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  • Overview
  • Features And Benefits
  • Third-Party Passenger Carrying Vehicle Insurance
  • Comprehensive Passenger Carrying Vehicle Insurance
  • Calculate Premium
  • Save On Premium
  • Renewal Benefits
  • IDV
  • NCB
  • Deductibles
  • Types of Passenger 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 Passenger Carrying Vehicle Insurance Premium Components

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

Passenger 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

Passenger carrying vehicle Own-Damage Premium

Own-Damage Premium

OD premium is a part of the total policy premium, an insured pays to get coverage against various natural and man-made disasters

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 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

Frequently Asked Questions

Will the passenger carrying vehicle cover the passengers on board?

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

Mention some of the add-ons of Shriram Passenger Carrying Vehicle Insurance online?

  • Zero Depreciation
  • Motor Protection
  • Roadside Assistance
  • Return to Invoice

What are the factors that determine a Passenger Carrying Vehicle Insurance premium calculation?

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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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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