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  • Overview
  • Features And Benefits
  • Third-Party Goods Carrying Vehicle Insurance
  • Comprehensive Goods Carrying Vehicle Insurance
  • Calculate Premium
  • Save Premium
  • Renewal Benefits
  • IDV
  • NCB
  • Deductibles
  • Types of Goods Carrying Vehicle Insurance
  • Coverages
  • Compare Plan
  • Premium Components
  • Eligibility and Required Documents
  • Buy / Renew
  • Claim Process
  • Terminologies
  • Policy Download
  • FAQs
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What is Shriram Goods Carrying Vehicle Insurance?

Heavy goods carrying vehicles are prone to many risks due to their massive size and enormous loads while travelling from one place to another. In order to protect truck owners against such unforeseen events, goods carrying vehicle insurance provides coverage against fire, accidents, natural disasters, natural calamities, thefts and so on

  • Under the Motor Vehicles Act, 1988, it is mandatory for all vehicles, including goods carrying vehicles, to be insured against Third-Party (TP) damage to mitigate third-party losses
  • Having a goods carrying vehicle insurance will ensure smooth transport business operations without any hindrance
  • Goods carrying vehicle insurance policy online is issued exclusively for business owners who use their vehicles for commercial purposes
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What is Goods Carrying Vehicle Insurance?
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Why Choose Shriram Goods Carrying Vehicle Insurance?

Why Choose Shriram Goods Carrying Vehicle Insurance?

  • At Shriram General Insurance's digital platform, one can purchase, renew and claim Shriram Goods Carrying Vehicle Insurance policy at ease
  • Get an instant goods carrying vehicle insurance policy with minimal documentation and a speedy application process
  • It is easy and quick to renew a policy with Shriram General Insurance's digital-friendly platform
  • To ensure timely claim settlement, we simplified the entire claim process with 24*7 online claim support
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Shriram Goods Carrying Vehicle Insurance Coverages

Goods carrying vehicle Third-Party Coverage

Third-Party Coverage

According to Section 146 of the Motor Vehicles Act, 1988, third-party coverage is mandatory. Third-party (opponent vehicle owner/pedestrian) goods carrying vehicle insurance covers liability for third-party vehicle/property damage and third-party injury

Goods carrying vehicle Own Damage Coverage

Own Damage Coverage

Own Damage (OD) covers damages resulting from accidents, theft, fire, natural calamities and man-made disasters

Goods carrying vehicle Comprehensive Coverage

Comprehensive Coverage

Comprehensive Coverage includes Third-Party Coverage and Own Damage Coverage as well as Compulsory Personal Accident (CPA). With Shriram Comprehensive policy, choose suitable add-ons to enhance your coverage

How to Calculate Shriram Goods Carrying Vehicle Insurance Premium?

The premium for Shriram Goods Carrying Vehicle Insurance will be determined by various factors, including the type of vehicle, model and variant, year of manufacture, Insured Declared Value (IDV), type of insurance policy and add-ons

Make and Model

The make and model of the vehicle are the primary factors in calculating a goods carrying vehicle insurance premium

Year of Manufacture

It is essential to determine a vehicle's manufacturing year in order to determine its IDV

Insured Declared Value

The Insured Declared Value (IDV) is the vehicle's current value. Essentially, it is the maximum amount the insurer will pay if the vehicle suffers a total loss in an accident

Types of Insurance

In India, third-party goods carrying vehicle insurance is mandatory. The premium for Third- Party goods carrying vehicle insurance depends on the vehicle's cubic capacity

Add-ons

Individuals can choose an add-on based on their needs. This adds to the cost of a standard goods carrying vehicle insurance policy

Benefits of Renewing Shriram Goods Carrying Vehicle Insurance Online

Benefits of Renewing Shriram Goods Carrying Vehicle
Insurance Online

Renewing your goods carrying vehicle insurance policy is quick and easy with Shriram General Insurance's digital platform. Online renewal of goods carrying vehicle insurance provides the following benefits:

  • Saves time and effort
  • No paperwork is required
  • Instant renewal
  • Earn No Claim Bonus
  • Prevent insurance break-ins

How to Save on your Shriram Goods Carrying Vehicle Insurance Premium?

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

01

Choosing Policy

Shriram General Insurance offers several types of goods carrying vehicle insurance policies . A comprehensive insurance policy for goods carrying vehicles is the smart option for protecting your vehicle

02

Selection of Add-ons

Add-ons should be purchased with care. However, choosing the right add-ons will ensure maximum coverage

03

Deductibles

Deductibles are out-of-pocket expenses that the insured must pay during a claim. Be sure to check the voluntary deductibles before you purchase a policy

04

Renewing On-time

Keeping your No Claim Bonus (NCB) intact requires renewing your insurance policy on time. Any break-in insurance will affect the NCB

05

Installing Anti-Theft Devices

Taking theft precautions, such as installing an anti-theft device (approved by ARAI), can result in affordable insurance premiums for goods-carrying vehicles


Frequently Asked Questions

What is a comprehensive insurance policy?

A comprehensive insurance policy protects your vehicle from unforeseen accidents like fire, theft, earthquakes and any third-party liability in terms of death, physical injuries and third-party property damage. It also has personal accident and legal liability cover for paid drivers/cleaners of the insured vehicle at an additional premium

What is the roadside assistance add-on cover?

Roadside assistance is additional coverage for instances where the insured gets stuck in the middle of the road with no way of getting help. The Shriram Goods Carrying Vehicle Insurance policy will ensure that the insured receives all emergency services such as medical assistance, towing, fuel arrangements, minor repairs, alternative transportation and so on

What our customers say ?

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Mr. Khalil, your Executive was very coperative. the overall experience was very good. Thank you.

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Blogs

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Exploring the Role of AI in Predictive Vehicle Maintenance

Posted on 2025-12-26 06:36:58

Car issues, such as transmission problems or suspension failures, can be costly to many drivers. They require expensive repairs or even complete replacements of high-end car parts. The only way you can minimise vehicle repair bills is by addressing a car issue before it snowballs into something big and complex. It is exactly what AI predictive vehicle maintenance does. Modern vehicles equipped with AI systems constantly gather data from multiple sensors to predict a component failure or other potential issues before they occur. Machine Learning (ML) algorithms help identify unusual patterns in car performance or components, and send alerts to drivers or authorised parties so that timely maintenance can be conducted. It not only reduces downtime but also makes your vehicle more secure and efficient. In this blog, you’ll explore AI vehicle maintenance in detail so you can upgrade your car maintenance routine.

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People purchasing cars from September 2025 onwards will benefit from the newly introduced GST rate cuts and the removal of cess on automobiles. Besides enjoying lower car prices, they will benefit from reduced GST on car insurance in the form of reduced premiums. Whenever tax reductions are announced for vehicles, automakers pass the benefit down to buyers by lowering car prices. As the car’s value decreases, so does the Insured Declared Value (IDV), which is the value used for the insurance calculation. This reduced IDV (the vehicle’s current market value) lowers the premium for the ‘own damage’ component of comprehensive car insurance policies, as it’s a proportion of the IDV. Since some insurers set premiums partly as a percentage of ex-showroom/IDV, the tax change flows through. In this blog, we’ve covered the impact of GST reforms on vehicle prices and insurance premiums in great depth.

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Car aerodynamics influences speed, safety, and fuel economy by changing how air flows around a moving car. It employs downforce to keep the automobile stable and safe at high speeds, and it reduces drag to let cars go faster. It also has optimised airflow to reduce energy loss and make better use of fuel. These combined effects make active aerodynamics essential in both everyday and high-performance models. This blog simplifies what aerodynamics means and how it influences your car’s speed, safety, and fuel efficiency.

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