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  • Shriram Two Wheeler Insurance Policy

     4.0 / 5.0   by 18 users
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    Plan Benefits

    Policy Coverage

    Customer Service

    Claim Experience

     Overview :

    If you have a two wheeler, you don’t have to worry about any loss arising out of injury, third party liability, damage or theft if you opt for the two wheeler insurance plan offered by Shriram General Insurance. This two wheeler insurance policy offers overall coverage in the event of any unforeseen incident involving your vehicle. By availing an insurance cover for your two wheeler vehicle from Shriram General Insurance, you are assured of instant accessibility to their services online as well as customer care assistance 24*7.

    Benefits of Shriram Two Wheeler Insurance Policy :

    • Online accessibility: You can instantly purchase and renew your two wheeler insurance online, using the Shriram General Insurance website. You can also register a claim and track the status of your request online.
    • 24*7 Customer Assistance: A dedicated team of customer service executives are available 24*7 to provide assistance to the policy holder with regards to any query/ concern related to the policy or for claims assistance.
    • Cashless Claims: This policy also offers the opportunity to avail cashless claim at authorized garages.
    • Premium: This two wheeler insurance policy offers greater coverage at lower premium, compared to policies from other insurance providers.

    Features of Shriram Bike Insurance Plan:

    No Claim Bonus

    The No Claim Bonus that has been accumulated by the policy holder from another insurance provider can be transferred to the existing/new two wheeler insurance policy from Shriram General Insurance. A policy holder is eligible to avail up to 50% NCB (No Claim Bonus) when he/she has transferred the two wheeler insurance from another insurance provider.

    Sum Insured

    The two wheeler insured under the Shriram Two Wheeler Insurance Policy, will be given a fixed rate, i.e., the IDV (Insured Declared Value). The Insured Declared Value is the maximum sum assured that is offered by the insurance provider in the event of total loss or theft of the two wheeler. This takes depreciation into account and deducts the same from the selling price of the two wheeler, as listed by the manufacturer.

    Premium Computation

    The premium that has to be paid by the policy holder in order to avail the Shriram Two Wheeler Insurance Policy depends on various factors such as the weight of the bike, the displacement of the engine, age of the vehicle, Insured Declared Value (IDV) and the location where the vehicle has been registered in.

    Cover Offered under the Shriram Bike Insurance Policy :

    Shriram Two Wheeler Insurance Coverage

    Damage/ Loss of the Vehicle

    In the unfortunate event of damage to the vehicle or loss of the insured two wheeler due to man-made or natural disasters, this two wheeler insurance policy offers full coverage.

    Man-made Calamities

    Shriram Two Wheeler Insurance Policy offers cover for man-made calamities such as theft, strike, burglary, riot, terrorist activity, accident caused by third party, malicious act, damage to vehicle while in transit by road, lift, rail, elevator, air or inland waterway, and so on.

    Natural Calamities

    This two wheeler insurance policy covers any loss or damage arising out of natural disasters such as explosion, fire, lightning, flood, earthquake, self-ignition, hurricane, tempest, typhoon, storm, inundation, hailstorm, cyclone, rockslide, landslide, frost, etc.

    Third Party Liability

    Any legal liability arising out of injury or death of a third person due to an accident directly involving the insured two wheeler vehicle will be covered by Shriram General Insurance Company Ltd.

    Third Party Property Liability

    If the insured two wheeler vehicle causes any damage to a third party property, the insurance provider will offer a cover worth maximum Rs. 1, 00,000 under this policy.

    Add-On Covers

    By paying some extra premium, a policy holder can purchase add-on covers such as the following:

    Personal Accident Cover

    The policy holder can avail this extension to the two wheeler insurance policy to ensure coverage for the passengers and paid diver of the vehicle. The cover for the passengers depend upon the seating capacity and the passengers will include your parents, children, spouse, etc. This cover is available for a minimum of Rs. 10,000 to a maximum of Rs. 2, 00,000.

    Cover for Electrical and Electronic Accessories

    At an additional premium you can also avail coverall for all electronic or electrical fittings on your two wheeler.

    Feature Discount

    Another extension to the policy is an attractive feature discount which you can avail at a nominal fee.

    Exclusions under the Shriram Two Wheeler Insurance Policy :

    • Damage or loss that arises out of deliberate negligence
    • Damage or loss inflicted on the insured or third party if they are driving under the influence of alcohol or drugs.
    • Damage or loss arising out of usage of the vehicle by an unlicensed individual or diving outside the limitations of proper use of the vehicle.
    • Damage or loss arising out of any radioactivity, nuclear war or nuclear weapons.
    • Electrical or mechanical failure/ breakdown/ breakages, wear and tear, consequential loss or depreciation.
    • Damage or loss arising out of any war or related activities.
    • Policy deductibles – a portion of the claim that has to be paid by the policy holder. The higher the amount paid by the customer, the greater will be the discount on the two wheeler insurance premium.

    Shriram Bike Insurance Policy Claims Procedure :

    Shriram General Insurance offers assistance around the clock for claims notification and registration. IT also assures same day assistance and survey of the insured vehicle. The status of the claims process can be easily tracked online or retrieved from the customer care executives once you provide the required details.

    Shriram Two Wheeler Insurance Plan FAQs :

    1. Can I purchase Shriram two wheeler insurance policy online?

      Yes, you can instantly purchase Shriram two wheeler insurance policy online. You can avail special benefits such as a discount of 40% on the premium when you purchase the policy online.

    2. What is the validity period of my Shriram two wheeler insurance policy?

      The Shriram two wheeler insurance policy is valid for a period of 12 months, after which it should be renewed.

    3. What are the modes of online payment of premium that is available?

      You can pay the premium online through the Shriram General Insurance website by using your net banking facility, Cheque or by using your credit card/ debit card.

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

    Two-Wheeler Insurance Reviews

  • Page 1 of 1
    • Shriram Two Wheeler Insurance
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      It was an very good service from SRIRAM finance ,representatives where also very helpful . Interest rate was also good and I have to pay 1800 every year ,overall it was excellent service from SRIRAM finance I am very happy with their service till now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 19, 2017
    • Shriram Two Wheeler Insurance
      "Better Policy to use"
      0.5 4.0/5 "Great!"
      I don't have any claim experience with Shiram 2 wheeler insurance policy. I am holding this policy for past 2 years. I paid around Rs.2500 to renew the policy this year. The reminders will be sent via mails and text message by Shriarm general insurance company to renew the policy before the due date.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 02, 2017
    • Shriram Two Wheeler Insurance
      "Excellent Insurance"
      0.5 5.0/5 "Blown Away!"
      I got a zero % 2 wheeler insurance policy with Shriram general insurance. I am renewing the policy with the shriram for past 2 years. I paid only Rs.2500 to renew the policy, because I never got any claim experience so they gave 5 % discount while renewing the policy. The plan benefits and the policy coverages are really good with Shriram. I am satisfied holding this shriram 2 wheeler insurance.
      Was this review helpful? 0
      , agra
      Reviewed on Jul 01, 2017
    • Shriram Two Wheeler Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have insured my two wheeler with the Sri Ram Insurance company and the services were an excellent one Iam with them from past eight months and they are good Coverage value is around 70% with third party as per the leaf let. . I pay about Rs.1200 to renew this policy I don't have any claim experience with them till date.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jun 15, 2017
    • Shriram Two Wheeler Insurance
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Shiram Finance 2 wheeler insurance is good, I did not have any kind of claim experience on my 2 Wheeler insurance policy with SHIRAM Finance. I pay about Rs.2200 to renew this policy. Even the plan benefits and policy coverage is excellent with this policy., I had taken a bajaj discover motor bike for which I had taken this insurance.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on Jun 07, 2017
    • Shriram Two Wheeler Insurance
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken my two wheeler insurance from Shriram general insurance. The process of getting the policy papers was normal. They could provide more benefits apart from the 100 % recovery on the bike damages. The tenure is for a year and overall it is a average experience.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 24, 2017
    • Shriram Two Wheeler Insurance
      "AVERAGE"
      0.5 1.0/5 "Really Bad"
      I am not sure about the policy benefits of SHRIRAM GENERAL INSURANCE.. I don't have any experience till date.Iam paying around 2260/- Rupees as premium per annum.If i would like to say about customer service is just OK from my point of view..
      Was this review helpful? 0
      , vijayawada
      Reviewed on Feb 13, 2017
    • Shriram Two Wheeler Insurance
      "Outstanding Service"
      0.5 5.0/5 "Blown Away!"
      Its been seven years now i have taken this national insurance and i have kept paying yearly once is 800/- and the most good part is it will all the insurance ex: If bike gets exaggerated some parts will not covered.But in this it will covered fully..Thats why i like this insurance.
      Was this review helpful? 3
      , pondicherry
      Reviewed on Feb 05, 2017
    • Shriram Two Wheeler Insurance
      "Health insurance"
      0.5 3.0/5 "Satisfactory"
      My father had selected this insurance company I am not sure why. I am not sure about the policy benefits. I normally make the payment on a yearly basis. I had to pay about rs 400 to rs 500 for the same. In case of claim I would have to check with the dealer.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Oct 26, 2016
    • Shriram Two Wheeler Insurance
      "No clarity in documents"
      0.5 3.0/5 "Satisfactory"
      I had taken a new two wheeler last year and for this I had the insurance taken with Sriram finance by default from the dealer. I pay around Rs.1K and I feel the documentation was not clear enough regarding the claim benefits as well as the insurance value. It has personal accidental cover.
      Was this review helpful? 1
      , tiruchirapalli
      Reviewed on May 04, 2016
    • Shriram Two Wheeler Insurance
      "Easy approach"
      0.5 3.0/5 "Satisfactory"
      I have insured my two wheeler with the Shriram general insurance company. The response is good with them and the customer service is fine. Policy coverage value is good for my bike and i am paying around 3000 Rupees as the premium per annum.
      Was this review helpful? 3
      , jaipur
      Reviewed on Apr 07, 2016
    • Shriram Two Wheeler Insurance
      "Satisfied..."
      0.5 3.5/5 "Pretty good"
      Third party insurance it is and all the parts like glass, metal, fiber and engine are being covered. Moreover the Shriram general insurance company would pay for third parties. Premium is somewhat fine and I took it for one year. So far I am satisfied. They are keep updating the status regarding two wheeler insurance.
      Was this review helpful? 1
      , agra
      Reviewed on Feb 01, 2016
    • Shriram Two Wheeler Insurance
      "satisfactory..."
      0.5 3.0/5 "Satisfactory"
      There is no online as I was unable to find online option for payment so I dropped two wheeler insurance form Shriram General insurance. I continued with them for five years because the premium was less. Claim bonus will he there and that will be reduced on the premium. For regular people Shriram will be good. We need to talk to the agents for any queries.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2016
    • Shriram Two Wheeler Insurance
      "Not very happy.."
      0.5 1.0/5 "Really Bad"
      I had two wheeler insurance but one for I haven't renewed that. While I was using the services of Shriram General insurance they did not offer no claim bonus. I am not much satisfied as dealer provided this insurance. Shriram general insurance did not explain their terms and conditions before giving the insurance. Premium is around 930 rupees.
      Was this review helpful? 1
      , chennai
      Reviewed on Nov 06, 2015
    • Shriram Two Wheeler Insurance
      "Easily available in the market!"
      0.5 5.0/5 "Blown Away!"
      Shriram Two wheeler insurance is renewed on yearly basis. I am paying around 1K and change for the renewal. Since then I did not made any claim from them for my two wheeler. They are easily available in the market, I would suggest them to improve their customer service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 24, 2015
    • Shriram Two Wheeler Insurance
      "Average"
      0.5 2.0/5 "Expected more"
      I am having the two wheeler which got insured with the Shriram general insurance company. I am paying around 1600 Rupees and the total insured value of the vehicle is around 65000 Rupees. Its been advised from the bank where I got the loan for my two wheeler.
      Was this review helpful? 0
      , vijayawada
      Reviewed on Sep 05, 2015
    • Shriram Two Wheeler Insurance
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have not yet had any claim experience with Shriram general insurance for my two wheeler. The services are good. But not sure of their process and services when their is a claim. The premium is on a yearly basis. I been renewing my insurance for the last five years.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 05, 2015
    • Shriram Two Wheeler Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I am having the two wheeler insurance with the shriram general insurance.The premium is really good for me.I still dint faced any of the problems with them.It have been dealt by the dealers and not by ourselves.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 11, 2015
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