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The amount paid to an insurer when buying a policy is called a premium. The premium for Shriram Personal Accident Insurance is calculated based on several components, such as the sum insured, policy term, type of policy, age, occupation and annual income of the insured
Sum insured refers to the maximum amount payable in case of accidental death or permanent disability
Depending on their occupation risk, insureds are classified into several categories. Likewise, the occupation of the insured is one of the premium-determining factors for personal accident insurance
An insured’s annual income is generally used to calculate the sum insured for personal accident insurance
An insured’s annual income is generally used to calculate the sum insured for personal accident insurance
When calculating the premium for personal accident insurance, the age of the insured is also taken into consideration
One of the components of personal accident premiums includes the plan and coverages selected by the insured
Premiums will increase with a longer policy term. As the coverage period extends, the premium also increases
The premium for Shriram Personal Accident Insurance is calculated based on several components, such as the sum insured, policy term, type of policy, age, occupation and annual income of the insured
Yes. The occupation of the insured is one of the premium-determining factors for personal accident insurance. Depending on their occupation risk, insureds are classified into several categories
Your insurance policy is up for renewal.
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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.
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