Shriram Car Insurance Insurance

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 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:

Benefits of Shriram Car Insurance

• Financial Protection Covers financial losses due to damage or loss of your vehicle from accidents, theft, or natural calamities.

•  Third-Party Liability Cover Protects you against legal and financial liability for injury, death, or property damage caused to a third part

•  Personal Accident Cover Covers you and your family members for injuries or death caused due to a vehicular accident.

• Add-On Covers Enhance your policy with unique add-ons tailored to your specific needs and requirements.

•  Quick & Easy Purchase Buy your policy online in just 5 minutes with minimal paperwork and documentation.

•  Stress-Free Claims Enjoy a smooth, transparent and completely stress-free claims settlement process.

Types of Shriram Car Insurance Policies

  Shriram General Insurance Company offers 3 types of car insurance policies for private car owners:  

1. Third-Party Liability Policy

•   As per the Motor Vehicle Act of 1988, this is the minimum insurance requirement to legally drive on Indian roads. 
•   Covers injury, death, or property damage to a third party
•   Does NOT cover damage to your own car

2. Standalone Own Damage (OD) Policy 

• Provides coverage against own damages sustained by the insured car due to unexpected events like a road accident.

•   Covers damage to your own car

•   Does NOT cover third-party liabilities  

•   Must be bought along with a Third-Party policy  

3. Comprehensive Car Insurance Policy

•   A combination of a Third-Party and Own Damage (OD) Policy — so you get the coverage of both plans.  

• Covers your own car damage

• Covers third-party liabilities

• Covers natural calamities (flood, cyclone, earthquake)

• Covers theft, fire, riots, vandalism

•   Optional Add-ons available

Shriram Car Insurance Add-Ons

Zero Depreciation Cover

• Covers the depreciation deducted from repaired or replaced car parts during a claim

•   You get the full claim amount without any depreciation deduction  

•   Best for new cars and cars up to 5 years old

 Daily Reimbursement Cover

• Assists policyholders with conveyance expenses when their damaged car is out for repair

•   Covers your daily travel expenses like taxi or auto fare

•   Amount of reimbursement depends on the insurance premium

How to Renew Shriram Car Insurance

• Step 1: Visit the official website shriramgi.com and click on "Car Insurance" on the homepage

• Step 2: Click on "Renew Shriram Policy" link on the left-hand side of the page

• Step 3: Enter your details using one of the search options:
  • Option A -- Enter your Policy Number + Registration/Chassis/Engine Number
  • Option B -- Enter your Mobile Number + Registration Number

• Step 4: Check and verify all your policy details carefully

• Step 5: Make payment online via Debit Card / Credit Card / Net Banking

• Step 6: After successful payment, you will receive your policy papers on your registered email

How to File a Claim Under Shriram Car Insurance

Step 1: Inform Shrimp General Insurance Call the 24/7 helpline (1800-300-30000) or notify them online within 24 hours of the incident.

Step 2: File an FIR (if required) For theft or third-party accidents, visit the nearest police station and file an FIR immediately.  

Step 3: Document the Damage Take clear photos/videos of the damaged vehicle and gather all relevant details like date, location, and witness info.

Step 4: Submit Your Documents Provide your policy number, driving licence, RC book, FIR copy (if applicable), and filled claim form to the insurer.

Step 5: Vehicle Inspection & Settlement A surveyor will inspect your car; once approved, repairs are done at a network garage or reimbursement is credited to your account.

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.

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!

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