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  • Overview
  • Features And Benefits
  • Types of Shriram Two-Wheeler Insurance
  • Coverages
  • Compare Plan
  • Premium Components
  • Eligibility and Required Documents
  • Buy / Renew
  • Claim Process
  • Terminologies
  • Policy Download
  • FAQs
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A two-wheeler insurance policy protects bike owners against unforeseen expenses in the event of an accident, theft, natural and man-made disasters

  • A Third-Party (TP) two-wheeler insurance policy is mandatory in India under Section 146 of the Motor Vehicles Act, 1988
  • A two-wheeler insurance policy protects the vehicle and the vehicle owner against third-party liability, thefts, natural disasters and vandalism
  • Shriram Two-Wheeler Insurance policy online provides various coverages such as Third-Party coverage, Own Damage coverage and Comprehensive coverage
  • Comprehensive coverage provides coverage for third-party and own damage liabilities of the insured two-wheeler and vehicle owner
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What is two wheeler Insurance?
Nil Pending Complaints

Nil Pending Complaints

Over 60 Lakh Happy Customers

Over 60 Lakh
Happy Customers

Why Choose Shriram Two-Wheeler Insurance?

Why Choose Shriram Two-Wheeler Insurance?

  • Shriram General Insurance offers you the convenience of buying, renewing and claiming of two-wheeler insurance online anytime and anywhere
  • Choose the right coverage, check the premiums, customise the policy and get it done within minutes. Our digital process makes your two-wheeler insurance journey easy and stress-free
  • Shriram Two-Wheeler Insurance policy provides coverage against various natural and man-made disasters at the convenience of your fingertips
  • We keep the claim process simple to ensure timely claim settlement. Shriram General Insurance provides 24*7 customer assistance for all your insurance requirements
Read More

Shriram Two-Wheeler Insurance Coverages

Third-Party Coverage

Third-Party Coverage

Third-Party coverage is mandatory according to Section 146 of the Motor Vehicles Act, 1988. The TP policy only covers the third-party liabilities (vehicle & injury to the opponent vehicle owner).

Own Damage Coverage

Own Damage Coverage

An Own Damage (OD) cover is focused on insuring your vehicle against damages arising from accidents, calamities and so on

Comprehensive Coverage

Comprehensive Coverage

A Comprehensive Coverage provides benefits of Third-Party cover and Own Damage cover. With Shriram Comprehensive policy, choose add-ons to enhance your coverage

How to Calculate Shriram Two-Wheeler Insurance Premium?

Shriram Two-Wheeler Insurance premiums are determined by variables such as vehicle make, model/variant, year of manufacture, Insured Declared Value (IDV), insurance plan opted and add-on coverages

Make and Model

Two-wheeler insurance premiums are calculated based on the make and model of the vehicle

Year of Manufacture

The manufacturing year of the vehicle is an essential factor in determining the IDV of the vehicle

Insured Declared Value

The Insured Declared Value (IDV) represents the vehicle's current value. IDV is the maximum amount the insurer will pay in the event of a total loss

Type of Insurance

In India, two-wheeler insurance is mandatory. The premium for Third-Party two-wheeler insurance is determined by the bike's cubic capacity. Two-wheeler stand-alone own damage insurance premiums differ from company to company

Add-ons

Add-ons can be selected based on individual needs. The total premium paid will be the sum of the basic policy and add-ons

No Claim Bonus

An insured who has not claimed their own damages for the previous policy period can get a Own Damage premium

Benefits of Renewing Shriram Two-Wheeler Insurance Online

Benefits of Renewing Shriram Two-Wheeler
Insurance Online

With Shriram General Insurance's digital-friendly platform, renewing a bike insurance policy is simple and easy. With just a few clicks, one can purchase or renew their two-wheeler insurance anywhere, anytime. Online renewal offers the following benefits:

  • Paperless process
  • Avoid legal penalties
  • Quick on-spot renewal
  • Avail No Claim Bonus
  • Insurance break-ins can be avoided

How to Save on your Shriram Two-Wheeler Insurance Premium?

There are several ways to save the cost of your two-wheeler insurance premiums. By taking these factors into consideration, individuals can save on their spending on two-wheeler insurance premiums

01

Policy Type

Shriram General Insurance offers various two-wheeler insurance plans. It is up to the insured whether to protect their vehicle with third-party insurance or comprehensive insurance. But it is advisable to get comprehensive two-wheeler insurance policy for better coverage

02

Selection of Add-ons

Make sure you are cautious when purchasing add-ons. It is recommended to buy add-ons only if they are needed. Adding random add-ons to a two-wheeler insurance policy will increase the premiums

03

Deductibles

A deductible is the amount of money you must pay out of pocket toward a claim before your insurance company will cover the rest. The higher your deductible, the lower your premium, but also keep in mind one has to be prepared to pay more out of pocket during a claim

04

No Claim Bonus

If you have never claimed any own damages from your insurance company in the previous policy period, you are capable of getting a No Claim Bonus on Own-Damage premium during policy renewal


Frequently Asked Questions

Why Two-Wheeler Insurance is required?

According to Section 146 of the Motor Vehicles Act, 1988, it is mandatory to get a Third-Party (TP) two-wheeler insurance cover. Comprehensive Insurance provides coverage for Own Damage and Third-Party damages due to unforeseen disasters

When should I renew my Two-Wheeler Insurance?

Renew your policy before the expiry of the existing policy. Renewing on time keeps your vehicle protected against risk without any break-ins. You can also benefit from a No Claim Bonus (NCB) for claim-free years on your Own Damage premium

How are my accidental hospital expenses covered by the insurance policies?

To reimburse personal accident hospital expenses, you must take Compulsory Personal Accident (CPA) cover. One can buy CPA coverage along with the standard insurance policy for additional cost

What happens if my bike insurance expires?

If your bike insurance policy expires, you will no longer be protected against any damages, losses, or liabilities that may arise due to accidents, theft, or other unforeseen events. In case of an accident or damage to your bike during the period of non-coverage, you will have to bear the repair costs and any other liabilities that may arise.

What is the validity period of bike insurance?

In September 2018, the Supreme Court ordered IRDAI to mandate 5-year insurance coverage for all new two-wheelers. The objective is to ensure maximum two-wheeler insurance coverage and to reduce the number of lapsed, expired, and uninsured vehicles. It is important to note that TP bike insurance coverage is only required for 5 years.

Why bike insurance is important?

A bike insurance policy keeps an individual from incurring unforeseen expenses in the event of an accident or theft. When an accident occurs, a third-party bike insurance policy helps pay for the damages to the other vehicle involved in the accident (the third party).

How many times can we use bike insurance?

There are no restrictions on the number of claims you can submit in a year. It is important to remember that raising a claim once will affect the No Claim Bonus (NCB), and multiple claims within the same policy year will increase the premiums.

How to save money on two-wheeler insurance?

There are several ways to save money on two-wheeler insurance. The first step is to compare insurance policies from different insurers and choose the one with the most coverage at the lowest premium. Another advantage is that long-term policies are affordable. The premium amount can also be reduced by installing anti-theft devices.

Do we need insurance for second hand bikes?

Yes. Under the Motor Vehicles Act, 1988, you must have a third-party bike insurance before riding a two-wheeler

what is the minimum cost of bike insurance?

Insurance policies for bikes cost between Rs 1,001 and Rs 5,000 on average in India.

What is the grace period for two-wheeler insurance?

Grace period is a 30-day extension given to policyholders after their policies expire. Some insurers even offer longer periods so that you can renew your two-wheeler insurance without any stress.

What is add-on in two-wheeler insurance?

Add-on coverage is an option for extending coverage of a standard two-wheeler insurance policy against the payment of an additional premium. It is possible to purchase these add-ons with comprehensive bike insurance plans and standalone own-damage bike insurance plans.

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Middlemen-free Process

Middlemen-free Process

Get affordable premiums with zero commission charges

24*7 Roadside Assistance

24*7 Roadside Assistance

Emergency assistance to the insured (i.e., breakdown, minor repairs, refueling)

Quick Renewal

Quick Renewal

Renew Shriram Two-Wheeler Insurance policy any time from the comfort of your home

Stress-free Claims

Stress-free Claims

Quick claim notification and timely claim settlement for a hassle-free claim process

No Claim Bonus

No Claim Bonus

Get No Claim Bonus (NCB) on your Own Damage insurance premium

Secured Payments

Secured Payments

Choose the preferred payment method (i.e., Debit Card, Credit Card or Net Banking)

Benefits of Shriram Two-Wheeler Insurance

Insuring your vehicle with Shriram General Insurance is simple, instant and effortless

Premium

  • Starting from ₹ 482* (* The premium excluding GST for Third-Party (TP) liability cover only)

No Claim Bonus

  • Avail maximum benefits on Own Damage premium

Add-ons

  • Nil Depreciation & Roadside Assistance

Claim Process

  • Hassle-free claim process

Own Damage Cover

  • Available

Damages to Third-party

  • Available
Features of Shriram Two-Wheeler Insurance

Frequently Asked Questions

What are the benefits of opting for different add-on covers?

An insured can enhance the benefits of a Shriram Comprehensive Two-Wheeler Insurance policy by opting for add-ons. An add-on cover will give the extra advantage to the insured for an additional premium. Some of the add-ons are Motor Protection, Zero Depreciation and Consumables

what are the key benefits of two-wheeler insurance?

Two-wheeler insurance provides key benefits to policyholders, including financial protection in the event of accidents, theft, or damage to the vehicle. In addition, most policies offer coverage for third-party liability, which can protect policyholders from legal and financial liabilities resulting from accidents involving their vehicle.

what are the benefits of buying a two-wheeler insurance online?

When buying two-wheeler insurance online, you can compare policies from multiple insurers to find the best coverage at the lowest cost. Online purchases are also convenient and save time, as you can buy insurance from the comfort of your home.

Basic Guide to Understanding Two-Wheeler Insurance Depreciation

Two-wheeler insurance depreciation is the decrease in the value of the bike over time due to wear and tear. It is an important factor in determining the amount of compensation you will receive in case of a claim.

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The scope of coverage of a Two-Wheeler Insurance policy will differ based on their chosen options. They are Comprehensive, Standalone Own Damage and Third-Party insurance policy

Types of Shriram Two-Wheeler Insurance

Third-Party Insurance

Third-Party Insurance

In India, it is mandatory to carry Third-Party Two-Wheeler Insurance according to Section 146 of the Motor Vehicles Act, 1988. A Third-Party (TP) two-wheeler insurance protects the bike owner from third-party liabilities. The Shriram Two-Wheeler Insurance policy provides coverage if your vehicle damages another person's vehicle/property or causes injury/death to another person. In case your vehicle causes third-party property damage, Shriram General Insurance Company will offer compensation up to Rs. 100,000/- for Two-Wheelers. And also provides unlimited personal liability coverage, i.e. whatever the court awards as the liability to the third-party due to accidental death or injuries caused by the insured vehicle

Coverage includes

  • Third-Party Injury or Death
  • Third-Party Property Damages
Standalone Own Damage Insurance

Standalone Own Damage Insurance

Shriram Standalone Own Damage (OD) insurance policy aids in protecting your two-wheeler from damages due to various unforeseen mishaps like accidents, theft, natural and man-made disasters. A Standalone Own Damage insurance policy covers the vehicle owner and his vehicle from such damages. It does not cover any third-party liabilities arising due to an accident. Hence, Third-Party two-wheeler insurance policy is mandatory before purchasing a Standalone Own Damage insurance policy

Coverage includes:

    • Accidental Damages
    • Natural Calamities
    • Man-made Disasters
    • Theft
    • Fire
    • Strike/Riot
    • Add-ons*
Comprehensive Insurance

Comprehensive Insurance

All of the coverage provided by Third-Party and Own Damage cover (damage/losses to your two-wheeler) are included in Comprehensive Two-Wheeler Insurance. Compulsory Personal Accident (CPA) coverage of Rs. 15 Lakh is always included with Shriram Comprehensive Two-Wheeler Insurance policy. A comprehensive insurance policy provides coverage for third-party liabilities and own damage accidents like theft of the insured bike, accidental damage, fire damage, natural calamities (such as floods, storms and earthquakes) and man-made disasters (such as riots and strike)

    • Third-Party Injury or Death
    • Third-Party Property Damages
    • Accidental Damages
    • Natural Calamities
    • Man-made Disasters
    • Theft
    • Fire
    • Strike/Riot
    • Add-ons*

Long-Term Two-Wheeler Insurance

As per the latest circular by the IRDAI, on 1st September 2018, after honourable Supreme Court order, it is mandatory to have five years insurance policy for a new two-wheeler in India. At Shriram, a Long-term Two-Wheeler Insurance policy is available to cover your two-wheeler for two years, three years and five years in one go. The ideal reason is to combat the non-renewal of two-wheelers and encourage people to buy or renew mandatory Two-Wheeler Insurance (TP liability policy) on time. Though, Two-Wheeler Insurance for three years is not compulsory for older vehicles. Still, investing in Long-term Insurance cover is a wise choice because it offers multiple benefits on the two-wheeler insurance policy premium. Also, it helps defend the yearly increases in third-party premiums

Benefits of Long-Term Two-Wheeler Insurance

if you are one of those who skips renewing the bike insurance policy on time, a Long-Term Two-Wheeler Insurance policy is the right choice for you

  • Most Convenient Process
  • Dismiss Yearly Renewal
  • Avoid Non-Renewal Risks
  • NCB on Own Damage Premium
  • Saves Money and Time
Benefits of Long-Term Two-Wheeler Insurance

Shriram Two-Wheeler Insurance Add-on Covers

Choose any add-on or all of them at an additional premium for additional protection

Personal Accident Cover

Personal Accident Cover

It is mandatory to have a Personal Accident Cover as per Indian law. It provides coverage for any bodily injury or death of the owner-driver in case of unfortunate events

Roadside Assistance

Roadside Assistance

In case of an accident or breakdown, Roadside Assistance cover will provide the insured with immediate assistance. It includes providing vehicle breakdown support to the insured, tyre repair service, battery jump-start assistance and towing facility to the nearest garage

PA Cover for Passengers (Unnamed Persons)

PA Cover for Passengers (Unnamed Persons)

A PA Passenger Cover provides additional coverage at an additional premium. It protects your co-rider when they are met with any unforeseen accidents on the road

Motor Protection

Motor Protection

In the event of a two-wheeler accident involving an insured vehicle, Shriram Two-Wheeler Insurance policy provides the insured with an advocate to guide and defend before the police and judicial magistrates

Hospital Daily Cash Allowance

Hospital Daily Cash Allowance

In case of any accidental injury involving an insured vehicle leading to hospitalisation as an inpatient, we will pay an amount of Rs. 1500/- daily for a maximum of up to 30 days (T&C apply). The reimbursement can be claimed post-discharge from the hospital by submitting the required documents

Cover for Loss of Driving License and Registration Certificate

Cover for Loss of Driving License and
Registration Certificate

If the insured loses their official driving license (DL) or registration certificate (RC) or both, we will provide compensation of up to Rs. 500/- or actual costs, whichever is lower, to get a duplicate copy of the DL/RC

Daily Expenses Reimbursement

Daily Expenses Reimbursement

The insured will get daily expense reimbursement as mentioned in the policy to meet the cost of hired transport when the vehicle is damaged. This is applicable when the insured vehicle must be laid up in an authorised garage/service station for repairs of accidental damages for more than three day

Personal Belongings Cover

Personal Belongings Cover

In the event of a loss or damage to the personal belongings, you will be compensated for the loss with the support of personal belongings add-on cover.


Frequently Asked Questions

What are the benefits of opting add-on cover?

One can enhance the benefits of a Shriram Comprehensive Two-Wheeler Insurance policy by purchasing add-ons. An add-on cover will give maximum coverage to the insured for an additional premium. Some of the add-ons are Motor Protection, PA for Unnamed Persons and Zero Depreciation

What is 1 year comprehensive bike insurance?

A comprehensive bike insurance policy for one year covers both third-party liabilities and own damage to the insured bike. Accidents, theft, natural disasters, and man-made calamities are covered by the policy.

What is comprehensive and 3rd party insurance for bike?

The Comprehensive policy covers third-party liability and any damages caused to the insured bike as a result of accidents, theft, natural disasters, and man-made calamities. A Third-Party policy, however, covers only third-party liabilities, such as property damage, bodily injury, and death resulting from an accident.

What is a standalone own-damage two wheeler insurance policy?

Own-damage two-wheeler insurance covers only your bike's own damages, such as those caused by accidents, theft, natural disasters, and man-made catastrophes.

What is third-party two wheeler insurance, and how is it different from comprehensive insurance?

Typical Comprehensive policies cover both third-party liabilities and damage to the insured bike caused by accidents, theft, natural disasters, and man-made calamities. A Third-Party policy covers only the liability of third parties, including property damage, bodily injury, or death resulting from an accident with the insured bike.

What are the different types of two wheeler insurance policies available?

Two-wheeler insurance policies can be classified into three types:

  • Standalone Own Damage
  • Third-Party Insurance
  • Comprehensive Insurance
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  • What is Covered?
  • What is not Covered?
01

Loss or Damage to your Vehicle

The policy covers you against any loss or damage caused to the vehicle due to the following natural and man-made calamities

02

Natural Calamities

Fire, explosion, self-ignition or lightning, earthquakes, floods, typhoon, hurricane, storms, tempest, inundation, cyclones, hailstorm, frost, landslides or rockslides

03

Man-made Disasters

Riot, strike, malicious act, accident by external means, terrorist activity and other violent activities

04

Accidental Damages

Burglary, theft, any damage in transit by road, rail, inland waterway, lift, elevator or air

05

Third-Party Personal Liability

Unlimited liability coverage, i.e. whatever the court awards as your liability to the third-party vehicle owner due to accidental death or injuries caused by your vehicle, will be met by the insurer

06

Third-Party Property Liability

In case your vehicle causes third-party property damage, the insurer will offer compensation up to Rs. 100,000/- for two-wheelers

01

Accident due to External Factors

Accidental loss or damage to the insured or any person driving with the knowledge and consent of the insured under the influence of intoxicating liquor or drugs or wilful negligence

02

Vehicles Outside the Defined Territory

Loss or liability while the vehicle is used outside the scope of limitations of use and/or being driven by a person not duly licensed

03

Loss due to Nuclear/Radioactive Elements

Loss connected to nuclear or radioactivity or war and related activities is not covered under this policy

04

Other Damages

Consequential loss, depreciation, wear & tear, mechanical and electrical breakdown/failure or breakages will not be covered by the Shriram Two-Wheeler Insurance


Frequently Asked Questions

Can a pillion driver be covered under a comprehensive/package two-wheeler insurance policy?

The pillion rider is not covered under a comprehensive two-wheeler policy, but you can get Pillion Cover by paying an additional premium. The Sum Insured can range from Rs. 10000/- to Rs. 200000/- (in multiples of 10000 only)

How does Third-Party (TP) two-wheeler insurance cover work?

A Third-Party two-wheeler insurance policy protects the insured from legal liability, including death/bodily injury to a third party or damage to their property

what are the risks covered by a comprehensive two-wheeler policy?

A comprehensive two-wheeler insurance policy in India covers various risks such as accidental damage, theft, natural disasters like floods, earthquakes, storms, and man-made disasters like riots, strikes, etc. It also covers third-party liability for bodily injury, death, and property damage caused by the insured vehicle.

Does insurance cover bike damage?

Yes, bike damage is typically covered by insurance, provided it is caused by a covered peril such as an accident, theft, or natural calamities.

what all is included in bike insurance?

There are three types of bike insurance in India: third-party liability, comprehensive coverage, and own damage coverage.

Does bike insurance cover engine repair?

Comprehensive motorcycle insurance plans exclude coverage for the engine of the vehicle, so if an unfortunate mishap occurs, you will be faced with unexpected expenses. An engine protection cover for bikes will protect you if you incur repair/replacement costs due to lubricant leakage, water intrusion or hydrostatic lock.

Does own damage cover theft?

The purpose of own damage coverage is to cover any losses sustained by the insured car due to unforeseen events, such as accidents, earthquakes, theft, riots, fire, etc.

Does personal accident cover bike insurance?

Personal accident insurance for two-wheelers provides compensation for accidents and deaths to the vehicle owner or dependents.

What are deductibles in Two-Wheeler Insurance?

A deductible refers to the fixed amount of money that you must pay out of pocket for each claim before your insurance provider covers the remaining expenses.

Does comprehensive two-wheeler insurance provide full coverage?

Comprehensive coverage typically includes damages caused by accidents, natural disasters, theft, fire, riots, and third-party liability.

Shriram Two-Wheeler Insurance Comparison

Benefits and Coverage Third-Party Insurance Comprehensive Insurance

Own damage to two-wheelers due to an accident

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Own damage to two-wheelers due to fire

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Own damage to two-wheelers due to natural calamities

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Third-Party damage to the vehicle

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Third-Party damage to property

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Compulsory Personal Accident (CPA) Cover

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Theft of the two-wheeler

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No Claim Bonus (NCB)

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Add-ons

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Frequently Asked Questions

What are the benefits of buying Two-Wheeler Insurance online?

The major advantage of buying a two-wheeler insurance policy online include:

  • Purchase a Two-Wheeler Insurance policy online at your convenience without any third-party intervention
  • Zero Commission Charges
  • Saves time and effort

which is best own damage or comprehensive?

Despite being slightly more expensive, Comprehensive coverage covers more expenses during unforeseen events. Own Damage is ideal for people seeking a cost-effective policy that will not pinch their pocket, but still insure their bike in the event of damage.

How do I compare the premium rates of two wheeler insurance policies?

To compare premium rates of two-wheeler insurance policies, you can visit the websites of different insurance providers and enter the details of your vehicle and coverage requirements. This will give you a premium quote for each policy. You can also use online insurance comparison portals to get premium quotes from multiple providers at once.

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A premium is a payment made to an insurer for the purchase of a policy. Shriram Two-Wheeler Insurance premium will be calculated based on various factors, such as the policy chosen, cover types, add-ons and policy period

Third-Party (TP) Premium

Third-Party (TP) Premium

Third-party liability insurance is mandatory in India. Bike insurance premiums are calculated based on the engine's cubic capacity and IDV

Own Damage (OD) Premium

Own Damage (OD) Premium

Own Damage premium is paid to get coverage against various natural and man-made disasters. The Own Damage premium will vary from company to company

Compulsory Personal Accident Cover

Compulsory Personal Accident Cover

As two-wheeler accident cases rise, the government has made Personal Accident coverage mandatory. The minimum sum insured for risk coverage is Rs.15 lakh

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Add-ons

Add-ons

A vehicle add-on provides enhanced protection for the vehicle. Premiums are determined by the type of add-on selected by the insured. Some of the add-ons are zero depreciation cover, motor protection cover, engine and roadside assistance


Frequently Asked Questions

What are the factors determining the two-wheeler insurance premium?

The two-wheeler's IDV (Insured Declared Value), its age (if it's a used vehicle), zone/city of registration, engine cubic capacity, previous year's claim status and no-claim bonus status

What is personal accident cover in bike insurance?

Personal Accident Cover is an optional add-on cover that can be included in a bike insurance policy to provide financial assistance in case of accidental injury or death of the policyholder while riding the insured bike.

Is it possible to pay my two wheeler insurance premium in installments?

Currently, there is no provision for paying car insurance premiums in installments.

What happens if I miss paying my two wheeler insurance premium on time?

If you do not renew your two-wheeler insurance policy on time, it will lapse. Non-renewal of the policy also results in the loss of NCB (No Claim Bonus).

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01

Any individual who is 18 years or above with a valid driving licence

02

The person must own a vehicle with an original RC to purchase Shriram Two-Wheeler Insurance online at ease

03

The process is completely paperless and there is no need to upload a scanned copy of the documents to get your bike insurance

Documents Required for Two-Wheeler Insurance Claims

  • Registration Certificate with Fitness Certificate
  • Driving License
  • Insurance copy (Optional)
  • Claim Form duly filled and signed
  • Estimate, Bills, Payment receipt and Discharge Voucher
  • Signature ID proof (Insured)
  • Customer's bank details with a cancelled cheque for claim payment through (NEFT)
  • Customer's bank details with a cancelled cheque (Where the Premium is greater than 25,000/-)
  • FIR (If filed or required)

Others (If required by the claims team correlating with the vehicle type and severity of the accident

Documents Required for Two-Wheeler Insurance Claims

Frequently Asked Questions

Can I drive my vehicle without a bike insurance policy?

No. The Third-Party (TP) liability policy is a mandatory requirement as per Section 146 of the Indian Motor Vehicles Act, 1988. Shriram Two-Wheeler Insurance policy covers the liability of the owner of the vehicle against Third-Party damages

what documents are needed for 2 wheeler insurance?

A vehicle registration certificate, a driver's license, and an identity proof such as PAN Card, passport or Aadhar card may be required. In addition, you may need to provide proof of your address, such as a utility bill or rent agreement, as well as a passport-sized photo.

Is it mandatory to have a driver's license to be eligible for two-wheeler insurance?

Yes, it is mandatory to have a valid driver's license to be eligible for two-wheeler insurance in India. As per the Motor Vehicles Act, 1988, it is illegal to ride a two-wheeler without a valid license.

What is the minimum age requirement for purchasing two-wheeler insurance?

To purchase two-wheeler insurance, policyholders must be at least 18 years old.

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  • Buy Shriram Bike Insurance Online
  • Renew Shriram Bike Insurance Online

You can instantly purchase a Shriram Two-Wheeler Insurance policy online via 3 simple steps on our website/MySGI App/call our toll-free number ( 1800-300-3000/ 1800-103-3009) at your convenience

1

Provide the basic details to estimate the premium

  • Registration Number & Mobile Number
  • Details of Two-Wheeler Manufacturer & Model
  • Year of Manufacture
2

Enter basic details of the vehicle owner and choose the policy cover and add-ons

  • Kindly provide your Name, Email ID and Address
  • Choose the policy that fits your requirements along with the necessary add-ons to protect your two-wheeler
3

Complete your online payment & get instant two-wheeler insurance

  • Kindly complete the online payment by selecting the preferred payment method (Debit Card, Credit Card, Net Banking) on the go and get your Shriram Two-Wheeler Insurance policy

With Shriram General Insurance, online Two-Wheeler Insurance renewal is quick and hassle-free. You can renew your insurance policy through three simple steps without paperwork.

1

Check the given existing details of your two-wheeler with the original RC to estimate the renewal premium

  • Details of Two-Wheeler Manufacturer & Model
  • Registration Number & State
  • Year of Manufacture
  • Previous Insurance Policy Details
  • Change of Ownership Documents (if applicable)
2

Selection of new coverages along with your existing policy

  • Select the policy that fits your requirements along with the necessary add-ons to protect your two-wheeler
3

Complete your online payment & renew the two-wheeler insurance policy

  • Kindly complete the online payment by selecting the preferred payment method (Debit Card, Credit Card, Net Banking, Cheque) on the go and get your Shriram Two-Wheeler Insurance policy renewed

Frequently Asked Questions

What are the modes available to pay the Shriram Two-Wheeler Insurance policy premium?

    Modes available currently are as follows:

  • Cash
  • Internet Banking
  • Debit Card
  • Credit Card

Can bike insurance be renewed online?

    Yes, Shriram's bike insurance can be renewed online. Customers can renew their policies without visiting our physical branch. To renew bike insurance, customers can visit https://www.shriramgi.com/two-wheeler-insurance/how-to-apply-or-renew or the My SGI App.

    You can renew your insurance policy in three simple steps:

  • Check the existing details of your two-wheeler with the original RC to estimate the renewal premium
  • Select new coverages for your existing policy
  • Complete your online payment & renew the two-wheeler insurance policy

How do I renew my bike policy?

You can renew your policy by visiting the Shriram General Insurance website. You will need to provide personal information and policy details. Alternatively, contact your insurance company's customer support agents via phone or email to renew your policy. We also offer renewal options through our Shriram One mobile app. Make sure to check your policy renewal date to avoid lapses in coverage.

How can I buy a Two-Wheeler Insurance policy online?

    You can buy a Two-Wheeler Insurance policy online on Shriram General Insurance by following these simple steps:

  • Visit https://www.shriramgi.com/two-wheeler-insurance/how-to-apply-or-renew
  • Enter your bike registration and mobile number
  • Enter the necessary details such as your bike's make and model, registration number, and previous insurance details, if any.
  • Select the coverage options that suit your requirements.
  • Review the policy details and premium amount.
  • Make the payment online using your preferred payment method.
  • Once the payment is made, the policy will be issued instantly, and a copy will be sent to your registered email ID.
  • Alternatively, you can also call the Shriram General Insurance customer care number at 1800-300-30000 for any assistance.

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With Shriram General Insurance, your claim settlement process is stress-free now

Get your Shriram Two-Wheeler Insurance Claim Settlement in 3 Simple Steps

  • Step 1
  • Step 2
  • Step 3
Register your Claim

Register your Claim

  • You can file a claim online at the Shriram General Insurance website or over the phone at 1800-300-30000/1800-103-3009 or through the MYSGI App. You will be contacted by our customer service team and guided through the entire insurance claim process

Submit the Required Documents

Submit the Required Documents

  • Engine and Chassis Number

    • An engine number will always be specified on the vehicle's engine
    • The last 6-digits of the VIN (Vehicle Identification Number) are the unique serial number of the two-wheeler, known as chassis number
  • Police Complaint

    • In a police complaint, the complainant describes the facts and incident to the police
    • An FIR report is made after a formal complaint is made
  • Description and location of the accident

    You are requested to provide the details of the accident

  • Two-wheeler Inspection Address

    Please provide the address for the primary two-wheeler inspection

  • Vehicle's Kilometre Reading

    Kindly provide the vehicle kilometre reading (distance travelled by a vehicle)

  • Accident Date and Time

    Kindly mention the date and time the accident took place

Claim Settlement

Claim Settlement

As soon as your documents & process get verified & completed, we will initiate the funding process and disburse the funds directly to the recipient after verification

Benefits of Shriram Two-Wheeler Insurance Online Claim Proces

  • On-time Notification of Claims
  • Instant Claim Settlement
  • Minimal Paperwork
  • Superfast Survey
  • Simple Claims Procedure
  • Updated Claim Status
Benefits of Shriram Two-Wheeler Insurance Online Claim Proces

Frequently Asked Questions

What is the minimum amount of claim to process the claim intimation? How many claims can be reimbursed in a policy period?

No, there is no such limit available. The insured can claim the amount up to the IDV of the vehicle from the insurer, at any point in time within the policy period

How do I register a Shriram Two-Wheeler Insurance policy claim?

To register your claim, please call our toll-free number or send an email to our customer support. You can also directly intimate the claim using the MYSGI app to initiate a claim

How can I check my Shriram Two-Wheeler Insurance policy claim status?

You can login to our website/MYSGI app with the policy number to check your Shriram Two-Wheeler Insurance policy claim status

Can i claim insurance for bike scratches?

A bike scratch is generally not covered by insurance policies since it is considered to be a minor damage. Generally, insurance policies cover accidents, natural disasters, theft, and other causes of damage.

How much can i claim for bike accident?

In the case of a bike accident, the amount that can be claimed depends on several factors, including the severity of the accident, the extent of the damage, and the insurance policy's coverage. To determine the specific coverage and limits for your situation, you should consult with your insurance provider.

Can we claim bike insurance without FIR?

Yes. You can claim a bike insurance without filing an FIR. However, FIR is mandatory for cases that involve third party, malicious damages, theft, etc.

Can i claim bike insurance after repair?

It is important to notify your insurer about the accidental damage to your vehicle. Our customer support team shall guide you with the required process.

How can I ensure a hassle-free two-wheeler insurance claim process?

It's crucial to keep a few things in mind when filing a two-wheeler insurance claim. The first step is to make sure you understand what your insurance policy covers. Report an accident to the insurance company as soon as possible and provide all the necessary details. Make sure you keep all the relevant documents, such as the policy document, RC book, and driving license, safe.

Can I file a two-wheeler insurance claim online?

You can file a two-wheeler insurance claim online. Online claim filing is now available on the Shriram General Insurance Website or My SGI App. To file a claim online, you need to provide the required details such as the policy number, date and time of the accident, details of the damage or loss, and other necessary information. You may also need to upload supporting documents such as photographs or videos of the damage.

What is the maximum amount that I can claim under my two-wheeler insurance policy?

There is a maximum amount you can claim under a two-wheeler insurance policy based on the type of policy and the coverage amount. The Motor Accident Claims Tribunal limits third-party liability policies to 7.5 lakhs. A comprehensive policy, on the other hand, has a limit based on the vehicle's Insured Declared Value (IDV).

How do I calculate the depreciation value for my two-wheeler insurance claim?

The depreciation value for your two-wheeler insurance claim is calculated based on the catogory of the parts( Plastic/ Rubber, Metal & Glass) & age of your bike and the applicable depreciation rate. The rate of depreciation varies depending on the parts and their age.

Can I claim for personal injury under my two-wheeler insurance policy?

For two wheeler insurance policies that offer personal accident protection cover, the insured gets 100% of the sum insured if the accident results in total disability, and 50% if the accident results in partial disability.

Can we claim bike insurance without RC?

No, you cannot claim bike insurance without the RC (Registration Certificate) of the bike as it is a mandatory document that proves ownership of the vehicle. The RC contains details like the bike's engine number, chassis number, and registration number, which are required to process an insurance claim.

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Insured Declared Value (IDV)

Insured Declared Value (IDV)

The IDV (Insured Declared Value) represents the maximum amount that an insured should receive in compensation for total damage or loss to the vehicle. It is the current market value of the insured's vehicle. IDV is the amount that an insured can claim for reimbursement for damages caused to an insured vehicle

Claim Settlement

Claim Settlement

The insurance claims are requests by the insured to compensate the insurer for expenses/damage incurred because of an unfortunate event involving their vehicle. It depends on the vehicle's Insured Declared Value (IDV) and the type of insurance policy they purchased - Third-party, Own Damage or Comprehensive. There are two ways to settle a claim: Cashless Claim and Reimbursement Claim

No Claim Bonus (NCB)

No Claim Bonus (NCB)

A No Claim Bonus is given to those insured who have not claimed during their policy period. Your NCB keeps increasing with consecutive claim-free years until it reaches up to 50% on the Own Damage premium for your vehicle

Add-ons

Add-ons

The add-on covers provide insureds with added coverage for an additional premium. By extending the coverage of the Shriram Two-Wheeler Insurance policy, the two-wheeler owner can address various tough situations at ease. The add-ons include Zero Depreciation, Key Replacement and Return to Invoice


Frequently Asked Questions

What is an endorsement?

An Endorsement is an amendment or addition to an existing insurance contract that changes the terms or scope of the original policy. An insurance endorsement may be used to add, delete, exclude or otherwise alter coverage

What is a compulsory deductible?

Compulsory deductible is also known as compulsory excess in two-wheeler insurance as specified by the IRDAI. The insured has to bear a certain part of the claim amount as deductibles during a claim process

How does a two-wheeler insurance claim impact my no-claims bonus (NCB)?

When a two-wheeler insurance claim is made, it impacts the policyholder's no-claims bonus (NCB). It will help to reduce the premium amount offered by the insurer for not making any claims during the previous policy period.

What happens if the two-wheeler insurance claim amount exceeds the insured declared value (IDV) of my vehicle?

If the claim amount exceeds the IDV, the policyholder will have to bear the additional expenses. It is, therefore, important to set the IDV correctly based on the market value of the bike at the time of policy purchase.

What is basic OD premium in bike insurance?

A standalone own damage bike insurance policy covers only your own vehicle against damages and losses.

What is IDV in 2 wheeler insurance?

The Insured Declared Value (IDV) is the maximum amount that a two-wheeler insurance company will pay in case of a total loss or theft of the insured bike.

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Download Your Shriram Two-Wheeler Insurance Policy

Step 01

Visit the SGI website/MYSGI App home page and scroll to the top to access your Shriram Two-Wheeler Insurance account

Step 02

Enter your two-wheeler insurance policy number and click "Download" to get your policy document

Note: An insured can also receive Shriram Two-Wheeler Insurance policy document via email too

Frequently Asked Questions

How to file bike insurance claim?

  • Step 1 – Request the insurance details from the oliposite party and notify the insurer.
  • Step 2 – Once the insurer receives your claim, it will be forwarded to the Motor Insurance Claims Tribunal.
  • Step 3 – The tribunal court will determine your compensation amount after hearing from both parties.
  • Step 4 – Your bank account will be credited with the compensation amount.

How do i download a copy of my bike insurance?

Here are the steps you need to take:

  • Visit your insurance company's website.
  • You can choose the type of policy you want.
  • Please enter your policy number and other information.
  • Verify your profile if prompted.
  • After verification, you can view, print, or download your bike insurance policy.

How do i check my bike policy details?

If you want to know your bike insurance details through its registration number, you can use the following methods: Visit the Ministry of Road Transport and Highways website, parivahan.gov.in, click "Online Services" and select "Vehicle Related Services".

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What is the process of policy cancellation? What is required for cancelling a mandatory Third-Party (TP) only policy?

The insured has to reach us through the branch and apply for policy cancellation with a proper reason for cancellation. Immediately the request will be processed and the Own Damage (OD) part of the policy will be cancelled with an applicable refund. Since the TP-only policy is mandatory as per Section 146 of the Motor Vehicles Act, 1988, it cannot be cancelled. Once the insured presents documents of the TP policy of the same vehicle from another insurer, the TP policy will be cancelled by us

Can I sell my two-wheeler to another person?

Yes, you can sell the two-wheeler to another person. As a process, we will change the name of the buyer through name transfer endorsement and the policy will be transferred to a new owner. The buyer has to apply for an insurance transfer in his name with us within 14 days from the vehicle transfer date

What is the tenure of Shriram Two-Wheeler Insurance policy?

Following are the types of Shriram Two-Wheeler Insurance policy period

  • 1 year, consisting of Own Damage cover for one year and Third-Party cover of 1 year (For Other Than New)
  • 2 years, consisting of Own Damage cover for two years and Third-Party cover of 2 years (For Other Than New)
  • 3 Years, consisting of Own Damage cover for three years and Third-Party cover of 3 years (For Other Than New)
  • 5 Years Long term bundled policy, consisting of Own Damage cover for one year and ThirdParty cover of 5 years (For New Only)

What are the benefits of Shriram Two-Wheeler Insurance?

  • Avoid Legal Penalties
  • More Add-on Options
  • Comprehensive Cover
  • Hassle-free Claim Assistance
  • Zero Paperwork Digital Process
  • 100% Cashless Claims

What type of risk is covered by a Shriram Comprehensive Two-Wheeler Insurance policy?

Your vehicle will be protected against theft, loss and damage under the Shriram Comprehensive Two-Wheeler Insurance policy. In the event of an accident, this coverage will also cover the owner's or rider's accidental expenses. It covers third-party liabilities and own damage losses as well

What is a Motor Protection add-on cover?

Any two-wheeler accident that occurs while using an insured vehicle will be covered by Shriram Two-Wheeler Insurance policy and you will be provided with an advocate to represent you in police proceedings and judicial proceedings

Can I pay my Two-Wheeler Insurance premium in instalments?

No, you cannot pay the premium in instalments. As per Section 64VB of the Insurance Act, 1938, no risk can be started unless the premium is received in advance

Do I need an FIR to file a Two-Wheeler Insurance Claim?

In case of an accident or theft, you should immediately contact the insurance provider about the occurrence and lodge a First Information Report (FIR) at the police station and raise a claim

Is Aadhaar mandatory for a Two-Wheeler Insurance Claim

It is now required to link Aadhaar with insurance plans, according to the insurance industry's regulatory body, IRDAI (Insurance Regulatory and Development Authority of India)

How much time does it take for my claim to get settled?

The Two-Wheeler Insurance claim will be processed within seven working days on receipt of all the relevant claim documents along with the original repair invoice & satisfaction voucher/discharge voucher & NEFT details

How can I download my Shriram Two-Wheeler Insurance policy online?

  • Go to the Shriram General Insurance website/MYSGI App
  • Enter the necessary information, such as your policy number, name, phone number to log into your account
  • Select the option to download the Shriram Two-Wheeler Insurance policy

Where do I find the Shriram Two-Wheeler Insurance policy number?

Your Shriram Two-Wheeler Insurance policy number is the bike's unique identification number. On the Shriram Two-Wheeler Insurance policy document, you'll find an 8 to 10-digit number. You can also view this policy number on Two-Wheeler Insurance E-copy

Can I ride my two-wheeler without a Two-Wheeler Insurance policy?

No, the Third-Party (TP) two-wheeler insurance policy is mandatory according to Section 146 of the Indian Motor Vehicles Act of 1988. The Shriram Third-Party Two-Wheeler Insurance covers the owner's legal responsibility to third-party liabilities. However, buying a comprehensive policy that includes Third-Party (TP) and Own Damage (OD) coverage is advisable

What our customers say ?

What our customers say

Divyansh says,

Shriram General Insurance is the best travel insurance and i can confidently recommend.Truly the best online travel insurance site in India. Thanks to Shriram General Insurance !.

Vidit says,

Shriram General Insurance has a very encouraging overseas travel insurance program for us. Overall it's very nice

Malik says,

I had some doubts when reading the terms and conditions of my travel insurance. I called the Shriram General Insurance helpline and they cleared up most of my doubts.

Prakash says,

SGI Health Insurance currently administers my health insurance policy. I still have a bonus and there hasn't been a claim. This insurance covers all hospitals for cashless payments. Customer support is excellent.

Apeksha says,

This group health insurance policy, which has a Rs. coverage amount, was obtained from Shriram General Insurance. They have connections with several hospitals and also offer cashless medical care.

Ashwin says,

“I am satisfied with Health insurance claim service” Got my Health  insurance policy claim. Thanks a lot for quick response. Great customer satisfaction policy

Chiranjeev says,

My Commercial Vehicle Insurance is the best. These are very good, helpful and wonderful people. I am pleased to join Shriram General Insurance commercial vehicle insurance plan.

Purushottam says,

For commercial vehicle insurance, I can suggest Shriram General Insurance with confidence. I'm relieved that my vehicle is now protected and secure, I appreciate Shriram General Insurance!

Santram says,

Shriram General Insurance provides me with a commercial vehicle insurance policy that fully protects the vehicle for a comparatively small outlay of money. Excellent customer satisfaction policy, I'm pleased!

Amritlal says,

After taking into account all other plans available, I decided to go with Shriram General Insurance for my personal insurance policy. I am extremely pleased with the outcome of my claim and the amount of time and accuracy put into it.

Meghna says,

Taken the personal insurance policy with Shriram General Insurance company around 5 years ago. My colleague is suggested me to take the policy from here. The claim ratio is more compared to others. This was taken for my family benefits and customer service is good. Thank you SGI!!

Mohan says,

Five years ago, I chose to invest in a personal insurance policy with Shriram General Insurance Company after being recommended by a colleague. They had one of the best claim ratios and the customer service is great. Taking out this policy has benefited my family immensely and I'd like to take this opportunity to thank Shriram General Insurance for their excellent services.

Akanksha says,

I recently took out a home insurance policy with Shriram General Insurance and it covers me if there is any destruction to my property due to natural disasters such as earthquakes. I am very pleased with their customer service and quick response times. This gives me peace of mind knowing that I have this policy in place.

Raveena says,

After consulting with many people, I chose to purchase my home insurance from Shriram General Insurance. The experience was quite pleasing & I am glad that I went with them as their policy has proven to be very satisfactory.

Tejas says,

Securing my future by taking home insurance from Shriram General Insurance was a great decision. Not only did I get protection from natural and man-made calamities, but the service provided was also excellent.

Shubham says,

The add-on covers on my policy were extremely helpful. I got my claim easily and also reserved my NCB.And Shriram has made it so easy to renew any policy online without any tussle, trouble.thank you Shriram General Insurance!

Amandeep says,

Shriram General Insurance Co. Ltd is a trustworthy partner to me. They have a sincere and genuine approach towards settling claims, which I highly appreciate and value. They made it easier for me to manage through the tough times.

Satyaprakash says,

Shriram General Insurance truly stands out with the great service they provide – claims are processed quickly and effortlessly. I am very appreciative of their support! The quick and stress-free claim process made life easier for me during a trying time.

Shakeel says,

Shriram General Insurance really offer affordable two wheeler insurance premium. When my bike was damaged in an accident, I was stressed out but their two wheeler insurance executive took care of the situation quickly & efficiently. Thanks to Shriram General Insurance!

Samantha says,

I recently got a two-wheeler insurance policy from Shriram General Insurance and had a great experience. The website was incredibly user-friendly and all the relevant information was easily accessible. I'm glad my two-wheeler is safe and secure now - thank you Shriram General Insurance!

Vandana says,

My friend working for Shriram General Insurance suggested I take out a two-wheeler insurance policy from them. I've been renewing it before its expiry ever since and have been pleased with the service.I recently visited their branch and decided to renew my policy with them. The reason I chose them was because they provide first-party insurance with utmost claim amounts, plus this policy includes bumper to bumper coverage.

Chetan says,

I was thoroughly satisfied with my decision to get car insurance from Shriram General Insurance. Not only did I find their rates quite reasonable, but the policy coverage was also adequate. I am especially impressed with how efficiently and smoothly they handled my claims.

Ankit says,

I can confidently recommend Shriram General Insurance for car insurance as I have been a loyal customer for the last 5 years. Their claims process is very efficient and they respond swiftly to their customers in comparison to the other providers.

Rahul says,

I recently switched to Shriram General Insurance for my car insurance and I'm glad I did. The customer service is great, and the policy was issued instantly. I am Very impressed with their services!
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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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