24*7 Claim Notifications
Almost 100% Paperless
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Motor Insurance policy issued by the Insurance Regulatory and Development Authority of India (IRDAI) to cover vehicles on the road, including two-wheelers, four-wheelers and commercial vehicles
Nil Pending Complaints
Over 60 Lakh
Happy Customers
Shriram General Insurance offers two types of Motor Insurance Policies, Car Insurance and Two-Wheeler Insurance
Shriram Car Insurance policy protects your car from damage caused by unfavourable events, such as theft, accident and natural calamities
Benefits of Shriram Car Insurance
Shriram Two-Wheeler Insurance policy offers you an extra edge to protect the insured vehicle with a paperless process at your fingertips
Benefits of Shriram Two-Wheeler Insurance
Third-Party (TP) coverage is mandatory according to Section 146 of the Motor Vehicles Act, 1988. Third-party (opponent vehicle owner/pedestrian) motor insurance covers liabilities such as third-party vehicle/property damages and third-party injury
An Own Damage (OD) cover is focused on insuring your vehicle against damages such as accidents, theft, fire, natural calamities and man-made disasters
Comprehensive Coverage provides benefits of Third-Party and Own Damage cover along with Compulsory Personal Accident (CPA) add-on cover. With Shriram Comprehensive policy, choose suitable add-ons to enhance your coverage
The premium for Shriram Motor Insurance will be determined by various factors, including the type of vehicle, the model and variant, the year of manufacture, the 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 motor 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 total loss in an accident
In India, third-party motor insurance is mandatory. The premium for Third-Party motor insurance depends on the vehicle's cubic capacity. Depending on the insurance company you choose, the Comprehensive and Standalone Own Damage (OD) insurance premiums will vary
Individuals can choose an add-on based on their needs. This adds to the cost of a standard motor insurance policy
An insured can save on Own Damage (OD) premium during renewal if they have not claimed any own damages during the previous policy period
Shriram General Insurance's digital-friendly platform makes renewing vehicle insurance policies simple and easy. At the convenience of your fingertips, you can buy or renew motor insurance from anywhere. Online renewal has the following benefits:
The factors mentioned here can help an insured to save on their vehicle insurance premium
Shriram General Insurance offers several types of motor insurance policies. Choosing a comprehensive motor insurance policy is the smartest option to protect your vehicle
Consider your options carefully when purchasing add-ons. It is advisable to buy add-ons only when they are needed. But choosing necessary add-ons will result in maximum coverage
Deductibles are out-of-pocket expenses; the insured must pay them during a claim. Always have a check on voluntary deductible during a policy purchase
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 will affect the NCB
If you’ve taken special measures to keep your car from getting stolen, you have an opportunity to save on your motor insurance premium. Install an anti-theft device (approved by ARAI) on your vehicle to receive this benefit
No, the Third-Party (TP) liability motor insurance policy is mandatory as per Section 146 of the Indian Motor Vehicles Act, 1988. It protects the owner of the vehicle against third-party personal liability and property losses
A 24*7 RSA cover offers quick assistance to a vehicle owner if his/her vehicle breaks down or has a mechanical failure on the road or at home. It includes providing breakdown support over the phone, battery jump-start, tyre repair service, towing facility to the nearest network garage and so on
Pocket-friendly Premium
Affordable premium with minimal documentation
Superfast Claims
Easy and simple online claim settlement process
Roadside Assistance (RSA)
A 24*7 RSA cover offers quick online assistance
Extensive Add-on Options
Get overall coverage for your vehicle with exclusive add-ons
Comprehensive Plans
All-round protection with comprehensive insurance coverages
On-Time Claim Assistance
97% Motor Claim Settlement Ratio ensured
Insuring your vehicle with Shriram General Insurance is simple, easy and convenient
Shriram Motor Insurance policy has three types of insurance plans. They are Comprehensive, Standalone Own Damage (OD) and Third-Party (TP) insurance policies, depending on the scope of the coverage
Types of Shriram Motor Insurance
A Comprehensive Motor Insurance policy is the most preferred motor insurance coverage option. It provides the benefits of Third-Party (TP) coverage (coverage against third-party liabilities) and Own Damage coverage (covers damage/losses incurred to the insured and their vehicle). It also covers accidents, fire, natural disasters, man-made disasters (riots/strikes) and theft of the insured vehicle. With the Comprehensive Motor Insurance policy, Compulsory Personal Accident (CPA) cover of Rs. 15,00,000/- will always be included at an affordable premium
Coverage includes:
Standalone Own Damage (OD) motor insurance policy aids in protecting your vehicle from damages caused by unforeseen mishaps like accidents, theft, natural and man-made disasters. An OD insurance policy does not cover any third-party liabilities. Having an Own Damage motor insurance policy act as a safety shield for the insured vehicle. One can purchase Own Damage cover along with Compulsory Third-Party insurance and personal accident cover for an extensive protection
Coverage includes:
In India, Third-Party (TP) Motor Insurance is mandatory by law. A Third-Party (TP) liability motor insurance policy protects the insured against third-party liabilities. The policy provides coverage if your vehicle damages another person's vehicle/property or causes injury/death to a third-party vehicle owner. If your vehicle causes “third-party” property damage, Shriram General Insurance Company will offer compensation up to Rs. 1,00,000/- for two-wheelers and Rs. 7,50,000/- in the case of private cars. Unlimited third-party personal liability coverage will be provided, i.e. whatever the court awards as your liability to the third-party due to accidental death or injuries caused by your vehicle
Coverage includes
Choose any add-on or all of them at an additional premium for your additional safety with Shriram Motor Insurance policy
In case of accidental damage, an insured can claim the total cost of replacing vehicle parts if he/she owns a Zero Depreciation cover. There will be no deduction for depreciation on damaged vehicle parts
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
In case any motor accident arises out of the use of an insured vehicle, Shriram Motor Insurance policy will provide an advocate to guide or/and defend you from police and judicial magistrate proceedings only
Return to Invoice coverage allows an insured to receive compensation equal to the original invoice value of the vehicle (the vehicle's original purchase price), if the vehicle is stolen or suffers total loss
Personal belongings add-on cover helps with the loss of personal belongings from the locked vehicle, including vehicle accessories
During a vehicle breakdown, if an insured gets stuck in a risk-prone area such as highways and needs immediate alternate transport or hotel expenses, Shriram Motor Insurance’s Emergency Transport and Hotel Expenses cover will provide the necessary assistance
Keys are essential, but they might get misplaced or may be stolen at times. Here comes the Key Replacement add-on to save the insured at an additional cost
Coverage against any loss or damage caused to the vehicle due to the following natural and man-made calamities
Fire, explosions, self-ignition or lightning, earthquakes, floods, typhoons, hurricanes, storms, tempests, inundations, cyclones, hailstorms, frosts, landslides and 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
Unlimited life coverage, i.e. whatever the court awards as your liability to the third-party due to accidental death or injuries caused by the vehicle, will be met by the insurer
The insurer will compensate up to Rs. 100,000 for two-wheelers and Rs. 7,50,000 for private cars if your vehicle causes third-party property damage
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 limitations of use and/or being driven by a person not duly licensed
Loss connected to nuclear or radioactivity or war and related activities is not covered under this policy
Consequential loss, Depreciation, wear and tear, mechanical and electrical breakdown/failure or breakages will not be covered by Shriram Car Insurance policy
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
A compulsory deductible is an integral part of the claim amount where the insured must pay certain part of the claim. The compulsory deductible amount is decided by the IRDAI
| 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 | | |
Yes, any electrical and/or 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 vehicle after the purchase of the vehicle can be covered
A motor insurance premium is an amount paid by an insured to an insurer for purchasing a policy. Shriram Motor Insurance premium calculation will be based on various factors, such as the policy chosen, cover types, add-ons and policy period
The government of India has made third-party liability insurance mandatory. 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) premium
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 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
The Motor Insurance premium is based on:
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 Motor Insurance online at ease
The complete buy/renew motor insurance process is online and paperless. There is no need to upload a scanned copy of the documents to get their vehicle insurance
Yes. Individuals are required to register their new vehicle with their respective RTOs under Section 39 of the Motor Vehicles Act, 1988
You can instantly purchase a Shriram Motor 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 motor insurance
With Shriram General Insurance, online motor insurance renewal is quick and hassle-free. Renew your motor insurance policy through 3 simple steps without paperwork now
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 motor insurance policy
With Shriram General Insurance, the claim settlement process is stress-free now. One can file a claim immediately following an accident or vehicle theft
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 and you will be contacted by our customer service team and guided throughout the motor insurance claim process
You are requested to provide the details of the accident
Please provide the address for the primary vehicle inspection
Kindly provide the vehicle kilometre reading (distance travelled by a vehicle)
Kindly mention the date and time the accident took place
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
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 as soon as possible
No, you cannot pay the premium in instalments. As per section 64VB of the Insurance Act, 1938, a full insurance premium is taken before the risk starts
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 theft
A No Claim Bonus (NCB) is a offered to insured who did not make a single own damage claim during the policy period. You can get benefits accordingly when you do not file any OD claims and keeps increasing with consecutive claim-free years up to 50%
An add-on will provide additional protection to your insured vehicle at an additional charge for the entire policy period
Yes, all are the same. Bumper-to-Bumper Motor Vehicle Insurance covers all parts of the insured vehicle during an accident
This is written evidence of the agreed change to the policy. If the insured needs to buy more coverage or change the existing insurance policy, they can approach the insurance company to make the necessary changes through an endorsement
As long as the insured of the vehicle is same, the No Claim Bonus (NCB) is transferable. An NCB certificate from the existing insurer will be required to transfer the NCB to another vehicle. One can get the NCB transferred within 90 days of their previous policy expiration date
Note: The NCB cannot be transferred from one insured to another
Visit the SGI website/MYSGI App home page and scroll to the top to access your Shriram Motor Insurance account
Enter your vehicle’s insurance policy number and click "Download" to get the policy document
Note: An insured can also receive Shriram Motor Insurance policy document via emailThe benefits are:
Your Motor Insurance policy cover remains in force for 12 months from the date of commencement (or as otherwise shown on your policy schedule)
NCB is forfeited only if you file a claim within the policy period or fail to renew the Motor Insurance policy within 90 days of its expiration
Yes, the vehicle driving abroad can also be covered by taking the Geographical Extension Cover. They are 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)
Electrical and Electronic Accessories, Bi-fuel System (CNG/PNG Kit) and Personal Accident Cover
Third-Party (TP) motor insurance only covers other vehicles or property on the road. But Comprehensive Motor Insurance covers the vehicle against any damage caused to it depending on the add-ons availed while purchasing insurance for your vehicle
A zero depreciation add-on cover can be availed for brand new vehicles and also can be opted for at the time of policy renewal. In a zero depreciation motor insurance policy, the entire claim amount is paid by the insurance company without considering the depreciation on the value of the vehicle
No. the premium calculation is different depending upon the vehicle category
In this scenario, the policy will be cancelled and will be declared nullified. If a claim is reported after a policy issue and cheque dishonour, the claim will be denied
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 seven working days (*T & C apply)
No, there is no such limit available. The insured can claim any amount up to the Insured Declared Value (IDV) of the vehicle from the insurer, at any time within the policy period
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
No, a person can have only one insurance policy for a vehicle at a time. If he/she has two policies, they can cancel one of them and the applicable refunds will be processed considering 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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