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A passenger carrying vehicle insurance premium is an amount paid by the insured to an insurer for purchasing a policy. Shriram Passenger 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

OD premium is a part of the total policy premium, an insured pays to get coverage against various natural and man-made disasters
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 additional protection. The premiums depend on the type of add-on selected by the insured. Some of the popular add-ons are Zero Depreciation cover, Motor Protection cover, Roadside Assistance and Tyre Protection cover

No. Passenger carrying vehicle insurance protects only the vehicle and its owner-driver from damages/losses


Shriram Passenger Carrying Vehicle Insurance premium calculation is based on various factors, such as policy type, coverage, add-ons and policy period
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Home Charging vs Portable EV Charger: Which is Better?
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