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  • Overview
  • Features And Benefits
  • Third-Party Two-Wheeler Insurance
  • Comprehensive Two-Wheeler Insurance
  • Calculate Premium
  • Save On Premium
  • Renewal Benefits
  • IDV in Bike Insurance
  • NCB
  • Zero Depreciation Bike Insurance
  • Roadside Assistance
  • New Bike Insurance
  • Engine Protection Cover add-on
  • Deductibles
  • Types of Shriram Two-Wheeler Insurance
  • Coverages
  • Compare Plan
  • Premium Components
  • Eligibility and Required Documents
  • Buy / Renew
  • Claim Process
  • Bike Insurance Premium Calculator
  • 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
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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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  • A Third-Party (TP) Two-Wheeler insurance policy is mandatory in India under Section 146 of the Motor Vehicles Act, 1988
  • Third-Party insurance covers damages or injuries caused to third-party individuals or their property in case of an accident involving the insured vehicle
  • If the insured vehicle causes “third-party” property damage, Shriram General Insurance Company will offer compensation up to Rs. 1,00,000/- for Two-Wheelers
  • Unlimited Third-Party personal liability coverage will be provided, i.e. whatever the court awards as the liability to the third-party due to accidental death or injuries caused by the insured vehicle

Shriram Third-Party Two-Wheeler Insurance Claim Process

  • step 1
  • step 2
  • step 3

Register your Claim

  • You will be contacted by our customer service team and guided throughout the Two-Wheeler Insurance claim process

Submission of Required Documents

  • Submission of the required documents (FIR copy, Registration certificate, duly signed claim form, goods receipt and other required documents) is mandatory to proceed with the claim process further

Verification and Claim Settlement

  • After receiving the documents, our dedicated surveying team will begin the validation process. Upon completion of the survey, the funds will be sent directly to the recipient

Shriram Third-Party Two-Wheeler Insurance Coverages

Benefits and Coverage Third-Party Insurance
Own-Damage to the vehicle due to an accident teable_tick_icon
Own-Damage to the vehicle due to fire teable_cross_icon
Own-Damage to the vehicle due to natural calamities teable_cross_icon
Third-Party damage to the vehicle teable_tick_icon
Third-Party damage to property teable_tick_icon
Compulsory Personal Accident Cover teable_tick_icon
Theft of the vehicle teable_cross_icon
Cashless Claims teable_cross_icon
No Claim Bonus (NCB) teable_cross_icon
Riders/Add-ons teable_cross_icon

Frequently Asked Questions

What does Third-Party insurance policy cover?

Third-Party bodily injury

Any injury caused to a third-party individual in the accident is covered under Third-Party Two-Wheeler Insurance

Third-Party property damage:

Any damages caused to the property of a third-party, such as their vehicle or other property, are covered under Third-Party Two-Wheeler Insurance

How is the premium for Two-Wheeler Insurance calculated in India?

The premium for Two-Wheeler Insurance in India is calculated based on various factors, including the type of the vehicle, make, model and variant, age, location and the extent of coverage required by the policy holder

Is comprehensive Two-Wheeler Insurance mandatory in India?

No, comprehensive Two-Wheeler Insurance is not mandatory in India, but it is recommended to protect vehicle owners against financial losses

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  • Comprehensive Two-Wheeler Insurance provides extensive coverage compared to Third-Party Two-Wheeler Insurance . It provides a higher level of protection to the insured vehicle owner in case of unforeseen damages
  • Comprehensive Two-Wheeler Insurance covers damages or losses to the insured vehicle, as well as third-party liabilities due to an accident
  • It covers damages or losses due to accidents, theft, fire, natural disasters and other events that may cause damage to the insured vehicle
  • It covers damages or losses due to accidents, theft, fire, natural disasters and other events that may cause damage to the insured vehicle
  • With the Comprehensive Two-Wheeler Insurance policy, Compulsory Personal Accident (CPA) cover of Rs. 15,00,000/- will always be included at an affordable premium
  • The premium of Comprehensive Two-Wheeler Insurance depends on various factors such as the type of vehicle, coverage, engine cubic capacity, age of the vehicle and location
Read More
What is Comprehensive Two-Wheeler Insurance?

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Complaints

Over 60 Lakh
Happy Customers

Why Choose Shriram Comprehensive Two-Wheeler Insurance?

  • With Shriram General Insurance, you can buy, renew and claim Two-Wheeler insurance online at anytime
  • Get the right coverage, check the premiums, and customise your policy within minutes. And purchasing Two-Wheeler insurance is easy and stress-free with our digital process
  • At your fingertips, Shriram Two-Wheeler Insurance policy provides coverage against natural disasters and other accidental damages
  • In order to ensure timely claim settlement, we keep the claim process simple. We provide 24x7 customer support for all your insurance needs at Shriram General Insurance
Read More

Features of Shriram Comprehensive Two-Wheeler Insurance

Hassle-free Process

Avail policies at affordable premiums with nil commission fees

Immediate Assistance

Timely roadside assistance to the insureds at the time of emergency

Instant Renewal

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

Fast Claim Settlement

Shriram General Insurance offers instant claim notification and timely claim settlement

Benefits of Shriram Comprehensive
Two-Wheeler Insurance

  • Comprehensive coverage for an end-to-end protection
  • More add-on options for better coverage
  • Hassle-free claim assistance at your convenience
  • 24*7 online customer assistance available
  • Quick and easy claim settlement process

Frequently Asked Questions

Can I switch insurance providers when renewing my Two-Wheeler Insurance in India?

Yes, you can switch insurance providers when renewing your Two-Wheeler Insurance in India. It can be a wise opportunity to compare different policies and find a policy that perfectly suits your requirements and budget

What is comprehensive Two-Wheeler Insurance?

Comprehensive Two-Wheeler Insurance is a type of insurance policy that provides extensive coverage for damages or losses to the insured vehicle due to accidents, theft, fire, natural disasters and third-party liability

Is comprehensive Two-Wheeler Insurance mandatory in India?

No, comprehensive Two-Wheeler Insurance is not mandatory in India by law. However, it is highly recommended to purchase this type of insurance policy for the complete protection of your vehicle against various damages

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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

The bike insurance premium is calculated based on the model and make of the vehicle. Due to the high cost of spare parts, premiums are typically higher for costly vehicles

Year of Manufacture

The year of manufacture determines the two-wheeler's age. According to the age of the two-wheeler, the depreciation and Insured Declared Value of the two-wheeler have been calculated

Insured Declared Value (IDV)

IDV is the maximum amount an insurance company will pay if your vehicle is stolen or totalled. The current market value of the vehicle minus depreciation is the Insured Declared Value

Types of Insurance

Third-Party Two-Wheeler Insurance is mandatory in India. A Third-Party Liability policy covers damages caused to a third party in an accident, whereas a Comprehensive policy covers damages caused to the vehicle as well as third-party liability

Frequently Asked Questions

How does the age of a vehicle affect the Two-Wheeler Insurance premium in India?

The age of the vehicle is a significant factor that affects the Two-Wheeler Insurance premium in India. Older vehicles may have a higher risk of breakdowns and accidents and hence may have higher insurance premiums

What is the difference between Third-Party and comprehensive Two-Wheeler Insurance?

Third-Party Two-Wheeler Insurance only covers third-party liabilities, while comprehensive Two-Wheeler Insurance covers damages or losses to the insured vehicle as well as third-party liabilities

Can I customise my comprehensive Two-Wheeler Insurance policy?

Yes, comprehensive Two-Wheeler Insurance policies can be customised based on the coverage required and the budget

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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

Policy Type

Shriram General Insurance offers a variety of two-wheeler insurance plans. Insureds can choose Third-Party or comprehensive coverage for their vehicles. A comprehensive two-wheeler insurance policy is recommended for better coverage

Selection of Add-ons

It is important to purchase necessary add-ons for additional protection. However, adding random add-ons to a two-wheeler insurance policy will increase the premium

Deductibles

The deductible is the amount of money that is deducted from the claim settlement, which you have to pay before your insurance company covers the rest. Higher voluntary deductibles result in lower premiums, but also mean that you have to pay more from your own pocket if you need to file a claim

 No Claim Bonus

No Claim Bonus on Own-Damage Premiums is possible if you have never claimed any own damages from your insurance company in the previous policy period

Installing Anti-Theft Devices

If you’ve taken special measures to keep your bike from getting stolen, you have an opportunity to save on your Two-Wheeler Insurance premium. Install an anti-theft device (approved by ARAI) on your vehicle to receive this benefit

Frequently Asked Questions

How can I save on the premium for Two-Wheeler Insurance in India?

One can save on the premium for Two-Wheeler Insurance in India by choosing a preferable voluntary deductible, selecting long-term policies, renewing policy on-time and installing safety devices in the vehicle. Additionally, one can compare different policies available to get the right coverage at a reasonable pricing

Does the Two-Wheeler Insurance premium calculator calculate premiums accurately?

The Two-Wheeler Insurance premium calculator takes into account all the relevant factors to provide accurate premium estimation. This ensures that policy holders can make an informed decision while purchasing a Two-Wheeler Insurance policy

Does comprehensive Two-Wheeler Insurance cover natural disasters?

Yes, comprehensive Two-Wheeler Insurance covers damages or losses to the insured vehicle due to natural disasters such as floods, earthquakes and cyclones

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Shriram General Insurance's digital-friendly platform makes renewing vehicle insurance policies simple and easy. At the convenience of your fingertips, you can buy or renew Two-Wheeler Insurance from anywhere. Online renewal has the following benefits:

Avoid Legal Liabilities

In India, it is mandatory for vehicle owners to have a valid insurance policy for their vehicles. Failure to renew the policy on time can lead to legal liabilities, including fines and penalties. By renewing their Two-Wheeler Insurance policy on time, insureds can avoid such legal consequences

Paperless Process

The Two-Wheeler Insurance online process saves policy holder’s time and effort. The online policy renewal makes it quick and easy for policy holders to compare different policies and choose the one that suits their budget and needs

Quick On-spot Renewal 

Renewal of a Two-Wheeler Insurance policy online is simple and hassle-free process. A vehicle owner can compare different policies, choose the suitable coverage for their vehicle and renew their policy online with additional benefits

 Avail No Claim Bonus 

No Claim Bonus is offered by insurance provider to the policy holder who have not made any claims in the previous year. The NCB can range from 20% to 50% of the premium amount, depending on the number of claim-free years

Prevent Insurance Break-ins 

Renewing Two-Wheeler Insurance policy ensures that there is no break in the insurance coverage of the vehicle. Thus the insureds can remain protected against risks such as accidents, theft and natural calamities, even if they occur during the renewal process

Frequently Asked Questions

How can I buy zero depreciation cover for Two-Wheeler Insurance in India?

If you are buying a new Two-Wheeler Insurance policy, you can choose zero depreciation add-on cover to enhance the coverage. It is important to compare different policies to get the right coverage at a reasonable price

What is the significance of add-on cover?

With add-on covers like Two-Wheeler Protection, Zero Depreciation and Roadside Assistance, vehicle owners can enhance the coverage provided by their Two-Wheeler Insurance policy

What are the benefits of renewing Shriram Two-Wheeler Insurance online?

Two-Wheeler Insurance online renewal is an easy and stress-free process that can be completed in minutes. By comparing different policies online, vehicle owners can choose the best coverage for their vehicles and renew their policies

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A key aspect of two-wheeler insurance is the Insured Declared Value (IDV). In the two-wheeler insurance domain, understanding what IDV is and its significance is pivotal to making informed decisions about coverage. This guide dives into the depths of IDV in two-wheeler insurance, unravelling its importance, how it impacts your coverage, and why selecting Shriram General Insurance is a strategic move for comprehensive protection. Let us embark on this insightful exploration to demystify the world of IDV and help you make the right choices while safeguarding your prized possession.

IDV in Two –Wheeler Insurance Overview

What Is IDV In Two-Wheeler Insurance?

IDV in bike insurance is the maximum sum assured by the insurer, indicating the bike's current market value. Learning about what IDV (Insured Declared Value) in two-wheeler insurance is, is crucial for making informed decisions about insurance. The Insured Declared Value is not merely a technicality; it is a crucial factor that governs the usefulness of your insurance coverage in times of need. Accurately computing the IDV in two-wheeler insurance ensures adequate financial protection if and when the need arises.

Why Is IDV In Two-Wheeler Insurance Important

The importance of IDV in two-wheeler insurance cannot be overstated. It directly impacts the coverage you receive in case of theft or total loss. Opting for an appropriate IDV ensures you are adequately compensated, maintaining the financial equilibrium between your bike's value and insurance coverage. Imagine your bike is stolen or a significant accident renders it beyond repair. The IDV is the safety net that determines the compensation you receive. Selecting the right IDV in bike insurance is not just about making a choice; it is a safeguard against unforeseen financial setbacks.

How to Calculate IDV for Two-wheeler Insurance? 

You can calculate the IDV of your bike with the IDV calculator for bikes. This tool considers factors like the manufacturer's listed selling price and the age of the vehicle. By understanding how to calculate the IDV of your bike, you gain insights into its current market value, aiding you in selecting the right insurance coverage . The bike insurance IDV calculator takes into account various factors, ensuring that the calculated IDV aligns with the actual value of your bike. 

Factors Affecting IDV in Two-Wheeler Insurance

Several factors influence the IDV in two-wheeler insurance, including the make and model of the bike, its age, and depreciation rates. Being aware of these factors empowers you to make informed decisions, ensuring your IDV aligns with the true value of your bike. The IDV in two-wheeler insurance is not a fixed figure; it changes based on the number of years your bike has been in use. Factors like the make and model, age, and depreciation rates play a pivotal role in determining this value. Understanding the nuances of these factors helps you navigate the intricacies of IDV in bike insurance.

Factors Affecting IDV in Two-Wheeler Insurance

Difference Between IDV and Premium Rates

While IDV represents your bike's value,  bike insurance premium rates dictate the cost of insurance. It is essential to strike a balance between a reasonable premium and an optimal IDV. Understanding this difference ensures you receive comprehensive coverage without overpaying. You can calculate your IDV with the IDV calculator for bikes. Balancing IDV and premiums includes assessing the value of your bike and ensuring that the premium you pay aligns with the coverage you receive. This delicate balance is the key to a cost-effective yet comprehensive two-wheeler insurance plan.

The Significance of Insured Declared Value
                                                                                            (IDV) in Bike Insurance

The Significance of Insured Declared Value (IDV) in Bike Insurance

IDV plays a pivotal role in determining the coverage for your two-wheeler, especially under your Own-Damage Cover. It acts as a safeguard against financial loss in scenarios like accidents, providing the necessary support to restore or replace your bike. For example, your bike meets with an accident, and significant repairs are needed. This is where IDV's significance in bike insurance shines. It becomes the pillar of support, ensuring that your two-wheeler is back on the road without burdening your finances.

What Happens in Case I Opt for a Lower Insured Declared Value?

Opting for a lower IDV may seem cost-effective initially, but it comes with risks. In the event of a total loss or theft, you might receive insufficient compensation, potentially leading to financial strain. It is crucial to strike a balance between affordability and adequate coverage. Choosing a lower IDV in two-wheeler insurance might save you a few bucks on the premium, but it is a gamble. In case of significant mishaps, you might find yourself facing a financial problem. It is essential to weigh the cost savings against the potential financial implications of doing so. 

What Happens in Case I Opt for a Higher Insured Declared Value?

While a higher IDV ensures better coverage, it may result in a higher premium. However, the enhanced protection against financial setbacks, especially during total loss or theft, justifies the slightly increased premium. Opting for a higher IDV in two-wheeler insurance is akin to fortifying your financial shield. Yes, it might entail a slightly higher financial outgo, but the peace of mind that comes with robust coverage is worth the investment. It is a calculated choice for those who prioritise comprehensive protection. 

Why Should You Buy Your Bike Insurance from Shriram General Insurance?

Choosing Shriram General Insurance for your bike insurance guarantees not just coverage but a commitment from us to help you maintain your peace of mind. With a customer-centric approach and comprehensive plans, Shriram General Insurance ensures you ride confidently, knowing your two-wheeler has reliable financial protection. Selecting an insurance provider is not just about policies; it is about trust. Shriram General Insurance brings a legacy of reliability to the table. With a focus on customer satisfaction and comprehensive coverage, it stands as a trusted partner in your two-wheeler journey. 

Conclusion

Conclusion

Mastering the nuances of IDV in two-wheeler insurance empowers you to make informed decisions, ensuring optimal coverage for your bike. As you navigate the insurance landscape, choose reliability, choose Shriram General Insurance – your steadfast partner for comprehensive two-wheeler insurance. 

Frequently Asked Questions

What is the importance of IDV in bike insurance?

IDV determines the maximum sum assured, impacting your coverage in case of theft or total loss. It is a crucial factor in selecting the right insurance.

Can I change the IDV during policy renewal?

Yes, you can adjust the IDV during policy renewal based on your bike's current market value. This is subject to the fulfilment of certain conditions. Also, it can be completed only after a proper inspection, report filing, and approval.

How does the bike's age affect its IDV?

The older the bike, the lower its IDV, reflecting the depreciation in its market value.

Why should I trust Shriram General Insurance for my two-wheeler coverage?

Shriram General Insurance brings a legacy of trust, is committed to maintaining high customer satisfaction levels, and offers comprehensive plans tailored to your needs. Their customer-centric approach ensures a seamless journey—from choosing the right coverage to handling claims.

Can I customise my two-wheeler insurance with additional features at Shriram General Insurance?

Absolutely! Shriram General Insurance understands that every rider is unique. We offer a range of customisable add-ons, ensuring you can tailor the insurance plan to align with your specific requirements. 

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  • No Claim Bonus (NCB) is provided by insurance providers to the insureds who have not made any claims during the policy tenure
  • NCB is applied on the Own Damage premium that the policy holder has to pay during the next policy period
  • No Claim Bonus increases with each consecutive claim-free year, up to a maximum of 50%
  • NCB can be transferred to a new insurance company when the policy holder switches insurers
  • NCB can also be transferred to a new vehicle, provided the policy holder has sold the old vehicle and is purchasing a new one
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Importance of No Claim Bonus

  • NCBs can be beneficial for policy holders in the long run, as they increase with every year they go claim-free
  • It also reflects positively on the policy holder's driving record and can result in comparatively lesser premiums in the future

Period of Shriram Motor Insurance

No Claim Bonus Percentage

No claim made during the preceding full year of Shriram Two-Wheeler Insurance

20%

No claim made during the preceding 2 consecutive years of Shriram Two-Wheeler Insurance

25%

No claim was made during the preceding 3 consecutive years of Shriram Two-Wheeler Insurance

35%

No claim made during the preceding 4 consecutive years of Shriram Two-Wheeler Insurance

45%

No claim made during the preceding 5 consecutive years of Shriram Two-Wheeler Insurance

50%

Frequently Asked Questions

What is a No Claim Bonus (NCB) in Two-Wheeler Insurance?

NCB is offered by insurance companies to policy holders for not making any claims in the previous policy period. The NCB percentage can range from 20% to 50% of the own damage premium

Can I transfer my No Claim Bonus (NCB) to a new insurance policy or a new vehicle?

  • Yes, you can transfer your No Claim Bonus (NCB) to a new insurance policy or a new vehicle, provided that you have not made any claims during the previous policy period
  • One can transfer your NCB by obtaining a No Claim Bonus certificate from the previous insurance company and submitting it to the new insurance company

What happens to my No Claim Bonus (NCB) if I make a claim during the policy period?

If a policy holder makes a claim during the policy period, the No Claim Bonus (NCB) will be reset to zero for the next policy period

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With a two-wheeler, you can embark on a journey of freedom and thrill. However, the unpredictability of life demands a shield that financially protects your vehicle. This is where the concept of Zero Depreciation Bike Insurance becomes important. This specialised coverage stands out in insurance as it provides a unique advantage. As we discover what is Zero Depreciation Bike Insurance and unravel the Zero Depreciation Bike Insurance meaning, you will discover how this insurance type revolutionises the traditional approach, ensuring you ride with complete peace of mind.

New Car Insurance Overview

What Are the Benefits of Zero Depreciation Bike Insurance

Here are the unparalleled benefits of Zero-Depreciation Bike Insurance:

Zero Depreciation Benefit

  •  You can enjoy claim amounts without deductions for depreciation. Your bike's value stays intact.

Comprehensive Coverage

  • It protects your two-wheeler extensively against accidents, natural calamities, and theft.

Minimal out-of-pocket expenses

  • It helps reduce financial burden with minimal or no out-of-pocket expenses for repairs or replacements.

Ideal for new and expensive bikes

  • It is beneficial for new or high-end bikes, ensuring Comprehensive Coverage without substantial depreciation deductions.

Peace of mind on the road

  • Experience worry-free rides, knowing your bike has financial protection, offering peace of mind beyond tangible benefits.

How to Buy Zero Depreciation Bike Insurance Online?

  • Buy Zero Depreciation Bike Insurance Online
  • Renew Zero Depreciation Bike Insurance Online

Securing your two-wheeler with Zero Depreciation Bike Insurance online is a seamless process. Follow these steps to purchase your coverage online with ease

1

Visit the insurance provider's website

  • Head to the official website of your chosen insurance provider. 
2

Select your plan

  •  Explore the range of plans available and buy zero depreciation two-wheeler insurance cover online. Click on the policy that suits your needs. 
3

Provide bike details

  •  Fill in the necessary information about your two-wheeler.
4

Choose coverage and add-ons

  •   Customise your policy by selecting the coverage amount and any additional add-ons.
5

Premium calculation and payment

  •   The website will calculate the premium based on your selected coverage and add-ons.
6

Receive policy documents

  •   Upon successful payment, you will receive the policy documents via email. 

Learning how to renew Zero-Depreciation Bike Insurance online is straightforward. Follow these steps to ensure continuous comprehensive coverage for your two-wheeler:

1

Log into your insurance account

  • Access your insurance provider's official website and sign up or log into your account using your credentials.
2

Navigate to the renewal section

  • Find the section dedicated to policy renewal and locate Zero Depreciation Bike Insurance renewal.
3

Provide policy details

  • Enter the required policy details, such as your policy number and other relevant information. 
4

Review your policy

  • Take a moment to review the details of your existing policy.
5

Select renewal duration

  •  Most policies offer options for one-year or multi-year renewals.  
6

Receive confirmation and documents

  • The updated policy documents will be sent to your registered email address. 

Coverage Details of Zero Depreciation Bike Insurance

Zero Depreciation Bike Insurance: What's Covered?

Understanding what is covered in Zero Depreciation Bike Insurance is crucial to fully benefit from its advantages. Zero Depreciation Bike Insurance assures repairs or replacements without any depreciation deduction, ensuring the complete claim amount is at your disposal. It includes accidents, collisions, damages from natural calamities, theft, third-party liabilities, engine protection, personal accident cover, and coverage for consumables and accessories. 

Zero Depreciation Bike Insurance: What's Not Covered?

While Zero Depreciation Bike Insurance offers extensive coverage, certain exclusions apply. For instance, normal wear and tear over time, mechanical breakdowns without external accidents, deliberate damage, accidents under the influence of alcohol or drugs, policy excess/deductibles, and damages resulting from unregistered modifications may not be covered. 

Add-ons for Zero Depreciation Bike Insurance

Enhance the protection of your ride with valuable add-ons by learning about what is Zero Depreciation Add-on Cover. These add-ons are

Depreciation Waiver

Roadside Assistance Cover

Receive prompt assistance in case of breakdowns, flat tyres, or other on-road emergencies.

Engine Protection

Zero Depreciation Cover for plastic and rubber parts

Extend the zero depreciation benefit to plastic and rubber parts, ensuring comprehensive coverage.

Return to Invoice

Personal Accident Cover for pillion rider

Provide additional protection for the pillion rider with a personal accident cover.

Personal Belongings

Key Protect Cover

Safeguard against the expenses of lost or damaged keys, including replacement and locksmith charges under your Zero Depreciation Bike Insurance.

Difference Between Comprehensive Policy and Zero Depreciation Bike Insurance

Choosing between a Comprehensive Bike Insurance Policy and Zero Depreciation Bike Insurance requires understanding the nuanced differences. A comprehensive policy covers damages from accidents, theft, natural calamities, and third-party liabilities but accounts for depreciation, resulting in reduced claim amounts. In contrast, Zero Depreciation Bike Insurance stands out by providing claim amounts without depreciation deductions, ensuring extensive coverage for repairs or replacements. The choice between Comprehensive vs. Zero Depreciation Bike Insurance hinges on your bike's value and your specific coverage preferences.

How to Raise a Claim Under Zero Depreciation Bike Insurance?

Initiating Zero Depreciation Bike Insurance claims is a hassle-free process. Here is the Zero Depreciation Bike Insurance claim process

Step 01
Contact us

Contact your provider

Reach out promptly to report the incident, providing essential details.

Step 02
Submit Required Documents

Lodge a First Information Report (FIR), if needed

File an FIR for theft or accidents involving third parties, meeting legal requirements.

Step 03
Claim Inspection

Document the incident

Capture photos of the damaged areas for crucial evidence.

Step 04
Claims Settlement

Fill out the claim form

Complete the provided zero depreciation claim form with accurate and thorough details.

Step 05
Claims Settlement

Submit relevant documents

Provide necessary documents , including the FIR and photographs.

Bike Insurance With and Without Zero Depreciation Cover

When considering bike insurance options , the choice between coverage with and without zero depreciation is crucial. Without this cover, the applicable rate of depreciation on two-wheeler parts can significantly impact your claim amount in case of damages. Opting for insurance with zero depreciation ensures you receive the full claim amount without deductions, providing comprehensive coverage and preserving your bike's value.

Applicable Rate of Depreciation on Two-Wheeler Parts

Understanding the applicable rate of depreciation on two-wheeler parts is key to making informed insurance decisions. In traditional policies without zero depreciation, parts are subject to depreciation, resulting in reduced claim amounts. Choosing Zero Depreciation Bike Insurance eliminates this concern, allowing for a more favourable and complete claim settlement.

Why Buy Zero Depreciation Bike Insurance From Shriram General Insurance?

Choosing Zero Depreciation Bike Insurance from Shriram General Insurance offers distinct advantages. With a commitment to preserving the full value of your bike, Shriram General Insurance provides comprehensive coverage without depreciation deductions. It ensures that in the event of damages, you receive the maximum claim amount, allowing for worry-free rides and peace of mind on the road.

Benefits of renewing two wheeler insurance online

Conclusion

Choosing the right bike insurance is pivotal for a secure and worry-free ride. The comparison between insurance with and without zero depreciation underscores the importance of preserving your bike's value. Opting for Zero Depreciation Bike Insurance from Shriram General Insurance ensures Comprehensive Coverage without depreciation deductions, offering unparalleled peace of mind. 

Frequently Asked Questions

What is Zero Depreciation Bike Insurance?

Zero Depreciation Bike Insurance ensures full claim amounts and no depreciation deductions for extensive coverage.

Why Shriram for Zero Depreciation Bike Insurance?

We prioritise value retention, offering comprehensive coverage without depreciation deductions.

What are the conditions for raising a claim?

It is a simple process—contact us, fill out the form, submit documents, and receive updates until the claim is processed.

Is there any additional cost for Zero Depreciation Cover?

A slightly higher premium is charged for this, which is worthwhile as it offers the full claim amount without deduction for depreciation.

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Embarking on a journey with your two-wheeler is a delightful experience, but the unpredictability of the road demands a financial safety net that goes beyond the ordinary. The roadside assistance add-on in two-wheeler insurance is your trusted companion in such cases. This invaluable addition ensures that you are never stranded alone during unexpected situations on the road. 

Used Car Insurance Overview

Learning what is roadside assistance is crucial before purchasing the add-on. It is a specialised add-on in two-wheeler insurance that provides 24x7 roadside assistance. Whether you are dealing with a flat tire, a battery breakdown, or any other on-road emergency, this add-on ensures that roadside assistance is just a call away. When unforeseen situations arise, having the roadside assistance add-on becomes your safety net on the road. The round-the-clock support offered by this add-on ensures that you are never left stranded, providing you with the assistance needed to get back on your journey swiftly.

What are the Benefits of Buying Roadside Assistance Add-On in Bike Insurance?

Investing in the 24x7 roadside assistance add-on cover brings a plethora of benefits. They include the following.

Comprehensive Coverage

  • It protects against breakdowns, flat tires, and other on-road emergencies. 

Minimal out-of-pocket expenses

  • It reduces financial burden with minimal or no expenses for on-the-spot repairs. 

Peace of mind

  •  You can ride worry-free, knowing you have roadside assistance benefits at every turn.
Why Used Car Insurance is Needed

Who Should Opt for Roadside Assistance Cover in Bike Insurance?

Those who value peace of mind on the road should consider opting for roadside assistance cover. Whether you are a daily commuter, a long-distance rider, or someone with a high-end bike, the 24x7 roadside assistance add-on cover ensures that you are prepared for any unexpected situation.

Roadside Assistance Cover: What is Covered? 

Understanding what an RSA cover is can be crucial for making the most of its benefits. Here is what the RSA cover includes:

Mechanical breakdowns

Provides immediate repairs for minor damages and transportation to a nearby network garage for major repairs.

Flat tyre assistance

This includes on-the-spot tyre change or repair.

Battery jumpstart

 This includes assistance in case of a dead battery. 

Fuel delivery

 This ensures running out of fuel is no longer a concern with on-the-spot fuel delivery.

Roadside Assistance Cover: What is Not Covered?

While the roadside assistance cover is comprehensive, certain situations may not be covered, including

Depreciation Waiver

Accidents under the influence

This cover becomes invalid in case the accident occurs when driving under the influence of alcohol or drugs. 

Engine Protection

Unregistered modifications:

Damages resulting from modifications not registered with the insurance provider are not covered. 

Return to Invoice

Accidents outside designated coverage areas

 Accidents or breakdowns that occur outside designated areas may not be covered.

Personal Belongings

Regular wear and tear

 The roadside assistance add-on primarily addresses sudden breakdowns and emergencies. Regular wear and tear of parts over time may not be covered.  

Personal Belongings

Mechanical failures due to poor maintenance:

 Mechanical failures that result from poor maintenance practices, such as neglecting regular servicing or ignoring warning signs, may not be covered.  

What are the Documents Required to Apply for Two Wheeler Roadside Assistance?

Applying for a two-wheeler roadside assistance cover is a straightforward process. You will typically need

Bike insurance policy details

 Have your current bike insurance policy details on hand. This includes the policy number, coverage details, and the duration of the policy. 

Vehicle registration number

 Provide the accurate and up-to-date registration number of your two-wheeler. This ensures that the roadside assistance service is linked to the correct vehicle. 

Contact information

 Furnish your contact details, including a valid mobile number and email address. This information is crucial for the service provider to reach out to you promptly in case of emergencies.

Identification proof

 In some cases, you may be required to present valid identification proof. This could include your Aadhaar card, driver's licence, or any other government-issued ID.

Claim Process for Two-Wheeler Roadside Assistance Add-On Cover

Initiating a claim for your roadside assistance add-on cover is a simple process. Here is how to claim for two-wheeler roadside assistance add-on cover

Step 01
Contact us

Contact your provider

 Reach out promptly to report the incident, providing essential details. 

Step 02
Submit Required Documents

Lodge a First Information Report (FIR), if needed

 File an FIR for theft or accidents involving third parties, meeting legal requirements.

Step 03
Claim Inspection

Document the incident

Capture photos of the situation for crucial evidence. 

Step 04
Claims Settlement

Fill out the claim form

Complete the provided claim form with accurate details. 

Step 05
Claims Settlement

Submit relevant documents

Provide necessary documents, including the FIR and photographs. 

Why Should You Buy Roadside Assistance Cover Add-on Insurance from Shriram General Insurance?

Choosing roadside assistance coverage from Shriram General Insurance offers unique advantages. With a commitment to providing comprehensive coverage without depreciation deductions, Shriram General Insurance ensures that you receive the maximum benefit from your roadside assistance add-on, allowing for worry-free rides and peace of mind on the road.

Benefits of renewing two wheeler insurance online

Conclusion 

The Roadside Assistance Add-on transforms your two-wheeler insurance into a comprehensive shield, ensuring you are prepared for any on-road emergency. Understanding the coverage, exclusions, and necessary documents empowers you to make informed decisions, enhancing your safety and peace of mind on every ride. Experience worry-free rides with Shriram General Insurance's Roadside Assistance Cover – your trusted companion on the road! 

Frequently Asked Questions

What exactly is covered under the Roadside Assistance Service?

The Roadside Assistance Service covers a spectrum of on-road emergencies, including mechanical breakdowns, flat tyre assistance, battery jumpstarts, and even fuel delivery. This ensures comprehensive support during unexpected situations.

How does the Roadside Assistance Cover handle situations like flat tyres or battery failures? 

In the case of a flat tire, the service provides on-the-spot assistance, either repairing the tyre or replacing it. For battery failures, prompt jumpstart services are offered to get your two-wheeler back on the road.

Are accidents covered under Roadside Assistance? 

No, the Roadside Assistance service primarily focuses on non-accident-related breakdowns and emergencies. For accidents, it is essential to follow the standard claim process according to your insurance policy. 

Why should I choose Shriram General Insurance for Roadside Assistance Cover?

Shriram General Insurance stands out for its commitment to providing extensive coverage without depreciation deductions. With Shriram, you can trust that the roadside assistance cover offers maximum benefits, ensuring worry-free rides. 

Can I add Roadside Assistance to my existing bike insurance policy with Shriram? 

Absolutely! Shriram General Insurance allows you to enhance your current policy by adding Roadside Assistance Coverage. Contact our customer support for a seamless upgrade and enjoy the added peace of mind on the road. 

A brand-new two-wheeler demands equally impressive financial protection. For this, the new bike insurance by Shriram General Insurance (SGI) is a good option. It provides specialised coverage designed for the unique needs of newly acquired bikes. Let us delve into what sets this insurance apart and how it ensures a worry-free ride for your new companion. 

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New bike insurance caters specifically to the unique needs of newly acquired bikes. This coverage ensures comprehensive protection against various risks, ensuring a worry-free experience for the proud owner. When exploring brand-new bike insurance, consider the option to buy new two-wheeler insurance online. This digital approach provides convenience and efficiency, allowing you to secure your coverage without hassle.

Standalone OD Car Insurance Overview

What Are the Types of New Two-wheeler Insurance Plans in India?

Bundled bike insurance is typically offered for new bikes and encompasses a one-year Own Damage (OD) and five years’ Third-Party coverage. Below, we have outlined the various coverage options applicable for new bikes.

Full Coverage

Third-party Bike Insurance Plan

 Fulfil the legal requirement with a Third-party Bike Insurance plan, protecting you financially from the liabilities arising from third-party issues.

Cost-Effective

OD Cover

It covers damage to the insured vehicle due to accidents, theft, natural disasters, and other unforeseen events. It also allows you to extend coverage using add-ons.

Cost-Effective

Comprehensive Bike Insurance Plan

 This plan is basically a combination of Third-party and OD coverage.

Cost-Effective

Personal Accident (PA) Cover

 This cover provides financial protection for accidental death, loss of limbs, and partial or total disability, and is a legal requirement. Although it can be bought with Car Insurance, it is not a type of Car Insurance itself.

Coverage Options for New Bike Insurance

New Bike Insurance: What's Covered?

Understanding the inclusions in your new bike insurance is pivotal. This coverage typically includes financial protection against

Depreciation Waiver

Accidents and collisions

Engine Protection

Theft

Roadside Assistance

Natural calamities

Personal Belongings

Man-made calamities

Key Replacement Cover

Third-party liabilities

Key Replacement Cover

Personal Accident Cover (if selected)

Key Replacement Cover

Add-ons (if selected)

New Bike Insurance: What's Not Covered?

While comprehensive, certain situations may not fall under the coverage, such as:

Depreciation Waiver

Driving under the influence of alcohol and drugs

Engine Protection

Unregistered modifications

Roadside Assistance

Regular wear and tear

Personal Belongings

Taking part in illegal racing

Key Replacement Cover

Not abiding by traffic rules

Key Replacement Cover

Driving without a valid Driving License or Registration Certificate

How to Buy & Renew New Bike Insurance Online

  • Buy New Bike Insurance Online
  • Renew New Bike Insurance Online

You can buy new bike insurance online in this digital age. Follow these steps to buy an insurance for a new bike online

1

Visit our website/app

  •  Head to the official website/mobile app of Shriram General Insurance to buy new bike insurance.
2

Select your plan

  •  Explore and choose the plan that aligns with your coverage needs.
3

Provide bike details

  •  Fill in the necessary information about your new two-wheeler.
4

Choose coverage and add-ons

  •  Customise your policy by selecting coverage and any additional add-ons.
5

Premium calculation and payment

  •  The website will calculate the premium. You will know your new bike insurance cost, and upon payment, you will receive the policy documents.

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

Log into your insurance account

  •  Access our official website and log into your account. You could also consider downloading and accessing the My SGI app on your smartphone.
2

Navigate to the policy renewal section

  •  Find the section dedicated to the new bike insurance policy.
3

Provide policy details

  •  Enter the required policy details, review your policy, and select the renewal duration.
4

Receive confirmation and documents

  •  The updated policy documents will be sent to your registered email address.

Benefits of Buying New Bike Insurance Online

You can buy bike insurance online with ease. The benefits of getting your bike insurance online are:

  • Convenience

    Purchase and manage your policy at the click of a button.

  • Instant policy issuance

    Receive your policy documents promptly via email.

  • Comparative analysis

    Explore and compare different plans to make an informed decision.

Benefits of Shriram Car Insurance Online Claim Process

Add-on Covers for New Bike Insurance

Enhance the protection of your bike with these valuable bike insurance add-ons:

Depreciation Waiver

Personal Accident Cover

Provides financial protection in unfortunate situations where accidental death or bodily injury occurs. Besides, it is legally mandatory as per Indian law.

Engine Protection

Zero Depreciation Cover

This cover ensures you receive the full claim amount without depreciation deductions in case of a claim.

Return to Invoice

Engine Protection Cover

 It covers engine damages such as damage from water ingression and other specific damages as specified in the policy.

Personal Belongings

Consumables Cover

 This is an add-on you can purchase to cover expenses related to consumables like oil, nuts, and bolts.

How to File an Insurance Claim for a New Bike?

Learning how to file a bike insurance claim is vital. In the unfortunate event of a claim, follow these steps explaining the bike insurance claim process

Step 01
Contact us

Contact your service provider

 Reach out to your insurance provider promptly.

Step 02
Submit Required Documents

Lodge a First Information Report (FIR), if needed

 For accidents, file an FIR if required.

Step 03
Claim Inspection

Document the incident

Capture photos of the damaged areas for evidence.

Step 04
Claims Settlement

Fill out the claim form

Complete the provided two-wheeler insurance claim form, filling in the correct policy details.

Step 05
Claims Settlement

Submit relevant documents

Provide necessary documents for the claims process.

Why Should You Buy New Bike Insurance from Shriram General Insurance

Choosing new bike insurance from Shriram General Insurance offers distinct advantages:

Comprehensive Coverage

 With this, you can ensure extensive protection for your new two-wheeler.

Instant Policy Issuance

 It offers a quick and hassle-free policy issuance process.

Transparent Claim Process

 You can experience a transparent and straightforward claims process.

Documents Required for New Bike Insurance Claim at Shriram General Insurance

When filing a claim with Shriram General Insurance, ensure you have the following documents

Claim form

It should be duly filled and signed.

Copy of bike registration certificate

 Submit proof of ownership with this document.

Copy of FIR, if applicable

 For accidents involving third parties, an FIR is needed.

Steps to Download Your Shriram New Bike Insurance Policy 

Accessing your new bike insurance policy with Shriram General Insurance is simple:

01

Visit our official website:  Head to Shriram General Insurance's official website at www.shriramgi.com.

02

Log into your account:  Use your credentials to log in.

03

Navigate to Policies:  Find the section for policies and locate your new bike insurance policy.

04

Download and save:   Download your policy document and save it for future reference.

Benefits of renewing two wheeler insurance online

Conclusion

Securing your brand-new bike with the right insurance is not just a choice; it is a necessity. Keeping your new bike protected gives you peace of mind while you are on the road. Shriram General Insurance is your trusted partner, offering comprehensive coverage and a seamless insurance purchase and claims experience.

Frequently Asked Questions

What is New Bike Insurance?

New Bike Insurance is a specialised coverage designed for recently acquired two-wheelers, ensuring comprehensive protection against various risks.

Why choose Shriram General Insurance for New Bike Coverage?

Shriram General Insurance prioritises transparency, quick policy issuance, and a straightforward claims process, making it the ideal choice for your new bike.

How long does it take to renew New Bike Insurance online?

Renewing your new bike insurance with Shriram General Insurance is a quick and easy process, and you will receive your updated policy documents within a short period.

Is the Personal Accident Cover add-on necessary for a new bike?

While not mandatory, adding a Personal Accident Cover ensures additional protection for the rider in case of unfortunate events.

When you explore various bike insurance options , you will be introduced to a crucial element, which is the Engine Protection Cover. In the world of two-wheelers, understanding what Engine Protection Cover is and the advantages it brings is paramount. This comprehensive guide delves into the intricacies of Engine Protection Cover, unravelling its significance, benefits, and how it can safeguard your bike. Whether you are a seasoned rider or a newcomer, this article aims to equip you with the knowledge needed to make informed decisions about protecting your motorcycle's engine. Let us dive into the domain of Engine Protection Cover and fortify your bike ride against unforeseen challenges.

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Engine Protection Cover is a specialised add-on in bike insurance designed to shield your motorcycle's engine from various risks. This add-on goes beyond the standard coverage, providing financial protection against damages to the engine that may occur due to accidents, water ingress, or other unforeseen events. Learning what is engine protection cover add-on will ensure that the heart of your bike, the engine, is safeguarded, keeping you safe on the road.

Standalone OD Car Insurance Overview

What Are the Benefits of Engine Protection Cover?

Engine Protection Cover has several benefits. These include:

Financial safeguard

  • The Engine Protection Cover provides financial assistance for repairing or replacing the damaged engine parts, minimising the financial burden on the policyholder.

Comprehensive Coverage

  • The Engine Protection Cover benefits go beyond the coverage spectrum, ensuring that damages to the engine, a critical and often expensive component, are included in the insurance protection.

Peace of mind

  •  With Engine Protection Cover, you can ride with confidence, knowing that even unforeseen events that affect your engine will not leave you stranded.

Reduced out-of-pocket expenses

  • In the event of engine damage, the add-on cover ensures that repair or replacement costs are covered by the insurance, minimising the out-of-pocket expenses for the policyholder.

Coverage for expensive repairs

  •  Motorcycle engines are complex and expensive to repair or replace. Engine Protection Cover ensures that these high repair or replacement costs are borne by the insurance, offering comprehensive coverage.

Who Should Purchase Engine Protect Cover?

Engine Protection Cover is a valuable addition for all bike owners, especially those who

Full Coverage

Ride frequently

If you use your bike extensively, the chances of encountering unforeseen events that could damage the engine are higher.

Cost-Effective

Reside in flood-prone areas

If you live in an area prone to flooding, an Engine Protection Cover becomes crucial, as water ingression is a common cause of engine damage.

Coverage Options for Engine Protection Cover

  • What is Covered?
  • What is not Covered?
01

Accidents

 Engine Protection Cover comprehensively covers damages resulting from accidents, ensuring that repair or replacement costs for the engine are taken care of by the insurance.

02

Water Ingression

 This add-on provides coverage for damages caused by water ingress, which can occur due to unforeseen events like floods or heavy rainfall.

03

Lubricant Leakage

 Engine Protection Cover extends its coverage to include damages arising from lubricant leakage, offering financial assistance for repairing or replacing the affected engine parts.

04

Fire Damage

 In the unfortunate event of a fire damaging the engine components, this add-on ensures that the repair or replacement costs are covered by the insurance.

05

Theft Attempt

 If there is an attempted theft that leads to damages to the engine, Engine Protection Cover steps in to provide coverage for the associated repair or replacement expenses.

01

Regular Wear and Tear

 Engine Protection Cover typically excludes damages that occur due to regular wear and tear of the engine components. It is designed to address unforeseen events rather than the natural ageing process of the bike's engine.

02

Consequential Losses

 Damages that are considered a consequence of the initial incident, rather than the direct impact, may not be covered. For example, if an accident leads to engine damage, but subsequent issues arise due to the initial damage, these consequential losses might not be included.

03

Pre-existing Engine Issues

 Engine Protection Cover usually does not cover damages that existed in the engine before the policy was purchased. It is designed to address new, unforeseen damages rather than pre-existing conditions.

04

Non-Accidental Damages

 Certain non-accidental damages, such as those resulting from the lack of proper maintenance or intentional actions by the policyholder, may not be covered under Engine Protection Cover.

How to Raise a Claim for an Engine Protection Cover Add-on?

In the unfortunate event of engine damage, raising an engine protection cover add-on claim involves a few simple steps. They are:

Step 01
Contact us

Contact your insurance provider:

 Reach out to your insurance provider promptly to report the incident.

Step 02
Submit Required Documents

Document the damage

 Capture clear photographs of the damaged engine parts for documentation.

Step 03
Claim Inspection

File a claim form

Complete the claim form given by the service provider, providing accurate and detailed information about the incident.

Step 04
Claims Settlement

Submit necessary documents

Furnish the required documents , including the claim form, photographs, and any other documents specified by your insurance provider.

Benefits of renewing two wheeler insurance online

Conclusion

Engine Protection Cover is a valuable add-on for two-wheeler insurance , offering financial security and comprehensive coverage for critical engine components. Policyholders can enjoy peace of mind knowing that unexpected events affecting the engine will not lead to substantial financial burdens. Explore Shriram General Insurance's Engine Protection Cover and ride with confidence. Secure your bike against unforeseen engine damages with Shriram General Insurance. 

Frequently Asked Questions

Is the Engine Protection Cover only for new bikes, or can it be added to older bikes as well?

Engine Protection Cover is available for both new and older bikes. It provides valuable coverage for the engine, regardless of the bike's age.

Can I purchase Engine Protection Cover as a standalone policy, or is it only available as an add-on to comprehensive bike insurance?

Engine Protection Cover is typically offered as an add-on to comprehensive bike insurance . It enhances the coverage by specifically addressing engine-related risks and is not available as a standalone policy.

What specific engine damages are covered under the Engine Protection Cover?

Engine Protection Cover typically covers damages caused by accidents, water ingress, lubricant leakage, and other unforeseen events that specifically affect the engine.

Why should I choose Shriram Car Insurance for my Engine Protection Cover?

Shriram Car Insurance stands out for its commitment to customer satisfaction and comprehensive coverage. With Shriram Car Insurance, you can expect a seamless claims process, transparent policies, and reliable support for your Engine Protection Cover.

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  • A deductible is a portion of the claim amount that the insurer deducts while making a claim settlement.
  • Deductible is expressed as a fixed amount or a percentage of the claim amount, depending on the policy terms
  • Deductible is applicable only for certain types of claims, such as own damage claims or theft claims
  • Deductible is not applicable for Third-Party claims, as the liability is borne entirely by the insurance company
  • There are two types of deductibles that may be part of the Two-Wheeler Insurance policy:
  • Voluntary Deductibles
  • Compulsory Deductibles
Read More

Types of Deductibles

Voluntary Deductible

  • Voluntary deductibles can be chosen by the policy holder at the time of policy purchase or renewal
  • A voluntary deductible allows policy holders to tailor their insurance policy according to their risk appetite and budget
  • When filing a claim, policy holders should strike a balance between their voluntary deductible and their premium amount, as a very high deductible may not be financially feasible
Read More

Compulsory Deductible

  • A compulsory deductible is a fixed percentage of the claim amount deducted by the insurer during claim settlements
  • In India, the compulsory deductible amount is determined by the Insurance Regulatory and Development Authority of India (IRDAI) and varies depending on the cubic capacity of the vehicle
  • The policy holder should carefully consider the deductible amount while choosing a policy, as it can affect the overall premium of the insurance policy
Read More

Frequently Asked Questions

What are deductibles in Two-Wheeler Insurance?

Deductibles in Two-Wheeler Insurance refer to the amount that a policy holder agrees to bear at the time of making a claim. It is the portion of the claim that the policy holder agrees to pay out of their own pocket

Is the deductible applicable to Third-Party claims under Shriram Two-Wheeler Insurance?

No, the deductible is not applicable to Third-Party claims, as liability is borne entirely by the insurance company

What is the benefit of choosing a voluntary deductible for Two-Wheeler Insurance?

Choosing a voluntary deductible can help policy holders lesser their premium amount, as they are opting to bear a higher portion of the risk 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

Two Wheeler Insurance Coverages

  • 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 bike 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.

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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 two wheeler 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.

Understanding the financial aspects of Bike Insurance is crucial for any motorcycle owner. A Bike Insurance Premium Calculator serves as a valuable tool in this realm, offering insights into the cost of insuring a two-wheeler. From evaluating factors like the bike's make and model to the policyholder's details, this calculator aids in estimating insurance premiums effectively. In this blog, we delve into the significance of a Bike Insurance Premium Calculator, its functionalities, and how it empowers individuals to make informed decisions regarding their insurance coverage.

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A Bike Insurance Premium Calculator is a tool used to estimate the cost of insuring a motorcycle. It takes into account various factors such as the make and model of the bike, the age and condition of the motorcycle, the location where it will be primarily used, the type of coverage required, and the personal details of the policyholder, among other relevant data.

What is Two-Wheeler Insurance

How is the Bike Insurance Premium Calculated?

Bike Insurance premium is determined by several key factors, typically including the following.

Insured Declared Value

Insured Declared Value (IDV)

The IDV represents the current market value of the bike. The premium is often calculated as a percentage of the IDV

Type of Coverage

Type of Coverage

The type of coverage selected—such as comprehensive coverage, own damage coverage, third-party liability, or any add-ons—affects the premium.

Cubic Capacity

Cubic Capacity

The engine capacity of the bike, often referred to as cubic capacity, can impact the premium amount.

Age of the Bike

Age of the Bike

New bikes have higher premiums than older ones because depreciation affects the IDV, which impacts the premium.

Location

Location

The area where the bike will primarily be used or parked can affect the premium due to varying levels of risk.

No Claim Bonus

No Claim Bonus (NCB)

Policyholders with a history of no claims typically receive a discount on their premium.

What are the benefits of using a Bike Insurance Premium Calculator?

Using a Bike Insurance Premium Calculator offers several benefits including the following.

Approximate Estimates

It provides an approximate estimate of the premium, allowing policyholders to budget effectively

Comparison

It enables users to compare premiums from different insurers, leading to informed decision-making.

Customisation

Users can adjust parameters such as coverage type and voluntary deductibles to see their impact on the premium

Time-saving

It saves time by quickly providing premium estimates without the need for manual calculations.

Informed Decisions

It helps policyholders understand the factors influencing their premium, empowering them to make informed choices about their insurance coverage.

Features of Shriram Two-Wheeler Insurance

How can you reduce your Bike Insurance Premium?

You can reduce the premium on the OD component of your Comprehensive Bike Insurance through the following methods.

No Claim Bonus (NCB)

No Claim Bonus (NCB)

By not making any claims during the policy period, you can accumulate NCB , which results in a reduction on the premium at the time of policy renewal.

Type of Coverage

Voluntary Deductibles

Opting for a higher voluntary deductible – the amount you are willing to contribute towards a claim – can reduce your premium. However, it's important to ensure that you can afford the deductible in the event of a claim.

Installation of Anti-Theft Devices

Installation of Anti-Theft Devices

Equipping your bike with approved anti-theft devices can lower the risk of theft and, consequently, reduce the premium.

Age of the Bik

Choose a Lower Insured Declared Value (IDV)

While this may reduce the premium, it is important to ensure that the IDV adequately covers the potential loss in case of theft or total damage.

What are the types of Bike Insurance Plans in India?

Regarding the types of Bike Insurance plans in India, there are primarily two main categories. We will discuss both in this section.

1

Third-Party Liability Insurance

This type of insurance is mandatory by law in India. It covers the policyholder’s legal liabilities towards third parties for bodily injury, death, and property damage caused by the insured bike.

2

Comprehensive Insurance

In addition to the coverage provided under third-party liability insurance, a comprehensive plan also provides coverage for damages or loss to the insured bike due to accidents, theft, natural disasters, fire, and malicious acts. It also offers personal accident cover for the owner-driver.

Additionally, there is a standalone own-damage policy. This offers coverage only for damages to the insured bike without the third-party liability component. It’s usually purchased along with the mandatory third-party policy for complete coverage.

Third-Party Bike Insurance Premium Rates

You can use the table below to find out the premium slab for Third-Party Bike Insurance .

Segments Five-year single premium for new vehicles One year term
Not exceeding 75 cc 2,901 538
Exceeding 75 cc but not exceeding 150 cc 3,851 714
Exceeding 150 cc but not exceeding 350 cc 7,365 1,366
Exceeding 350 cc 15,117 2,804

Note: The information provided above is derived from a notice released by the Ministry of Road Transport and Highways (MORTH) in March 2022 and is subject to potential changes. We recommend consulting official sources before finalising any purchase decisions.

Why should you buy Shriram Bike Insurance?

You should consider buying Shriram Bike Insurance for the following reasons.

Comprehensive Coverage

Shriram Bike Insurance provides extensive coverage, including protection against third-party liabilities, own-damage, theft, and natural calamities.

Seamless Claim Process

Shriram Insurance offers a hassle-free and efficient claim settlement process, ensuring a smooth experience during unexpected incidents.

Additional Benefits

The policy may include additional benefits such as roadside assistance, personal accident cover, and coverage for pillion riders.

Customer Service

Shriram Insurance is known for its customer-focused approach, providing excellent support and guidance to policyholders when needed.

Frequently Asked Questions

Learn more about the Bike Insurance Premium Calculator by reading through this section of questions and answers.

How does a Bike Premium Calculator work?

A Bike Insurance Premium Calculator works by taking into account various factors such as the make and model of the bike, the age and condition of the motorcycle, the location where it will be primarily used, the type of coverage required, and the personal details of the policyholder to provide an estimate of the insurance premium.

What factors are considered when using a Bike Insurance Premium Calculator?

The factors considered may include the Insured Declared Value (IDV) of the bike, type of coverage, cubic capacity, age and condition of the bike, location, and any applicable discounts such as No Claim Bonus (NCB).

Can I get an accurate premium estimate using a Bike Insurance Premium Calculator?

While a Bike Insurance Premium Calculator can provide a close estimate, the final premium may vary based on additional factors considered during the underwriting process by the insurance provider.

How can I use a Bike Insurance Premium Calculator to compare quotes from different insurers?

Users can input the same details into the calculators of different insurers to compare the premium estimates and coverage options offered by each provider.

Are the results from a Bike Insurance Premium Calculator binding, or are they subject to change?

The results from the calculator are an estimate and are subject to change based on the insurer’s underwriting process, additional information, and policy terms and conditions.

What are the benefits of using a Bike Insurance Premium Calculator?

Benefits include getting an estimate of the insurance premium, the ability to compare quotes from different insurers, customisation of coverage options, and time-saving in obtaining premium estimates.

Is it necessary to provide personal information to use a Bike Insurance Premium Calculator?

While some personal information such as age, location, and bike details may be required for more accurate estimates, it varies by insurer and the specific calculator being used.

Will the premium calculated by the tool be the final premium I pay, or are there additional charges to consider?

The premium calculated by the tool is an estimate, and there may be additional charges or discounts applied by the insurer during the final underwriting process.

Can I use a Bike Insurance Premium Calculator for renewing an existing policy?

Yes, a Bike Insurance Premium Calculator can be used for renewing an existing policy to estimate the premium for the upcoming policy period.

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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

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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

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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.

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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.

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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,

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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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