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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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Shriram Two-Wheeler Insurance Premium Components

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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Blogs

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

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

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

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

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Car-to-Car Communication (V2V): How It Can Reduce Accidents?

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Car-to-Car communication enables cars to share real-time data about their speed, location, position, etc., with other vehicles. This information exchange creates situational awareness. It alerts drivers about the traffic ahead and the presence of vehicles in blind spots, which leads to reduced road accidents. The tech uses several wireless transmitters to create a connected ecosystem where cars can ‘talk’ to each other. It helps people by warning drivers about potential dangers that are not yet visible. If you’re new to this crash avoidance technology, then this blog will give you all the information you need to get a conceptual understanding.

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