Motor-Insurance @ Shriram General Insurance

Products

Motor Insurance

Please be informed that Third Party Motor Insurance is compulsory!!!

Under the provisions of Motor Vehicles Act, all vehicles that ply in public places must have an insurance policy that at least covers "Third Party Liability" as specified under the Act.

Shriram Motor Package Policy provides:

Protection from a financial loss arising out of loss or damage to your vehicle.

Protection from liability towards third parties for personal injury.

Compensation for death and property damage on account of any accident involving your vehicle.

What does the Policy Cover?

Loss or damage to your vehicle: The policy covers you against any loss or damage caused to the vehicle due to the following natural and man made calamities.

Natural Calamities: Fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide, rockslide.

Man made Calamities: Burglary, theft, riot, strike, malicious act, accident by external means, terrorist activity, any damage in transit by road, rail, inland waterway, lift, elevator or air.

Personal Liability: Unlimited coverage i.e. whatever the court awards as your liability to the “Third Party” due to accidental death or injuries caused by your vehicle will be met by Shriram General Insurance Company Ltd.

Property Liability: In case of your vehicle causing “Third Party” property damage, Shriram General Insurance Company will offer to compensation up to Rs. 100,000/- in case of 2Wheelers and Rs. 750,000/- in case of Private Cars/Commercial Vehicle.

What does the Shriram Policy not Cover?

Accidental loss or damage suffered whilst the insured or any person driving with the knowledge and consent of the insured is under the influence of intoxicating liquor or drugs

Accidental loss or damage caused due to Willful Negligence

Loss or Liability while the vehicle is used outside the scope of limitations of use and / or being driven by a person not duly licensed.

Consequential loss, depreciation, wear & tear, mechanical and electrical breakdown/failure or breakages

Loss connected to nuclear or radioactivity or nuclear weapons

Loss connected with war and related activities

Policy deductibles: The first amount of each and every claim which you should bear. You can choose this amount as per the limits. The higher limit you choose, the greater the discount on the premium.

Additional Features:

To further protect you and your near and dear ones commuting in the vehicle with you, we offer a range of value added extensions to your Motor Insurance Policy at a nominal additional premium.

Electrical & Electronic Accessories: Your electrical & electronic accessories can also be covered.Your electrical & electronic accessories can also be covered.

Bi-Fuel System (CNG/LPG Kit): Your CNG/LPG Kit can also be covered.

Personal Accident: You can avail of this cover for yourself (as the insured), for the driver of your vehicle (in case you have a paid driver) and unnamed passengers as per the seating capacity of the vehicle. Unnamed passengers can include your spouse, children, parents, etc.

The Personal Accident cover is available from Rs. 10,000/- to a maximum of Rs. 200,000/- (in multiples of Rs. 10,000/-).

Legal liability towards your employees: Through this extension, you will be compensated for any legal liability towards your employees that may arise due to an accident involving the vehicle.

Towing Charges: Reimbursement of towing charges as per policy wording.

Claim Service:

We will take 24X7 claim notification service

Timely customer contact and assistance

Survey and assistance within a day

We shall ensure that quality of claim settlement and customer satisfaction are taken care of in each and every step of claim settlement.

Simple Claims Procedure – Hallmark of our corporate philosophy and approach.

Claimant can know his claim status at any time from us.

Next Steps