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  • Shriram Two Wheeler Insurance

    Two Wheeler Insurance
    • Get quotes from multiple insurers
    • Cashless garages available
    • Buy/renew your policy online without hassles

    Shriram General Insurance is part of Shriram Group – an Indian conglomerate that commenced operations in 1974. The group has a number of wings including Industrial Manufacturing, Food and Retail, Infrastructure and Energy, Information Technology, etc. The group not only offers financial services but also provides services to meet the non-financial requirements of ordinary people.

    Features and Benefits of Shriram two-wheeler insurance

    The insurance wing of the Shriram Group has grown tremendously over the past few years, so much so that it was awarded the “Excellence in Growth Award” for two years in succession (2011 and 2012). The company is recognised as one of the major players in the insurance market, and boasts an increasing number of branches across the country.

    Policy Period One year
    Policy Types Shriram Two Wheeler Insurance
    Policy Coverage
    1. Accidental loss or damage of two wheeler
    2. Lightening, explosion, fire or self-ignition
    3. Accident by external means
    4. Personal accident cover
    5. Natural calamities such as storm, rockslide, flood, landslide, earthquake, inundation, etc.
    6. Man-made calamities such as terrorism, strikes, riots
    7. Burglary, theft or house-breaking
    8. Malicious acts
    9. Third party liability
    Transit by inland waterways, rail, road, lift or air
    Exclusions
    1. Damage or loss caused to the two wheeler because of wilful negligence
    2. Damage or loss caused by an individual riding under the influence of drugs or alcohol
    3. Damage or loss to the 2 wheeler caused by an unauthorised rider other than the one mentioned in the driver’s clause
    4. Damage caused by an individual riding without a valid driving license
    5. Damage caused outside the geographical area of coverage as specified in the policy document
    6. Damage or loss as a result of any consequential loss
    7. Damage or loss caused by nuclear risks, mutiny, invasion, war, civil war, hostilities, rebellion, etc.
    8. Damage or loss caused to accessories of the 2 wheeler by theft, burglary or housebreaking
    9. Damage to tubes and tyres
    10. Electrical or mechanical breakdown
    11. Depreciation or any other consequential losses
    If the vehicle is used to reward or hire, racing or speed testing, reliability trials, etc.
    Renewal Frequency Annual
    Available Add-ons Personal Accident Cover
    No Claim Benefit In case no claims have been made by a policyholder over the course of the policy term, a discount or bonus called No Claim can be availed on the premium payment applicable to the new policy.
    Zero Depreciation Cover N/A
    Refund Facility In case a customer wishes to surrender the Shriram Two Wheeler Insurance plan, he/she will have to visit the nearest branch of the company along with the policy documents before filling in and submitting the surrender form at the counter. The documents will then be checked by the officials and if they are satisfactory, the plan will be cancelled and the customer will receive a refund in his/her bank account.  
    If Plan Expired If the plan expires, you can renew it policy on the official website of Shriram General Insurance Company Limited by entering your policy number, registration number, engine number, or the chassis number. Then, hit the ‘Renew’ button.
    Network Garage Shriram General Insurance Company Limited has a wide network of garages across the country so that customers have quick access to solutions in times of emergencies. The policy document will have a comprehensive list of all the network garages partnering with the company.

    Reasons to Choose Shriram Two Wheeler Insurance

    Following are the main reasons to purchase Shriram Two-Wheeler Insurance:

    1. The Shriram Two-Wheeler Insurance policy offers comprehensive protection and makes sure that customers are financially covered in case of loss/damage to their two wheelers.
    2. The Shriram Two-Wheeler Insurance policy offers protection against any third party damages.  
    3. Customers who purchase the Shriram Two-Wheeler Insurance policy can save a good amount of money by making the most of the No Claim Bonus under this plan.
    4. Customers can pick the best covers at affordable premiums.
    5. Customers who purchase the Shriram Two-Wheeler Insurance policy can avail personal accident cover.
    6. Customers who purchase the plan can register their two wheeler claim online and track its status from the comfort of their home.
    7. Customers who purchase the Shriram Two-Wheeler Insurance policy have the convenience of renewing their policy from the comfort of their homes once the policy has expired.
    8. The company has a round-the-clock customer service team to resolve any problems or concerns their customers may face at any time.
    9. Shriram General Insurance Company Limited follows an easy and hassle-free procedure to settle claims.

    Available Plans in Shriram General Insurance Company Limited

    Shriram General Insurance Company Limited offers just one bike insurance policy at the moment.

    Coverage Offered in Shriram Two Wheeler Insurance

    Following are the circumstances under which cover will be provided by the Shriram Two Wheeler Insurance Policy:

    1. In case a two wheeler is damaged due to burglary, theft, or house-breaking; explosion, lightning, fire or self-ignition, landslide, rockslide, storm, earthquake, flood, malicious acts, riots, terrorism, inundation, strikes, or transit by road, air, inland waterways, rail, or lift.
    2. In case of the loss of a two wheeler during the policy term, Shriram General Insurance Company will pay the policyholder the Insured Declared Value which will be equal to the sum assured for the two wheeler.
    3. The Shriram Two Wheeler Insurance policy covers damages to third party properties if the damage is caused by the insured two wheeler.
    4. Injuries or accidental death of third party.
    5. Additional cover can be purchased by paying an additional premium.
    6. Loss or damage to electrical or non-electrical accessories.
    7. In case the two wheeler has caused third party property damage, the company will provide compensation to the extent of Rs.1 lakh.

    Note: The cover depends on the policy chosen. Certain benefits are applicable only if the individual has opted for add-on covers.

    Exclusions in Shriram Two Wheeler Insurance Policy

    Following are the situations under which no expenses will be reimbursed by the Shriram Two Wheeler Insurance policy:

    1. In case of damage arising due to the two wheeler being ridden without a valid driver’s license.
    2. In case of damage or loss arising due to the 2 wheeler being ridden by another individual apart from a driver as specified in the driver’s clause of the policy.
    3. In case of damage or loss arising due to the rider being under the influence of alcohol or drugs.
    4. In case of any damage or loss to the 2 wheeler outside the geographic area covered by the plan.
    5. In case damage or loss is caused as a result of wilful negligence.
    6. In case of damage or loss arising due to the rider being under the influence of drugs or alcohol.
    7. In case of any nuclear perils and war or liabilities or expenses arising out of either consequential event or direct impact of any invasion, hostilities, war, acts of foreign enemies, mutiny, usurped or military power, civil war, or rebellion.
    8. In case of liabilities arising out of or as a result of consequential events resulting from contamination, ionising or radiation by radioactivity from any nuclear waste or nuclear fuel.
    9. Electrical or mechanical breakdown, wear and tear, and depreciation.

    Eligibility to Buy Shriram Two Wheeler Insurance

    It is mandatory as per government regulations for every two wheeler within India to be insured. The Shriram General Insurance Company takes into consideration a few aspects as follow before issuing a two wheeler insurance policy.

    1. Driver license – The applicant for a two wheeler insurance policy will have to possess a valid driver’s license as it will be requested at the time of purchase.
    2. Registration – The two wheeler must be registered with a Regional Transport Office in India.
    3. Modifications – Applications to insure modified two wheelers are often rejected, so make sure that your two wheeler is not modified.
    4. Fitness certificate – The two wheeler must have a fitness certificate (if applicable).
    5. Payment – Depending upon the two wheeler that is being insured, a fee will have to be paid to purchase a two wheeler insurance policy.

    Steps to Buy Shriram Two Wheeler Insurance:

    Individuals who wish to purchase a two wheeler insurance policy from Shriram General Insurance Company can do so by visiting a branch of the company. Alternatively, the online route could also be used to purchase a bike insurance plan from the comfort of your home. Here is a step by step procedure to purchase a two wheeler insurance policy from Shriram:

    1. Visit the official website of Shriram General Insurance Company Limited.
    2. Click on the ‘Two Wheeler’ option on the menu at the top.
    3. You will be redirected to a new page where you will have to choose ‘Buy New Two Wheeler Insurance’.
    4. You will then be redirected to a new page wherein you will have to enter several details such as the proposer’s full name, the city in which he/she resides, his/her mobile number, and information regarding the two wheeler, like the bike make, the fuel type, the bike model, the cubic capacity, the date of registration, the year of manufacture, the insured declared value, the city in which the two wheeler was registered, etc.
    5. Once you have filled in the aforementioned details, you will have to select whether or not you would like to cover the accessories installed in the two wheeler.
    6. After all the information has been entered, you will be shown a list of options that best suit your insurance needs.
    7. Select the policy you like and the concerned team will get in touch with you to proceed with the process.

    How to make claims in Shriram Two Wheeler Insurance?

    In case you meet with an accident, here are the steps to follow for making a claim with Shriram General Insurance Company Limited:

    1. Intimate the company about the accident by either visiting the nearest branch or calling the toll free number to lodge the claim. You will have to provide the following details along with claim request:
    2. a brief description of the accident,
    3. date and time at which the accident took place,
    4. the estimated loss,
    5. the policy number,
    6. the location at which a surveyor can be sent to assess the damage,
    7. the contact details of the insured,
    8. the name of the driver along with his/her contact number and driving license details, etc.
    9. Download the claim intimation form from the company’s website and send it to chd@shriram.com after which you will be contacted by a claim representative.
    10. A claim reference number will be provided by the claim representative for future reference, and once the claim is submitted and approved, you will receive a text message on your registered mobile number intimating the details of the surveyor.
    11. Once the surveyor has given his approval post inspection, your claim will be registered with the company.
    12. You will have to send a number of documents along with the claim form to the company, including a copy of the driver’s license, a police FIR, a certificate of registration, copy of the insurance policy and receipt of premium payment, and fitness certificate in case of commercial vehicles.

    Renew Shriram Two Wheeler Insurance

    Customers whose Shriram Two Wheeler Insurance policy is set to expire can renew the policy online with relative ease. Here are the steps to follow:

    1. Visit the official website of the Shriram General Insurance Company.
    2. Click on ‘Two Wheeler’ on the bar at the top of the screen.
    3. You will be redirected to a new page where you will have to select ‘Renew Shriram’.
    4. You will then be redirected to a new page that will request you to enter the policy number of the plan that has to be renewed along with any one of the registration number, the engine number, or the chassis number.
    5. Once you have entered the aforementioned details, you will have to pay the renewal fee through a credit or debit card or net banking.

    Why deductible is important in a Shriram Two Wheeler Insurance policy?

    A deductible is essentially an amount of money that the individual who purchases a policy will have to pay in case his/her two wheeler subject to an accident. Selecting a higher amount as your deductible will ensure that your premium payments are lower, and responsible riders can opt for a higher deductible to get a discount on the premium.

    What to do after expiry of a Shriram Two Wheeler Insurance Policy?

    It is illegal to ride a two wheeler without a valid insurance in India. Violators are liable to punishment by law, making it extremely important to ensure that your two wheeler insurance is active at all times. If your two wheeler insurance is about to expire, you can simply visit the official website of the company and renew it to ensure that you stay clear of trouble.

    Shriram General Insurance Company Customer Care Service

    The Corporate Office of Shriram General Insurance Company Limited is located in Jaipur, and customers can reach the company at its toll free number – 180030030000, or fax them at 0141-2770692/93.

    Shriram Two Wheeler Insurance Frequently Asked Questions:

    1. Will the insurance plan offer coverage if I do not have my driving license?
    2. The Shriram Two Wheeler Insurance policy requires the rider to possess a valid driving license on their person at the time of an accident in order to be eligible for claims.

    3. How can I pay premiums?
    4. Premium payments can be made through auto debit, debit or credit card, cheque or cash, or net banking.

    5. How will I be eligible for a No Claim Bonus?
    6. Customers who have not made any claims over the previous policy term can make the most of a No Claim Bonus through which they can receive discounts on the premium payments.

    7. What is the sum assured of this policy?
    8. The sum assured of the Shriram Two Wheeler Insurance policies will be the Insured Declared Value of the two wheeler.

    9. How can I check the status of my two wheeler insurance policy?
    10. Customers can check the status of their bike insurance policy by calling the company’s toll free number where they will be assisted by the customer service representative.

    This insurance company/organisation is not a partner of Bankbazaarinsurance.com. The content provided here is for informational purposes only. Readers should visit the branch office/website of the insurer for more details. The logos, trademarks, and other intellectual property on display belong to their respective owners.

    Two Wheeler Insurance Reviews

    • review Two Wheeler Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have been using the two wheeler policy with SHRIRAM GENERAL INSURANCE from last few months and i have purchased it through offline added on that they have provided the basic policy coverage. Premium and the IDV value were good when compared to the others.
      Was this review helpful? 1
      , muzaffarpur
      Reviewed on Sep 22, 2018
    • review Two Wheeler Insurance
      "GOOD POLICY"
      0.5 4.0/5 "Great!"
      I have taken the car insurance policy with Shriram General Insurance and i had claim with this policy but they have not given the car in the authorized service center but apart from that it is good service. I have paid 2k for the claim and the premium i paid 13k for the zero dep coverage.
      Was this review helpful? 1
      , jabalpur
      Reviewed on Sep 11, 2018
    • review Two Wheeler Insurance
      "Need to reduce the premium amount"
      0.5 3.0/5 "Satisfactory"
      The premium is high when i compared with other companies. The customer care service is really nice. I never had any claim experience with Shriram. I have made a premium amount of Rs. 1600. I have purchased the insurance policy in September 2017. I'm satisfied with the benefits.
      Was this review helpful? 0
      , jaipur
      Reviewed on Sep 04, 2018
    • review Two Wheeler Insurance
      "Fine policy "
      0.5 4.0/5 "Great!"
      I have bought my two wheeler insurance in January 2017. With the terms and conditions the premium was lower in shriram General Insurance. I have paid the premium amount of Rs. 1400 around. I did not speak with the customer care. For a lower premium i have got higher benefits.
      Was this review helpful? 1
      , new delhi
      Reviewed on Aug 29, 2018
    • review Two Wheeler Insurance
      "Good two wheeler insurance policy"
      0.5 3.5/5 "Pretty good"
      I have paid a premium amount of Rs. 1500 per year which is very much nominal. I have purchased the two wheeler insurance policy in Showroom itself. They have offered me a IDV value of Rs. 37000. I have not made any claim with them. I never spoke with their customer care. This is a first party insurance.
      Was this review helpful? 0
      , srikakulam
      Reviewed on Aug 26, 2018
    • review Two Wheeler Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have used mt two wheeler policy with the Shriram General Insurance but i had no claim with this policy and i have been using it since last 1 year. The policy coverage is for the basic one but the premium what they have provided is for the lower.
      Was this review helpful? 0
      , indore
      Reviewed on Aug 23, 2018
    • review Two Wheeler Insurance
      "Fine policy"
      0.5 4.0/5 "Great!"
      I have purchased my two wheeler insurance with Shriram General insurance. I have taken 3 months ago. I have paid the amount of Rs. 1600. This is the third party insurance and they are providing cashless garages. I have not claimed the policy so far. If i want to claim with the maximum amount of Rs. 50000
      Was this review helpful? 0
      , pusad
      Reviewed on Aug 07, 2018
    • review Two Wheeler Insurance
      "GOOD"
      0.5 3.0/5 "Satisfactory"
      SHRIRAM GENERAL INSURANCE is the insurance provider that where i have previously have used for my two wheeler that i have taken from my showroom. i had no claiming experience so far and the premium is higher when compared to the others. Apart from that it is good.
      Was this review helpful? 0
      , srikakulam
      Reviewed on Jul 15, 2018
    • review Two Wheeler Insurance
      "AVERAGE"
      0.5 3.0/5 "Satisfactory"
      Premium is normal when compared to others and i am satisfied with that in my two wheeler insurance. I had no claim experience so far that i am holding with. I have purchased by own through the on line and the service is very good. IDV is not that much better.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 04, 2018
    • review Two Wheeler Insurance
      "Good overall"
      0.5 4.0/5 "Great!"
      Shriram general insurance is overall good. I have taken my two wheeler policy with them last year. The process was good. I had to directly buy it through an agent. The policy coverage is good and the premium is also normal. No hassles overall.
      Was this review helpful? 0
      , yamuna nagar
      Reviewed on Jun 29, 2018
    • review Two Wheeler Insurance
      "BETTER"
      0.5 4.0/5 "Great!"
      I am using for the first time. Documentation is good and easy and it is a paperless approval and i got through the on line . No claim experience i had so far. Customer service not yet contacted. policy coverage is good. To choose this the reason is that this is a good premium.coverage is also good.
      Was this review helpful? 0
      , thane
      Reviewed on May 26, 2018
    • review Two Wheeler Insurance
      "BEST"
      0.5 4.0/5 "Great!"
      I have been using the insurance from 3 months and it is good. Documentation is good and quick and easy. Customer service i not yet experienced. I had no claiming experience so far, policy coverage is good. Because of the low premium i have been taken insurance from this institute.Plan benefit no idea.
      Was this review helpful? 0
      , namakkal
      Reviewed on May 23, 2018
    • review Two Wheeler Insurance
      "Good benefits"
      0.5 5.0/5 "Blown Away!"
      Shriram general insurance is overall good. I got my two wheeler insurance from them when I first bough my vehicle. It was a smooth process and the premium was also okay for me. I also got the necessary documents on time. The policy coverage and benefits were good.
      Was this review helpful? 0
      , tirupur
      Reviewed on Jan 19, 2018
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