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Types of Personal Accident Insuance
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Calculate Premium for Shriram Personal Accident Insurance

How to Calculate Shriram Personal Accident Insurance Premium?

Shriram Personal Accident Insurance premium is calculated by a range of factors such as sum insured, type of policy, occupation, annual income, age and policy term

Sum Insured

In the event of accidental death or permanent disability, the maximum amount payable to the insured is determined by the sum insured

Occupation

Premiums for Personal Accident Insurance are determined based on the insured's occupation risk category and occupation

Annual Income

The sum insured for Personal Accident Insurance is typically calculated based on the insured's annual income

Age of the Insured

The Personal Accident Insurance premium is determined by taking the insured's age into consideration. The higher the person’s age, the higher the risk associated with it

Type of Policy

The plan and coverages selected by the insured influence the insurance premium. It is best to research and compare various plans before choosing the suitable one

Policy Term

Extending the coverage period by choosing a longer policy term will result in a higher premium. However, the insured can have enhanced protection throughout their policy term

Frequently Asked Questions

Why should I purchase Shriram Personal Accident Insurance?

Shriram Personal Accident Insurance policy will protect you and your loved ones against unforeseen events.

It provides:

• A fixed sum insured at the time of insured losses
• Financial assistance at the time of demise or disability
• Covers against emergency hospital expenses

Can I select any add-on riders with Shriram Personal Accident Insurance policy?

Yes, you can select any of the following add-on covers:

• Medical Expense Reimbursement
• Hospital Confinement Allowance
• Accidental Hospitalisation Cover
• Children’s Education Benefits
• Transportation of Mortal Remains

How is the premium for Shriram Personal Accident Insurance policy calculated?

The premium for Personal Accident Insurance is determined by:

• Sum Insured
• Occupation
• Annual Income
• Age
• Policy Tenure
• Type of Policy
• Optional Add-ons
• Dependents