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Overview
Features And Benefits
Third-Party Passenger Carrying Vehicle Insurance
Comprehensive Passenger Carrying Vehicle Insurance
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Renewal Benefits
IDV
NCB
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Types of Passenger Carrying Vehicle Insurance
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FAQs

What does Shriram Passenger Carrying Vehicle Insurance Cover?

What is Covered?
What is not Covered?

Loss or Damage to your Vehicle

The policy covers you against any loss or damage caused to the vehicle due to the following natural and man-made calamities

Natural Calamities

Fire, explosion, self-ignition or lightning, typhoon, hurricane, earthquakes, floods, storms, tempest, inundation, cyclones, hailstorm, frost, landslides or rockslides

Man-made Disasters

Riot, strike, malicious act, accident by external means, terrorist activity and other violent activities

Accidental Damages

Burglary, theft, any damage in transit by road, rail, inland waterway, lift, elevator or air

Third-Party Personal Liability

As per the legal proceedings, a third-party insurance policy provides unlimited coverage for death or injury to third-party vehicle owners caused by your vehicle

Third-Party Property Liability

If your vehicle causes third-party property damage, Shriram General Insurance will offer compensation of Rs.7,50,000/- as specified in the policy document

Accident due to External Factors

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

Vehicles Outside the Defined Territory

Loss or liability while the vehicle is used outside the scope of limitations of use or being driven by a person not duly licensed

Other Accidental Losses

Consequential loss, depreciation, wear and tear, mechanical and electrical breakdown/failure or breakages will not be covered by the passenger carrying vehicle insurance

Loss due to Nuclear/Radioactive Elements

CLosses connected to nuclear, radioactivity, war and related activities are not covered under this policy

Frequently Asked Questions

What are third-party losses?

The losses and damages caused by the passenger carrying vehicle to a third-party vehicle, property or person in the event of an accident or collision

Is Third-Party insurance providing full coverage?

Third-Party insurance does not provide financial compensation for any injuries or damage sustained by the insured or their vehicle in an accident for which they are at fault

Can Passenger Carrying Vehicle Insurance be transferred to a new owner?

Yes, Passenger Carrying Vehicle Insurance can be transferred to a new owner upon the sale of the vehicle, but the new owner will need to get the policy transferred in their name and update the policy details accordingly