums and purchasing Car Insurance in just a few clicks
  • To achieve prompt settlement, the entire claim process has been meticulously streamlined. Shriram Car Insurance offers 24/7 online customer assistance
Read More

Features of Shriram Comprehensive Car Insurance

Budget-friendly Premium

Budget-friendly Premium

Comprehensive coverage at an affordable premium

Quick Claim Settlement

Quick Claim Settlement

Superfast online claim settlement process

24*7 Customer Support

24*7 Customer Support

A 24*7 customer assistance for all your insurance need

Enhanced Coverage

Enhanced Coverage

End-to-end coverage for your car with additional covers

four wheeler insurance

Benefits of Shriram Comprehensive
Car Insurance

  • All-encompassing coverage for an end-to-end protection
  • Add-on covers provide better coverage for your vehicle
  • Timely claim settlement at your convenience
  • Easy and hassle-free claim settlement process
  • 24*7 online customer assistance available

Frequently Asked Questions

Can I switch insurance providers when renewing my Car Insurance in India?

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

What is comprehensive Car Insurance?

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

What are the consequences of not renewing my Car Insurance in India?

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)

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The premium of Car Insurance in India depends on factors such as the type of vehicle, the model and variant, the year of manufacture, the Insured Declared Value (IDV), type of insurance policy and add-ons

Make and Model

Insurers consider the make and model of the vehicle while calculating the premium. Premiums are typically higher for vehicles that have more cubic capacity, run on gas or use Compressed Natural Gas (CNG)

Year of Manufacture

The age of the car is based on its manufacturing year. The depreciation the car has endured is calculated based on its age. Thus it is also essential to determine IDV of the car

Insured Declared Value

The Insured Declared Value (IDV) is the maximum amount that an insurance company will pay in case of theft or total loss of the vehicle. It is calculated as the current market value of the vehicle minus depreciation. The IDV of the vehicle is an essential factor that determines the insurance premium

Types of Insurance

In India, Third-Party Car Insurance is mandatory. The premium for Third-Party Car Insurance depends on the vehicle's cubic capacity. A Third-Party Liability policy covers damages caused to a third party in an accident, whereas a Comprehensive policy covers damages caused to the vehicle as well as third-party liability

Add-ons

Car Insurance in India offers various add-on covers such as zero depreciation , engine protection and roadside assistance. These add-on covers can enhance the protection of the vehicle and provide additional coverage. It is essential to consider the add-on covers and their costs while calculating the insurance premium

No Claim Bonus

An insured gains No Claim Bonus if they have not filed any claims during a policy year. The insured can be benefited by the NCB at the time renewal over the Own Damage premium

Frequently Asked Questions

Can I customise my comprehensive Car Insurance policy?

Yes, comprehensive Car Insurance policies can be customised based on the coverage required and the budget

What factors determine the Car Insurance premium in India?

The Car Insurance premium in India is determined by several factors, including the age of the car, make and model of the car, type of coverage, the location of the car and add-ons preferred

How can I calculate the premium for my Car Insurance policy in India?

You can calculate the premium for your car insurane policy in India by using an online premium calculator, which takes into account the aforementioned factors and provides you with an estimated premium

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The factors mentioned here can help an insured to save on their vehicle insurance premium

Choosing Policy

It is essential to compare Car Insurance policies offered by Shriram General Insurance before purchasing a policy. Comparing policies can help you choose the policy that provides maximum coverage at an affordable premium

Selection of Add-ons

Add-ons are optional covers that you can add to your policy for additional coverage. - Add-ons include zero depreciation cover , roadside assistance, engine protector and more. Consider your options carefully when purchasing add-ons

Deductibles

A deductible is the amount an insured must pay at the time of claim. A voluntary deductible is an amount that the policyholder chooses to contribute towards the claim settlement, which in turn reduces the payable premium. Always have a check on voluntary deductible during a policy purchase

Gain No Claim Bonus

It is always recommended that an insured renew their insurance policy on time to continue their No Claim Bonus (NCB) . Because any break-in insurance beyond 90 days will affect the NCB. Availing the NCB can significantly help the insured to save on the insurance premium during renewal

Installing Anti-Theft Devices

Install an anti-theft device (approved by ARAI) on your vehicle to receive this benefit. These devices reduce the risk of theft and installing anti-theft devices such as GPS trackers and alarms can significantly reduce the insurance premium

Frequently Asked Questions

How can I save on the premium for Car Insurance in India?

An insured can save on the Car Insurance premium in India by choosing a preferable voluntary deductible, selecting right type of policy, renewing policy on-time and installing safety devices in the vehicle. Additionally, an insured can compare different policies available on the platform to get the right coverage at a reasonable pricing

Does the Car Insurance premium calculator calculate premiums accurately?

The Car Insurance premium calculator takes into consideration of all essential factors in order to calculate premiums accurately. Thus it ensures the policy holders to make an informed decision during a policy purchase

Does comprehensive Car Insurance cover natural disasters?

Yes, comprehensive Car Insurance covers damages or losses to the insured vehicle due to natural disasters such as floods, earthquakes and cyclones

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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

Avoid Legal Liabilities

Avoid Legal Liabilities

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

Quick and Effort-saving

Quick and Effort-saving

Car Insurance renewal is a simple and hassle-free process. Shriram General Insurance offer various payment options, making it convenient for the policy holder

Instant Renewal

Instant Renewal 

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

Gain No Claim Bonus

Gain No Claim Bonus 

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

Prevent Insurance Break-ins

Prevent Insurance Break-ins 

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

Frequently Asked Questions

How can I buy zero depreciation cover for Car Insurance in India?

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

What is the significance of add-on cover?

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

What are the benefits of renewing Shriram Car Insurance online?

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

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  • The Insured Declared Value (IDV) is an essential aspect of Car Insurance policies in India. It refers to the maximum amount that the insurance company will pay in case of a total loss or theft of the insured car
  • The IDV is determined based on the car's market value, taking into account factors like the car's age, make, model and depreciation
  • It is essential to set the IDV of your car correctly because it determines the maximum amount that you will receive from the insurance company in case of total loss or theft
  • The IDV plays a vital role in determining the premium amount for Car Insurance policies . The higher the IDV, the higher the premium amount and vice versa
  • In case of a total loss or theft of the insured car, the insurance company will pay the IDV as the maximum claim amount
Read More

How to Calculate IDV?

  • The IDV of a vehicle is calculated based on the manufacturer's listed selling price of the vehicle, minus depreciation
  • The depreciation rate for IDV calculation is fixed by the Insurance Regulatory and Development Authority of India (IRDAI) and is based on the age of the vehicle
  • The IDV of a vehicle can be calculated using the formula: IDV = Manufacturer's listed selling price - (Depreciation + Optional accessories, if any)
Read More

Frequently Asked Questions

Why is determining a right IDV important in Car Insurance?

  • The IDV is a crucial factor that determines the claim settlement amount. If the IDV is set too low, the policy holder may not receive adequate compensation in case of a claim, leading to financial loss.
  • On the other hand, if the IDV is set too high, the policy holder may end up paying a higher premium amount

How is the IDV of a vehicle gets calculated?

  • The IDV is calculated based on the manufacturer's listed selling price of the vehicle (including all accessories) minus depreciation based on the age of the vehicle.
  • The IDV of a car decreases as the car ages and it is usually revised downwards during policy renewal

How can I ensure the correct IDV for the car?

  • To ensure the correct IDV for the car, one should take into account the current market value of the vehicle, depreciation based on its age and any accessories that have been added to the car.
  • It is also essential to provide accurate information about the car's make and model to the insurance company
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  • No Claim Bonus (NCB) is provided by the insurer to the insureds who have not made any claims during the policy term
  • NCB is applied on the Own Damage premium that the policy holder has to pay during the next policy term
  • No Claim Bonus increases with each consecutive claim -free year, up to a maximum of 50%
  • NCB can be transferred to a new insurance company when the policy holder switches insurers
  • NCB can also be transferred to a new vehicle, provided the policy holder has sold the old vehicle and is purchasing a new one
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Importance of No Claim Bonus

  • Maintaining a NCB can be beneficial for policy holders in the long run, as the NCB percentage increases with every claim-free year
  • It is also transferable when the policy holder sells the vehicle and purchases a new one. The NCB can be transferred by submitting a proof of the previous policy's NCB to the new insurance company
  • It also reflects positively on the policy holder's driving record and can result in comparatively lesser premiums in the future
  • NCB is transferable when the policy holder switches to a new vehicle or a new insurance company
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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%

Frequently Asked Questions

What is a No Claim Bonus (NCB) in Car Insurance?

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

What is a NCB Certificate?

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

What is the validity of the NCB?

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

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  • Zero Depreciation cover covers the full cost of repairs or replacement without considering depreciation. This ensures that the policy holder does not have to bear any additional expenses out of pocket
  • Zero depreciation cover is an add-on feature that can be included in a comprehensive Car Insurance policy in India
  • It offers full coverage for any damages or losses to the insured vehicle, without considering depreciation
  • It ensures that the policy holder can claim the full cost of any repairs or replacements required, without having to bear any depreciation costs
  • It may also have certain exclusions, such as damages due to driving under the influence of alcohol or drugs and others as mentioned in the policy document
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Benefits of Shriram Zero Depreciation Add-on Cover

Extensive Protection

Extensive Protection

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

Exempt from Additional Expenses

Exempt from Additional Expenses

The policyholder does not have to pay for the depreciation of the vehicle parts in case of an accident

Vehicle Durability

Vehicle Durability

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

Frequently Asked Questions

Can I get zero depreciation Car Insurance after 2 years?

Yes. The policy holder can add zero depreciation coverage to the Car Insurance policy after the vehicle has been assessed by the insurance company

How can policy holders buy Zero Depreciation cover along with their Car Insurance?

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

Is zero depreciation add-on different from Shriram Comprehensive Car Insurance?

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

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  • Deductibles are the portion of the claim amount that the policyholder must pay out of pocket prior to receiving assistance from the insurance company.
  • Deductible is expressed as a fixed amount or a percentage of the claim amount, depending on the policy terms
  • Deductibles are not applicable in Third-Party Liability Insurance as it covers only the damage caused to the third-party vehicle and not the policy holder's vehicle
  • Deductible is not applicable for Third-Party claims, as the liability is borne entirely by the insurance company
  • There are two types of deductibles that may be part of the Car Insurance policy:
  • Compulsory Deductibles
  • Voluntary Deductibles
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Types of Deductibles

Voluntary Deductible

  • Voluntary deductible is an option that the policy holder can choose to opt for, in addition to the compulsory deductible
  • Voluntary deductibles allow policy holders to customise their insurance policy based on their risk appetite and budget, ultimately reducing the payable premium.
  • It is important for policy holders to strike a balance between the voluntary deductible and the premium amount, as a very high deductible may not be financially viable during a claim process
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Compulsory Deductible

  • This is a fixed amount that is mandatory for policy holders to pay before their insurance company starts paying out claims. In India, the compulsory deductible amount is determined by the Insurance Regulatory and Development Authority of India (IRDAI) and varies depending on the cubic capacity of the car engine
  • The minimum compulsory deductible is Rs. 1,000 for cars with an engine capacity of up to 1,500 cc and Rs. 2,000 for cars with an engine capacity of more than 1,500 cc.
  • Policy holders should carefully consider the deductible amount while choosing a policy, as it can affect the overall cost-benefit analysis of the policy.
Read More

Frequently Asked Questions

Is the deductible applicable to Third-Party claims under Car Insurance?

No, the deductible is not applicable to Third-Party claims, as liability is borne entirely by the insurance company

What is the benefit of choosing a voluntary deductible for Car Insurance?What is the benefit of choosing a voluntary deductible for Motor Insurance?

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

Is it recommended to opt for a high voluntary deductible in Car Insurance?

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

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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

Comprehensive Coverage

Comprehensive Coverage

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

    • Third-Party Injury or Death
    • Accidental Damages
    • Fire
    • Strike/Riot
    • Man-made Disasters
    • Third-Party Property Damages
    • Natural Calamities
    • Theft
    • Add-ons*
Own Damage Coverage

Own Damage Coverage

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

    • Accident
    • Fire
    • Strike/Riot
    • Man-made Disasters
    • Natural Calamities
    • Theft
    • Add-ons*
Third-Party Coverage

Third-Party Coverage

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

  • Third-Party Injury or Death
  • Third-Party Property Damages

Shriram Car Insurance Add-on Covers

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

Zero Depreciation Cover

Zero Depreciation Cover

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

Daily Reimbursement

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

Motor Protection Cover

Motor Protection Cover

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 Cover

Return to Invoice Cover

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

Personal Belongings

Personal belongings add-on cover helps with the loss of personal belongings from the locked vehicle, including car accessories

Emergency Transport Hotel Expenses

Emergency Transport & Hotel
Expenses 

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

Key Replacement

Key Replacement

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


Frequently Asked Questions

Does the policy allow for adding add-ons midway through the period?

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

What are the added advantages you can expect from Shriram Car Insurance policy?

  • Voluntary Deductibles: The voluntary deductible is part of the claim amount that the policyholder pays before the claim is submitted to the insurer. It is beyond the compulsory deductible set by the IRDAI. A voluntary deductible allows an insured to save money on their insurance premiums
  • Automobile Association Discount: An insured will receive certain benefits on OD premium for your valid membership of recognized Automobile Associations such as the Automobile Association of Eastern India, the Uttar Pradesh Automobile Association, the Western India Automobile Association, Automobile Association of Southern India and the Automobile Association of Upper India
  • Installing Anti-Theft Devices: If your car is fitted with anti-theft devices approved by the Automobile Research Association of India (ARAI), Pune and whose installation is duly certified by any authorized Automobile Associations, will give you an opportunity to save on the OD premium

What is own damage in car insurance?

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.

what is third party liability in car insurance?

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.

what is own damage expiry date in car insurance?

Own damage insurance usually has a one-year validity period, after which it must be renewed.

What is the difference between comprehensive and third-party liability car insurance?

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.

What is the difference between comprehensive and own-damage car insurance?

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.

What is the difference between own-damage and zero depreciation in car insurance?

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.

What is comprehensive policy in car insurance?

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.

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  • What is Covered?
  • What is not Covered?
01

Loss or Damage to your Vehicle

Coverage against any loss or damage caused to the vehicle due to the following natural and man-made calamities

02

Natural Calamities

Fire, explosions, self-ignition or lightning, earthquakes, floods, typhoons, hurricanes, storms, tempests, inundations, cyclones, hailstorms, frosts, landslides and rockslides

03

Man-made Disasters

Riots, strikes, malicious acts, terrorist activities, any violent activities are generally covered as man-made disasters

04

Accidental Damages

Burglary, theft, accidents by external means, any damage in transit by road, rails, inland waterways, lifts, elevators or air

05

Third-Party Personal Liability

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

06

Third-Party Property Liability

In case your vehicle causes third-party property damage, the insurer will offer compensation up to Rs. 7,50,000/- for private cars

01

Accident due to External Factors

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

02

Extended Territory and Invalid Licence

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

03

Loss due to Nuclear/Radioactive Elements

Loss connected to nuclear or radioactivity or war and related activities is not covered under this policy

04

Other Accidental Losses

Consequential loss, Depreciation, wear and tear, mechanical and electrical breakdown/failure or breakages will not be covered by Shriram Car Insurance policy

05

Policy Deductibles

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


Frequently Asked Questions

Mention some of the value added features of Shriram Car Insurance policy?

Shriram Car Insurance policy offers a range of value-added coverages for your car at a nominal additional premium

  • Electrical and Electronic Accessories: Your electrical and electronic accessories like music players, seat covers, LCD mini TV, fog lights, etc
  • Bi-Fuel Fuel System (CNG/LPG Kit): Your CNG/LPG Kit can also be covered whether it is in-built or fitted separately
  • Personal Accident: You can avail of this cover for yourself (as the insured), for the driver of your vehicle (in case you have a paid driver) and for unnamed passengers as per the seating capacity of the vehicle. The Personal Accident cover to protect the owner/driver is available for Rs. 15 lakhs

Do I need a Car Insurance policy for an electric/CNG/LPG vehicle?

Yes, electric/CNG/LPG vehicle needs a car insurance policy. An insured can avail these value added features at an additional premium

Is bumper damage covered in car insurance?

Damage to the car bumper is covered under the comprehensive insurance and not with the TP Liability policy.

Are minor scratches covered in car insurance?

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.

Does car insurance cover multiple dents?

The comprehensive insurance and the OD cover provide coverage against multiple dents, caused due to accidental external means arising from a single incident.

Is bumper to bumper same as zero depreciation?

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.

Is Tyre covered under car insurance?

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.

What does bumper to bumper car insurance cover?

"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.

Is it good to take bumper to bumper car insurance?

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.

What is the difference between bumper to bumper and normal insurance?

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.

Are CV joints covered under bumper to bumper coverage?

Car insurance does not provide coverage for damage to CV joints.

Is clutch plate included in car insurance?

Damage to the car clutch plate is not covered under car insurance.

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Benefits and Coverage

Third-Party Coverage

Comprehensive Coverage

Own-Damage to the car due to an accident

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Own-Damage to the car due to fire

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Own-Damage to the car due to natural calamities

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Third-Party damage to the vehicle

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Third-Party damage to property

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Compulsory Personal Accident Cover

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Theft of the vehicle

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Cashless Claims

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No Claim Bonus (NCB)

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Riders/Add-ons

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Frequently Asked Questions

Can I cover my accessories?

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

How do we endorse electrical accessories cover?

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

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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.

Third-Party (TP) Premium

Third-Party (TP) Premium

The government of India has made third-party liability insurance mandatory. TP premiums are computed based on the cubic capacity of the car engine

Own-Damage Premium

Own-Damage Premium

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

Compulsory Personal Accident Cover

Compulsory Personal Accident Cover

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

Add-ons

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.

Frequently Asked Questions

What are the factors that help in deciding policy premiums for your car?

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

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01

The person must own a vehicle with a valid driving licence and original RC can purchase Shriram Car Insurance online at ease

02

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

Documents Required for Online Car Insurance Claims

  • Registration Certificate with Fitness Certificate
  • Driving License
  • 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)
  • Customer's bank details with a cancelled cheque (Where the Premium is greater than 25,000/-)
  • FIR (If filed or required)
Documents Required for Online Car Insurance Claims

Frequently Asked Questions

Can I drive my vehicle without a Car Insurance policy?

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

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  • Buy Shriram Car Insurance Online
  • Renew Shriram Car Insurance Online

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

1

Enter the basic details of the new car to estimate the premium payable

  • Car Registration Number & Mobile Number
  • Details of Car Manufacturer, Model & Variant
  • Date of Registration
2

Provide the details of the vehicle owner and choose the suitable policy/add-on covers of your choice

  • Kindly enter the basic details such as your Name, Email ID, Mobile Number, Address, etc.
  • Choose the policy that fits your requirements along with the necessary add-ons to protect your car
3

Complete your online payment and get instant car insurance

  • Kindly complete the online payment by selecting the preferred payment method (Debit Card, Credit Card or Net Banking) on the go and get your Shriram 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

1

Enter the previous policy details of your car and check the given details to estimate the premium of the renewal policy

  • Details of Car Manufacturer & Model
  • Registration Number
  • Year of Manufacture
  • Previous Insurance Policy
  • Change of Ownership Documents (if applicable)
2

Select the new coverages for your existing policy

  • Choose the policy that fits your requirements along with the necessary addons to protect your car
3

Complete your online payment & renew the car insurance policy

  • Kindly complete the online payment by selecting the gateway (Debit , Card or Net Banking) on the go and get your Shriram Car renewed

Frequently Asked Questions

Why should I buy/renew my Car Insurance policy online?

    Some of the benefits are:

  • Get a considerable discount by buying Shriram Car Insurance policy online
  • No paperwork is required to buy your Car Insurance policy
  • Multiple payment options via Credit Card, Debit Card or Net Banking
  • Highest levels of security
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With Shriram General Insurance, your claim settlement process is stress-free now

Get your Shriram Car Insurance Claim Settlement in 3 Simple Steps

  • Step 1
  • Step 2
  • Step 3
Register your Claim

Register your Claim

  • 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

Submit the Required Documents

Submit the Required Documents

  • Engine and Chassis Number

    • An engine number will always be specified on the vehicle's engine
    • The last 6-digits of the VIN (Vehicle Identification Number) are the unique serial number of the car, known as chassis number
  • Police Complaint

    • In a police complaint, the complainant describes the facts and incident to the police
    • An FIR report is made after a formal complaint is made
  • Description and location of the accident

    You are requested to provide the details of the accident

  • Car inspection address

    Please provide the address for the primary car inspection

  • Vehicle's Kilometre Reading

    Kindly provide the vehicle kilometre reading (distance travelled by a vehicle)

  • Accident Date and Time

    Kindly mention the date and time the accident took place

Claim Settlement

Claim Settlement

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

Benefits of Shriram Car Insurance Online Claim Process

  • On-time Notification of Claims
  • Instant Claim Settlement
  • Minimal Paperwork
  • Superfast Survey
  • Simple Claims Procedure
  • Updated Claim Status
Benefits of Shriram Car Insurance Online Claim Process

Frequently Asked Questions

How long does it take for me to get a claim settlement?

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

Can I pay Shriram Car Insurance policy premium in instalments?

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

How do I raise a claim when I need to?

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.

Can I claim car insurance claim without FIR?

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.

Can we claim tyre replacement in car insurance?

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.

Can I claim car insurance if my fault?

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.

How to claim car insurance from Shriram’s website?

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.

What should be my first action to initiate a claim?

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.

how many times can we claim car insurance in a year?

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).

How do I calculate the claim amount?

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.

What is the best way to claim car insurance?

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.

What is the maximum time for car insurance claim?

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.

What is the claim settlement period in car insurance?

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.

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Insured Declared Value (IDV)

Insured Declared Value (IDV)

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

Deductibles

Deductibles

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)

No Claim Bonus (NCB)

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%.

Cashless Garage

Cashless Garage

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


Frequently Asked Questions

Is Bumper-to-Bumper, Zero Depreciation and Nil Depreciation Cover the same?

Yes, all are the same. Bumper-to-Bumper Car Insurance covers all parts of the vehicle during an accident

What is Break-in insurance period?

A Break-in Insurance is when there is a gap in the new insurance risk starting date and previous policy end date

Download Your Shriram Car Insurance Policy in Simple Steps

Download Your Shriram Car Insurance Policy

Step 01

Visit the SGI website /MYSGI App home page and scroll to the top to access your Shriram Car Insurance account

Step 02

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 email
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What happens if you don't tell your insurer about car modifications?

Your 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

What is Roadside Assistance (RSA) in a Car Insurance policy?

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

Can my insurance policy provide me protection when I am taking my vehicle Out of India (abroad)?

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)

Why is Third-Party Car Insurance cover, not enough?

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

What is Nil Depreciation Cover in 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

What is premium?

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

How does the premium gets calculated?

The insurance premium of your vehicle is chargeable in one go. Our Premium Rating depends upon the following factors:

  • IDV
  • Cubic capacity
  • Geographical zone
  • Age of the vehicle

Is the premium calculation the same for commercial and private vehicles?

No. It is different depending upon the vehicle category

What if the cheque through which payment was made gets dishonoured?

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

What is the minimum amount of claim to process the claim intimation? How many claims can be reimbursed in a policy period?

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

What happens to NCB if I claim Car Insurance?

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

What are the benefits of buying the Shriram Car Insurance policy online?

The main advantage of buying online policy are:

  • You can purchase a Car Insurance policy at your convenience
  • Easy comparison options to get the best deal
  • Commission-free process
  • Research, compare, understand and make an informed purchase decision

I have lost a Car Insurance policy. Can I get a duplicate one?

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

What happens if I have paid for two policies for the same year?

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

For how long is my Shriram Car Insurance policy valid?

Your Car Insurance policy cover remains in force for 12 months from the date of commencement (or as otherwise shown on your policy schedule)

What our customers say ?

What our customers say?

Divyansh says,

Shriram General Insurance is the best travel insurance and i can confidently recommend.Truly the best online travel insurance site in India. Thanks to Shriram General Insurance !.

Vidit says,

Shriram General Insurance has a very encouraging overseas travel insurance program for us. Overall it's very nice

Malik says,

I had some doubts when reading the terms and conditions of my travel insurance. I called the Shriram General Insurance helpline and they cleared up most of my doubts.

Prakash says,

SGI Health Insurance currently administers my health insurance policy. I still have a bonus and there hasn't been a claim. This insurance covers all hospitals for cashless payments. Customer support is excellent.

Apeksha says,

This group health insurance policy, which has a Rs. coverage amount, was obtained from Shriram General Insurance. They have connections with several hospitals and also offer cashless medical care.

Ashwin says,

“I am satisfied with Health insurance claim service” Got my Health  insurance policy claim. Thanks a lot for quick response. Great customer satisfaction policy

Chiranjeev says,

My Commercial Vehicle Insurance is the best. These are very good, helpful and wonderful people. I am pleased to join Shriram General Insurance commercial vehicle insurance plan.

Purushottam says,

For commercial vehicle insurance, I can suggest Shriram General Insurance with confidence. I'm relieved that my vehicle is now protected and secure, I appreciate Shriram General Insurance!

Santram says,

Shriram General Insurance provides me with a commercial vehicle insurance policy that fully protects the vehicle for a comparatively small outlay of money. Excellent customer satisfaction policy, I'm pleased!

Amritlal says,

After taking into account all other plans available, I decided to go with Shriram General Insurance for my personal insurance policy. I am extremely pleased with the outcome of my claim and the amount of time and accuracy put into it.

Meghna says,

Taken the personal insurance policy with Shriram General Insurance company around 5 years ago. My colleague is suggested me to take the policy from here. The claim ratio is more compared to others. This was taken for my family benefits and customer service is good. Thank you SGI!!

Mohan says,

Five years ago, I chose to invest in a personal insurance policy with Shriram General Insurance Company after being recommended by a colleague. They had one of the best claim ratios and the customer service is great. Taking out this policy has benefited my family immensely and I'd like to take this opportunity to thank Shriram General Insurance for their excellent services.

Akanksha says,

I recently took out a home insurance policy with Shriram General Insurance and it covers me if there is any destruction to my property due to natural disasters such as earthquakes. I am very pleased with their customer service and quick response times. This gives me peace of mind knowing that I have this policy in place.

Raveena says,

After consulting with many people, I chose to purchase my home insurance from Shriram General Insurance. The experience was quite pleasing & I am glad that I went with them as their policy has proven to be very satisfactory.

Tejas says,

Securing my future by taking home insurance from Shriram General Insurance was a great decision. Not only did I get protection from natural and man-made calamities, but the service provided was also excellent.

Shubham says,

The add-on covers on my policy were extremely helpful. I got my claim easily and also reserved my NCB.And Shriram has made it so easy to renew any policy online without any tussle, trouble.thank you Shriram General Insurance!

Amandeep says,

Shriram General Insurance Co. Ltd is a trustworthy partner to me. They have a sincere and genuine approach towards settling claims, which I highly appreciate and value. They made it easier for me to manage through the tough times.

Satyaprakash says,

Shriram General Insurance truly stands out with the great service they provide – claims are processed quickly and effortlessly. I am very appreciative of their support! The quick and stress-free claim process made life easier for me during a trying time.

Shakeel says,

Shriram General Insurance really offer affordable two wheeler insurance premium. When my bike was damaged in an accident, I was stressed out but their two wheeler insurance executive took care of the situation quickly & efficiently. Thanks to Shriram General Insurance!

Samantha says,

I recently got a two-wheeler insurance policy from Shriram General Insurance and had a great experience. The website was incredibly user-friendly and all the relevant information was easily accessible. I'm glad my two-wheeler is safe and secure now - thank you Shriram General Insurance!

Vandana says,

My friend working for Shriram General Insurance suggested I take out a two-wheeler insurance policy from them. I've been renewing it before its expiry ever since and have been pleased with the service.I recently visited their branch and decided to renew my policy with them. The reason I chose them was because they provide first-party insurance with utmost claim amounts, plus this policy includes bumper to bumper coverage.

Chetan says,

I was thoroughly satisfied with my decision to get car insurance from Shriram General Insurance. Not only did I find their rates quite reasonable, but the policy coverage was also adequate. I am especially impressed with how efficiently and smoothly they handled my claims.

Ankit says,

I can confidently recommend Shriram General Insurance for car insurance as I have been a loyal customer for the last 5 years. Their claims process is very efficient and they respond swiftly to their customers in comparison to the other providers.

Rahul says,

I recently switched to Shriram General Insurance for my car insurance and I'm glad I did. The customer service is great, and the policy was issued instantly. I am Very impressed with their services!
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Shriram Car Insurance in Major Cities in India

Delhi

Delhi

Chennai

Chennai

Mumbai

Mumbai

Ahmedabad

Ahmedabad

Gurgaon

Gurgaon

Bangalore

Bangalore

Agra

Agra

Bhopal

Bhopal

Pune

Pune

Indore

Indore

Jaipur

Jaipur

Dehradun

Dehradun

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IRDAI Consumer Education:- Insurance is the subject matter of solicitation. IRDAI Registration Number - 137. CIN No. U66010RJ2006PLC029979. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

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