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Your recent quote

Vehicle Model

Maruthi Wagan R

Premium Amount

₹ 1326 +GST

NCB Discount

25 %

24*7 Claim Notifications

24*7 Claim Notifications

Almost 100% Paperless

Almost 100% Paperless

Best Claim settlement Awards 2022

Best Claim settlement Awards 2022

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  • Overview
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  • Third-Party Motor Insurance
  • Comprehensive Motor Insurance
  • Calculate Premium
  • Save On Premium
  • Renewal Benefits
  • IDV
  • NCB
  • Zero Depreciation
  • Deductibles
  • Types of Shriram Motor Insurance
  • Coverages
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  • Premium Components
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  • Claim Process
  • Terminologies
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Shriram Motor Insurance Premium Components

A motor insurance premium is an amount paid by an insured to an insurer for purchasing a policy. Shriram Motor Insurance premium calculation will be based on various factors, such as the policy chosen, cover types, add-ons and policy period

Third-Party (TP) Premium

Third-Party (TP) Premium

The government of India has made third-party liability insurance mandatory. TP premiums are calculated based on the cubic capacity of the vehicle’s engine

Own-Damage Premium

Own-Damage Premium

It is a part of the premium, one pays to get coverage against various natural and man-made disasters. Each insurance company will have its own pricing for an Own Damage (OD) premium

Compulsory Personal Accident Cover

Compulsory Personal Accident Cover

Recently, the government has made Personal Accident coverage mandatory for car owners/drivers due to the rise in injury cases. For risk cover, Rs. 15 lakh is the minimum sum insured

Add-ons

Add-ons

Add-ons are additional covers for the vehicle’s enhanced protection. The premiums depend on the type of add-on chosen by the insured. Some of the popular add-ons are zero depreciation cover, motor protection cover, roadside assistance, engine and tyre protection cover

Frequently Asked Questions

How does the motor insurance premium gets calculated?

The Motor Insurance premium is based on:

  • IDV
  • Cubic Capacity
  • Geographical Zone
  • Age of the Vehicle
  • Add-on Covers

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vehicle

Maruthi Wagan R

TN32TY6799

NCB Discount: 25 %

Benefits Covered

Premium Amount

₹ 1326 +GST

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