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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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Shriram Goods Carrying Vehicle Insurance Premium Components

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

Goods carrying vehicle Third-Party (TP) Premium

Third-Party (TP) Premium

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

Goods carrying vehicle Own-Damage (OD) Premium

Own-Damage (OD) 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 its own pricing for an Own Damage (OD) coverage premium

Compulsory Personal Accident Cover

Compulsory Personal Accident Cover

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

Add-ons

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.


Frequently Asked Questions

Can I pay my goods carrying vehicle insurance premium in instalments?

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

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