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Overview
Features And Benefits
Third-Party Passenger Carrying Vehicle Insurance
Comprehensive Passenger Carrying Vehicle Insurance
Calculate Premium
Save On Premium
Renewal Benefits
IDV
NCB
Deductibles
Types of Passenger Carrying Vehicle Insurance
Coverages
Compare Plan
Premium Components
Eligibility and Required Documents
Buy / Renew
Claim Process
Terminologies
Policy Download
FAQs

What is Passenger Carrying Vehicle Insurance?

Shriram Passenger Carrying Vehicle Insurance Policy covers for commercial vehicles that transports passengers from one place to other for losses and damages such as accidents, natural disasters, man-made disasters and so on by the passenger carrying vehicle insurance policy

A passenger carrying vehicle insurance policy is a contract between the vehicle owner and the insurer against various insured events
The Indian Motor Vehicles Act, 1988 mandates that all vehicles must be insured with third-party motor insurance to prevent losses and damages to the third-party vehicle/owner/property
Bus insurance, van insurance, taxi/cab insurance and auto-rickshaw insurance are the most common types of passenger carrying vehicle insurance

What is Passenger Carrying Vehicle Insurance?

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Over 60 Lakh
Happy Customers

Why Choose Shriram Passenger Carrying Vehicle Insurance?

With 60 lakh happy customers , Shriram General Insurance has a strong insurance legacy. It is a name trusted by millions when it comes to non-motor needs. The reasons to choose Shriram General Insurance’s non-motor insurers are endless

With our end-to-end digital platform, one can buy, renew and claim passenger carrying vehicle insurance from the comfort of their own home
At a budget-friendly premium, Shriram Passenger Carrying Vehicle Insurance offers comprehensive protection against natural and man-made disaster damages
To ensure timely assistance, claims are settled within a short period. With our dedicated team, Shriram Passenger Carrying Vehicle Insurance provides round-the-clock claims support

Comprehensive Coverage

Comprehensive Coverage includes Third-Party and Own Damage Coverage, as well as Compulsory Personal Accident cover (CPA). With Shriram Comprehensive Insurance policy, choose suitable add-ons to enhance your coverage

Own Damage Coverage

Own Damage (OD) covers damages resulting from accidents, theft, fire, natural calamities and man-made disasters

Third-Party Coverage

According to Section 146 of the Motor Vehicles Act, 1988, Third-Party coverage is mandatory. Third-party (opponent vehicle owner/pedestrian) passenger carrying vehicle insurance covers liability for third-party vehicle/property damage and third-party injury

How to Calculate Shriram Passenger Carrying Vehicle Insurance Premium?

The premium for Shriram Passenger Carrying Vehicle Insurance will be determined by various factors, including the type of vehicle, model and variant, year of manufacture, Insured Declared Value (IDV), type of insurance policy and add-ons

Make and Model/Variant

The make and model/variant of the vehicle are the primary components in calculating a passenger carrying vehicle insurance premium

Year of Manufacture

The vehicle's manufacturing year is essential to determine its IDV. A vehicle's depreciation cost will rise as the year progresses hence the IDV of the vehicle changes accordingly

Insured Declared Value

The Insured Declared Value (IDV) is the vehicle's current market value. It is the maximum amount the insurer will pay to the insured, if the vehicle suffers a total loss in an accident

Type of Insurance

In India, third-party passenger carrying vehicle insurance is mandatory. The premium for Third-Party passenger carrying vehicle insurance depends on the vehicle's cubic capacity

Add-ons

Individuals can choose an add-on based on their requirements. This adds to the cost of a standard passenger carrying vehicle insurance policy

Benefits of Renewing Shriram Passenger
Carrying Vehicle Insurance Online

Renewing your passenger carrying vehicle insurance policy is quick and easy with Shriram General Insurance's digital platform. Online renewal of passenger carrying vehicle insurance provides the following benefits:

Effortless and time-saving
Paperless Process
Quick renewal
Advantage of No Claim Bonus s
Avoid insurance break-ins

How to Save on your Shriram Passenger Carrying Vehicle Insurance Premium?

The factors mentioned here can help an insured to save on their vehicle insurance premium

Choosing Policy

Shriram General Insurance offers several types of passenger carrying vehicle insurance policies. A comprehensive insurance policy for passenger carrying vehicles is the smart option for protecting your vehicle

Selection of Add-ons

Add-ons should be purchased with additional care. However, choosing the right add-ons will ensure maximum coverage for your vehicle

Deductibles

Deductibles are out-of-pocket expenses that the insured must pay during a claim. Make sure to check on voluntary deductibles before you purchase a passenger carrying vehicle insurance policy

Renewing On-time

Keeping your No Claim Bonus (NCB) intact requires renewing your insurance policy on time. Any break-in insurance will affect the No Claim Bonus

Installing Anti-Theft Devices

Taking theft precautions, such as installing an anti-theft device (approved by ARAI), can result in affordable insurance premiums for passenger carrying vehicles

Frequently Asked Questions

How long is the Shriram Passenger Carrying Vehicle Insurance policy valid

The Shriram Passenger Carrying Vehicle Insurance policy has a minimum validity period of 12 months. The maximum validity period is determined by the chosen policy period at the time of purchase/renewal

Can I pay the premium of Shriram Passenger Carrying Vehicle Insurance policy in instalments?

No, the premium for Shriram Passenger Carrying Vehicle Insurance cannot be paid in instalments. The premium amount has to be paid as a single payment at the time of policy purchase/renewal

Who needs Passenger Carrying Vehicle Insurance?

Any individual or business entity using a vehicle for the purpose of transporting goods must obtain Passenger Carrying Vehicle Insurance. For example, vehicles such as trucks, tractors, construction vehicles or any other heavy vehicle

How does Shriram Passenger Carrying Vehicle Insurance claim process work?

Claim Intimation
Survey and Document Verification
Claim Settlement

What our customers say ?

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IRDAI Consumer Education:- Insurance is the subject matter of solicitation. IRDAI Registration Number - 137. CIN No. U66010RJ2006PLC029979. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

Helpline Number

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Your Vehicle is the Lifeline of your Business. Insure it Now

What is Passenger Carrying Vehicle Insurance?

Why Choose Shriram Passenger Carrying Vehicle Insurance?