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 !.
24*7 Claim Notifications
Almost 100% Paperless
Best Claim settlement Awards 2022
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
Nil Pending Complaints
Over 60 Lakh
Happy Customers
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
Own Damage (OD) covers damages resulting from accidents, theft, fire, natural calamities and man-made disasters
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
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
The make and model of the vehicle are the primary factors in calculating a goods carrying vehicle insurance premium
It is essential to determine a vehicle's manufacturing year in order to determine its IDV
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
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
Individuals can choose an add-on based on their needs. This adds to the cost of a standard goods carrying vehicle insurance policy
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:
The factors mentioned here can help an insured save on their vehicle insurance premium
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
Add-ons should be purchased with care. However, choosing the right add-ons will ensure maximum coverage
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
Keeping your No Claim Bonus (NCB) intact requires renewing your insurance policy on time. Any break-in insurance will affect the NCB
Taking theft precautions, such as installing an anti-theft device (approved by ARAI), can result in affordable insurance premiums for goods-carrying vehicles
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
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
Inexpensive Premium
Affordable premium rates with nil commission fees
Paperless Process
A digital-friendly process with minimal paperwork
2800+ Cashless Garages
Direct claim settlement facility at special garages
Instant Claim Settlement
Hassle-free claim settlement at your fingertips
Extensive Add-on Covers
Enhanced protection through unique add-on covers
On-time Customer Support
Round-the-clock online customer assistance
An insured can claim the No Claim Bonus up to 90 days after the expiration of the previous policy. The No Claim Bonus is reduced to 0% if the policy is not renewed within 90 days and no benefit is transferred
Yes. The existing vehicle must be sold based on the NCB reserving letter issued by the existing insurer. By transferring the NCB reserving letter, you can take advantage of continuity benefits on the new vehicle
Shriram Goods Carrying Vehicle Insurance policy has Comprehensive and Third-Party Liability Insurance. Choose the preferred add-on or all of them at an additional premium for your additional safety with Shriram Goods Carrying Vehicle Insurance policy online
Types of Shriram Goods Carrying Vehicle Insurance
A comprehensive goods carrying vehicle insurance policy is the most preferred coverage option by the insureds. It provides the benefits of Third-Party (TP) coverage (coverage against third-party liabilities) and Own Damage coverage (covers damage/losses incurred to the vehicle owner/vehicle). With the Shriram Goods Carrying Vehicle Insurance policy, a Compulsory Personal Accident (CPA) cover of Rs. 15,00,000/- will always be included at an affordable premium
Coverage includes:
In India, a Third-Party (TP) goods carrying vehicle insurance policy is mandatory for all commercial goods carrying vehicles by Section 146 of the Motor Vehicles Act, 1988. A Third- Party (TP) liability goods carrying vehicle insurance policy protects the insured against third- party liabilities (opponent vehicle/property damage or injury/death to a third-party vehicle owner). If your vehicle causes “third-party” property damage, Shriram General Insurance will offer compensation up to Rs. 7,50,000/- as mentioned in the policy document. Unlimited Third-Party personal liability coverage will be provided to the third-party vehicle owners in case of death/injury caused by your vehicle, as per the legal provisions
Coverage includes:
In a nil depreciation goods carrying vehicle insurance policy, the insurer pays the entire claim amount without considering the depreciation of the vehicle's value. This add-on feature, on the other hand, is highly advisable for everyone because it eliminates the owner's additional
It is mandatory to have a Personal Accident Cover as per Government law. It provides coverage for any bodily injury or death of the owner-driver in case of any unfortunate events
In case of an accident or breakdown, Roadside Assistance cover will provide the ins ured with immediate assistance. It includes providing breakdown support, tyre repair service, battery assistance and towing facility to the nearest garage and more
In the event of an accident involving an insured vehicle, Shriram Goods Carrying Vehicle Insurance policy provides the insured with an advocate to guide and defend before the police and judicial magistrates
Yes. According to Section 146 of the Indian Motor Vehicles Act, 1988, it is mandatory to buy a Third-Party liability-only policy
The policy covers you against any loss or damage caused to the vehicle due to the following natural and man-made calamities
Fire, explosion, self-ignition or lightning, typhoon, hurricane, earthquakes, floods, storms, tempest, inundation, cyclones, hailstorm, frost, landslides or rockslides
Riots, strikes, malicious acts, terrorist activities, any violent activities are generally covered as man-made disasters
Burglary, theft, accidents by external means, any damage in transit by road, rails, inland waterways, lifts, elevators or air
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
In case your vehicle causes third-party property damage, the insurer will offer compensation up to Rs. 7,50,000/- for GCCV
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
Loss or liability while the vehicle is used outside the scope of its limitations of use or being driven by a person not duly licensed
Consequential loss, Depreciation, wear and tear, mechanical and electrical breakdown/failure or breakages will not be covered by Shriram Car Insurance policy
Loss connected to nuclear or radioactivity or war and related activities is not covered under this policy
Benefits and Coverage | Third-Party Coverage | Comprehensive Coverage |
|---|---|---|
Own-Damage to the vehicle due to an accident |  |  |
Own-Damage to the vehicle due to fire | | |
Own-Damage to the vehicle due to natural calamities | | |
Third-Party damage to the vehicle | | |
Third-Party damage to property | | |
Compulsory Personal Accident Cover | | |
Theft of the vehicle | | |
Cashless Claims | | |
No Claim Bonus (NCB) | | |
Riders/Add-ons | | |
A goods carrying vehicle insurance premium is an amount paid by an insured to an insurer for purchasing a policy. Shriram Goods Carrying Vehicle Insurance premium calculation will be based on various factors, such as the policy chosen, cover types, add-ons and policy period
According to the Indian Motor Vehicles Act, 1988, third-party liability insurance is mandatory in India. TP premiums are calculated based on the cubic capacity of the vehicle’s engine
It is a part of the premium, one pays to get coverage against various natural and man-made disasters. Each insurance company will have its own pricing for an Own Damage (OD) coverage premium
The government has made Personal Accident coverage mandatory for vehicle owners/drivers due to the rise in injury cases. Rs. 15 Lakh is the minimum sum insured for this cover
Add-ons are additional covers for the vehicle’s enhanced protection. The premiums depend on the type of add-on chosen by the insured. Some of the popular add-ons are Zero Depreciation cover, Motor Protection cover, Roadside Assistance, Engine and Tyre Protection cover.
Goods carrying vehicle insurance premiums cannot be paid in instalments. The premium for a commercial vehicle policy must be paid in advance by the insured
Any individual who is 18 years or above with a valid driving licence
The person must own a vehicle with an original RC to purchase Shriram Goods Carrying Vehicle Insurance online at ease
The complete buy/renew goods carrying vehicle insurance process is online and no paperwork is required. There is no need to upload a scanned copy of the documents to get their goods carrying vehicle insurance
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
Enter the basic details of the vehicle to estimate the premium payable
Provide the details of the vehicle owner and choose the suitable policy/add-on covers of your choice
Complete the online payment and get instant goods carrying vehicle insurance
Shriram Goods Carrying Vehicle Insurance policy online renewal is quick and stress-free. One can renew the insurance policy through 3 simple steps with minimal documentation
Check the given existing details of your vehicle with the original RC to estimate the renewal premium
Selection of new coverages along with your existing policy
Complete your online payment and renew the goods carrying vehicle insurance policy instantly
Renew your policy before the expiry of the existing policy. Renewing on time keeps the vehicle protected against risk without any break-ins. You can also benefit from a No Claim Bonus (NCB) for claim-free years (NCB) on the next policy renewal
With Shriram Goods Carrying Vehicle Insurance, your claim settlement process is stress-free now
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 Goods Carrying Vehicle Insurance claim process
Submission of the required documents (Registration certificate, duly signed claim form, goods receipt and other required documents) is mandatory to proceed with the claim process further
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
Visit the Shriram General Insurance website or MYSGI App or call at 1800-300-30000/1800- 103-3009 to register a claim. You will be contacted by our customer service team and guided throughout the goods carrying vehicle insurance claim process
Yes. Kindly login to our website/MYSGI app with the policy number to check your Shriram Goods Carrying Vehicle Insurance policy claim status
The vehicles are insured for a fixed sum known as the Insured Declared Value (IDV). IDV calculation is based on the manufacturer's listed selling price of the vehicle plus the listed price of any accessories (less depreciation for each year) according to the schedule specified by the Indian Motor Tariff IDV. Insured Declared Value is the current market value of the vehicle that starts depreciating when it comes out of the showroom. IDV is the compensation amount if the vehicle undergoes total loss or thef
No Claim Bonuses (NCBs) are offered to those insureds who do not make any claims during the policy term. With consecutive claim-free years, you can get NCB accordingly until it reaches up to 50%
Add-on provides enhanced protection for the insured vehicle at an additional premium. An insured can enhance the coverage benefits of their basic insurance policy by purchasing an add-on cover at an additional cost
The insured submits a claim to the insurer, requesting compensation for expenses incurred due to an unfortunate accident. It depends on the vehicle's Insured Declared Value (IDV) and the type of insurance policy purchased - Third-Party or Comprehensive. There are two ways to settle a claim: Cashless Claim and Reimbursement
Deductible is a payment that the insured has to make before the insurer covers the claim. There are two types of deductibles: compulsory and voluntary deductibles
Visit the SGI website/MYSGI App home page and scroll to the top to access your Shriram Goods Carrying Vehicle Insurance account
Enter your vehicle’s insurance policy number and click "Download" to get the policy document
Note: An insured can also receive Shriram Goods Carrying Vehicle Insurance policy document via email tooBuying goods carrying vehicle insurance policy online is easy, secure and fast. Some other benefits are:
The existing vehicle must be sold based on the NCB reserving letter issued by the existing insurer. Based on the NCB reserving letter, the benefit can be transferred to the new vehicle to ensure NCB continuity
Third-Party (TP) goods carrying vehicle insurance policy covers the third-party liabilities alone. Meanwhile comprehensive insurance covers the vehicle against any third-party liabilities and own damages to the vehicle
No. It is different depending upon the vehicle category
No. Shriram Goods Carrying Vehicle Insurance policy premium cannot be paid in instalments. The entire premium amount must be paid before the risk starts
Upon 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 a short timeframe (*T & C apply)
No, there is no such limit available. The insured can claim any amount from the insurer at any time within the policy period
The minimum validity of Shriram Goods Carrying Vehicle Insurance policy is 12 months. The maximum validity depends upon the policy period chosen at the time of purchase/renewal
Yes, you can submit a written request to the same office that issued the policy. A duplicate policy copy will be issued at a nominal cost
A person can only have one goods carrying vehicle insurance policy at a time. If he or she has two policies, they can cancel one of them and be refunded based on the double insurance status
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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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