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  • 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
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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

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