Gray-Image
24*7 Claim Notifications

24*7 Claim Notifications

Almost 100% Paperless

Almost 100% Paperless

Best Claim settlement Awards 2022

Best Claim settlement Awards 2022

previous
  • 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
next

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

partitionline
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).

What our customers say ?

4.6

1753+ Customer Ratings

View all
customer

MARCUS MANOHAR PARKHE

Mr. Khalil, your Executive was very coperative. the overall experience was very good. Thank you.

customer

ANIL KUMAR HP

Good

customer

VAISHALI VAIBHAVKUMAR PANDYA

very good

customer

CHAUDHARI JASAVANTKUMAR

Good

customer

AKRAM KHAN

Good

left-arrowright-arrow
Quote

Blogs

Smart Roof Racks and Car Storage Solutions for Adventure Enthusiasts

Smart Roof Racks and Car Storage Solutions for Adventure Enthusiasts

Posted on 2026-02-02 12:38:40

If you enjoy road trips, camping, cycling, or simply love escaping the city whenever possible, you would have noticed how carrying the right adventure gear can be a big challenge. Cabin space is limited, and it isn’t designed to accommodate bulky or oversized equipment, such as cycles or camping tents. It is where modern car storage solutions and smart roof racks can help. Since these systems can help you carry adventure gear safely and securely on the car’s roof, you don’t have to worry about stuffing gear into footwells or blocking rear visibility. Their versatile and sturdy design makes them the perfect choice for carrying a wide range of gear, which qualifies them as a timeless storage solution for everyone. This blog provides more information about these adventure gear storage and car storage solutions so you can decide whether you need them.

Ceramic Coating vs. Car Wax: What’s Better for Your Car?

Advantages of Ceramic Coating vs. Traditional Car Wax for Paint Protection

Posted on 2026-02-02 11:23:24

Applying traditional car wax to your car’s surface can make it look glossy, but would you use it knowing it would only last a few weeks or months? It’s a dilemma many car owners experience. While they want their cars to have superior gloss and shine, they also want long-lasting performance. This requirement prompted many car owners to switch to ceramic car coating. Unlike traditional car wax, ceramic coating doesn’t fade within a few months. If you hire a professional for a precise application, it can last several years and provide supreme, long-lasting protection. In this blog, we’ve shared a detailed analysis of ceramic coating vs. car wax to help car owners make an informed choice.

Upgrade Driver Experiences with Digital Instrument Clusters

How Digital Instrument Clusters Enhance Driver Experience

Posted on 2026-02-02 06:47:14

For most car owners, their vehicle’s dashboard is the main way the car ‘talks’ to them. In most old cars, this communication was limited. It only featured a speed needle, a fuel gauge, and a few warning lights that often appeared only when something was already wrong. Besides sharing limited information, it was also challenging to understand because drivers had to interpret needles and symbols while driving. Thankfully, these concerns have been fixed by digital instrument clusters. These clusters have transformed dashboards into a smart, easy-to-read display. It shows precisely what the driver needs when they need it, and in a way that’s easy to understand at a glance. Since digital instrument clusters present information visually and logically within the driver’s line of sight, driver experience becomes more controlled, less stressful, and far more reassuring. If you’re new to these clusters, this blog will help you understand their role in enhancing driver experience.

View all

Bike Insurance in Indian Cities

Bike insurance in agra
Bike insurance in delhi
Bike insurance in coimbatore
Bike Insurance in Bangalore
Bike insurance in dehradun
Bike insurance in jaipur
Bike Insurance in Indore
bike insurance in ahmedabad
Bike insurance in pune
Bike insurance in gurgaon
Bike insurance in mumbai
Bike insurance in Bhopal
Quick renewal Quick renewal
bimabharosa
Back to TopBack to top of the pageBack to top of the page

IRDAI Consumer Education:- Insurance is the subject matter of solicitation. IRDAI Registration Number - 137. CIN No. U66010RJ2006PLC029979. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

Terms and Conditions |Refund and Cancellation© 2023 Shriram General Insurance. All rights reserved.