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Overview
Features And Benefits
Third-Party Goods Carrying Vehicle
Insurance
Comprehensive Goods Carrying Vehicle Insurance
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Renewal Benefits
IDV
NCB
Deductibles
Types of Goods
Carrying Vehicle Insurance
Coverages
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Components
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and Required Documents
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Claim Process
Terminologies
Policy
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FAQs
Types of Shriram Goods Carrying Vehicle Insurance
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
Comprehensive 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:
Third-Party Injury or Death
Third-Party Property Damages
Accidental Damages
Natural Calamities
Man-made Disasters
Theft
Fire
Strike/Riot
Add-ons*
Third-Party Insurance
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
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
Personal Accident Cover
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
Roadside Assistance
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
Motor Protection
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
Frequently Asked Questions
Is a Third-Party (TP) insurance policy mandatory in
India?
Yes. According to Section 146 of the Indian Motor Vehicles Act, 1988, it
is mandatory to buy
a Third-Party liability-only policy