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

microchips to market: understanding car shortage

Microchips to Market: Understanding the Global Car Shortage

Posted on 2025-06-13 12:55:33

The worldwide car shortage is more than simply a remote supply issue. It potentially affects the market for millions of automobile customers, thousands of dealers, and also the manufacturers in India.  The source of the issue? A worldwide automotive pipeline has been choked by a semiconductor crisis, resulting in increased prices, longer wait times for new automobiles, and a halt in vehicle technological advancements. This blog examines the causes of the crisis, its effects on India, and the potential restoration to normalcy.

true cost of car ownership beyond the purchase price

How to Calculate the True Cost of Car Ownership Beyond the Purchase Price

Posted on 2025-06-12 12:12:03

The worldwide car shortage is more than simply a remote supply issue. It potentially affects the market for millions of automobile customers, thousands of dealers, and also the manufacturers in India.  The source of the issue? A worldwide automotive pipeline has been choked by a semiconductor crisis, resulting in increased prices, longer wait times for new automobiles, and a halt in vehicle technological advancements. This blog examines the causes of the crisis, its effects on India, and the potential restoration to normalcy.

Car Subscription Services vs. Buying

Car Subscription Services vs. Buying: Which Option Makes More Sense?

Posted on 2025-06-11 12:20:44

In today's evolving automotive landscape, car subscription services are challenging the traditional notion of car ownership. With rising costs, changing lifestyles, and increasing urbanisation in India, many people are asking a key question: Should you subscribe to a car lease plan or buy one? The answer? It depends on your financial goals, lifestyle needs, and flexibility preferences. A car subscription might be ideal for short-term convenience, while car ownership could be better suited for long-term value. Let’s break down both options.

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.