Gray-Image
24*7 Claim Notifications

24*7 Claim Notifications

100% Paperless

100% Paperless

Best Claim settlement Awards 2022

Best Claim settlement Awards 2022

previous
  • Overview
  • Features And Benefits
  • Calculate Premium
  • Types of Personal Accident Insuance
  • Coverages
  • Compare Plan
  • Premium Components
  • Eligibility and Required Documents
  • Buy / Renew
  • Claim Process
  • Terminologies
  • Policy Download
  • FAQs
next

Understanding Premium Components for Personal Accident Insurance

The amount paid to an insurer when buying a policy is called a premium. The premium for Shriram Personal Accident Insurance is calculated based on several components, such as the sum insured, policy term, type of policy, age, occupation and annual income of the insured

Sum Insured

Sum Insured

Sum insured refers to the maximum amount payable in case of accidental death or permanent disability

Occupation

Occupation

Depending on their occupation risk, insureds are classified into several categories. Likewise, the occupation of the insured is one of the premium-determining factors for personal accident insurance

Annual Income

Annual Income

An insured’s annual income is generally used to calculate the sum insured for personal accident insurance

Add-ons

Add-ons

An insured’s annual income is generally used to calculate the sum insured for personal accident insurance

Age

Age

When calculating the premium for personal accident insurance, the age of the insured is also taken into consideration

Type of Policy

Type of Policy

One of the components of personal accident premiums includes the plan and coverages selected by the insured

Policy Term

Policy Term

Premiums will increase with a longer policy term. As the coverage period extends, the premium also increases

Frequently Asked Questions

What are the benefits of Shriram Personal Accident Insurance online?

  • Provides extensive worldwide claim coverage
  • Emergency financial assistance at the time of unfortunate events
  • Flexible policy plans and add-on covers
  • Ambulance expenses and death claim benefits are covered
  • Easy and hassle-free claim settlement process
  • 24*7 round-the-clock customer assistance

Mention the premium components of the Shriram Personal Accident Insurance?

The premium for Shriram Personal Accident Insurance is calculated based on several components, such as the sum insured, policy term, type of policy, age, occupation and annual income of the insured

Does the occupation of an individual is considered for premium calculation?

Yes. The occupation of the insured is one of the premium-determining factors for personal accident insurance. Depending on their occupation risk, insureds are classified into several categories

What our customers say ?

4.6

1753+ Customer Ratings

View all
customer

MARCUS MANOHAR PARKHE

Mr. Khalil, your Executive was very coperative. the overall experience was very good. Thank you.

customer

ANIL KUMAR HP

Good

customer

VAISHALI VAIBHAVKUMAR PANDYA

very good

customer

CHAUDHARI JASAVANTKUMAR

Good

customer

AKRAM KHAN

Good

left-arrowright-arrow
Quote

Blogs

The Role of AI in Car Insurance Claim Approvals

The Role of AI in Car Insurance Claim Approvals

Posted on 2025-12-15 06:26:02

Over 82% of insurance companies now use AI in claim processing, but have you wondered what it means for policyholders like you? Artificial Intelligence (AI) is redesigning the entire claim approval process so policyholders can benefit from faster and more accurate claim-related decisions. AI uses multiple mechanisms to streamline the entire process, from initial claim submission to the final payout. It uses computer vision, machine learning algorithms, etc., to automate the process. It not only reduces manual claim review time and human error, but also ensures faster approval of genuine claims. In this blog, we’ve highlighted AI’s role in car insurance claim approval processes.

The Role of Artificial Intelligence in Next-Gen Car Safety Systems

Posted on 2025-12-12 10:37:40

Artificial Intelligence (AI) is redefining what ‘safe driving’ means by powering next-gen car safety systems. It’s enabling car safety systems to predict, detect, and respond to potential road safety hazards with greater accuracy. Artificial Intelligence (AI) in cars can notably reduce accident instances, making driving experiences more secure. In this blog, you will find the role of AI in automotive safety and how it enhances secure driving experiences.

3D Printed Car Parts: A Game-Changer for Maintenance Costs

3D Printed Car Parts: A Game-Changer for Maintenance Costs

Posted on 2025-12-11 12:33:32

3D printed car parts are transforming car maintenance by facilitating quick and cost-effective production of on-demand spare parts. It’s bringing huge relief to people who own legacy or rare car models. In this blog, we have shared the role of 3D printing in automotive maintenance, 3D printing cost benefits, and other key aspects. You can use this information to understand how 3D printing is actually simplifying your car maintenance.

View all
Quick renewal Quick renewal
bimabharosa
Back to TopBack to top of the pageBack to top of the page

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.

Terms and Conditions |Refund and Cancellation© 2023 Shriram General Insurance. All rights reserved.