Insurance is like a spare tyre. You may not require it, but not having one is not an option.

Shriram Car Insurance

Every car owner should consider buying a car insurance policy that will protect him/her from financial loss caused by damage to the car. Shriram General offers great car insurance plans that have beneficial features and exciting discounts.
 4.5 / 5.0   by 13 users
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Policy Coverage

Customer Service

Claim Experience

Cashless Garages

Shriram General Insurance is a Joint Venture between Shriram Capital Ltd 74% and Sanlam Limited (South Africa) 26% as of Sept 2012. Shriram General Insurance offers products like Motor Insurance, Liability Insurance, fire Insurance, Engineering insurance, Marine Insurance and more.

Key Benefits of Shriram Car Insurance

So you’re stranded almost nowhere

Cashless Claim Networks

Cashless claim service over 2000+ authorized network of garages across India

Don’t we love a good discount?


Discount for opting higher voluntary excess which will allow you save upto 40% on car insurance premium

Help is always at hand

Accidental Cover /Customer Support

1% of sum assured is payable every month from the end of month of accident for a guaranteed period of 10 years or till the end of the rider term whichever is higher.

Add-on Covers for Shriram Car Insurance

Depreciation cover for Shriram Car Insurance

Depreciation Cover

Zero depreciation entitles you to receive a full claim on the cost of the parts that are to be replaced after an accident.

Invoice price cover for Shriram Car Insurance

Third Party Cover

Protection from liability towards third parties for personal injury and property damage.

Personal Accident cover for passengers

Personal Accident Cover

Personal Accident cover is available from Rs. 10,000/- to a maximum of Rs. 200,000/-

*These Features may be included as part of different products and are subject to the insurer's terms & conditions.

Inclusion & Exclusion in Shriram Car Insurance

No capers without the required papers!


Covers Man made calamities like strike, fire, riot, theft, malicious act etc.

Drink OR drive. There’s only one choice


If the Company alleges that by reason of this exclusion, any loss, damage, cost or expenses is not covered by this insurance.

*These Features may be included as part of different products and are subject to the insurer's terms & conditions.

Shriram Car Insurance Policy Highlights Updated on 19 Jan 2019

Features Specifications
Third Party Cover Upto 7.5 L
Incurred Claim Ratio* 103.18%
Net Earned Premium* 1639.73

*For Year 2016-2017

Shriram Car Insurance


The name ‘Shriram Group’ holds a special significance in India- a title classically associated with wealth management and other initiatives that are primarily aimed at the Indian middle class or the ‘Aam Admi’. Continuing the trend, the Shriram Group has forayed into the competitive yet highly lucrative general insurance sector with an undertaking branded as ‘Shriram General Insurance’. This is a 74:26 percent collaboration between Shriram Capital Ltd. and Sanlam Limited, a leading diversified financial services group from South Africa that boasts of market capitalization in excess of $6 billion.

For over three decades, Shriram General Insurance (SGI) has proven it’s mettle as a company that puts customer benefits and comfort over corporate goals and expectations, working hard at the grassroots to build value and drive awareness. In recent times, SGI has paid particular attention to the inculcation of newer technologies and IT to make it’s business more accessible to it’s target audience, thereby also earning the prestigious ‘Excellence in Growth Award’ for 2011 and 2012.

Private Car Insurance from Shriram General Insurance

Acquiring Car Insurance from Shriram General Insurance takes all of 5 minutes. This is an exclusive online option wherein documentation isn’t required. Further, save upto 40% on your premium payments and enjoy a relaxed and hassle-free claims settlement cycle if an unfortunate accident befalls your cherished vehicle. Remember, the claim settlement procedures at SGI have been designed with ‘you’ in mind.

SGI provides you comprehensive motor insurance that covers natural and man-made accidents/calamities such as earthquakes, floods, lightning etc. as well as personal accidents and third-party liability wherein your vehicle may have caused or was part of an accident that resulted in the loss or damage to third-party property. The policy excludes normal wear and tear, depreciation etc.

Key Highlights & Features of Shriram General Insurance

  • Protects you from financial loss incurred due to the damage or loss to your vehicle.
  • In case your car has been in an accident that results in injury, damage or loss of third-party property or life, then this policy has you covered for that eventuality.
  • The policy also protects you financially if your vehicle has been in an accident that resulted in injury to you (personal accident) or your family who might have been sharing the vehicle with you through the unfortunate event.
  • Unique add-on covers are available that enhance the quantum of protection available to you and your family.
  • Your investment in terms of accessories for your vehicle- CNG kit, electrical and non-electrical add-ons etc. can also be protected under this policy.
  • Purchasing this policy is super simple, fast and takes all of 5 minutes online.
  • Save upto 40% on subsequent car insurance premium.
  • A network of special garages allows you the option of direct settlement.
  • A proven, completely stress-free claims settlement process.

Sum Insured per the SGI Motor Insurance

As per prevalent Indian laws, all vehicles are insured at a fixed value that is termed the Insured’s Declared Value (IDV). Herein, the IDV is the max amount payable in the event of a claim raised in relation to the total loss or theft of the vehicle. This number is calculated on the basis of the manufacturer’s listed selling price of the vehicle, while deducting the inevitable depreciation for every subsequent year as per the schedule listed by the Indian Motor Tariff.

FAQ’s about Shriram General Insurance

  • How long is the SGI Motor Insurance policy valid for?
  • The policy remains in force for 12 months from the date of commencement.

  • Why must I purchase the SGI Motor Insurance?
  • SGI has designed it’s Motor Insurance policy with you in mind. The following features should probably answer your query-

    • ✓Buy online in under 5 minutes.
    • ✓Avail upto 40% discount on the insurance premium when you buy the policy online.
    • ✓Absolutely no documents needed with the online policy purchase.
    • ✓Easy payment options via Credit or Debit Cards and Net Banking.
    • ✓Maximum security levels for all online transactions.
  • Will my vehicle be covered if at the time of accident, it was driven by someone else?

    Definitely. In all conditions, our liability follows your vehicle. Thus, if the said driver had your permission and was driving with a valid license then the policy will still apply.

  • Can I make changes to my policy?

    All subsequent changes can be affected using a document known as an ‘endorsement’. This is a document that includes changes in the terms and serves as a written evidence of an agreed change to your policy. The wordings in this document are provided by SGI and can also be used to record instances such as change of address, name, and change of the model of the vehicle.

In Conclusion,

Shriram General Insurance is a home-grown car insurer that understands the advantages of being a ‘people first’ company. With processes and policies that are simple to subscribe to, a very robust customer-support initiative and the sure standing as a serious contender in the Indian motor insurance scene, SGI must surely have your vote when it comes to insurance for your dream set of wheels. Why wait? Apply Now!

This Insurance Company has not partnered with For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017

Shriram Car Insurance Reviews

Page 1 of 1
  • Shriram Car Insurance
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    I had taken this insurance policy almost three years back and i had been paying the premium amount of 18,200 per year. There has been cash less garages available with them and the payment method with them has been easy as well. There has not been any claims which had made so far.
    Was this review helpful? 2
    , hyderabad
    Reviewed on Dec 20, 2018
  • Shriram Car Insurance
    "More than satisfactory"
    0.5 5.0/5 "Blown Away!"
    My car insurance is with Shriram Finance. The services and response is good. I was able to get the policy on time and with ease. They have also provided a good policy coverage. There are good benefits like road side assistance and the premium is normal.
    Was this review helpful? 1
    , indore
    Reviewed on Sep 07, 2018
  • Shriram Car Insurance
    0.5 4.0/5 "Great!"
    I have got my car insurance from the SHRIRAM GENERAL INSURANCE through the showroom where i have got the car. I am holding it since last 1 year and 8 months. Actually i had a no claiming experience with the insurance for my car. Coverage is good in my insurance.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jul 01, 2018
  • Shriram Car Insurance
    "Good service"
    0.5 4.0/5 "Great!"
    Recently I have renewed the car insurance from the SHRIRAM GENERAL INSURANCE company. The customer support service and the response is good with the Shriram because they give reminders to renew the policy before the due date. I have paid Rs,12,000 to renew the car insurance from the SHRIRAM GENERAL INSURANCE company.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Apr 19, 2018
  • Shriram Car Insurance
    "Good policy with SHRIRAM GENERAL INSURANCE"
    0.5 3.5/5 "Pretty good"
    From SHRIRAM GENERAL INSURANCE i have taken a car insurance and the premium comes around 7100. This policy includes the benefits of bumber to bumber, cashless garages and accidental coverage to the car. But they wont give any coverage for the plastic parts of the car.
    Was this review helpful? 0
    , ludhiana
    Reviewed on Mar 08, 2018
  • Shriram Car Insurance
    "Good policy to use"
    0.5 4.0/5 "Great!"
    I have a Car insurance with Shriram Insurance from last 10-11 months and it is a good insurance policy to use. This policy has to be renewed every year and i pay a premium of Rs 6500 for this insurance. I do not have claim experience so far with this insurance. They cover third party damages and bumper to bumper. I am happy with the coverage of this policy.
    Was this review helpful? 0
    , jaipur
    Reviewed on Jan 25, 2018
  • Shriram Car Insurance
    "Average service"
    0.5 3.0/5 "Satisfactory"
    I renew my 4 wheeler insurance policy with Shriram general insurance for past 2 years. I paid around Rs.12,000 to renew the policy this year, The plan benefits are good with this policy. They don't give any kind of reminders to renew the policy before the expiry date. I would say it is an average service from Shriram general insurance.
    Was this review helpful? 0
    , dindigul
    Reviewed on Aug 12, 2017
  • Shriram Car Insurance
    0.5 5.0/5 "Blown Away!"
    I am having the car insurance policy with the shriram general insurance company. The services are good with them and the premium is around 11000 Rupees, also the insured value is around seven lakh Rupees. Customer service is good with them.
    Was this review helpful? 1
    , coimbatore
    Reviewed on Mar 28, 2016
  • Shriram Car Insurance
    "Good "
    0.5 4.0/5 "Great!"
    I have insured my car shriram general insurance company and the customer service is good. The response is good and am really happy for that. I am paying around 7480 Rupees per annum and the total insured value is around 2.8 lakh Rupees.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Mar 25, 2016
  • Shriram Car Insurance
    "Good services"
    0.5 4.0/5 "Great!"
    My car insurance is from Shriram general insurance. The services are good. I been getting alerts from them. The coverage is average. The whole vehicle is insured. The premium is on a yearly basis.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Nov 19, 2015
  • Shriram Car Insurance
    "Premium is fine..."
    0.5 5.0/5 "Blown Away!"
    Usually I renew the car insurance on yearly basis and the insurance is of full coverage where it covers entire parts. First parties are covered and actually Shriram General insurance is covering 6 people totally. I have researched with different companies and the premium 21k is less in Shriram.
    Was this review helpful? 2
    , coimbatore
    Reviewed on Sep 09, 2015
  • Shriram Car Insurance
    "No Much Benefits..."
    0.5 2.0/5 "Expected more"
    I have a car insurance from Shriram general insurance company. The premium they charge annually is high than the loan amount which I took to buy this car. I do not get much benefits. I have no claim experience. It will be good if they can reduce the premium amount charged.
    Was this review helpful? 0
    , chennai
    Reviewed on Aug 24, 2015
  • Shriram Car Insurance
    0.5 4.0/5 "Great!"
    Most recently I took car insurance and got all papers related to insurance. Actually I got this insurance by applying over online. For car insurance offers and benefits are same but quotation of premium is less in Shriram General Insurance than other companies. Zero dept is the plan where it covers front to end bumber. While claiming for any kind of accident we just need to pay service charge of 1400 to insurance company.
    Was this review helpful? 0
    , vadodara
    Reviewed on May 12, 2015
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