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Add-Ons for Customization
Shriram Car Insurance
Shriram General Insurance is a part of the Shriram Group, which was started in 1947. Until September 2012, it worked as a joint venture between Shriram Capital Ltd. (India) and Sa nlam Limited (South Africa).
Sanlam Limited is one of the biggest financial service companies in South Africa, with a market value of over $6 billion. It was founded in 1918 and became a public company in 1998. SANTAM, a part of Sanlam, is well known for short-term insurance and is one of the leading companies in South Africa.
Today, Shriram General Insurance serves more than 10 million customers and has over 45,000 employees working across 2,400+ branches in India. The company has a profit of over Rs. 15 million and manages assets worth Rs. 60,000.
It offers many types of insurance, such as car insurance, bike insurance, health insurance, personal accident insurance, and travel insurance. It also provides policies for weddings, shops, and other valuable assets.
Key Features of Shriram Car Insurance
| Founded in | 1974 |
|---|---|
| Cashless Garages | 2,000+ across India |
| Claim Settlement Ratio | 96.00% |
| Customer Care Assistance | 24*7 |
| Personal Accident Cover | Up to Rs. 15 lakhs* |
| Emergency Roadside Assistance | Yes |
| Add-on covers | 8+ Add-on covers available |
| No Claim Bonus | Up to 50% |
Motor Insurance Plans By Shriram
Types of Shriram Car Insurance Policy
Shriram General Insurance gives three types of car insurance policies. These are:Shriram Third Party Liability
This policy protects you if your car causes damage to someone else or their property. It covers things like damage to other people’s things, injury, or death caused by your car. But it does not cover any damage to your own car.
Shriram Standalone Motor Own Damage Policy
This policy covers damage to your own car caused by accidents or other unexpected events. It does not cover any damage to other people or their property. You can buy this plan along with the third-party liability policy if you want full protection.
Shriram Private Car Package
This is a complete insurance plan. It covers damage to your car from events like accidents, theft, natural disasters, or other unexpected problems. It also covers damage caused to other people or their property by your car.
Benefits of Shriram Car Insurance
Shriram car insurance plans have some special benefits that make them a good choice:
- 01
Low-cost insurance plans with tailor-made coverage
Shriram offers insurance plans that don’t cost too much. You can pick the coverage you want, so you only pay for what you need. This way, you get the best protection without wasting money.
- 02
Fast and hassle-free claim settlement service
If you meet with an accident and want to make a claim, with Shriram, you can do it quickly and easily. They try to settle your claim fast so you do not have to wait a long time or face any problems.
- 03
No Claim Bonus on car insurance is also available
If you do not make any claims during the policy period, you get a reward called No Claim Bonus. This bonus usually means a discount on your text premium, which saves you money.
- 04
Availability of Personal accident cover for policyholders
Shriram car insurance also gives you personal accident cover. This means if you get hurt in a car accident, the insurance will help pay for your medical costs or provide financial support.
Add-Ons of the Shriram Car Insurance Policy
Here are some add-ons that can make your basic car insurance plan stronger:Zero Depreciation Cover This add-on helps pay for the full cost of parts that get damaged or need to be replaced in your car. Usually, normal insurance does not pay for the loss in value of these parts, but with this cover, you get full money back.Daily Reimbursement Cover If your car is getting repaired at a network garage, this add-on gives you some money every day until your car is fixed. But if your car is not repaired at a network garage, you won’t get this daily payment.Return to Invoice Cover If your car is completely lost due to theft or fire, this cover gives you the full price of your car as per the original invoice, including registration fees and road tax. It helps you get back the full value of your car.Personal Belongings Cover If your personal items inside the car get lost or damaged during an accident, this add-on helps pay for them. But for each claim, you will have to pay the first Rs. 500 yourself.Emergency Transport & Hotel Expenses If your car has an accident, this add-on pays for taxi rides you take while your car is being repaired. It also covers the cost if you need to stay overnight at a hotel because of the accident.Key Replacement Cover If your car keys are lost, stolen, or broken, this add-on helps pay to replace or fix them. It also helps if you get locked out of your car or if there is a break-in.Multicar Rebate If you own more than one car, this add-on lets you get discounts on add-ons like zero depreciation, key replacement, and personal belongings for all your cars.
Documents Required for Buying Shriram Car Insurance
To buy your Shriram car insurance plan, you must have these things with you: Car details Car registration number, delivery date (if it’s a new car), car brand, model, fuel type, engine number, and chassis number.Personal details Your full name, date of birth, address, mobile number, and PIN code.Nominee details Name of the person you want to nominate and their relationship with you (for Personal Accident Cover).ID proof You can use your PAN card, Aadhaar card, or passport.Address proof Aadhaar card or voter ID will work.Vehicle RC Give your car’s Registration Certificate (RC) if your car is already registered. For new cars, share the delivery date.Passport-size photo Needed for KYC verification.
How to Buy Shriram Car Insurance from the Square Insurance Website
You can easily buy Shriram car insurance online by following these simple steps:Step 1 Visit the Square Insurance website and click on “Car Insurance.”Step 2 Enter your car’s registration number. If you have a new car, click on “Got a New Car.”Step 3 Fill in your car details like brand, model, fuel type, and registration date.Step 4 Complete the registration form and click Next.Step 5 Check the list of available insurance plans and choose the one that suits your budget.Step 6 If you want extra protection, select add-ons from the “Add-on Cover” section.Step 7 Make your payment online using a debit card, credit card, UPI, or net banking.Step 8 Once the payment is done, you will receive your policy document by email from Shriram.
FAQs
Shriram General Insurance offers both short-term and long-term car insurance plans. You can choose a policy for 1 year, 3 years, or 5 years, depending on your needs.
You can pay for your new or renewal policy easily on Shriram’s official website. Payments can be made using a debit card, credit card, or net banking.
Don’t worry! Even if another person were driving your car, your car insurance policy would still be valid and cover the damages as per the policy terms.
You can check your policy status in two ways:Call Shriram’s toll-free number and share your details with the customer support team to get your policy status.Or, log in to the Shriram General Insurance website or the Square Insurance website to check your policy details online.